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Ripple On Bearish Momentum: 9.37% Down In The Last 6 Hours

Via News Editorial Team

December 23, 2020

Ripple On Bearish Momentum: 9.37% Down In The Last 6 Hours

Ripple is currently on bearish momentum. At 05:03 EST on Wed 23 Dec, Ripple is at $0.35 and down by 9.37% in the last 6 hours.

Ripple Range

Over the last six hours, Ripple's higher value was $0.38 and the lower value was $0.35.

Over the last twelve hours, Ripple's higher value was $0.45 and the lower value was $0.35.

Concerning Ripple's daily highs and lows, it's 0.057% up from its trailing 24-hour low of $0.35 and 28.531% down from its trailing 24-hour high of $0.49.

Regarding Ripple's yearly highs and lows, it's 204.257% up from its 52-week low and 54.401% 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.", "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, "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.", "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, "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 earlier this year also failed to persuade a judge to throw out a proposed class-action lawsuit accusing the company of selling unregistered securities."

Ripple labs, executives sued by SEC for failing to register XRP. According to Bloomberg Quint on Tue Dec 22, ""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."", "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."

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."