Bitcoin Forum

Ripple (XRP) Price Declines 8% While the Crypto Market Loses $9 Billion
Low Volume was the Issue
Yesterday, on October 2, CCN reported that the low volume of Bitcoin is a concern for traders and it could negatively impact the short-term trend of Bitcoin.

“The volume of Bitcoin remains fairly low at around $4 billion, down more than 30 percent since mid-September. On Coincap, the cryptocurrency market data provider of popular digital asset trading platform ShapeShift, which eliminates exchanges suspected of having false volumes, the daily trading volume of Bitcoin is estimated to be around $2.6 billion,” the report of CCN read.

It would have been possible for the dominant cryptocurrency to engage in a short-term upside movement if its volume had rebounded by around 15 to 20 percent. But, throughout the past 24 hours, the daily trading volume of Bitcoin remained at $4 billion on CoinMarketCap and $2.77 billion on Coincap.io.

The volume of Bitcoin recorded a slight gain of around 1 percent, which had no notable effect on the short-term trend of the crypto market.

The sudden drop in the price of XRP after Swell 2018 conference also contributed to the downtrend of major cryptocurrencies.
https://www.ccn.com/ripple-xrp-price-declines-8-while-the-crypto-market-loses-9-billion/

I think ripple has massive potential for growth from here, this seems just like the warm up of next expected big bull season, if market is able to attract big new investments soon whole market will change from bearish to bullish in no time and i think we have entered that time almost.

This again reiterates the fact that Ripple is a pump and dump and without substance. The whales behind XRP choose when to pumps it and dump on unsuspecting people who FOMO into train.

Crypto market is currently going through a rough patch. But researchers say that in December the price will go up again.

The potential for Ripple to grow is hugr and the investors and community sentiment about the project is positive. Even has many crypto continue to struggle, Ripple continue to outshine others and when there is collective market growth, Ripple will outgrown many of its peers.

I found an interesting thread, look at this What is Ripple's plans for XRP if the banks have do not use for XRP? (https://bitcointalk.org/index.php?topic=5044769.msg46561441#msg46561441). I think this is the right reason and has resulted in a recent decline in ripple.

that is the nature of a pump and dump altcoin.
when they get pumped  everyone is super happy thinking that the coin is going to be the future of money so they start buying it and feed the whales as they become richer when they dump on them. and then comes this drop that you see, a continued dump for a while until the prices come down to reality.

I think the recent low volume os as a result of Bitcoin close to the asending triange and the market is just waiting to see whic way is going to pick, I don't know still but we have seen that in the past years BTC is always strong in the last quarter of the year. To me it is interesting thing to watch

To be honest crypto market is not at its best in 2018.But there are a few signs that indicate it's starting to turn around move forward.It's expected that that during December it will certainly move to a positive position.