XRP Excluded from Hong Kong Crypto List, Faces 12% Drop in Price

11 hours ago · In conclusion, the exclusion of XRP from Hong Kong’s approved crypto list highlights the ongoing challenges Ripple faces in navigating the regulatory landscape. While …

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XRP Excluded From Hong Kong Crypto List, Faces 12% Drop In Price

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11 hours ago · In conclusion, the exclusion of XRP from Hong Kong’s approved crypto list highlights the ongoing challenges Ripple faces in navigating the regulatory landscape. While …

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XRP's Sudden Fall: What Hong Kong's Crypto List Exclusion Means …

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9 hours ago · Ripple’s XRP experienced a significant 12% price drop to around $2.45 following its exclusion from Hong Kong’s approved crypto list. Only major cryptocurrencies like Bitcoin, …

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XRP Excluded From Hong Kong Crypto List, Faces 12% Drop In Price

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Ripple's XRP has once again found itself in the spotlight, but this time for a more negative reason. Recently, the Hong Kong Securities and Futures Commission (SFC) released its highly …

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Ripple (XRP) Drops To $2.40 As Hong Kong Regulator Omits It

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1 day ago · Ripple’s XRP coin suffered a major price setback after it was revealed that the Hong Kong Securities and Futures Commission (SFC) left the cryptocurrency from its list of …

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XRP Tumbles 12% As Hong Kong Excludes It From Approved Crypto …

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Ripple’s XRP has been left out of Hong Kong’s list of approved cryptocurrencies for trading, raising fresh concerns about its regulatory standing in global markets. The Securities and …

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Hong Kong’s Crypto Approval List Excludes Ripple’s XRP, …

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coinpedia.org: The post Hong Kong’s Crypto Approval List Excludes Ripple’s XRP, Triggering a 12% Price Drop appeared first on Coinpedia Fintech News Ripple’s XRP is once again making …

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XRP Excluded From Hong Kong Crypto List, Faces 12% Drop In …

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Ripple’s XRP has once again found itself in the spotlight, but this time for a more negative reason. Recently, the Hong Kong Securities and Futures Commission (SFC) released its highly …

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Hong Kong’s Crypto Approval List Excludes Ripple’s XRP, …

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The post Hong Kong’s Crypto Approval List Excludes Ripple’s XRP, Triggering a 12% Price Drop appeared first on Coinpedia Fintech News Ripple’s XRP is once again making headlines, but …

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FAQs about XRP Excluded from Hong Kong Crypto List, Faces 12% Drop in Price Coupon?

Why did XRP drop 12%?

Make trading simple by copying our team of pro-traders. Consistent results. Sign-up today at Invezz Signals™. Hong Kong’s SFC excluded XRP from its approved trading list, causing a 12% drop amid regulatory uncertainty and Ripple’s SEC battle. ...

When will XRP be removed from the market?

Meanwhile, also Tuesday, the Bittrex Exchange said it will remove XRP markets on Jan. 15, 2021, while Swipe Wallet said it will be delisting XRP for U.S. customers on Jan. 5, 2021. ...

Is XRP legal?

The Securities and Futures Commission (SFC) released a list of digital assets that can be legally traded on licensed platforms, but XRP was notably absent. This omission comes despite approvals for major cryptocurrencies like Bitcoin, Ethereum, Avalanche, and Chainlink. ...

How did XRP's exclusion affect the market?

The market response to XRP’s exclusion was swift, with the token shedding more than 12% in value. XRP fell to around $2.45, and its open interest—an indicator of investor activity in the futures market—declined to $3.52 billion, marking a significant drop from its January peak of $7.62 billion. ...

Should XRP be classified as a security or a currency?

The US regulator has been engaged in a lengthy battle with Ripple over whether XRP should be classified as a security or a currency. This legal uncertainty could have prompted Hong Kong authorities to take a conservative approach by keeping XRP off the approved trading list for now. ...

What happened to XRP?

XRP fell to around $2.45, and its open interest—an indicator of investor activity in the futures market—declined to $3.52 billion, marking a significant drop from its January peak of $7.62 billion. Technical indicators suggest further downside pressure. ...