{"id":452851,"date":"2020-12-22T12:36:07","date_gmt":"2020-12-22T12:36:07","guid":{"rendered":"https:\/\/wncen.com\/?p=452851"},"modified":"2020-12-22T12:36:07","modified_gmt":"2020-12-22T12:36:07","slug":"ripples-xrp-slides-13-on-sec-lawsuit-worries-whats-next","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/ripples-xrp-slides-13-on-sec-lawsuit-worries-whats-next\/","title":{"rendered":"Ripple’s XRP Slides 13% on SEC Lawsuit Worries; What’s Next?"},"content":{"rendered":"
Ripple was among the major losers this week as its native cryptocurrency, XRP, fell by roughly 13 percent.<\/p>\n
XRP\/USD dropped to $0.44 during the early European session. Its move downhill took cues from two fundamentals. The first one was a wider correction trend across the cryptocurrency market that saw other top coins, including Bitcoin and Ethereum, in a similar downward trajectory.<\/p>\n
The second fundamental was Ripple’s potential of facing a potential lawsuit from the US Securities and Exchange Commission over its XRP sales. Traders perceived the news as their cue to dump their XRP holdings while correcting lower from its year-to-date top of $0.79.<\/p>\n