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Ripple On Bearish Momentum: 18.48% Down In The Last 6 Hours

Via News Editorial Team

December 25, 2020

Ripple On Bearish Momentum: 18.48% Down In The Last 6 Hours

Ripple is currently on bearish momentum. At 13:05 EST on Fri 25 Dec, Ripple is at $0.31 and down by 18.48% in the last 6 hours.

Ripple Range

Over the last six hours, Ripple's higher value was $0.38 and the lower value was $0.30.

Over the last twelve hours, Ripple's higher value was $0.38 and the lower value was $0.30.

Concerning Ripple's daily highs and lows, it's 18.423% up from its trailing 24-hour low of $0.26 and 18.974% down from its trailing 24-hour high of $0.38.

Concerning Ripple's yearly highs and lows, it's 167.507% up from its 52-week low and 59.909% 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 Inc. said it will defend itself against a lawsuit from the Securities and Exchange Commission that claims the company violated investor-protection laws when it sold a bitcoin-like digital asset called XRP.", "Ripple said it was informed by the commission on Monday that regulators soon plan to sue the company, Chief Executive Brad Garlinghouse and co-founder Chris Larsen in federal civil court. "

Cryptocurrency firm ripple expects to be sued by the sec; XRP plunges. According to CNBC on Tue Dec 22, "According to Ripple, the SEC plans to argue XRP is a security and that Ripple violated U.S. laws by not registering the token with the SEC before listing it.", "Ripple maintains that XRP - like bitcoin - should be classified as a currency and doesn't have to be registered as an investment contract. "

Ripple says it faces SEC lawsuit as cryptocurrency XRP drops. According to Bloomberg Quint on Tue Dec 22, "Ripple earlier this year also failed to persuade a judge to throw out a proposed class-action lawsuit accusing the company of selling unregistered securities.", "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 labs, executives sued by SEC for failing to register XRP. According to Bloomberg Quint on Tue Dec 22, "Ripple co-founder Christian Larsen and Chief Executive Officer Bradley Garlinghouse "created an information vacuum" that allowed them to sell XRP into a market that only had information they chose to share, the SEC said in a lawsuit filed Tuesday in New York. ", ""Ripple used this money to fund its operations without disclosing how it was doing so, or the full extent of its payments to others to assist in its efforts to develop a 'use' for XRP and maintain XRP secondary trading markets.""

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, "Ripple had begun its campaign against the SEC suit before it was even filed. ", "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, "Not only is Ripple in "hot water" and unlikely to beat the SEC's lawsuit, but XRP may become more difficult to trade and transact in should U.S. marketplaces be unwilling to list it, according to a Bloomberg Intelligence report.", "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

 michael saylor, the CEO who turned a software company into a Bitcoin company. According to Bloomberg Quint on Thu Dec 24, "Then, as Bitcoin ran up, it bought more, and the stock has now soared thanks to the bet. ", "This past summer, the business intelligence software company MicroStrategy made waves when it put some of its extra cash into Bitcoin. "

Bitcoin rally has already outlasted 2017 run. According to The Wall Street Journal on Thu Dec 24, "Bitcoin bulls say the money fueling this year's rally is coming from more reliable sources than past rallies. "

Bitcoin crushes doubters as 224% rally proves it’s here to stay. According to Bloomberg Quint on Thu Dec 24, "Like Monty Python's Black Knight, Bitcoin believers treat near-fatal volatility as mere flesh wounds. ", "Since Bitcoin's market capitalization reached $1 billion in March 2013, there have been two cycles of spikes to record highs, followed by drawdowns of more than 80%. "

Luxxfolio to acquire 590 Bitcoin miners. According to Business Insider on Thu Dec 24,

Bitcoin surges to fresh record high and looks set to break the $25,000 level: 'merry bitmas'. According to Business Insider on Fri Dec 25, "However, Bitcoin investors - known for their unquenchable optimism - think this is just the start.", "Bitcoin's market cap could reach $1 trillion sometime in 2021, according to Garrick Hileman, head of research at Blockchain.com, if investors take its reserve currency status more seriously."