Why Ripple price fall

[hani20980]

Ripple ranked 3 in coinmarketcap for a long time and it was one of the most popular coins and ripple price was traded at 10000 sat but
now the price is 10 times lower and the coin fell in the ranking of coinmarketcap what are the reasons behind this ?

 

[Niftyyem]

I am finding it difficult to understand why ripple is not doing well. Some recent news even claimed that some huge amount was invested in the coin but no change was felt. I would not have expected ripple to go down so much.

 

[Vladv26]

There was a lawsuit against the company that owns Ripple and because of that many people started losing interest in ripple. Therefore the price has also dropped

 

[Josemendez]

To me ,the major challenge facing ripple is the fact that the supply seems to be greater than the demand.

 

[Ehizzy1]

I think ripple is facing a major issue i think the company should work on the demands and not only supply

 

[Lyrrex]

Ripple ranked 3 in coinmarketcap for a long time and it was one of the most popular coins and ripple price was traded at 10000 sat but
now the price is 10 times lower and the coin fell in the ranking of coinmarketcap what are the reasons behind this ?

Its fall was because of the massive dumping. I feel a lot of people who have been holding for several months may have dumped it for profit.

 

[Seun4luv]

Why ripples price fall I wouldn't know or maybe is as a result of present recession in the country or world at large. Inflation everywhere

 

[Sincerem]

Ripple ranked 3 in coinmarketcap for a long time and it was one of the most popular coins and ripple price was traded at 10000 sat but
now the price is 10 times lower and the coin fell in the ranking of coinmarketcap what are the reasons behind this ?

Hmm, maybe in the last couple of weeks now, people have not traded it as much as it supposed. People are more focused on Bitcoin than any other Cryptocurrency. That's why the price dropled so low, the amount of supply and demand of XRP is low, as such the price will go down.

 

[giddy]

The XRP price, after soaring through November on the back of a hotly-anticipated new cryptocurrency giveaway, has crashed from $0.64 to $0.30 in under a week as traders and investors process the news.

Earlier this week, Ripple’s chief executive Brad Garlinghouse revealed the SEC had filed a lawsuit against the company arguing the XRP token is a tradable asset, known as a security, and as such is subject to its regulations. The lawsuit alleges that Ripple has raised $1.3 billion in unregistered securities offerings since 2013.

 

[Adeyoola7]

The US Securities and Exchange Commission said on Wednesday that Ripple had effectively been running a $1.3 billion unregistered offering with its sales of XRP, which the regulator deemed a security and not a cryptocurrency.

"In light of the SEC's lawsuit against Ripple Labs, Inc, we have made the decision to suspend the XRP trading pairs on our platform," Coinbase said in a statement late on Monday.

 

[Ojonuyo]

Thanks for the explanation. To me, I feel their recent fall in price and worth are as a results of the lawsuit charged against them by the US security coinbase system. And presently ripple is facing serious challenges. I hope they make it out.

 

[Kamon c4]

Rippple (XRP) is facing a current lawsuit from the USA government. Their investors took no chances of the situation as they couldn’t risk their investments with ripple, this has resulted in massive fall in the value of the cryptocurrency. Hopefully it bounce back

 

[Nurudeen]

The reason behind the fall of ripple is just because of the lawsuit slammed on them by sec after violating some laws In the crypto currency exchange Business. However, the case is already in court and I believe the coin will rally up if ripple company manage to win the case.

 

[archahmad]

Cryptocurrency market is highly speculative, the problem with ripple price drop is likely associated with turmoil between the officials and investors. So the news broke out about this issue and people start to sell it. The number of sellers far morethan of buyers, meaning no market equilibrium. This cause the price to drop

 

[WhiteHouse]

I guess it is because of the lawsuit filed against the owner of the company and the company itself, I'm sure if they are able to cross and come our victories in this their trial they will return to their normal ranking. Just a matter of time now.

 

[Erik4150]

Many people are loosing interest in ripple the lawsuit filed against their parent company by SEC. The coin got removed and is no longer trade able on coinbase. Most people don't want to take their chances on a failing coin.

 

[Ralphjoe]

The reason for the near collapse of the Ripple XRP is the lawsuit instituted against Ripples by the US securities and exchange commission. They accused Ripples of selling unregistered securities to their investors so as to raise fund for the company.

The US securities and exchange commission has alleged that the XRP is a securities while ripples has said that XRP is not a securities but a digital currency. This will be one of the most followed trials in the US recently.

 

[Nomad]

I do not know why ripple did not succeed. when I heard of ripple, I though this was something that will grow very big in future but sadly, this never happened.

 

[Niftyyem]

Many still believe in the potential of the ripple coin especially when you look at the plans of the Ripple company for it. It is just so unfortunate that the lawsuit has really made things the way they are now.

 

[Sotherefore]

The point is that Ripple may not be able to attend a reasonable prices if the lawsuit they are having with the United States is not settled. That is what I am observing here.