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Author Topic: 18% XRP Price Drop ! ~ Moon or Bust?  (Read 495 times)
Bubu9844
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September 09, 2020, 04:47:47 PM
 #1

Xrp is my main Long term hold along with Ethereum .
Almost 20% dump ! Xrp needs a bit of patience IMO breakout coming. According to IMF and World bank , XRP
be the bridge to the Global Reserve Currency.

I still think xrp will only do well in future because the xrp community but if this DeFi thing work out for them it might give them a needed life for sure . Share your opinions Guys
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September 09, 2020, 04:55:25 PM
 #2

Xrp is my main Long term hold along with Ethereum .
Your portfolio is not performing well lately.

Why don't you add some bitcoin?
I own some ETH and XRP as well, but only a very small percentage of my holdings. Bitcoin is my biggest holding.

I think every crypto enthusiast should have at least 40-50% bitcoin in his portfolio.

Quote
I still think xrp will only do well in future because the xrp community but if this DeFi thing work out for them it might give them a needed life for sure . Share your opinions Guys

Not necessarily. XRP is used by banks for international transactions mostly.
The effects of DeFi are not yet clear, but it is certainly possible that DeFi will remove some powers from the current banking system, which may be bad for XRP.

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September 09, 2020, 05:01:00 PM
 #3

I don't think this token (XRP) justify its position on the coinmarketcap. This coin is against everything this space is all about, it is too centralised and have done nothing for the space rather the team keeps dumping their tokens on the market. I have a feeling it is going to lose its spot in the top 5 in this bull market


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September 09, 2020, 06:31:27 PM
 #4

I'll say reduce the amount of XRP you hold . The supply is too much with the Devs & Team and whatever roadmap they said with xCurrent and Xrapid  is yet to fulfill the purpose .


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September 09, 2020, 06:38:39 PM
 #5

I don't think this token (XRP) justify its position on the coinmarketcap. This coin is against everything this space is all about, it is too centralised and have done nothing for the space rather the team keeps dumping their tokens on the market. I have a feeling it is going to lose its spot in the top 5 in this bull market

Yeah! it has been so long since it's price rise and when the time of bearish market, it didn't recover again until now.

As for the current position of the XRP in the market, the result will be shown to us after this year. If they don't recover their price again before the end of this year, I think it won't recover after it anymore since it faces major issues and most of the investors has dumped their XRP to the point we have seen the price to drop down this low.

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September 09, 2020, 06:40:38 PM
 #6

The XRP dump is not peculiar to the coin alone and it is a consolation for holders as we expect pump from other top coins. My only concern for those coin with regard to price movement, is the reliance on bitcoin. Except for ethereum, the community, the technology and development, I dont see other coins with such large marketcap to give such profit and confidence like bitcoin

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September 09, 2020, 07:00:32 PM
 #7

Yeah. I would just say that people holding the top coins like eth or xrp do not need to worry about the dips and i am sure most of the holders are in for the longterm so they will be the winners in the end. We just need to wait and good time will surely come.

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September 09, 2020, 07:12:41 PM
 #8

XRP if it grows, it grows with the market, but it sometimes falls alone, I don't know what to expect from them, maybe someday the devs will burn at least part of their coins.

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September 09, 2020, 07:17:42 PM
 #9

The price fall wasn't just XRP. Even the bitcoin and ethereum were not spared. The most hit tokens with price fall were those defi projects. Most of them lost not less than 80% of their valued prices.

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September 09, 2020, 07:23:05 PM
 #10

Xrp is my main Long term hold along with Ethereum .
Almost 20% dump ! Xrp needs a bit of patience IMO breakout coming. According to IMF and World bank , XRP
be the bridge to the Global Reserve Currency.

I still think xrp will only do well in future because the xrp community but if this DeFi thing work out for them it might give them a needed life for sure . Share your opinions Guys
I have not heard such a statement about xrp from IMF or world bank can you please share reference link to read details.
Although i am impressed with the partnerships and developments that ripple is undergoing and im sure its time will come but if you are someone who is in a hurry then you need to look at some other coins because coins like eth or xrp are for real supporters.

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September 09, 2020, 07:26:27 PM
 #11

Move out of centralized assets, even though it might get recovered from the current drop it will be going to bust in the future probably will goes to zero as well.Add bitcoin,ethereum and other decentralized coins not the projects which came yesterday to the market and goes out of it in a week or month(s).

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September 09, 2020, 07:34:29 PM
 #12

Xrp is my main Long term hold along with Ethereum .
Almost 20% dump ! Xrp needs a bit of patience IMO breakout coming. According to IMF and World bank , XRP
be the bridge to the Global Reserve Currency.

I still think xrp will only do well in future because the xrp community but if this DeFi thing work out for them it might give them a needed life for sure . Share your opinions Guys

Did the XRP team sell their monthly dump again?  Well, that 20% crash looks a good discount to me.  The price will be corrected in no time so it is best to enjoy that 20% discount and bag another batch of XRP. 

Move out of centralized assets, even though it might get recovered from the current drop it will be going to bust in the future probably will goes to zero as well.Add bitcoin,ethereum and other decentralized coins not the projects which came yesterday to the market and goes out of it in a week or month(s).

Well, why remove the possibility of profit?  May it be centralized or decentralized, investors must remove his emotion in order to gain maximum profit.  Emotion brings biased decision.  I hate XRP but the profit is too enticing.  Hate won't give me a profit but XRP does.

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September 09, 2020, 07:59:18 PM
 #13

Did the XRP team sell their monthly dump again?  Well, that 20% crash looks a good discount to me. 
No, the team didn't dump their stash, and no, there was no 20% crash but rather a major drop throughout the entire market thanks to BTC downward movement last week

the 18% drop that OP is talking about is probably the drop in the last 7 days. From Coingecko:

https://www.coingecko.com/en/coins/xrp

nothing to worry about for XRP hodlers, pretty much every major alt is looking at almost the same numbers in the 1-week charts. But yeah, a 20% discount is hella nice

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September 09, 2020, 08:22:30 PM
 #14

Move out of centralized assets, even though it might get recovered from the current drop it will be going to bust in the future probably will goes to zero as well.Add bitcoin,ethereum and other decentralized coins not the projects which came yesterday to the market and goes out of it in a week or month(s).

Well, why remove the possibility of profit?  May it be centralized or decentralized, investors must remove his emotion in order to gain maximum profit.  Emotion brings biased decision.  I hate XRP but the profit is too enticing.  Hate won't give me a profit but XRP does.
Hate is not the reason why I said move out of it, the real reason is which is centralized and speculative asset so the creator can print any amount of XRP at any time and can liquidate into the market and it is highly possible when the prices are surging so which is going to affect the investors so make profits from the decentralized assets if you don't want to get trapped in such situation.

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September 09, 2020, 09:17:19 PM
 #15

I don't think this token (XRP) justify its position on the coinmarketcap. This coin is against everything this space is all about, it is too centralised and have done nothing for the space rather the team keeps dumping their tokens on the market. I have a feeling it is going to lose its spot in the top 5 in this bull market
Taking into account that most people are moved not by ideologies but by their greed this is going to take a while, I agree when you say the fourth position in the market is undeserved but which coin can take its place? LINK or DOT? I do not think so because those projects will lose a lot of market power once the DeFi hype disappears for good, a bunch of bitcoin copies? Not in a million years, a stable coin? Tether already displaced XRP, so when you really think about it there are not really that many candidates that can replace XRP at the moment.

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September 09, 2020, 10:41:50 PM
 #16


Almost 20% dump ! Xrp needs a bit of patience IMO breakout coming. According to IMF and World bank , XRP
be the bridge to the Global Reserve Currency.
How can you sure  about XRP to be the bridge to the global currency while it has no chance to compete with mastercard?

https://cointelegraph.com/news/mastercard-launches-virtual-testing-environment-for-central-bank-currencies

The IMF or even world bank will actually use CDBC instead of ripple. This foundation is also rarely generating the profit and that means the burning portion to be used for the various things like marketing, development, etc is much greater rather than its margin profit.


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September 09, 2020, 10:55:16 PM
 #17

XRP hasn't performed good with all of those pumps that we've seen for bitcoin and ethereum.

It's one of the altcoins that didn't moved that much during those runs. 18% could be that much for you to cut loss but you still have chance to think about it.

Having bitcoin in portfolio is a big life saver.

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September 10, 2020, 02:12:03 AM
 #18

I don't think this token (XRP) justify its position on the coinmarketcap. This coin is against everything this space is all about, it is too centralised and have done nothing for the space rather the team keeps dumping their tokens on the market. I have a feeling it is going to lose its spot in the top 5 in this bull market

They have been in the market for too long, and that is why they have a good position in coinmarketcap.

And they have a lot of projects, unfortunately, it's not enough though as the price can't even get to the next barrier, wherein ETH has broken $400 many times already, while XRP remains in the $.20 range. Chainlink has proven it already and so is DOT, so I'm not surprised that the rankings on many altcoins might switch places again once we got on a full blown bull run next year.

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September 10, 2020, 02:40:16 AM
 #19

Ripple drop was not even surprising me at all. A shit token will be a shit token as the drop must be coming from it owner dumping their coin. I dont get it why peoples always see xrp as a good coin as we all know xrp is a centralized coin not a decentralized coin. What is so special being centralized and the infinite supply??

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September 10, 2020, 04:08:01 AM
 #20

Ripple's technology is good, but investing in XRP is not necessarily good. We are always hyping the payments project for technology, but Ripple's capitalization is too high and has no potential. Furthermore, in online forms of payment, Ripple cannot surpass Bitcoin and Tether.
Currently, the Ripple project owner owns the rest of XRP, which is hindering XRP's price increase.

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