Explanation for ripple price increase?

[Avelache]

What's the explanation for the ripple price increase?
A few weeks ago the price went up very quickly without decent explanation. Is that happening again now?

[ZenRoy]

There is reason to believe that banksters might be pumping up the price. Let's be very careful on this one. We might see dumping soon.

[PovertyByte]

People think it will make them rich because the banksters will pump it for them. This happened when BTC got slammed with major FUD and everyone was hedging around. XRP started rising and than the FOMO kicked in about bankers taking over BTC.

Bankers are letting the noobs pump money into this right now so they can sell it to you at the top and re consolidate buying it back from you on a discount

[Patatas]

What's the explanation for the ripple price increase?
A few weeks ago the price went up very quickly without decent explanation. Is that happening again now?

To keep it as simple as possible : The price goes up when the demand/supply gap bridges.In this case,maybe the pumping groups are manipulating the market which is making a difference.As far as I know there is no good news from the ripple team which would blow up the prices,so the regular pump session.Could happen to any shitcoin without an explanation.Deal with it.

[Rosewater Foundation]

Whale traders. They call it 'rotation'.

[BillCoin]

Ripple has been staying low for quite a bit, a year or more, it is possible that a large group of whales were buying large amount of Ripple at low price, and they now want to release XRPs at huge profit, so as they are whales, they have large amount of power, they pump the coin through twitter and telegram groups, and they are also putting large XRP buy Orders.

It is a common thing in the crypto world.
As there is no regulation, everything is possible at the exchanges, you won't see such things happen on a major stock exchange, but on crypto exchanges it is possible.

No regulation= Wild Western.

[LoyceV]

I'm surprised with this huge increase too. It doesn't make any sense.
Look at their website: it doesn't even show how to install a wallet, it just tells you how to buy it: create an account at an exchange, buy it, keep it there! That's not a real use case, that's just speculation.

Banks may or may not start using Ripple, but even if they do start using it for transactions, that won't require much XRP. Only a few coins is enough for a year of transactions.
Many people must be jumping in now, because it goes up a lot. But bankers don't want you to get rich, bankers want your money. And bankers are very, very good at getting that!
Once this bubble blows, I expect the money to flow back into Bitcoin, just like it always does.

Do the people who buy it now even realize 61% of the coins is controlled by Ripple itself, and many billions of dollars are in possession of a very small group of people?

Look at the orange line:

It's quite typical for most altcoins: pump&dump, pump&dump, pump&dump. This is the fourth pump.

I don't like most of the altcoins in the Top Market Cap: Ripple is centrally controlled and is the opposite of everything Bitcoin stands for, Ethereum is centrally controlled and forks whenever they need to for their own financial gains, Cardano has a website with some buzz-words (just like any ICO), IOTA doesn't even have a decent working wallet (but is heavily hyped) and Dash instamined a small fortune "by accident" (and then changed the name so that nobody remembers what they did).

In between I skipped Litecoin (one of the first altcoins and around for a very long time).

[Uhde]

What's the explanation for the ripple price increase?
A few weeks ago the price went up very quickly without decent explanation. Is that happening again now?

First of all they made good advertising. People have been speaking about ripple for so long.
But it is a fact that now it is overpriced. There are so many xrp in circulation and it is risky to keep high amounth of xrp for long time. Cause it is very easy to be dumped.

[moonriver]

What's the explanation for the ripple price increase?
A few weeks ago the price went up very quickly without decent explanation. Is that happening again now?

First of all they made good advertising. People have been speaking about ripple for so long.
But it is a fact that now it is overpriced. There are so many xrp in circulation and it is risky to keep high amounth of xrp for long time. Cause it is very easy to be dumped.

I used to have some ripple, but sold all of them days ago.
I didn't expect it to rise up 100% again in such a short time.
Of course I regret what I have done, but I still believe current is too high.

[sebinator]

We will see a strong correction in the next days. The price increase is not healthy.

[Rosewater Foundation]

It will dump like Crohn's Disease. Be careful out there.

[cevap]

There is reason to believe that banksters might be pumping up the price. Let's be very careful on this one. We might see dumping soon.

I am really suspicious with ripple since i thought no one likes this coin for being kinda centralized but i guess i was wrong. The think that annoys me is that it managed to overtake ethereum which is my favorite coin and i am sure it has more practical use than ripple.

[KingScorpio]

What's the explanation for the ripple price increase?
A few weeks ago the price went up very quickly without decent explanation. Is that happening again now?

there are multiple,

1. the banksters global are basically gay with each other,

so they print Cummanal currencies and buy their own crap (not just for the pump, but also for the the development of it)

2. decentral speculations trying to get more money from price increases.


nevertheless the banksters will not achieve what they want in the long term,

[KingScorpio]

There is reason to believe that banksters might be pumping up the price. Let's be very careful on this one. We might see dumping soon.

I am really suspicious with ripple since i thought no one likes this coin for being kinda centralized but i guess i was wrong. The think that annoys me is that it managed to overtake ethereum which is my favorite coin and i am sure it has more practical use than ripple.

you were wrong then you are wrong now,

the problem with ripple is the bankster cartel they also created "bitlicence" to ban others, cryptoeconomics is about removing/ freeing the world from their influence

they are a bunch of jerks and i hope they will pay the biggest price for it,

the end of the US dollar and other national currencies.

regards

[Avelache]

Whale traders. They call it 'rotation'.

Is there a more comprehensive explanation of whale traders and/or pumping groups?
I do understand that if someone all of sudden buys a huge number of ripple, that it causes a huge price increase.but at the moment he tries to sell this huge amount, there is a risk for a flash crash. And even if that won't happen, who's then paying for this profit? You need really a lot of people to invest$50 to cover the profit of the big investor.

[Sinistlercoin]

There is reason to believe that banksters might be pumping up the price. Let's be very careful on this one. We might see dumping soon.

I am really suspicious with ripple since i thought no one likes this coin for being kinda centralized but i guess i was wrong. The think that annoys me is that it managed to overtake ethereum which is my favorite coin and i am sure it has more practical use than ripple.

Why would you be suspicious of something that is simply disliked be a bunch of bitcoin lovers on a bitcoin forum. Do your own research and make your own decisions. And, the fact that you were annoyed that it overtook your favorite?  Maybe you should be trading baseball cards, not money.

[Sinistlercoin]

There is reason to believe that banksters might be pumping up the price. Let's be very careful on this one. We might see dumping soon.

I am really suspicious with ripple since i thought no one likes this coin for being kinda centralized but i guess i was wrong. The think that annoys me is that it managed to overtake ethereum which is my favorite coin and i am sure it has more practical use than ripple.

you were wrong then you are wrong now,

the problem with ripple is the bankster cartel they also created "bitlicence" to ban others, cryptoeconomics is about removing/ freeing the world from their influence

they are a bunch of jerks and i hope they will pay the biggest price for it,

the end of the US dollar and other national currencies.

regards

Donald?  Donald Trump?  Is this you? 

[MainIbem]

There is reason to believe that banksters might be pumping up the price. Let's be very careful on this one. We might see dumping soon.

I agree with you. It is very wary when there is a sharp increase of price of a coin as this. Just in 48 hours, the price has gone up over 100%. Overtaking Ethereum in volume market cap.

[Chandler32]

We call this a parabolic move and such moves  don't usually last long. In fact, it suggests a sell-off sooner than later.

[Sinistlercoin]

Whale traders. They call it 'rotation'.

Is there a more comprehensive explanation of whale traders and/or pumping groups?
I do understand that if someone all of sudden buys a huge number of ripple, that it causes a huge price increase.but at the moment he tries to sell this huge amount, there is a risk for a flash crash. And even if that won't happen, who's then paying for this profit? You need really a lot of people to invest$50 to cover the profit of the big investor.

In theory, its a race to buy low and sell high. Whales buy large quantities, giving the false appearance that demand is increasing. Then demand does increase, because all of the lemmings lose their minds and start buying, creating the actual price increase. Everyone who buys after the whale creates the profit, as there would be no profit if nobody bought after the whale. When the priced gets to the predetermined price the whale wants, he sells for profit, and then the lemmings come bace and start selling in panic, and the price drops fast.

This is why the intelligent person does research to find a coin with intrinsic value, buys as early as possible, and does not act like a lemming.