What's up with XRP now?

[cheezcarls]

Ripple is now valued at $10B thanks to a new $200M investment round. However, the price of its actual token keeps declining and remains among the worst performers of 2019.

Ripple has had a string of good news recently, but the same can’t be said for the XRP token itself.

Source link here

Despite that they did gained $200M investment and worth $10 billion in valuation, it didn't impact XRP's price.

It continues to decline. It means that it's a possibility that the bulls are no longer interested in XRP, as they are more focused in Bitcoin's dominance. They can't even get past Ethereum now, despite that they did overtake Ethereum a few times in CoinMarketCap rankings.

What does this mean now for XRP holders? Do you think it's worth buying now? Maybe if you're a long-term thinker, it might "moon" later on rather than sooner.

I would like to hear more about your reactions on this one, especially XRP holders.

[1715031797]

1715031797

[1715031797]

1715031797

[1715031797]

1715031797

[1715031797]

1715031797

[CucakRowo]

As we know, price of a product in market is influenced by fundamentals and public sentiment.

Based from fundamental. Ripple teams are filled with qualified personnel in each their sectors. Their Promotion and marketing activities have been running on a large scale since 2017.

However, sentiments that already formed inside crypto community minds, afaik, state that :
1. Ripple is not crypto. Because most of token allocation is still held by dev team.
2. As per the announcement they made in 2017, escrow process will be completed around mid 2020.

Based on those two things, crypto community trust in ripple are still low. And it's affect xrp price. With current downtrend situation, i think it will be very difficult for xrp to back to $500.

In my opinion, their hardest job while waiting escrow full completed is gaining communities trust.

[Harriti]

I don't believe the price of XRP will go up any further. Its supply is increasing and XRP's services have not yet been applied to real life. I don't see the future of XRP, but there are XRP fans everywhere saying that should hold XRP, it will return $ 10 soon. I feel this is too absurd since it seems that a week, hundreds of millions of XRP are unlocked and they continue to sell it over time and that's why the price of XRP is always falling. Many people's beliefs seem to be losing and they are pouring money to buy more bitcoin.

[VanDeinsberg12]

The ripple company gets 200M funding and when you have not even seen the financial report from the company and you don't know right now about where is it going on.

People are taking valuation as a serious thing but that's a joke. Big valuation doesn't mean your business is in the right way.

No usecase, No loyalty, not even a single program that comes from the company to be divided the all of ripple holders.

When your company can generate surplus in your financial report caused by your service or product being used by public and that's much better than you just receive funding from big entities but your company can't generate revenue from your product.

Ripple is just burning the money and no more.

I can even create a few dollars worth a fresh food that i can sell it to get profit from my product and that's much better than your million ripple coin that gives nothing for you because you have spent million dollars but you can't get even a few pennies from what you have paid before.

ripple is a joke company. lol

[fuer44]

after hearing this news, I began to hesitate instead. if there should be a large investment coming in, the price should be a little pumped up. or indeed ripple is still waiting for one more moment so that until now the price has not pumped up despite getting a sizable investment.

[cutesgirl]

Ripple is now valued at $10B thanks to a new $200M investment round. However, the price of its actual token keeps declining and remains among the worst performers of 2019.

Ripple has had a string of good news recently, but the same can’t be said for the XRP token itself.

Source link here

Despite that they did gained $200M investment and worth $10 billion in valuation, it didn't impact XRP's price.

It continues to decline. It means that it's a possibility that the bulls are no longer interested in XRP, as they are more focused in Bitcoin's dominance. They can't even get past Ethereum now, despite that they did overtake Ethereum a few times in CoinMarketCap rankings.

What does this mean now for XRP holders? Do you think it's worth buying now? Maybe if you're a long-term thinker, it might "moon" later on rather than sooner.

I would like to hear more about your reactions on this one, especially XRP holders.

Lost hope with XRP now because after raise up on higher price now XRP become shit coin and like other scam coin, they can raise up with higher price again and every time always down. How ever with bitcoin price up or not Ripple never raise with higher price and awlays down with shit coin price, look ripple have the same value with shit coin now.

[Doranile432]

People are waiting for magic to happen and they are getting tired of holding coins, here is a fact, the moment you are tired of something changes might be around, ripple is a top coin and centralized which makes me belief it can do better because governments can control it

[bassbity]

Indeed, Ripple still has not shown the best results even though there have been several large investments, but the price is still low, I am still not captivated by Ripple because as seen from the chart, the price continues to fall, meaning that I still cannot trust Ripple as a promising investment.
I have also heard that Ripple has adopted many of the big companies whether it is true or not but there has been no improvement at all.

[Ferris419]

I agree with your points, it seems bulls are not interested in Ripple and also in Ethereum. Bitcoin market dominance, upcoming halving hype turned people to buy more Bitcoin instead of buying alts. Though the Bull market will come through the Bitcoin but it will effect others good altcoins too, when the bull run comes, Ethereuym and ripple price will be high by following the Bitcoin's growth but b=8efore that I don't think Ethereum, ripple's price will be in the good zone again.

[enhu]

Its not that they are not interested to XRP, its just that there isn't much fluctuation happening to XRP, if you try to invest on it you are the only who will make its price fluctuates and everyone will just dump it. I think it now lies in the best price for buying. If you are an investor who sees an opportunity to buy at a current price you will buy XRP but for an investor who wants to keep seeing growth, he be buying at every dip during bullrun.

[masterrex]

Ripple is now valued at $10B thanks to a new $200M investment round. However, the price of its actual token keeps declining and remains among the worst performers of 2019.

Ripple has had a string of good news recently, but the same can’t be said for the XRP token itself.

Source link here

Despite that they did gained $200M investment and worth $10 billion in valuation, it didn't impact XRP's price.

It continues to decline. It means that it's a possibility that the bulls are no longer interested in XRP, as they are more focused in Bitcoin's dominance. They can't even get past Ethereum now, despite that they did overtake Ethereum a few times in CoinMarketCap rankings.

What does this mean now for XRP holders? Do you think it's worth buying now? Maybe if you're a long-term thinker, it might "moon" later on rather than sooner.

I would like to hear more about your reactions on this one, especially XRP holders.

Its nothing new about it was the same status in the last year december 2018 when the most of the cryptocurrency was experiencing a massive dump of its price and valuation, one of the many reasons is maybe the investors got panicked for the left and right negativity that hovering around the crypto space and off course the holidays, investors needs money for the holidays that's why selling some of its XRP holdings is just normal thing at this time. I believe that $200 Million dollars worth of so called investment will not immediately taking effect maybe it gains positively in 2020, XRP still the 3rd largest cryptocurrency in the market according to CMC so it means a lot.

[ATSgrowth]

I am not surprised, look how many big news come this year and how it affected the price? We are seeing one big manipulated game, but I believe that halving will come and situtation will change.

[DaMut]

the price might be declined but it does not mean the bull is gone, you can not fall for their trick. remember a few years ago?
a pump happened after the dump, the same thing might happen with it. we do not know what will they do to all of their new investment right?

[leowonderful]

Ripple keeps dumping XRP onto the markets monthly, and there's just not enough demand on the markets for the coin to sustain the price or to allow it to rise in price. That combined with the fact that it does not really have any real usecase and a lot of its popularity arose from how high the coin rose in 2017 doesn't help it out. This turns into a sort of a circular pattern where the price drops because people are discouraged to invest in the coin as a result of the pressure against the price rising.

[Raflesia]

I am not surprised, look how many big news come this year and how it affected the price? We are seeing one big manipulated game, but I believe that halving will come and situtation will change.

So do you think that the market really does have a whale manipulation game or what? and I can't believe it, it remains a market condition that continues to fluctuate and no bullrun has yet come.
We will approach halving, of course it will be a prediction for the coins held will become ascended after halving occurs but is that possible?

[Lantind]

People are waiting for magic to happen and they are getting tired of holding coins, here is a fact, the moment you are tired of something changes might be around, ripple is a top coin and centralized which makes me belief it can do better because governments can control it

How can the government control ripple coins in crypto? try to explain in full here, because talking bored in waiting is certainly there, because everyone has a different patience limit in waiting for something.

[Reid]

Or we could wait a little bit more for it to reflect?

I am not much of a supporter of the said coin but I got interested of it because of the cheap and fast transaction that can be done. More cheaper than ETH indeed.
But, when you are running a centralized coin it seems this kind of non movement does happen.
There is demand, yeah your news is the proof of it but how come the value reflection cannot be seen as quick as they do with their transaction.

[tianglistrik]

for me xrp remains a coin that gives a pretty good profit, even though the price is decreasing but if I do hold on xrp then I'm sure they will grow again. and although the current xrp ranking is below eth but for me, ranking is not very important because xrp is still in a good position for its rating

[Mia44]

XRP community is being betrayed, XRP with what it is used in practice, it can't work as bad as what it used to be, I think the main reason is because there are always 1 billion XRP every month. lock from developer and dump into market.

[killerfrost]

People are waiting for magic to happen and they are getting tired of holding coins, here is a fact, the moment you are tired of something changes might be around, ripple is a top coin and centralized which makes me belief it can do better because governments can control it

How can the government control ripple coins in crypto? try to explain in full here, because talking bored in waiting is certainly there, because everyone has a different patience limit in waiting for something.

They can easily control XRP because XRP is a centralized cryptocurrency, for that reason I don't like XRP and I never thought that XRP was a cryptocurrency. In addition, how XRP can increase prices? every quarter, XRP dev team sells a huge number of tokens. The total supply of XRP always increases every year, so the price of XRP will always decrease and cannot be increased. It is best for the XRP holder to sell it and look for other altcoins and holdings. I do not see any future for XRP in the short or long term