Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$93,189.00
5.61%$1,790.12
13.04%$2.23
7.21%$614.33
2.37%$150.22
8.07%$0.999903
-0.00%$0.183235
13.89%$0.691733
10.87%$0.24792
0.50%$1,789.34
13.09%$93,183.00
5.71%$22.57
13.49%$14.46
10.54%$2.84
27.35%$9.13
-0.31%$0.266508
7.85%$0.00001379
11.23%$3.14
7.37%$0.182307
6.68%$2,142.79
13.00%$0.999882
-0.01%$356.64
3.50%$84.58
7.19%$18.96
1.89%$4.08
9.23%$4.65
4.48%$1.00
0.03%$1,785.28
12.98%$0.999799
0.02%$0.652468
3.03%$225.17
4.43%$28.44
0.49%$1,903.79
13.06%$0.00000912
14.49%$93,203.00
5.66%$5.95
12.95%$5.28
9.08%$52.44
3.01%$2.45
12.64%$24.00
3.94%$0.931548
8.13%$337.83
6.68%$5.19
9.65%$32.80
0.06%$16.93
9.28%$0.097516
8.22%$0.091745
11.74%$1.048
0.02%$1.00
0.00%$162.66
12.86%$4.59
5.26%$0.703027
6.66%$0.02596199
10.71%$1.17
0.12%$4.36
7.96%$0.221205
7.48%$92,903.00
5.55%$0.342238
18.64%$9.42
12.27%$0.213714
11.71%$4.23
-0.00%$2.73
6.38%$2.82
10.02%$0.637846
9.02%$0.518478
12.30%$0.997939
-0.00%$0.329301
10.64%$4.11
5.15%$92,899.00
5.45%$10.35
5.39%$0.449021
11.31%$0.756675
8.19%$1,492.21
10.85%$156.64
7.74%$0.810408
7.46%$0.00001589
26.89%$0.077588
8.42%$0.644773
37.58%$1.16
16.65%$0.863798
11.77%$1,790.60
13.08%$1.073
3.82%$0.01672083
3.71%$1,859.98
12.94%$0.678167
6.57%$3.81
4.67%$70.29
5.43%$0.193829
9.99%$9.46
10.98%$0.999605
-0.06%$0.688925
15.86%$15.70
7.70%$1.00
0.02%$0.091084
9.64%$2,010.39
12.82%$0.999952
-0.01%$3,369.17
-4.20%$1.00
0.04%$614.35
2.38%$91,587.00
5.68%$3,370.07
-3.98%$2.72
16.82%$0.01618799
14.20%$0.01715784
7.70%$193.02
8.05%$93,134.00
5.76%$165.75
8.06%$0.297866
9.42%$0.804123
13.58%$0.190473
12.61%$1,902.90
13.13%$3.83
10.40%$0.694385
10.89%$0.118293
5.83%$0.676084
4.07%$0.998002
0.01%$0.00006856
18.03%$0.505356
23.03%$0.00000064
5.14%$0.999396
-0.01%$93,200.00
5.79%$0.396024
6.15%$0.01858912
8.69%$30.99
6.56%$2.06
4.26%$1.11
1.90%$1.87
10.62%$0.242455
7.32%$0.311663
3.00%$0.00619162
11.64%$0.544112
7.16%$3.50
7.18%$1,867.98
12.94%$0.154654
9.26%$16.93
13.46%$0.553225
28.97%$33.54
8.35%$0.551576
5.22%$0.566242
28.37%$0.205122
122.17%$0.770741
33.93%$0.00883707
5.97%$0.999526
0.09%$0.64461
9.55%$0.444873
8.07%$89,497.00
3.36%$0.067151
-2.19%$1.71
7.49%$93,267.00
5.78%$0.18306
13.72%$1.32
7.63%$0.999904
-0.00%$0.04598179
31.66%$0.999903
-0.01%$88,321.00
0.00%$1,843.37
11.40%$0.00704193
39.53%$0.00002212
6.88%$15.49
10.24%$1,784.18
12.93%$2.07
3.67%$0.147485
8.43%$0.00000043
1.27%$110.78
0.01%$93,064.00
5.71%$6.42
14.83%$5.96
8.64%$3.81
8.55%$1.01
1.11%$1.084
-0.00%$0.508806
9.13%$2.52
10.96%$0.077501
7.91%$0.337304
19.54%$0.04073627
9.74%$0.482582
21.10%$43.32
9.28%$1,789.05
12.93%$0.222282
8.25%$1,790.14
13.01%$0.082919
6.40%$1,904.31
13.06%$0.00719906
11.72%$1,789.75
13.03%$0.999459
-0.03%$1.00
-0.00%$0.577839
10.82%$21.81
-0.20%$0.175738
3.65%$0.00418005
2.23%$0.841783
8.77%$1.002
0.43%$0.357442
35.14%$0.0000637
5.45%$0.01739594
1.35%$0.124161
3.77%$1,824.63
13.49%$1.002
0.52%$0.999904
0.02%$0.03185285
1.90%$0.328852
7.89%$2.74
12.55%$93,108.00
5.68%$3.73
8.26%$0.00000146
15.21%$114.43
9.71%$0.657144
19.37%$0.999843
-0.01%$0.141368
0.99%$0.237217
8.93%$1.17
5.25%$0.639964
12.23%$26.04
6.18%$1,765.68
12.93%$0.284762
26.62%$92,043.00
3.72%$0.999069
-0.06%$0.663478
-8.53%$0.273945
4.88%$22.40
7.30%$0.00044992
7.38%$0.00389513
69.73%$3,187.04
0.00%$1,892.89
13.11%$2.79
1.99%$0.188584
8.36%$1,789.35
12.95%$0.113161
6.65%$22.60
13.68%$0.513693
7.07%$0.00287865
12.15%$0.03690672
3.64%$1,871.81
5.68%$0.01276848
8.09%$0.445614
7.22%$0.02956415
6.61%$0.952252
14.95%$15.14
8.63%$1.038
11.92%$0.72825
9.39%$0.00
13.38%$1,959.73
13.04%$1.00
0.05%$0.999549
-0.07%$0.236031
18.08%$2.23
5.19%$1,941.20
12.97%$93,141.00
6.05%The price of XRP has fallen to $0.26. This marks a decline of 42% in the past day, according to data from CoinMarketCap.
XRP's price started to crash on Monday, when Ripple Labs, the company linked to XRP, announced that the US Securities and Exchange Commission was about to slap it with a lawsuit.
Then fell even further yesterday after the SEC officially announced the lawsuit.
The suit alleges that Ripple has raised $1.3 billion worth of XRP in unregistered securities sales since 2013—and continues to do so. Ripple has long maintained a huge amount of XRP in escrow wallets, which it sells periodically to manipulate the supply of XRP in circulation, a little like a central bank. The SEC alleges that such activities are illegal. The suit also named Ripple's co-founder Christian Larsen and incumbent CEO Brad Garlinghouse as defendants.
The price of XRP had settled at about $0.3 this afternoon but fell a further four cents this evening to its current price of $0.26.
Since the SEC announced the charges, three exchanges have since stopped trading the cryptocurrency and Bitwise has liquidated all XRP from its fund. The Block reported today that two of the largest crypto trading desks, Jump Trading and Galaxy Digital, will no longer act as market makers for the coin.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.