The day of reckoning has finally arrived and this is should be liberation for all legitimate cryptocurrency teams out there. Ripple set out to create a remittance platform under the pretense of being a "cryptocurrency" when in fact, XRP has never and will never be a cryptocurrency. It's a centralized ponzi scheme that has been reportedly going on for 7 years, since 2013. I and many other's have been calling out this scam for years now. Anyone halfway serious and understands crypto, knew this day was eventually coming and should be rejoicing.
To those who've been seeing XRP shills fill this board for years, in the comments and making threads, on social media and etc, just know that the vast majority of these accounts are manipulated bots and guerilla marketing teams that have been pumping their scam for years.
Altcoin markets took a very short shock, but since have all but recovered and will quickly resume their pace with Bitcoin. XRP in fact, had an insignificant impact on the crypto markets and any markets impacted will soon recover. This is a day you shouldn't fear, but should rejoice at the cleansing of scam coins from the broader market.
Next on the list, which will cause a shock to crypto markets (for better or worse) is Tether, USDT. This is the next monstrosity that will be targeted in the near future and will have a direct impact on all crypto, but it's long overdue. Tether prints billions of dollars and is the single most obsecure and least transparent of any stablecoin.
The thing that i disliked about xrp was that team was holding billions in supply which was never a good thing for investors and holders because they can dump whenever they want and infact they had accepted ocassionally that they sold big chunks in the market. Now the situation ahs got worse for xrp and only time will tell if they will be able to survive from here or no.