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SEC’s lawsuit cut down the number of XRP exchanges, but will things change? 

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XRP has had arguably the hardest time among top cryptos due to the Securities and Exchange Commission’s (SEC) lawsuit against Ripple Labs a few years ago. In fact, since the lawsuit was filed, there has been a fall in the number of XRP exchanges around the world too.

Read Ripple’s [XRP] Price Prediction 2023-24

Soon after the lawsuit was filed in 2020, the number of XRP exchanges saw a significant decline. Several exchanges, including big shots like Coinbase, Crypto.com, and OKCoin, announced that they would suspend trading XRP on their platforms. The delisting definitely had a negative impact on the token’s global reach as these exchanges are very popular worldwide.

In its official announcement, Coinbase mentioned, “In light of the SEC’s lawsuit against Ripple Labs, Inc, we have made the decision to suspend the XRP trading pairs on our platform. Trading will move into limit only starting December 28, 2020 at 2:30 PM PST, and will be fully suspended on Tuesday, January 19, 2021 at 10 a.m. Pacific Standard Time.”

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However, trading suspension did not affect customers’ access to XRP wallets, which remained available for deposit and withdrawal functionality after the trading suspension.

However, it is interesting to note that as the years passed, a few of the exchanges such as Crypto.com re-listed XRP, giving their users access to trade the token. The year 2023 can turn out to be instrumental for XRP, especially since many believe the lawsuit is reaching its endgame soon. If XRP manages to win the case, the probability of exchanges re-listing XRP are high. This can, in turn, shower blessings on the token’s price action.

The SEC’s litigation against Ripple Labs, which has been affecting XRP since 2020, has been a significant setback for the company and its native token. To begin with, the SEC charged Ripple and its employees, Christian Larsen and Brad Garlinghouse, with public sales of unregulated securities worth more than $1.3 billion.

The lawsuit undoubtedly hurt XRP since it may have caused investors to lose faith in the token. The lawsuit caused XRP’s price to decline sharply, as is evident from the chart. However, the token was quick to recover as it registered gains in the following days. Nonetheless, the fact that negative sentiment around XRP spiked during that period can’t be overruled.

Source: Santiment

Ripple CEO Brad Garlinghouse, in a recent interview with CNBC, cited that the company will have spent $200 million defending itself against a lawsuit from the U.S. Securities and Exchange Commission by the time it is over in 2023.

This can be a game changer for Ripple, as speculations have emerged of late that the lawsuit can end soon. If the judgment is passed in Ripple’s favor, several exchanges might re-list XRP once again. This might be enough to create hype and pump the token’s price over the subsequent months.

#XRP #XRPCommunity
Hoping Judge Torres rules any day now or a settlement is announced, but in the meantime i have set myself imagined timelines for the case to end. From my list in March only 2 remain. I have removed May 29th as that is Memorial day. So June 5th and June 21st…… https://t.co/UUrjf3lcKS

— Ashley PROSPER (@AshleyPROSPER1) May 1, 2023

XRP’s performance has not been on par for quite some time now. Its development activity plummeted, which in general is a negative sign. XRP’s performance on the social front is also not up to the mark, as evident from a decline in its social volume.

Source: Santiment

At press time, according to CoinMarketCap, XRP was down by more than 7% in the last seven days. In fact, it was trading at $0.4245 with a market capitalization of over 22 billion, making it the 6th largest crypto by market cap.

Though XRP’s demand in the derivatives market remained pretty stable, it tumbled during the concluding weeks of April. The same can be evidenced by its red Binance funding rate. XRP’s network growth and velocity also declined over the last 3 months.

The decline indicated that fewer new wallets were created and the token was not transferred among wallets at a higher rate. Nonetheless, investors’ confidence in XRP remained unaffected as the total amount of holders increased.

Source: Santiment

According to Coinglass, after a decline on 7 May, XRP’s long/short ratio registered a hike. A greater long/short ratio indicates that more long positions are being held relative to short positions. This may be due to volatility, making short sales riskier investments, or because investors are unsure how new short sale regulations will affect the market.

Source: Coinglass

In addition to that, XRP’s open interest is also falling. Declining open interest usually suggests that the market is liquidating, indicating that the on-going price trend is coming to an end. This seemed bullish for XRP as at press time, its price action was negative, precipitating the likelihood of a trend reversal.

Source: Coinglass

How much are 1,10,100 XRPs worth today

Though the open interest looked bullish, the actual trend reversal might happen over the coming days and not immediately. This possibility was suggested by most of the market indicators.

For instance, XRP’s Relative Strength Index (RSI) was down and heading towards the oversold zone. The Money Flow Index (MFI) was also below the neutral zone, which was bearish. As per the Exponential Moving Average (EMA) Ribbon, the bulls and the bears were engaged in a fight. Which of the two turns out to be victorious is a question only time can answer.

Source: TradingView

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  • 14.10.25 08:46 robertalfred175

    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 14.10.25 08:46 robertalfred175

    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 18:07 crypto

    Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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