Ripple On Bearish Momentum: 7.97% Down In The Last 6 Hours

Ripple is currently on bearish momentum. At 15:03 EST on Wed 23 Dec, Ripple is at $0.31 and down by 7.97% in the last 6 hours.

Ripple Range

Over the last six hours, Ripple’s higher value was $0.34 and the lower value was $0.30.

Over the last twelve hours, Ripple’s higher value was $0.36 and the lower value was $0.30.

In relation to Ripple’s daily highs and lows, it’s 4.533% up from its trailing 24-hour low of $0.30 and 31.826% down from its trailing 24-hour high of $0.46.

Concerning Ripple’s yearly highs and lows, it’s 172.459% up from its 52-week low and 59.167% down from its 52-week high.

Last news about Ripple

Ripple to face SEC suit over XRP cryptocurrency. According to The Wall Street Journal on Tue Dec 22, “Ripple had a $10 billion valuation in its most recent funding round in 2019, and XRP is the third-largest cryptocurrency by market value.”, “None of those companies, though, was as big as Ripple and XRP. “

Cryptocurrency firm ripple expects to be sued by the sec; XRP plunges. According to CNBC on Tue Dec 22, “Ripple, the fintech company best known for cryptocurrency XRP, has said it expects to be sued by the Securities and Exchange Commission over allegations that it violated investor protection laws.”, “Though it claims to be independent of the cryptocurrency, Ripple owns 55 billion of the total 100 billion XRP tokens in existence. “

Ripple says it faces SEC lawsuit as cryptocurrency XRP drops. According to Bloomberg Quint on Tue Dec 22, “XRP, the world’s third-largest cryptocurrency, slumped after Ripple Labs Inc. said it faces a U.S. Securities and Exchange Commission lawsuit over its affiliated token.”, “Ripple will challenge the suit in the courts “to get clear rules of the road for the entire industry in the U.S.,” he added.”

Ripple labs, executives sued by SEC for failing to register XRP. According to Bloomberg Quint on Tue Dec 22, “Ripple will challenge the suit in the courts “to get clear rules of the road for the entire industry in the U.S.,” Garlinghouse said.”, “On Monday, the CEO disclosed that the regulators had “inexplicably decided to sue Ripple” but he didn’t specify the nature of the allegations. “

US regulator charges ripple over its XRP asset, saying it’s a $1.3 billion unregistered offering, not a cryptocurrency. According to Business Insider on Wed Dec 23, “”To be clear, this is all based on their illogical claim that XRP is, in their view, somehow the functional equivalent of a share of stock,” Garlinghouse wrote on Ripple’s company blog.”, “Two of Ripple’s lawyers on Tuesday said the SEC’s suit was without merit.”

High-flying crypto fund dumps XRP with ripple in SEC ‘hot water’. According to Bloomberg Quint on Wed Dec 23, “”Ripple also risks a court ruling that XRP is a security, which would subject it to stricter SEC rules that may curb transactions as U.S. virtual marketplaces may be reluctant to list XRP due to the risk of facilitating the sale of a potentially unregistered security.””, “Unlike Bitcoin or Ether — which the SEC considers currencies and are decentralized — XRP’s value was mainly linked to Ripple products, with the firm attempting to influence supply and demand for the token, the analysts wrote.”

News about Bitcoin

Elon Musk inquired on twitter about ‘large’ Bitcoin transactions after a crypto booster suggested he convert Tesla’s balance sheet. According to Business Insider on Mon Dec 21, “Before the exchange with Saylor, he tweeted “Bitcoin is my safe word,” but then followed up by saying, “Just kidding, who needs a safe word anyway!?””, “Following the Saylor conversation, Musk tweeted: “Bitcoin is almost as bs as fiat money,” and then suggested to his followers he’s a fan of Dogecoin, a parody cryptocurrency.”