Ripple and XRP are partnering with many banks, why does the price keep falling.

[showbiz111]

Ripple is actually being used over 100 companies all over the world far better than most cryptocurrency adoption by companies, some of which are using it for pilot testing and some of them have already adopted it.
Their tokens are meant to be like a vehicle for online money transportation through the RippleNet which connects banks, payment providers, digital asset exchanges and corporates but still yet in the past two years the price as not been impressive as it ought to be what can really be the cause??

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[saptadip]

The crypto market in itself is very volatile and right now the situation is terrific. You see blood everywhere in the market so no one is daring to catch the falling knife. So unless we see some stability in the market, don't expect much hike in the XRP price, even though they are doing pretty well in getting big partnerships.

[BTCLovingDude]

because Ripple =/= XRP

whenever you hear a news about some partnership between some company, banks, corporation,... and a cryptocurrency (in this case ripple) all they care about is the technology that they are using.

in this case these banks are interested in the blockchain technology and how Ripple is doing stuff so that they can make their own centralized system based on it.

fake news like this can shortly pump these altcoins but not every time and specially not when they are already in a big bubble and are getting dumped hard.

[Wilsonong222]

Ripple is actually being used over 100 companies all over the world far better than most cryptocurrency adoption by companies, some of which are using it for pilot testing and some of them have already adopted it.
Their tokens are meant to be like a vehicle for online money transportation through the RippleNet which connects banks, payment providers, digital asset exchanges and corporates but still yet in the past two years the price as not been impressive as it ought to be what can really be the cause??

You may use / or instead of and for not to confused the reader. Since XRP is categorize as altcoin you cannot discount the fact the movement of its price is somewhat dependent to BTC. But instead of worrying the downtrend or loss, I think it is perfect opportunity to cost average. We should take this rare opportunity and start filing a pack of XRP.

[Rano]

As long as Bitcoin is falling, every other coin will also fall. Thats why so many people want to have XRP on Coinbase, so at least we there will be a XRP pairing to fiat, so it will be a bit more resistent against BTC drops.

[AlexaSonda]

I doubt the partnership has been done ripple, is it true? If true, why is there no growth experienced ripple in this year? But I'm not too concerned about this, because there are many other alt its better than ripple.

[torrantz]

I doubt the partnership has been done ripple, is it true? If true, why is there no growth experienced ripple in this year? But I'm not too concerned about this, because there are many other alt its better than ripple.

It has done but ripple foundation but you must remember about the fact that the crypto price is not depends on the development or any good news from the foundation itself. Because that depends on the trend of the majority of crypto space itself. The development progress doesn't mean a lot.

[atliens99]

because xrp is not a real crypto coin, It's a centralized shit joke of a crypto.  Shouldn't even be listed on coinmarketcap. hope it crashes to zero.

[preshpr1nce]

Simple in my eyes.
When you invest in something, you invest based on the hope that it'll succeed as a product, driving demand for your holdings so you can sell at an increase, with coins like Bitcoin, it works as a store of wealth and a product for entry/exit out of the crypto space, if you look at Ethereum and other platform coins, they use gas in order to run a contract, as the demand grows for contracts you would expect the cost to grow with it, you need Eth for gas, if you look at storage coins, they charge tokens in order to use the storage platform, as demand grows you would expect the cost to go up due to supply/demand, with most coins we can see how their real world usage will drive up the price, with Ripple it's a little different, why?

Ripple has a huge supply, it's centralised but most importantly, the banks never buy the circulating supply of Ripple or have a need for it, they are given a private blockchain based on the Ripple technology which has nothing to do with the supply you would buy for this coin, so what incentive is there to actually buy a coin which has no demand or product use based on it's circulation? there's none at all, 10,000 banks could use Ripple and not one of them would touch the circulating supply, the only thing that drives it's price up is people not understanding all of this, to me it's the biggest bubble in crypto.

I've never invested in Ripple and never will, it goes against basic logic for me, if the banks did buy in to the circulating supply it would be a coin I would invest in, but otherwise I have to ask, what are you investing in to?

When I ask people why they buy Ripple, they make comments like "because the banks will be using it and pouring billions in to it", this is 100% false, banks will never buy Ripple, other comments like "it's cheap" are also completely wrong, it's got a massive market cap, the huge supply is why it's coin price is cheap, but market cap is the true value of a coin, not single coin price, as of this post XRP is about 3x the price of Litecoin, yet Litecoin has a coin price over 200x that of Ripple due to a much lower supply.

Other than that, bear market, positive news isn't impacting too many coins right now.

[JaredStein]

First reason, because its over valued and the second reason is cause the btc price is dropping, so since the crypto market is still tied to the bitcoin price the prices of all the alts is dropping. It isn't just XRP whose price is falling.

[Zepp74]

Every coin is still tied to what BTC does in the end. Until some of these coins can break free from BTC dependency they will all follow the rise and fall of BTC.

[Raziel444]

Almost all of the altcoins are in the red now. so why should xrp be up. prices of alts largely depend on bitcoin and bitcoin is also in the red, thus the partnering with banks would not ensure xrp's price to rise.

[krauzzer02]

Ripple is actually being used over 100 companies all over the world far better than most cryptocurrency adoption by companies, some of which are using it for pilot testing and some of them have already adopted it.
Their tokens are meant to be like a vehicle for online money transportation through the RippleNet which connects banks, payment providers, digital asset exchanges and corporates but still yet in the past two years the price as not been impressive as it ought to be what can really be the cause??

Ripple and XRP? like it is meant that those words are different coins, it must be Ripple(XRP) btw I read this news but the thing is some banks and other businesses will use ripples blockchain, not the currency itself which is not that impactful to its price and the fact that the main coin which is bitcoin price is decreasing over the past months and now the current price is ranging between 7K to 9K USD, it impacts most of the altcoins out in the market and that counts the Ripple itself.

Because the price went up due to too much hype. 

Then the price went down due to FUD's, panic selling, banning ads over facebook and google which the people took dramatically that triggers them to sell.

[European Central Bank]

when will people wrap their heads around the idea of big business using the tech, not the publicly available coin?

it's gonna be the same for ethereum in many cases and plenty of other systems too. they're not in the business of trusting in things completely beyond their control. they are interested in licencing the code for their own purposes.

even if they did show an interest in xrp, they know perfectly well the foundation still controls billions of them, let alone how crooked the rest of the markets are. why the hell would you willingly expose yourself to that?

[solarion]

Ripple is actually being used over 100 companies all over the world far better than most cryptocurrency adoption by companies, some of which are using it for pilot testing and some of them have already adopted it.
Their tokens are meant to be like a vehicle for online money transportation through the RippleNet which connects banks, payment providers, digital asset exchanges and corporates but still yet in the past two years the price as not been impressive as it ought to be what can really be the cause??

I see some already said this but I wanna mention this again. Ripple and XRP are same. I do not why you have used the symbol and name together. I recently noticed that saudi arabian started accepted the ripple payment options and crypto currency adoption from them.
There are many banks keep on getting connected with the ripple and I do not know why still going behind this centralized bank oriented coin. Which is completely opposite to the cryptos.

[ryzaadit]

because Ripple =/= XRP

whenever you hear a news about some partnership between some company, banks, corporation,... and a cryptocurrency (in this case ripple) all they care about is the technology that they are using.

in this case these banks are interested in the blockchain technology and how Ripple is doing stuff so that they can make their own centralized system based on it.

fake news like this can shortly pump these altcoins but not every time and specially not when they are already in a big bubble and are getting dumped hard.

This its right my bank country Indonesia too meet Team Ripple it's not interested about the XRP but the bank interesting about the technology well for partnership the price will fall but if the market backup, XRP will backup really fast because of bank partner maybe.

[fatlever]

XRP is not being used by the banks, it's just a lot of marketing.

Pilot test programs does not mean banks actually want or use XRP.

[makuny]

All is falling,  why ripple should not falling?
Altcoins are now solid dependent about bitcoin.

[BTCLovingDude]

because Ripple =/= XRP

whenever you hear a news about some partnership between some company, banks, corporation,... and a cryptocurrency (in this case ripple) all they care about is the technology that they are using.

in this case these banks are interested in the blockchain technology and how Ripple is doing stuff so that they can make their own centralized system based on it.

fake news like this can shortly pump these altcoins but not every time and specially not when they are already in a big bubble and are getting dumped hard.

The focus here for these banks isn't the token but the blockchain technology. Ripple in my opinion is technically centralized and currently artificial and its value is driven by Ripple Lab news.. and Ripple lab does not put any onus on its clients to use the XRP token. So that begs the question, what is the real value of XRP??

nothing really!
XRP is a centralized token which is not even like other centralized altcoins. it is worse because the owners from Ripple Labs can simply take your money away from you as they did this once before!
like many other altcoins this is also a pure pump and dump thing which people make money from its pumps. that is all!

[Makkara]

ill just leave these here about why banks using "just" ripple net (xCurrent) matter:

https://ripple.com/insights/much-ado-much-to-do-part-1/
https://ripple.com/insights/much-ado-much-part2/  xCurrent
https://ripple.com/insights/much-ado-much-to-do-part-3/ passing from xCurrent to xRapid

And this is who is actually planning/using XRP, yes WU is moving 80 billions per year