XRP continues to make the news. We’ve previously reported on the lawsuit that the Securities and Exchange Commission filed against Ripple, causing a major price crash in XRP.
Then Bitwise axed XRP from its crypto index fund.
That was followed by Bitstamp suspending trading in XRP for all U.S. residents.
Ripple’s lawyers were busy during all the flurry preparing a response to the SEC lawsuit.
Maybe it was the holidays, maybe it was wishful thinking, but along the way investors developed some hope that the worst of the bad news had already hit and bid up the price of XRP in anticipation of better days ahead.
Alas, it was not to be as more bad news just crossed our desk. Binance, the world’s largest cryptocurrency exchange, has announced that it is delisting XRP trading for U.S. residents beginning on January 13, 2021.
A statement on the company’s website reads:
Effective Wednesday, January 13, 2021 at 10am EST, XRP will be delisted from Binance.US. XRP trading and deposits will be suspended.
When will XRP investors get a break from the barrage of bad news?
You can read the full statement here.