Critical news against\u00a0Ripple\u00a0continues to come one by one. Most recently,\u00a0Coinbase\u00a0announced that it has suspended all transactions of\u00a0XRP\u00a0on the cryptocurrency exchange.\r\n\r\nThings didn\u2019t work out for\u00a0XRP\u00a0after the\u00a0US Securities and Exchange Commission (SEC)\u00a0accused\u00a0Ripple\u00a0of selling unregistered securities. Many reputable cryptocurrency exchanges have published news of stopping or suspending transactions. The reputable exchange Coinbase was recently included in the list of these exchanges. According to the announcement of\u00a0Coinbase, some\u00a0XRP\u00a0trades are already restricted, and the full suspension will begin on\u00a0January 19, 2021.\r\n\r\nOnce the suspension is in place, people\u00a0will no longer be able to trade XRP on Coinbase. But, they will have no problem being able to deposit and withdraw funds from their XRP wallet through the Coinbase wallet.\r\n\r\nCoinbase\u00a0joins the list of cryptocurrency exchanges that have suspended XRP trading after\u00a0Bitstamp, Beaxy, CrossTower, OKCoin, and OSL. Coinbase has attracted a lot of attention as being the highest-profile exchange to suspend XRP. Despite the headlines, XRP is still traded on\u00a0Binance, Kraken, and Huobi.\r\n\r\n \r\n\r\nGiven the SEC\u2019s recent action against Ripple, all XRP books have been moved to limit only and Coinbase plans to fully suspend trading in XRP on Tuesday, January 19, 2021, at 10 AM PST. Afterwards, users will continue to retain access to their XRP funds. https:\/\/t.co\/izreZvgHNl\r\n\u2014 Coinbase (@coinbase) December 28, 2020\r\n\r\nSince the Lawsuit, Things Haven\u2019t Been Going Well\r\nThe SEC filed a lawsuit against\u00a0Ripple\u00a0and its\u00a0CEO, Brad Garlinghouse, and\u00a0co-founder Chris Larsen\u00a0for selling $ 1.3 billion of unrecorded securities through\u00a0XRP. According to the SEC filing, they\u00a0\u201cabetted Ripple\u2019s violations.\u201d\u00a0Ripple CEO Brad Garlinghouse denied the allegations.\u00a0\u201cThe SEC is fundamentally wrong as a matter of law and fact,\u201d\u00a0he said in a prepared statement. Brad Garlinghouse claims that\u00a0XRP is a currency, not an investment contract.\u00a0Therefore, Ripple shouldn\u2019t have to register with the SEC before selling the XRP. Shortly after the news, an extensive list of crypto exchanges stopped listing the XRP token. Ripple makes seasonal sales with 55 billion XRP in its escrow wallets to keep the price of XRP afloat.\r\nXRP Price Dropped Sharply With Coinbase\u2019s Announcement\r\nThe SEC case put negative pressure on the\u00a0XRP\u00a0price performance. The Coinbase news then dropped prices even lower. The fourth cryptocurrency by market cap fell from $ 0.30 to $ 0.224 in a short time. XRP, which lost more than 25 % in value, is currently trading around $ 0.21. The SEC\u2019s lawsuit against Ripple caused the price of XRP to\u00a0drop by nearly 52 %. It seems that losing the support of major exchanges like\u00a0Coinbase\u00a0may not be good for Ripple in the short term.