Xrp Price low what Reasons?

[Capt00]

Too many controversies regarding XRP dump. Today, I saw a news that the team sold cheaper at OTC than market rate, although it's not proven. I still believe with ripple's great products, it will do well in the long run for those who are patient enough.

I've read this news https://cointelegraph.com/news/apple-hint-xrp-dump-mystery-1-billion-transfer-hodlers-digest-sept-28 and this might be the reason for its dumping scenario. That certain amount is not a joke and it really gives a huge effect on the market price.

Though XRP is a centralized one but many banks are using this one which I think that it has a sustainable market and really a functioning product. I hope the team will take action for this and lift investors doubts toward them.

[ichai]

I just think that alts including XRP are also affected by the strong growth of Bitcoin.
In the past, people would see that when Bitcoin went up, the market would grow as well. But now, things have changed, investors are now paying more attention to bitcoin because the Halving event will occur in 2020. They are enlisting as much BTC as possible. That's why many people sell alts to buy BTC.

[cryptic4000]

Too many controversies regarding XRP dump. Today, I saw a news that the team sold cheaper at OTC than market rate, although it's not proven. I still believe with ripple's great products, it will do well in the long run for those who are patient enough. I think the major problem with crypto enthusiasts is that, they dump coins when there is a slight FUD.

If you are a long-term investor, you will have a different opinion about this coin because XRP during the past time only increased in June and then continuously decreased in the last 3 months. I think the current price is still very high compared to reality and in the near future I can be sure that XRP will soon return to $0.05 so don't expect too much and should abandon this investment as soon as possible.

[shadowdio]

Increasing supply I guess? and many says the team of XRP can manipulate the price so it is not good for long term investment, that's why the price is still low. Even many good articles about XRP the price is not increasing.

[peter0425]

What is the Reasons that xrp Price is low?


I think xrp have high inflation there is too many coins just...


Anyone knows are they planning to burn liminate the quantity of coins maybe?

You have already answered your question ,there are too many volume so the chance of growing is really hard to expect aside from being a centralized currency that make it a manipulative cryptocurrency

And I believe that there’s no plan so far of burning but that’s the best way the Dev must do for the XRP to pump in again like last year

[Weng simok]

You have already answered your question ,there are too many volume so the chance of growing is really hard to expect aside from being a centralized currency that make it a manipulative cryptocurrency

And I believe that there’s no plan so far of burning but that’s the best way the Dev must do for the XRP to pump in again like last year

With the supply of xrp which is quite a lot nowadays, of course this will greatly affect the price of the xrp token in the market, and we know in every business of course economic law always applies, in which the supply of excess goods will certainly make the price of the product go down so also if the supply of these products are limited / a little of course the price will be more expensive and I agree with you, which is this xrp developer needs to evaluate the number of their tokens circulating in the market, and burning tokens is the right step to increase the price of xrp tokens in the market.

[Lanatsa]

Too many controversies regarding XRP dump. Today, I saw a news that the team sold cheaper at OTC than market rate, although it's not proven. I still believe with ripple's great products, it will do well in the long run for those who are patient enough.

I've read this news https://cointelegraph.com/news/apple-hint-xrp-dump-mystery-1-billion-transfer-hodlers-digest-sept-28 and this might be the reason for its dumping scenario. That certain amount is not a joke and it really gives a huge effect on the market price.

Though XRP is a centralized one but many banks are using this one which I think that it has a sustainable market and really a functioning product. I hope the team will take action for this and lift investors doubts toward them.

Give me a bank that do make use of Ripple protocol? I don't see links or news towards it.XRP is centralized one with having some numbers of issues recently.
Plus to count on the current market condition,i cant really blame why its price is on the floor and this doesn't only apply on XRP alone but in all or majority of coins in the entire market.We know on whats the current status but I highly believe that there were still lots of them try to accumulate and do took advantage into these low prices.

[WalkerIVIV]

Too many controversies regarding XRP dump. Today, I saw a news that the team sold cheaper at OTC than market rate, although it's not proven. I still believe with ripple's great products, it will do well in the long run for those who are patient enough.

I've read this news https://cointelegraph.com/news/apple-hint-xrp-dump-mystery-1-billion-transfer-hodlers-digest-sept-28 and this might be the reason for its dumping scenario. That certain amount is not a joke and it really gives a huge effect on the market price.

Though XRP is a centralized one but many banks are using this one which I think that it has a sustainable market and really a functioning product. I hope the team will take action for this and lift investors doubts toward them.

many banks are not using it and the banks are only taking ripple as a prototype and use it as examination to create their own blockchain. The banks are not using it caused by the fact said R3 already chosen as the company who will be developing the blockchain for bankers.
Jed mccalleb still has billions worth of ripple to be dumped to the market.
Ripple will be dead.

[Distinctin]

The only reason I believe is the overall bad altcoins market performance.
ETH is also struggling to rise, so same with other major altcoins and therefore there is nothing to worry as its time will finally come.

We were surprise by XRP that it rise to $4 in the past despite of its huge volume, I believe it will happen again at the right time.
XRP is still one of the potential projects in the market and I'm sure when the altcoins season starts, it will also start to recover consistently.

[_ZeD_]

The only reason I believe is the overall bad altcoins market performance.
ETH is also struggling to rise, so same with other major altcoins and therefore there is nothing to worry as its time will finally come.

We were surprise by XRP that it rise to $4 in the past despite of its huge volume, I believe it will happen again at the right time.
XRP is still one of the potential projects in the market and I'm sure when the altcoins season starts, it will also start to recover consistently.

I also believe that the reason for everything is the mood in the market. A large number of coins did not prevent him to cost 20 times more expensive than today's figures.
XRP is one of the strongest projects and its time will surely come again.

[jostorres]

many are still asking why xrp is already in a good position but still has a low price. I think maybe right now XRP just needs a good development from the team. Today's XRP has not shown this even though XRP's good position on coinmark shows that XRP is worthy of being a coin worthy of being a high-value coin. this is my opinion about xrp

Don't be deceived by the position a coin/token hold on the capital market cause the position XRP hold on capital market doesn't make it a good investment cause XRP have nothing to offer to the crypto community, it a centralized coin i.e the team controls its price and it doesn't have many investors either.
Therefore, even the team developed their platform the crypto community won't still support XRP.

If the team of xrp like themselves, they should just change the system of xrp to being a stable coin because I think that is what will fit xrp more, because I don’t see the difference between xrp and tether now, the only difference is that the value is lower. I am surprised at ripple and don’t know exactly what they function for in this cryptocurrency.

Most people that I have had chats with even does not know about ripple, and the little that knows about ripple look down on it like it is a shit coin, which I think it is shit in deed. I feel ripple is just wasting time of people, and they should really not be paid attention to again and people should not be deceived by that position. If we are advising people to invest in top 10 coin, ripple should always be an exception.