XRP
Why XRP is down 1.9% today
Analysis
XRP fell about 1.9% over the past 24 hours as traders reacted to renewed regulatory overhang headlines around Ripple’s SEC case. CoinDesk reported that Ripple’s CEO said the company once considered shutting down and distributing XRP to shareholders, a disclosure that can heighten uncertainty about the firm’s past contingency planning and the lawsuit’s impact.
Contributing Factors (3)
Ripple Considered Shutting Down After the XRP Lawsuit, CEO Reveals
Ripple came close to shutting down rather than fighting the SEC, CEO Brad Garlinghouse revealed. He described the decision he and co-founder Chris Larsen faced after the agency sued the company in 202...
Ripple once weighed shutting down and handing XRP to shareholders, CEO says
Ripple's Brad Garlinghouse says he and co-founder Chris Larsen considered winding the company down and handing its XRP to shareholders before deciding to fight the 2020 lawsuit.
XRP Finally Back, Shiba Inu (SHIB) Up With 263 Billion Surge, Does Bitcoin (BTC) Need This Level? Crypto Market Review
The market is seeing some hope as multiple assets enter recovery channels.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.