Bitcoin Forum

Does anyone know why Ripple (XRP) had a good rise today? Not following why it is listed on Bitstamp along with Bitcoin, Litecoin and Ether.

who cares it's not decentralized and they work with banks. also supply is too high /s

I dont know why, but maybe its because of too much demand, like it happens with any other altcoin that is on top 15.
Buy you all people know how ripple works, it goes up, and then goes downx2, so its riskie, but i dont think it can have a nice future.
It is a good coin for speculation if you wanna have big amounts of ripple, just buy 10000, wait until it rises for 1 cent, and you made a profit of $100 easy.

Maybe it's this? Wonder what it means..
https://twitter.com/Ripple/status/899725196122136576

I don't know either and I've looked around for an answer.  I wonder if it can sustain the growth considering it may be a pure momentum play at this point.  Time will tell!

Facts about ripple:

#1 Centralised
#2 Large volume, so if it hits even 1$ then it can be a nightmare, but it cant.
#3 Works with banks.. We joined crypto to boycott banks and they are reintroducing us.
#4 Altcoin...better stick to bitcoin.

Now, now, don't shit on altcoins just because they're not BitCoin.
Bitcoin is a very old platform that has seen nothing new. The only thing going for it is that it's the first of it's kind.
In my opinion, Litecoin is much better than Bitcoin, same functionality, except that a LTC transaction passes in 2 mins and a BTC in 1 hour..
Having that said, I am not invested in LTC and don't believe the price will rise.
Also, XRP isn't a good investment as everything this guy said is true, except #4 of course.

Could be another hype that is making the price pump, maybe people are thinking now it's a good start
to pump again and break it's all time high. If the volume will increase, then probably it's worth a ride but know when to sell it.

No one knows for sure why ripple prices can go up well today, but I've heard the news that the ripple is supported by 9 banks

@DustyRah. There was some news released yesterday that Ripple will be expanding in China. Some traders must have thought that it was a good opportunity to go with the news and buy. But I speculate that it will go down once again and continue with the falling trend.

Do you trade?
Sure you do.
Or what will you do with your self-mining ethereum masternodes you are advertising in your sig... ?
So you are not a single pint better than any member of the financial system.

Enjoy the next BTC fork and grap the free coins like a couple of weeks ago for the only thing you really care of:
Your proft!

Insincere world...

Exactly we have to be very careful because previously many people bought XRP at a high price. Now those people are kept waiting for the big price pump but it is not happening in the market.

Well, some is buying because it has gone up even higher now. The actual company probably finds opportunities to unload at regular intervals and book their profits. They are the ones who probably have the kind of volume to bring the price crashing down on regular basis.

To the moon! Or at least till it opens on the Asian exchanges in 2 days.

xrp broke the falling trendline and tested it and rised, again broke another falling trendline tested it and risedi. I am expecting a huge increase in the upcoming days. you can check the charts yourselves

Just thinking the same the last couple of hours. Too many ignored good news loaded in the past month coming to shoot now. Things might go very fast from now on. Hopefully sustained...

This is exactly the case, and they even admit it - and of course try to spin it as a good thing. Straight from Ripple themselves here (https://ripple.com/insights/ripple-to-place-55-billion-xrp-in-escrow-to-ensure-certainty-into-total-xrp-supply/):


These 55bn XRP represent 55% of total XRP supply, ever. Given there are only 38bn in circulation (out of which ~10bn is held by Ripple), that 1bn per month is a lot of opportunity for taking profits.

as I have said, I  believe in Ripple  especially for the long term, I have already  bought, and I wanna  buy  more. and more, and  more.  For me  this  coin is  a probably stable 1/2  $  in  3    years.   It  works  with banks, so  even  people  without cripto knowledge  will use it.

I agree with that it is centralized but ripple is not controlled of few people and the team does not release ripple constantly. Maybe people hold their money in ripple just because it is strong coin like bitcoin?

Ripple is centralized, the very definition of controlled by a few people and in direct contradiction of your own admission.

And just in my previous post above I showed that they do release XRP constantly, at a pace of up to a billion XRP per month. This was admitted by Ripple themselves.

The number of shills here is incredible.

Manipulation at its finest again

These people are total idiots, no excuse, you have to be an very patheticly ignorant and blind, and stupid looser without any knoweledge of simple maths to not make money from XRP, there is no excuse. I am surprised how did they managed to get to the point to actually buy XRP!

I have only one recommendation for such people. Go do something other than trading or "investment"

Such a jerks

What are you talking about, the whole crypto market is about manipulation. All coins are being manipulated from time to time. Just like that idiot marketcap calculation, but nobody gives a fuck about that because when you play the game well, you can make a lot of fuckin money

When I look to amount of derivative, I understand that money have one value: To make slaves work for air! Period.

edit...

i think something is going on with ripples as per tweet we can believe XRP will gain some new change like 1 to 10$ USD By the End of this Year ..
Let hope for the best buy some XRP and Enjoy with happy Trading

Bought some about a month ago. This is actually the first time I'm at buy price again. Can't say I'm unhappy about that... :P

Today XRP will still increase

Hey people, i think Ripple will touch $0.20 each coin at the end of the week, there is too much speculation around this altcoin on these days, also there is to much demand at the moment.
If you have some btc left then buy some ripple right now at $0.18 and wait until it touches $0.20 if you wanna make a quick profit.

it is 0.25 on bittrex, where do you see it at 0.18?

when seeing speculations like better to make sure you got some btc to play with xrp is moving and there's always good possibilities how big it can be
unless big holders will push it down again and create some panics for short term better to keep watching and sell when already gain from it.

the highest price for ripple today in bittrex is 0.00007349 btc, its almost 50% from yesterday. i hope the price will increase more because i see the trend showing good movement. i am still waiting for more than 10k than i will decide to sell my coin. i think there will be panic buying and selling any of market so the price is still increase although i see there is correction for a while before its back now.

Do you really think top 15 alts are expensive because there is too much demand? Ripple is like ETH, false demand and lot of early whales.
Anyway, I had to laugh at the last statement. If you wanna have big amounts just buy 1 Bitcoin and wait for it to go up $100, you also make a profit of $100 easy.

Do you think it can reach at least 1$? and in long term can it go higher? I mean since it is supported by banks it has to have a demand and grow up and up...

Yes ripple is centralized crypto but we cant say tipple cant go big. Ripple has a big name behind it. I like how they growth. Not so much but still rise continuesly..still holding small chink of ripple and love the growth of my onvestment on it.

exactly, previous support level was ~0.146$ now who knows  ;D

Your response is contradictory. It is true it's centralized and so banks could have controlled it. But the high supply is actually against the thought that the price can be controlled, for the bigger supply the smaller share one has from the total amount of coins and thus the less difference one bank makes.
Anyway, I think nowadays these ats' pumps make no sense. Monero is rising and there are no news related to it, no specific causes. I guess it just means that more people are interested in top coins and do regular investments in them.

not decentralized
ya... I love xrp.. but it's not decentralized...like str....
and now anyone can make own blockchain. why bank must use xrp blockchain... it's open source..

 >:( buy when 0.5$ sell 0.48$ and dont want to see it anymore... damn xrp... damn str..

classic buy high sell low :)

24 hour left to fly to moon as per tweet from XRP account .. they mentioned bank & blockchain 3..2...1..  ;D

I heard there's a good news about ripple that's why its pumping but we all know the history of ripple after the big pump big dump will happen. I used to hold and like this coin but then I lost my trust and dump mine with a profit of course.

And now you see that you decision was very wrong, of course  ;D

Short answer: a pump.
50% increase in a day can only happen because of speculation. Win or lose 50% in a day is not investing, it is gambling.

Ripple has some impressive trading volume in the last 24h, seems especially a big thing on the Korean market atm. Volume is nearly as high as the BTC one. If they manage to get into the Chinese market I can see it grow even more.

is not matter of if but when  ;)

The supply is high at 38bn currently, but the escrow Ripple controls is even higher at 55bn. So yes, the price can be controlled to a large extent by Ripple themselves when they sell up to 1bn per month to the market, and the FIs (whales) Ripple sell XRP to.

I think this price increase occurred due to the rumours of a partnership with Alibaba - which would be huge if true.

it's strange because ripple works with banks, if alibaba decides to use xrp, still can do it without any partnership i think?

because all the investors are curious about the countdown on twitter

Whatever the new or rumor causing the price jump in Ripple, it has completed a major correction from
its May high ~$0.45 and should go to new highs on next major rally.

https://twitter.com/Ripple/status/900402986723065857

xrp falling down again'n again...