Following the\u00a0lawsuit by the SEC,\u00a0XRP\u00a0having nightmares. There are so many things that affect XRP negatively. The future of XRP is still unknown.\r\n\r\nXRP was booming with the rest of the cryptocurrencies in late November and early December. The price of XRP more than doubled and reached\u00a0$0.77. It stayed above\u00a0$0.6\u00a0for a couple of weeks before hit by the lawsuit. After the suit by SEC, XRP went back to lower than the pre-boom period price of\u00a0$0.22\u00a0in just a couple of days.\u00a0\r\nAdditional Headache for XRP\r\nAlso, other companies joined the lawsuit against Ripple. According to Bloomberg,\u00a0Tetragon Financial Group Ltd.\u00a0filed a complaint in Delaware Chancery Court asking Ripple to redeem its securities. They said that they try to \u201cenforce its contractual right to require Ripple to redeem\u201d Series C preferred stock held by the company. According to the official statement made by Ripple, they had no merit to claim their Ripple equity they can redeem only \u201cif XRP is deemed to be a security on a go-forward basis.\u201d\r\n\r\n\r\n\r\n\r\n\r\nIn December, XRP surpassed the market capitalization of\u00a0USDT\u00a0and move up to become\u00a03rd\u00a0crypto to market cap. However, the latest price drop resulted in a significant fall in the market cap. Initially, XRP gave its place back to USDT, and recently it went down Litecoin. With the\u00a010 billion\u00a0market cap, it is in\u00a05th place. Just in one month, the market capitalization went up to\u00a030 billion\u00a0and went down to\u00a010 billion.\r\n\r\n\r\nGrayscale to Sell XPR holdings\r\nGrayscale published a press release to declare that they sold all XRP funds. Before the sale of funds, 1.46% of the funds of Grayscale was XRP. The selloff was highly motivated by the lawsuit of the SEC. They mentioned that they use proceeds to buy more other cryptocurrencies such as Bitcoin and Ethereum, proportionate to their weightings.\r\nSurprise Whale in XRP\r\nAccording to the Whale Alert, Jed McCaleb is one of the whales in XRP. In September 2019, Ripple transferred 100 million of XRP to the wallet of McCaleb. They said that it was due to the negotiation between McCaleb and the Ripple. Whale Alert determined many transactions with McCaleb during 2014-2019 and\u00a01.05 billion XRP\u00a0sold from the address of McCaleb. They find out that a significant amount of XRP he sent back to the Ripple. Although he was active selling XRP, this did not affect price significantly because it was little amount if we compare with total sales. In 2020, he sold more than\u00a0$400 million\u00a0worth of XRP.\u00a0\r\n\r\n\r\n\r\nThe black clouds are over the head of Ripple. Everyone waits for the result of a lawsuit because it can significantly affect the future of Ripple.\r\n\r\n#coinsfera #cryptonews #cryptocurrency #buybitcoinistanbul #buybitcoindubai #buybitcoinkosovo #buybitcoinwithcash #sellbitcoinwithcash #buybitcoin #sellbitcoin\r\n\r\nDisclaimer: All information provided in the content is for informational purposes only and should not perceive as an investment, financial, or trading advice. Any investment decision you make should be a personal choice based on financial knowledge, experience, and market research.