Crypto.com to Delist, Suspend XRP in the US After SEC’s Ripple Suit
The announcement came hours after Coinbase and OKCoin took similar actions.
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The SEC's suit against Ripple has triggered a steep sell-off in price for the payments token XRP. Meanwhile, prices for Chainlink's token have increased sevenfold this year, most among CoinDesk 20.
XRP price hit new monthly lows after Coinbase revealed it will delist the token in January. XRP price dropped by 30% on Dec. 29 following Coinbase’s decision to suspend trading. The market sentiment around XRP has become overwhelmingly negative due to the fear of more exchange delistings.In the near term, XRP faces three key historical support levels at $0.224, $0.1743 and $0.1471. Where will the XRP price go next?The ongoing price trend of XRP is not cyclical nor reliant on technical analysis. It is due to investors selling XRP following the suspension of trading across major....
Coinbase said it will suspend trading of XRP, the cryptocurrency at the heart of an SEC lawsuit against Ripple Labs.
Ripple issued a statement on Tuesday urging market participants to hear its side of the story amid the ongoing SEC saga. With XRP plunging in value following a wave of exchange delistings and trading suspensions, Ripple Labs issued a statement Tuesday vowing to respond to the United States Securities and Exchange Commission’s allegations against the company. The statement opens with the following message:“The public and press have only heard the story from the SEC’s side, and we’ll be filing our response in a few weeks to address these unproven allegations against Ripple.”The statement....
Ripple’s lawyers will dig through the SEC's internal discussion on crypto for mention of XRP. Ripple Labs has been granted access to U.S. Securities and Exchange Commission documents “expressing the agency’s interpretation or views” on the subject of crypto assets.According to Law360, U.S. Magistrate Judge Sarah Netburn granted the defendants’ motion “in large part,” determining that SEC minutes or memos concerning crypto are likely discoverable. Netburn asserted staff-to-staff email communications do not need to be produced.Netburn also allowed for the SEC and Ripple to raise disputes....