Ripple is currently on bearish momentum. At 18:07 EST on Wed 23 Dec, Ripple is at $0.26 and down by 23.71% in the last 6 hours.
Over the last six hours, Ripple’s higher value was $0.32 and the lower value was $0.26.
Over the last twelve hours, Ripple’s higher value was $0.36 and the lower value was $0.26.
Concerning Ripple’s daily highs and lows, it’s 1.231% down from its trailing 24-hour low of $0.26 and 42.933% down from its trailing 24-hour high of $0.45.
Concerning Ripple’s yearly highs and lows, it’s 123.11% up from its 52-week low and 66.563% 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 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. ", "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 maintains that XRP – like bitcoin – should be classified as a currency and doesn’t have to be registered as an investment contract. ", "Ripple has threatened move its headquarters outside of the U.S. over the issue, with London, Switzerland, Singapore, Japan and the United Arab Emirates tipped as potential locations."
Ripple says it faces SEC lawsuit as cryptocurrency XRP drops. According to Bloomberg Quint on Tue Dec 22, "The U.S. regulator has "inexplicably decided to sue Ripple," the firm’s Chief Executive Officer Brad Garlinghouse said in an emailed statement. ", "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 Labs Inc. and its top executives were accused by the U.S. Securities and Exchange Commission of misleading investors in XRP, the world’s third-largest cryptocurrency, by selling more than $1 billion of the virtual tokens without registering with the agency.", "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, ""Here, we allege that Ripple and its executives failed over a period of years to satisfy these core investor protection provisions, and as a result investors lacked information to which they were entitled," said Marc P. Berger, deputy director of the SEC’s Enforcement Division.", "Ripple violated federal securities laws by not registering XRP as a security, which would require greater disclosure, giving investors a more complete background as they value it, the SEC said."
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
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."