Bitcoin Forum

It’s been a good news week for XRP, and it’s creator Ripple, but a 20% spike in its value – and an accompanying explosion of volume – has left even its dedicated supporters confused as to what’s going on. Just after midday today (GMT+1, 7am EDT) the price of XRP began a sharp spike upward […


Read the full article at：https://www.trackcoinmarket.com/en/crypto-news/28490/xrp-price-leaps-20-leaves-investors-confused

We shouldn't talk about XRP in here...put it in the altcoin room or something.

hey man this is altcoin speculation, i think op have right to write about xrp here, something wrong with that?

there's nothing wrong with us discussing the price of XRP here,
because this is a thread for altcoin, so it's safe, I think so

It's pumped now by 22.34%

That article you gave redirects the whole article to another website for the Read More.

What's with that?

I wouldn't be surprised if XRP would dump after this.

  I feel this incident is no surprise. Because XRP is a very capital intensive business because it is linked by six major banks in different countries. I think XRP still stands at No. 3 this long and get investors more from this pumping phase.

What we can expect from this centralized coin/company?

They can boost their market anytime they want but just to be sure of it and just want to let the people see that they are legitly operating and making it look like decentralized, they wouldn't do that. Investors who would invest during the pumping time is FOMOing.

The only big news I could see recently about Ripple is more cross border banking news on the Ripple network, although this time it also mentioned that it will use XRP, unlike before where nobody needed or was talking about using XRP,,, then again all this news has failed so far to take effect on price.

Looks just like more volume and people wanting to stock up on XRP. Maybe someone or someones are sensing the bull market returning in 2019? You never know with these things.

I think XRP will have a good opportunity, with current developments giving one good thing for the future.
It is unpredictable for this, just think positively for XRP better.

A short term pump and no more. It will be back again to the bottom. You guys are holding ripple must sell your coin to take the profit.
Just because it was getting a pump and that means if ripple has a lot of advantage. There was bunch of coins that have a better technology than it. DAG cost zero fees and instant transaction.
only another short term FOMO.

During this time its tempting for those holders not to sell because greed is coming after them.

They would think that this pump will continue but selling now is a total profit. We can't help them and can't blame them if they will decide not to sell now. As long as they are aware of our suggestions and we delivered it to them as a tip, it's up to them on how they'll move.

Maybe this is the reason for a massive pump right now:

https://ambcrypto.com/xrp-was-piloted-with-12-banks-before-xrapid-launch-clarifies-ripple-executive/


A lot has fomo'ed on this news and maybe the primary reasons, why the price spike in the last 24 hours. I'm not sure though, the whole argument that XRP is centralized and banking sector can someone control makes me to stay away with this coins. So for those who wanted to ride the hype train, just a fair warning, don't get yourself trap after the whole hype died down.

I am also confused about this. Just as we all think that XRP may continue to be in a downturn, its price suddenly grows by 20%. I am also looking for an answer!

Could be some insider that knows something, but it also doesnt need any big money to move market now, there is little volume in the altcoin markets right now

There are some thing that could've caused this spike. One could be somethin related to xRapid and how financial institutions are looking into it to perform cross-border payments. Perhaps I missed the news but maybe there's something out there related to xRapid.

Second, it could be because of this: https://dailyhodl.com/2018/09/18/you-can-now-accept-xrp-on-youtube-and-twitch/

It seems like Coil is now monetizing websites like Youtube, Wikipedia, and Twitch, this allows people to donate to those websites using XRP. I wouldn't be surprised if investors are now pouring capital into the XRP ecosystem because of this news.

for me it is not surprising, because all of this is a pump and this increase will be temporary, see later the price will go down again. partnership with banks is always done ripple and maybe this is what triggers the increase in prices.

I see in Indonesia many people do large-scale seminars about XRP, what products they introduce but maybe that can make XRP even bigger,I hope that really happens for all

The hype is probably caused by PNC bank joining RippleNet. If you were looking to make a quick profit today you're probably late as the peak ended and the price will probably go down or stay at the same rate, at the best.

Really? XRP keeps partnering with banks, but that doesn't do shit most of the time. I think something else is going on here. Searching for it online gets me nowhere.

Yeah? Well twitch is getting more popular, so that could be a reason. Just feels like a pump for something that is stupider than this. Its Ripple afterall. Centralized shitcoin.

This wasn't originally in the altcoin speculation room it was in the "Press" section which should be about Bitcoin. You're only seeing it here now because it was moved into this room.

I was about to type the same thing...


Something fishy is definitely going on here and I suspect most likely XRP being pumped. I would not be confused though if I am hodling XRP as it will be a perfect opportunity to sell off for profit and wait for the price to fall before I buy back.

The problem is that if it is being artificially pumped (and I believe it is) then a crash will happen suddenly and seriously. It's probably better to cash out a bit early, before it reaches the top, than hold on for a few days too long and see it evaporate.

once again, this is a great opportunity, so we have to rely on the kind of evidence we are investing in.

It's always best to do that because a top is so hard to call. This really reminds me of mid 2017 when XRP would have random pump and dumps between the 20-30 cents bracket. I suspect the same is happening now.

I heard that this coin added YouTube as a form of payment, in the good times for the stock market growth would have been much more

It is centralized, and this could have just been a manipulated pump for all I care, just saying! Sure, the volume really looks enticing and for me, I really do not consider XRP as a long term market to be in, but some market I would rather just do some short term trade and as long as it sings profit, no shit.

Investors rather than being confused though, should just be having a swell time accruing the profits as long as they know what they are doing. I wonder why some people believe so much in XRP to be investing long term, but all men surely knows what makes them tickle. People who follows only marketcap for choosing their investment opportunities, definitely will go for XRP as I do see there could be any other valid reasons for choosing XRP.

Now you need to be very careful and weigh the risk of losing money there and you are going to invest in Ripple as it is pure speculation that began because of the news background !

Well that 20% become almost 70% as Ripple’s market cap break the second spot as ethereum been dethroned by this one

I hate saying this but i am frustrated because of not having even a single XRP on my folios damn decisions.i hated this coin once as the banks manipulated this centralized coins

And almost as if on cue. The price of XRP again drops more than 20%.

I guess you really can't expect much of the market right now with all the speculation surrounding the manipulation behind crypto. It's like they say, the "wild west," where in one day you can easily double your money and at the next day lose it all.

Xrp can be manipulated easily  because it is centralized and guys with stash with funds could  make ripple rise while they suck in money from FOMO.  I will wait a little bit to see if there is any technical support for the Xrp price rise!

I really do not see any reason why investors should be confused. XRP even though I have always have my skepticism about it as a result of its centralized nature, totally makes it susceptible to price pumps and dumps as well as it being controlled. Nevertheless, we got some news regarding the Xrapid program recently and some partnership of some sort which I am sure could have actually been one of the reasons why the volume and spike came about. Well, as long as it leads to profit, there is certainly nothing to be confused about here.

Ripple couple days ago took over Ethereum in market capitalization. But I still have little confidence in XRP due to it's centralization. I have never obtained XRP and still have no desire to stack it. 

That's great for those who already hold the XRP before, many are speculating for the XRP that it will raise the price to $ 1-2. But all is predictable, no one knows what will happen. It will rise or fall down, all just waiting.

The fact is that I have repeatedly met information that certain circles of users of crypto-currencies, as well as the mobile mobile banking system, have an artificial effect on the pricing of this coin. Proceeding from this, it is necessary to draw certain conclusions.

Because there are several factors that influence it, the technology is very powerful that can process up to 1,500 transactions per second, different from bitcoin, which is currently constrained by scalability problems. the whole world is very active in working with Ripple companies in mid-2017 yesterday talking about implementing the technology and their payment infrastructure makes it very easy to be trusted by other banks

Before all of you Ripple buyers become very excited, you should read the news and see what occurred this week. XRP was pumped to hide the truth, I reckon. That truth is one of its original founders, Jed McCaleb has been selling more than the agreed amount from his billions held in XRP.

Maybe the better investment would be Stellar hehehe.

https://www.wsj.com/articles/ripple-co-founders-token-selloff-accelerates-1537788600

https://bitcoinist.com/ripple-mccaleb-xrp-sell-off-hot-air/

I am joking. I am not a Stellar holder, but an Aeon bagholder. :'(

You're right that spike is just temporary, as Ripple price is down by 5.54% and its price is $0.493915 at the time of writing. Well, we can't blame banks for embracing Ripple cryptocurrency technology, they rapidly adopting it due to its speed. Using XRP, banks can provide their clients with liquidity. This can be done in real time and on demand! It also eliminates the need for any pre-funding. It is also being rapidly adopted by several payment providers. They are using XRP in order to reach new markets. With XRP, they are able to reduce the time required for payment settlement and lower the foreign exchange costs. Source: https://coinswitch.co

And then fall by 15%, and now again we raise by 10%. I am tormented by vague doubts, and not whether it is a pump, even though this coin is centralized. In general, as I can already say, ripple is a trap for investors.

It was a big pump and some dump scheme. After such big pump, you should always expect a dump.

Looks like another spike is loaded to happen this week. Speculation has it that today we should see a set back in value and it should fire uo by tomorrow, and should shoot up all the way by Saturday. If I remember correctly almost every the same pattern happened last week.

xrp is the reason for start of bulls. crypto is centered on xrp right now
swell meeting on oct 3

Well, it may come down faster than that, we are seeing good support for XRP in the market but its hard to get pumped like a normal coin because of its huge market cap. If the BTC market starts uptrend then we may see more green bars to all of the top cryptos.

Price may come down faster than it spike but it will go up over and over because of the finance institution going to buy XRP for its usage. It will just matter now of whether you want to ride this train or not but this will seriously give a good profit for those who will keep betting on XRP. The speculation of it going more than a hundred may not really happen this year but its going to keep going up.

Now it looks like the price will be dumped back to 30-35 cents. And then again pump. One of the manipulative coin ever...

shouldnt this be great. jump start the market to bull.

At around 02:59:50 AM today, Ripple price is down by 5.54% where its price is $0.493915, but now Ripple tend to spike up again as it's up by 24.61% at the time of writing, and now its price is $0.562724 according to CoinMarketCap (https://coinmarketcap.com/currencies/ripple/).

Well, I think it's not surprising as the world’s 3rd largest cryptocurrency has already made 75% surge sometime on September 21 and I think it will keep on gaining new heights, so don't be surprised.

XRP has gone up by more than 20% today, overtaking ETH in market cap. Hopefully with this rise, new money will go into the alts market and it will be the start of the bull market. I am sick of seeing alts and bitcoin going down day by day for the past few months.

If I understand the situation correctly. Owners haves, so many coins that they need to put in good hands for HOLD. To do this, thay needed to raise the price even higher. Be careful, do not stay with the coins in your hands when the music stops playing.

You need to be very careful and weigh the risk of losing money there and you are going to invest in Ripple as it is pure speculation that began because of the news background

Bull runs used to be sparked by a pump in bitcoin prices but it proves that the altcoin market can be equally important. If the ripple pump is the trigger for the next bull run then no need to dump alts, everything will go green again

i made some good trades on the pumps. waiting for a better entry now. we'll see

Yeah that quite surprising but I do not think it makes investor confused, in fact most of my college has predicted the XRP price jump in this October since the market cap of XRP just make significant increase in the Q2 of 2018. After all this can be a fresh air in the middle of this endless red market on crypto.

I think this happens to be normal. All the top 10 altcoins have sharks behind them to protect them. Because the XRP's prices are so low, they need to reboot and their prices are going up. This is a pumping and dump market :D

Don't think too much about XPR, just think about the coin problem because the purpose of XPR is the same coin ...

The fact is that they say that the ripple left one of the founders and the holder of more coins, which entailed such a recession. But the news of the launch of the new platform has lifted it up again, as long as the ripple is seen as the most promising coin among all.

For me, all pump higher than 0.5 USD was looking like they killed all the people who took shorts. I took short on 0.64 and after that saw how they start to liquidate shorts very fast, and this moved price higher and higher.

I don't think we can relate the XRP price move to any recent news. In the past there has been lots of good news about XRP and Ripple, but the price remained unchanged - I'm thinking about about most of 2017 here. And then there was that mega-rise to a couple of dollars, which was fuelled by the South Korean market getting overheated rather than by specific XRP news.
I do think it is a good coin, and one of the most likely routes to mainstream crypto adoption... but price moves don't seem to be related to news in general for XRP.

Ripple partners and good relationships should increase Ripple prices. But remember that all electronic prices are based on expectations. All prices are good for today but tomorrow it can be 100 times or less than 100 times.

IMHO main problem of XRP is that it is utility token and you won't get any profits from sales of new tech to the banks. IMHO banks will be using private blockchains based on XRP tech, but there is no need to buy xrp to them. But yes it's quite a good coin for speculation and on new you can make great profit if you will patient enough.

XRP indeed made investors surprised and shocked by its breakthrough.
The team is good enough for this, and of course the XRP holder is happy to make a profit.

XRP is generally seen as the first reactionary crypto money to enter the bull season, but I think it needs to be more cautious. Current levels may raise these suspicions. Previously, many positive news and developments that do not react to the XRP's current level makes me think a lot.

You just copied the OP to the article you link, it's better if you quoted it so it won't look like a plagiarism ( even you provide the link ).

The article was full of good news to holders so what's bothering you anyway? Even it's a sudden leap and many fear that it's just a bubble but still many are in deep thought of buying more ( some FOMOs ) but specifically if you bought at bottom you already now sitting on your profit and sipping some wine.


I just know that xrp and ripple is different from each other, I thought xrp is ticker of ripple. Jeez, how come I'm outdated.

it's best to just buy a ripple and wait for its price at $ 10. I hope that he will achieve it in the near future

in general, the price of $ 10 for ripple, this is a fairly serious claim for success. But I doubt very much about such opportunities, especially in the near future or now.

Leaping 20% on a short period of time would really put up people/investors into confusion but this is the feeling that do give out positive vibes rather than seeing a -20% nosedive.Am I right?
I'm not really surprised for this coin to pump out and every coin in the market can really possibly gain those percentage movements on a short period of time when investors or whales would decide to buy up a coin.

There nothing to be celebrate about the price of ripple againing such pump in price since the price will be manipulate very soon due to it centralization. However, the reason behind the pump in price was the news it new 50,000TPS scalability posted on their official site.

That is usually the thing about a pumped market, although for now we have seen it retracing but as long as I am selling at a very good price, I would say the best thing is to leave before it gets quickly dumped.
 
However, there is nothing bad in trying to take part in the pieces of the falling market at the moment, considering there is still more room to grow and also for the fact that we have only just experienced the first leg, so, I guess we will wait to see what the second leg ends up bringing as the case may be. There is no need to be confused as an investor, just follow the trend and you will be fine while knowing that as long as you have made something substantial, just get out!

XRP is not the reason for start of bulls as the crypto space has been gearing up towards this point for a while now and asides that, XRP was not the first coin in the top 100 to actually go bullish, as doge was.

Well, that simply shows that even for shit coins to go bullish, the chances are there pretty soon to see the other markets follow the same route if bitcoin tend to give the proper environment and tend to move sideways or slowly up for the short time and then we will be able to get to see some bullish move upward for the altcoin market.

I guess we are approaching the days of increasing our bitcoin stash if you know what I mean.

yeah i guess so, and add impact for total marketcap, and after pump the price not decrease like other coin.
now ripple will go 1$ in november as a prediction i read in news.
we hope that will happen, and that also bring good news for other coin.

It's possible considering the last two highs were considerably more than it's current valuation, however the market is some what stagnant at present but if it did it would definitely be a sign of more investment coming into the market which may have a positive impact on alternatives overall

Growth XRP I was pleased! I like this token and I see its perspective and potential in it. In October, XRP launches its platform for banks. I think that price growth is just the beginning. I think the price of XRP will reach 8 dollars probably this year.

Such spontaneous growths have been earlier at this coin and it is not worth it all wondering and believing that after this everything will only be more growth because it is a trap.