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29 March 2024
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Ripple (XRP) Community Seems to be Fighting Market Manipulation by the SEC


Monica Long, GM of RippleX for Ripple stated, Q4 was eventful for XRP Markets. Major banks like DBS and Standard Chartered Ventures integrated XRP into their crypto offerings. SEC lawsuit stripped XRP markets of at least $15B in value not accounting for the larger crypto rally.

Further stated, as with previous quarters, Ripple continued to focus solely on OTC sales and short-term leases as part of providing XRP liquidity to certain ODL customers in Q4. For well over a year, we haven’t sold XRP programmatically.

One of the XRP users stated, XRP has the best use case. Further stated that it sounds like the US feels threatened and is just slowing the process down.   When taking about the negative opinions about XRP some of them stated that they are standing strong with XRP. Many of them have to state that the SEC news is a joke and that SEC should protect investors and not destroy them.

Some investors feel that every exchange that halted XRP should enable trading ASAP.  Some of them feel that we need to prove that XRP is not a security to save the millions of small investor money.

Some of them even went over broad asking Brad if he knew any lobbyists who influences legislators to work with Ripple in a way to make changes to the outdated laws.

The current support situation according to an onlooker is in hyper drive right now. Many have wished the XRP and the team all the best as they forge ahead as they continue to keep fighting the good fight.

Some of them feel that SEC should be held accountable for their role in manipulating the market and that market manipulation is a crime. A lot of investors were hurt and chased out of the market over this lawsuit.

It just looks like the XRP community has been fighting the SEC news manipulation for quite some time now.

Ripple (XRP) Utility Coin

Some of the users wished that it would be good if there was a utility coin to move funds faster. While several community members have different opinions about the current situation, there are some new investors or those who have no real knowledge about the economic system, just hoping that things will get well. Some of them are of the hope that a settlement will happen by the end of the first quarter.  Whatever the opinion the different people have, the only option they have now is to sit patiently and watch what is happening.

 

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