Bitstamp: XRP trading and deposits to be halted for US customers
In light of the recent SEC filing against Ripple Labs Inc., which alleges that XRP is a security, we are going to halt all trading and deposits of XRP for our US customers on 8 January 2021 at 9 PM UTC.
We will closely follow the unfolding situation and continue to adapt accordingly.
Our US customers will still be able to withdraw XRP from Bitstamp. Customers from other countries are not affected.
https://www.bitstamp.net/article/xrp-trading-and-deposits-be-halted-us-customers/This announcement could be the reason of the recent crash in price of xrp. The price recovery was going well before this announcement which has really crushed the price again, in coming days more paltforms can make similar announcements so the price can stay under stress.
I have expected more bad news will come for ripple. Ripple has no chance to win against SEC. I have learned a lot from the previous case that happened with some old projects like TON telegram, Kin and many more. More US exchange sites will announce to halt the trading, deposit, and withdrawal for XRP.
The question is why there are still people who buy XRP until today.