I couldn't help but notice ripple related contents littering everywhere and sadly these contents contain bad news for ripple investors. Some weeks back ripple coin(XRP) was a recommendable cryptocurrency with so much bright side of proper growth. Ripple may have had the wrong motives on sales of over 7 years, selling more than $1 billion virtual tokens, thereby going against security laws by not registering with any agency. The project turned out to be misleading and I guess ripple didn't have the right niche to claim the world's third largest cryptocurrency. Clearing the executives had plotted out an unhonest and mischievous project to make fast growths, which it actually did but didn't quite get the perfect click.
Ripple coin has fallen as low as +31% crashing the price to $0.2336 following the lawsuit. This has been a scar to Ripple CEO and a bigger threat to other crypto projects. Let's take a look at the charts.
A massive downtrend after a promising figure from last month hitting most investors hard. Coinbase recent actions to halt ripple coin(XRP) trading adds to the tension as most holders of these coins won't be able to lay them off before a possible bigger crash. All I can say is that Ripple has turned out to be disappointing because of these few flaws that could have been avoided. This occurrence may be giving way to further allege over cryptocurrency running on a more illegal firm.
In conclusion
Ripple hitting the trends recently with bad news is out weighing, even laying Bitcoin trends on the wayside, cryptocurrency projects as a whole are scared by this epic failed illegal sales. Hopefully this gets over soon but I doubt any further trust in ripple coins.