XRP plummeted in the US SEC lawsuit, bitcoin temporarily recovered to $24000

When bitcoin and Ethereum rebounded, XRP (ripple) fell sharply on the 22nd and 23rd. It was sold to $0.4056, down 15% from the day before. The top charts have collapsed, and the situation is grim. XRP / USD weekly (bitlinex) XRP rose sharply in late November due to speculation about XRP holders’ use of spark tokens and the consequences of the bitcoin surge. However, since the 12th of the attribution date, XRP has been inclined to a sales advantage due to the reaction of material explosion and exhaustion. Behind the sharp decline is the trend of the US Securities and Exchange Commission (SEC), as well as the depreciation caused by the sharp fall of bitcoin on the 21st. On the 23rd, the SEC filed a lawsuit against Chris Larsen, CEO and co-founder of ripple, garringhouse, in connection with the issuance of securities. The securities and Exchange Commission pointed out that since 2013, it has sold XRP (ripple), an encryption asset not registered as securities in the United States, for seven years, raising more than $130 million. It may affect the processing policy of domestic virtual currency exchange. Meanwhile, XRP’s status under U.S. Securities Law has been disputed for several years, with the former chairman of the Commodity Futures Trading Commission (CFTC) saying that XRP is “a currency or a means of exchange, not a security.”. There are also divergent opinions among experts, such as the “should do” view. Despite the optimism, some sales are wary of future uncertainty. The market is paying close attention to future work. Bitcoin 23 the price of bitcoin (BTC) rose 3.4% to $23630 from the previous trading day. The market price on the 22nd day rebounded sharply when it stopped falling to $22400 after a sharp drop of $2000, which is the support line for lower prices. As the recent price trend strengthened the downward space, it temporarily returned to the level of $24000, which led to short covering.

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