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Author Topic: 18% XRP Price Drop ! ~ Moon or Bust?  (Read 527 times)
BannQuinn
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September 10, 2020, 05:09:28 AM
 #21

When it really comes down to it, XRP correlates with BTC. However, I'm not saying once Bitcoin hits it's ATH that XRP will as well because XRP has lost much of it's base since then and it's pump was partially due to it's introduction to Coinbase and South Korean investor access at the time. When Bitcoin reaches 20k again, I truly believe XRP could potentially see 1 USD, which is huge for the people who've been collecting an holding since it's crash 3 years ago. But the longer it takes Bitcoin to pump back to 20K, the more XRP's correlation decreases as people continue to lose interest. It's market cap still makes it 3rd behind ETH and BTC, which gives me hope. But coins like LINK have begun to rapidly fill in the gap beneath the top 3 while Defi is still a major unknown factor to "traditional" crypto..
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September 10, 2020, 05:10:54 AM
 #22

Even the XRP community didn't feel good with the dump that has already made by the company and former of ripple founder (jed). How do you think that possible for ripple? i remember when community of ripple has already made a petition for the company to add more vesting period for the premined coin.

Defi is much more better than ripple in term of the usability and remember XRP never offered a utility usage to its holders. I never sen the XRP holders get advantage from holding their coins.

You must see the defi users can earn interest from the defi service while ripple gives nothing for sure. I doubt ripple can't defend its position to be the top 4 of crypto based on MCAP.

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September 10, 2020, 05:33:36 AM
 #23

With the founder of XRP, Jed McCaleb, dumping $75 million worth of XRP, that's a lot, and regardless of its value today, it's going to take a big stack. According to this article:

However, Whale Reports believes that McCaleb’s settlement agreement with Ripple will end in 2020, and that the restrictions regarding how much XRP he can sell daily/yearly/monthly will be lifted.

So I think it's quite near that it is going to be less valued from now knowing that Jed is going to dump all at once. I think he is just waiting for this moment and dump it all.





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September 10, 2020, 06:01:35 AM
 #24

Haven't you sold some of your hold xrp when it pump the last time? I sold mine but I still have some of it and I am still calm. 18% dump is usual.
Let's just hope that it will perform upward rebound movement.

Investors are aware about that immense volatility of such coin, thus if xrp dumps even at 20% below the immense gains will still definitely achieved when it bounced up.

According here;

Quote
XRP may have bottomed out, ready to retest $0.27

No need to panic.

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September 10, 2020, 06:23:11 AM
 #25

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??
Categorically, Ripple is not a dirt token even though the supply is unlimited, because dirt tokens are unlikely to get a good position on the coinmarketcap and coingecko rankings, so this shows that Ripple is not a dirt token and regarding price reductions I think that's a common thing inside. crypto when market conditions are not good.


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September 10, 2020, 09:27:09 AM
 #26

IMO, I believe that XRP is a real deal it's not just a fly by night cryptocurrency because it is a working product of a duly registered company which is the Ripple, in that case, I believe that the XRP price today is not that important because its a long term project and if we compared XRP from other cryptocurrencies with the same supply level I think XRP price was far more stable. 

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September 10, 2020, 09:50:20 AM
 #27

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
I don't know but isn't it kinda weird that you are holding Ripple and Ethereum but you aren't holding Bitcoin for some reasons.
Anyway, your money so your decision but in the past few days the crypto market is in a short correction. No need to panic because there will be a time that coins will go up. Be patient and just accumulate more and more. Try to get some Bitcoin to Smiley.

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'm not pessimistic on Ripple but with their reputation against the investors which is somewhat negative, I will not hold any XRP for long term and I'd rather hold BTC or ETH than XRP.

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September 10, 2020, 05:33:07 PM
 #28

Ripple has been showing no signs of life for several months, and now with DeFi hype I think hardly interested. I know a lot of people who bought a lot of XRP back then and are now sitting with their tokens because the price has gone down rapidly and no one knows when it will go up again, if at all

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September 10, 2020, 05:43:25 PM
 #29

The price decrease we're seeing in the cryptocurrency market is universal. Most tokens have experienced a recent decrease in value due to the reduction in the value of Bitcoin. Ripple was not left behind in the drop and had a free fall. In most cases, when we experience this level of decrease, its because of market correction and I know that the value would increase again very soon.
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September 10, 2020, 08:46:20 PM
 #30

I believe the price of Ripple going down are just because of Bitcoin price, and it's not only affected to XRP, most of Altcoin are also affected because of Bitcoin price drop. Even Ethereum also dropping so much, like from $480 down to $330, and i think it's even more than 18%, which is quite bad. In my opinion all of this are simply just a correction, and most of them will recover at any point.

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September 10, 2020, 09:18:53 PM
 #31

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.
Anyone invested in XRP is optimistic about its future and can dream about a centralized coin being the bridge to the global reserve currency and if you really think that it is the future and hence holding the coins more power to you. If the investors could get a good profit so be it but to call it the future of monetary system is a bit too much.

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
According to your above statement you classified XRP as the bridge to global reserve currency and if that is the case why would you need DeFi to be the push the XRP market needed  Roll Eyes.

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September 10, 2020, 09:29:39 PM
 #32

I believe the price of Ripple going down are just because of Bitcoin price, and it's not only affected to XRP, most of Altcoin are also affected because of Bitcoin price drop. Even Ethereum also dropping so much, like from $480 down to $330, and i think it's even more than 18%, which is quite bad. In my opinion all of this are simply just a correction, and most of them will recover at any point.

thats very right! not only xrp is at loss in the past few days, almost other alts as btc goes down. so when btc starts pulling up, and so these alts also, including xrp.
 and also for the OP, he might want to look other currencies to invest with not only xrp, and eth is a very good candidate right now. but whatever coin he will venture with, need to do his own risk assessment because it is only him that will be responsible to his own funds.

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September 10, 2020, 09:59:05 PM
 #33

Xrp is my main Long term hold along with Ethereum .
Why?  Huh

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 .

He made a big mistake of buying so much of this centralized shitcoin in the first place.

Position on market cap that relies only on the potential not real value of all coins in circulation should not make you want to hold the coin.
Always rely on utility and fundamental analysis not some promises of a CEO.

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September 14, 2020, 06:05:49 PM
 #34

IMO, I believe that XRP is a real deal it's not just a fly by night cryptocurrency because it is a working product of a duly registered company which is the Ripple, in that case, I believe that the XRP price today is not that important because its a long term project and if we compared XRP from other cryptocurrencies with the same supply level I think XRP price was far more stable. 
I am not trying to be too harsh but what kind of investor or trader can say something like this, the price is everything and XRP despite being a project that has been in the market for very long has not showed significant profits in years, who in his right mind is going to keep being invested in such coin when projects like bitcoin and ethereum have showed a significant better performance over the same time period, besides when you add that XRP is extremely centralized it is fair to ask us if it qualifies as a cryptocurrency when it has such important ties to banks and to me this makes XRP a project not to be trusted.

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September 14, 2020, 06:41:14 PM
 #35

Xrp is my main Long term hold
I will advice you to sell it and remove it from the list of your long term holding because XRP is a high manipulated altcoin. You ought to be aware of that by now through the profit you make from your long holding of XRP and ETH

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.
Dont believe everything you hear from this kind of group cause most them make paid advert or intent to pump the price of their puppet coins. TI thats was penalized by the SEC is an example.

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
There's no bullish future for XRP cause it has no benefit or something good whatsoever to give to crypto communities.

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September 14, 2020, 07:55:31 PM
 #36

IMO, I believe that XRP is a real deal it's not just a fly by night cryptocurrency because it is a working product of a duly registered company which is the Ripple, in that case, I believe that the XRP price today is not that important because its a long term project and if we compared XRP from other cryptocurrencies with the same supply level I think XRP price was far more stable. 
I am not trying to be too harsh but what kind of investor or trader can say something like this, the price is everything and XRP despite being a project that has been in the market for very long has not showed significant profits in years, who in his right mind is going to keep being invested in such coin when projects like bitcoin and ethereum have showed a significant better performance over the same time period, besides when you add that XRP is extremely centralized it is fair to ask us if it qualifies as a cryptocurrency when it has such important ties to banks and to me this makes XRP a project not to be trusted.

Always prone to any possible manipulation from both developers and the whales who are supporting behind.

You have to make a better assessments if you are willing to take some ride with this assets, though not for being an investors
but I'm using this coin to transfer my assets as my local wallet also added this coin to their wallet, after sending my fund I
automatically convert it to local fiat to avoid any heavy fluctuation.

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.Duelbits.
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September 14, 2020, 11:55:41 PM
 #37

It's not only XRP that has experienced a decline in price because Bitcoin fell below $ 11,000. But all other coins experience the same thing.
Seeing the very strong fundamentals of XRP, I am sure that the price of XRP will go up again, and I predict that XRP will be able to go up
to the price of $ 1. If we look at the market now that the XRP price has now started to rise by around 1.59%. This good sign for XRP,
then XRP holders will have to be a little patient to see XRP go to the moon.

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September 14, 2020, 11:58:39 PM
 #38

It's not only XRP that has experienced a decline in price because Bitcoin fell below $ 11,000. But all other coins experience the same thing.
Seeing the very strong fundamentals of XRP, I am sure that the price of XRP will go up again, and I predict that XRP will be able to go up
to the price of $ 1. If we look at the market now that the XRP price has now started to rise by around 1.59%. This good sign for XRP,
then XRP holders will have to be a little patient to see XRP go to the moon.

$1 is still a long shot for XRP. But if they will continue with partnerships or collaborations with big companies, they will have chance to increase its value even if this one is centralized. What I like about this coin is that their transaction fee is really really cheap and they are fast. If more merchants or companies will deploy this coin as part of their payment method, this will give huge boost with XRP's value.

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September 15, 2020, 12:40:19 AM
 #39

It is better not to take this drops seriously, XRP never had such strong market support and finds it normal these days since most new projects soar high. And besides, investors neglected to see XRP as they know that this coin is fully controlled, not it makes them profitable than investing in another project gonna be old or new.


XRP remains to its position and people keep also thinking about its capabilities.

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September 15, 2020, 03:00:48 AM
 #40

and I predict that XRP will be able to go up to the price of $ 1. If we look at the market now that the XRP price has now started to rise by around 1.59%. This good sign for XRP,
then XRP holders will have to be a little patient to see XRP go to the moon.
How can you conclude that the XRP price will increase by 1 usd just looking at the XRP price increase of around 1.59%?
if the intention is to hold for the long term and when the market is already bullish there may be a chance that the XRP price will go to 1 usd,
but if the reason is because the XRP price increase of 1.59% is very difficult to reference, maybe you can provide a little explanation and also chart analysis about it.

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