Ripple On Bearish Momentum: 21.07% Down In The Last 6 Hours

Fibo Quantum

Ripple is currently on bearish momentum. At 14:06 EST on Fri 25 Dec, Ripple is at $0.31 and down by 21.07% 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 20.5% up from its trailing 24-hour low of $0.26 and 17.553% down from its trailing 24-hour high of $0.38.

Concerning Ripple’s yearly highs and lows, it’s 172.198% up from its 52-week low and 59.206% 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, “The fresh scrutiny over Ripple comes days after the Treasury Department proposed a new bitcoin disclosure rule aimed at closing money-laundering regulatory gaps. “, “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.”, “Whether Ripple is a security has been at the center of debate within the sector since the SEC comments.”

Ripple labs, executives sued by SEC for failing to register XRP. According to Bloomberg Quint on Tue Dec 22, “On Monday, the CEO disclosed that the regulators had “inexplicably decided to sue Ripple” but he didn’t specify the nature of the allegations. “, “Ripple Labs Inc., 20-cv-10832, U.S. District Court, Southern District of New York.”

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, “Blockchain company Ripple has been running a $1.3 billion unregistered offering, akin to an unlicensed stock sale, according to a complaint filed Tuesday by the US Securities and Exchange Commission.”, “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, “San Fransisco-based Ripple has denied the allegations. “, “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.”

News about Bitcoin

 michael saylor, the CEO who turned a software company into a Bitcoin company. According to Bloomberg Quint on Thu Dec 24, “We speak with MicroStrategy’s CEO, Michael Saylor, on why he thinks Bitcoin is the best reserve asset for any company.”, “Then, as Bitcoin ran up, it bought more, and the stock has now soared thanks to the bet. “

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, “But to bet against Bitcoin recovering from the next crash is to bet against experience. “, “Like Monty Python’s Black Knight, Bitcoin believers treat near-fatal volatility as mere flesh wounds. “

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, “Bitcoin is soaring once again, hitting a new record price of $24,661 on Friday, with investors declaring “Happy Bitmas,” on social media.”, “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.”

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