Due to the recent SEC lawsuit against Ripple’s two executives, The latest cryptocurrency wallet provider, and exchange, Blockchain.com will also be suspending XRP beginning on Thursday, January 14, 2021.
“I am a Blockchain.com XRP trader. What should I do?”
Not to worry about. If you have an XRP balance on blockchain.com you will continue to have access to withdraw your funds even after the suspension occur. But you don’t be able to deposit XRP until further announcement.
In a post, Blockchain.com mentioned that they will continue to monitor developments as they unfold everything from network security to regulatory compliance and more.
Due to this situation regarding lawsuit action, XRP has lost its position as the 4th largest cryptocurrency by market capitalization. It’s now trading around 0.23$ according to coinmarketcap.com