XRP Price Rebounds like a Titan Despite Unfavorable Circumstances

[John_Kammy]

XRP presumed to be dead by many, picked up the momentum, and bounced back. The XRP price is expected to surge to its initial levels priorly and later rally towards $1.
After the rounds of SEC suing Ripple outspread in the market, XRP price dropped drastically due to the immense selling pressure registering the longest red candle in the XRP chart.

[yurez1981]

XRP presumed to be dead by many, picked up the momentum, and bounced back. The XRP price is expected to surge to its initial levels priorly and later rally towards $1.
After the rounds of SEC suing Ripple outspread in the market, XRP price dropped drastically due to the immense selling pressure registering the longest red candle in the XRP chart.

Maybe it's just the bounce of a dead cat, technically very likely.  The SEC claims have not gone away and this may be the most profitable place to exit XRP, although there is a chance that this is just a played-out spectacle.

[[email protected]]

Not really. It's still terribly bearish and they are still being sued for 1.3 billion dollars. This won't go away so fast.

[hair]

I never doubted XRP, prices dropped only temporarily, XRP has a large community and is supported by big banks and companies. XRP is the best investment.

[yurez1981]

The XRP chart looks terribly bad and I think the price can drop down to 15-17 cents.  I have no doubts that XRP will grow, but now it is weak.

[hair]

The XRP chart looks terribly bad and I think the price can drop down to 15-17 cents.  I have no doubts that XRP will grow, but now it is weak.

Is it because of a negative issue that made the XRP price drop?

[calis1]

due to problem with SEC in America.

[[email protected]]

As I said, they're being sued for 1.3 billion dollars. There won't be a quick rebound from this.

[hair]

As I said, they're being sued for 1.3 billion dollars. There won't be a quick rebound from this.

It seems that XRP is working hard to restore their image. Moreover, 1.3 billions dollars is not small

[Bitgarden@29]

due to problem with SEC in America.

SEC issues already killed the XRP platform .

[Bitgarden@29]

As I said, they're being sued for 1.3 billion dollars. There won't be a quick rebound from this.

It seems that XRP is working hard to restore their image. Moreover, 1.3 billions dollars is not small

Many exchanges are halted ripple transactions and trading which Making ripple more miser.

[hair]

Many exchanges are halted ripple transactions and trading which Making ripple more miser.

Sadly, this will keep the ripple price more drop

[yurez1981]

XRP continues to fall on bad news from Coinbase.
Coinbase will suspend trading in XRP on January 19.
"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. Trading will move into limit only starting December 28, 2020 at 2:30 PM PST, and will be fully suspended on Tuesday, January 19, 2021 at 10 a.m. "
https://blog.coinbase.com/coinbase-will-suspend-trading-in-xrp-on-january-19-2e09652dbf57

[Faust]

Where XRP's bottom is, is almost impossible to say given the circumstances. Not only is the suit a threat, but the biggest threat here is also the number of exchanges that are suspending trading and removing XRP. Whether you like the project or not has no bearing here. Remove emotions. Look at it objectively. What this has done is sow doubt in people's minds and severely impacted their trust in the coin. This can fall into other coins in the process too but is for now contained to XRP.

I could see the bottom being in and will be watching carefully, but breaking recent highs I think is a long shot for a very long time. 0.30c range however is a fairly safe bet imo.

[Bitgarden@29]

Many exchanges are halted ripple transactions and trading which Making ripple more miser.

Sadly, this will keep the ripple price more drop

All cryptocurrencies price halving continuing but XRP Ripple price continuously deceasing.