What effect could the present lawsuit on XRP have on the price ?

[Josemendez]

News gathered from many sources revealed that Ripple company has been sued by SEC .

The lawsuit accuses Ripple of not having their transaction open ,and improperly selling of xrp .

The news has caused many fears among xrp holders , some are afraid that the price which has started dropping may continue to drop.
Do you think that this action will affect Xrp price negatively ?

 

[Sake]

This is bad for Xrp. Just as it's starting to gain a good momentum on its price this happened. They should atleast release a statement and assure the holders so they wouldn't just dump their holdings now.

 

[kaychiz]

Wow! I don't think this is good news for ripple. The news has already started generating fear among the token's holders and that could lead to huge sell offs which in turn could drive price further down.

 

[Sotherefore]

Such action can actually affect the overall functioning system of ripple as it is a bad image to the ripple company and this may even crash ripple as people may not be confident enough to buy them to hold as they are afraid it may crash, that is the reason for the price fluctuations in the overall ripple system.what ever is their problem should be settled

 

[Prettybabe]

The effect that the present law suit can have on the price of xrp is that, it will cause panicking for holders of xrp. This panicking can cause premature selling off of the coins and might in turn further bring the price down.

 

[Setho]

I think this a very sad news for the Crypto community even in the struggle to try to make more and more people to start adopting Cryptos. This is also coming at a bad time when I think xep was already gaining grown, becoming popular and the price curve has been rising steady. They still haven't posted so much evidence yet and the xrp team are still yet to deny the allegations but overall I think it would definately affect the price.

 

[ahmedo24]

Depites the challenges surrounding ripple the price has witnessed more gains today than loses , those who can take the risk will sure enjoy from it because Ripple eventually succeed ,.the price will spring up faster.

 

[Lagazine]

The lawsuits against Ripple company will definitely have a negative impact on the crypto world and its going to be a bad omen for Ripple coin. It's going to affect the coin as a lots of investors will not trust the platform and even withdraw their investment from the company. Although, some will still not doubt the authenticity of the but, yet the coin price will be affected.

 

[Nurudeen]

The sanction placed on ripple by US SEC is already affecting the price of the coin forcing more investors to sell off their coin. I hope they come out of these after the whole issue have been resolved. But I can see the price is now forming another momentum on one of the crypto currency exchange platform.

 

[Kennysplash]

News gathered from many sources revealed that Ripple company has been sued by SEC .

The lawsuit accuses Ripple of not having their transaction open ,and improperly selling of xrp .

The news has caused many fears among xrp holders , some are afraid that the price which has started dropping may continue to drop.
Do you think that this action will affect Xrp price negatively ?

Of course, we are already seeing it's effect considering how the price of ripple has dropped. But I think they will rise above it, and since many are already selling their xrp it will be more expensive eventually. Ripple will bounce back.
[automerge]1609498383[/automerge]

News gathered from many sources revealed that Ripple company has been sued by SEC .

The lawsuit accuses Ripple of not having their transaction open ,and improperly selling of xrp .

The news has caused many fears among xrp holders , some are afraid that the price which has started dropping may continue to drop.
Do you think that this action will affect Xrp price negatively ?

Of course, we are already seeing it's effect considering how the price of ripple has dropped. But I think they will rise above it, and since many are already selling their xrp it will be more expensive eventually. Ripple will bounce back.

 

[Kamon c4]

The lawsuit has affected ripple badly Abd most of its investors are withdrawing their investments. Some exchange platforms have banned trading of ripple (XRP). Provided the lawsuit Goes in their way I believe ripple will bounce back and that’s the same for otherwise

 

[Sincerem]

The actions from the lawsuit have impacted negatively already to the price of XRP, can't you see the steady decrease of XRP coin?? Many crypto exchange platforms have stopped accepting the transactions of XRP on their platform. They have sensed the uncertainty going around XRP coin, decided to halt the transactions via their website. Until the lawsuit between them and U.S sec resolves.

 

[Ralphjoe]

The lawsuit that the US sec instigated against Ripples is already causing very bad impact on the price of Ripples xrp, the price gone down so low, as if that wasn't enough, so many cryptocurrencies exchange platform have removed ripples xrp from their platform, this is a very sad moment for that company.
[automerge]1609498703[/automerge]
The lawsuit that the US sec instigated against Ripples is already causing very bad impact on the price of Ripples xrp, the price gone down so low, as if that wasn't enough, so many cryptocurrencies exchange platform have removed ripples xrp from their platform, this is a very sad moment for that company.

 

[Goodday]

News gathered from many sources revealed that Ripple company has been sued by SEC .

The lawsuit accuses Ripple of not having their transaction open ,and improperly selling of xrp .

The news has caused many fears among xrp holders , some are afraid that the price which has started dropping may continue to drop.
Do you think that this action will affect Xrp price negatively ?

The lawsuit affected Ripple negatively but I think Ripple will soon recover because it has recently showed some signs of recobering. The situation will be worse if investors are afraid and sell their Ripple which will lead to the dumping of the price.

 

[Josemendez]

The lawsuit affected Ripple negatively but I think Ripple will soon recover because it has recently showed some signs of recobering. The situation will be worse if investors are afraid and sell their Ripple which will lead to the dumping of the price.

My annoyance is that Cryptocurrency exchange sites have started delisitng xrp ,and some have also stop xrp transactions. This is quite uncalled for . I was thinking that Cryptocurrency exchange sites should come out and back up ripple now ,so that SEC will stop poking their eyes in cryptocurrency companies

 

[Goodday]

My annoyance is that Cryptocurrency exchange sites have started delisitng xrp ,and some have also stop xrp transactions. This is quite uncalled for . I was thinking that Cryptocurrency exchange sites should come out and back up ripple now ,so that SEC will stop poking their eyes in cryptocurrency companies

That is the main problem now which let Ripple investors believe Ripple might not worth again. I think more than 50% of Ripple investors are US and here is the case many exchanges have resricted them from transacting Ripple.

 

[Tienda]

Sincerely is bad to see a very good coin like XRP in this terrible situation! Is one of the preferable coin for transaction because of the fastest and cheap transfer, now converted to the fugitive! I am afraid the XRP situation is possible will touch any other cryptocurrency.

 

[btaliat]

Reading the incident some days ago saddened me. I don't wish to see Ripple going though such ordeal. Among the effects of the lawsuit is it may affect the price of the coin, it may lose customer and its worth may be reduced. Of recent, coinbase removed it from the coin to be traded on it.

 

[giddy]

The acute XRP bull trend quickly ended when the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple for allegedly violating federal securities laws in selling the cryptocurrency to retail consumers, which raised $1.3 billion over a seven-year period.

 

[Rainlover207]

that will really affect the price of ripple because a lot of people will believe that the lawsuit will not favour the ripple company and as a result they would like to sell out their coins which will lead to price failure in ripple.but if the lawsuit will favour the ripple company the price will still go up.