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Author Topic: 18% XRP Price Drop ! ~ Moon or Bust?  (Read 494 times)
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September 15, 2020, 10:14:56 AM
 #41

Xrp is my main Long term hold along with Ethereum.

quick question:

do you like your money?

If your answer is "yes" I would like you to review the following:

How long are you holding XRP and what price did you buy it for and when was the last time XRP reached more than $ 0.50?

then look at other projects that came after XRP that already had 10X profit

I think that with this you will understand

Xrp needs a bit of patience IMO breakout coming.

How long have you been saying this to yourself?

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September 15, 2020, 10:40:02 AM
 #42

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.

Perhaps he was referring to the average price for a certain period of time. If you take for example the last year and look at the charts of the movement of the coin, it really turns out that on average for one increase the price rises and falls by$1. Perhaps he meant something completely different, but according to my conservative calculations, the price is obtained with an average deduction.

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September 15, 2020, 10:48:37 AM
 #43

It is better to just hold XRP in small quantities. I think its large total supply is going to make it harder for the coin to have a significant increase in price. I would rather hold ETH and BTC in bigger quantities than XRP.

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September 15, 2020, 11:39:41 AM
 #44

It is better to just hold XRP in small quantities. I think its large total supply is going to make it harder for the coin to have a significant increase in price. I would rather hold ETH and BTC in bigger quantities than XRP.

XRP is an extremely risky crypto-asset. It is highly risky because of its centralized nature. The vast majority of the total supply is not in free-float. If any of the promoters want to dump his holding, then it can destroy the exchange rates. Ever since I entered the world of cryptocurrency, I have stayed away from this coin. There are far better cryptocurrencies out there to invest.

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September 18, 2020, 10:04:40 PM
 #45

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.
That is not really a prediction that is a wish, after all a movement of 1.59% in this market is nothing when we have seen a coin like bitcoin move more than 10% in a single hour, the truth is that if you look at the chart of XRP this particular coin is still in a bear market, if you take a look you will see that the coin is still producing lower highs and lower lows which is a clear sign of a coin that is crashing and when you add that it has lost its third place to tether  then it is impossible to talk about any kind of bull market for the coin.

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September 18, 2020, 11:28:21 PM
Last edit: September 20, 2020, 01:16:18 AM by Danslip
 #46

In contradiction, DEFI can not be good for XRP due to the obvious reasons. Don't look at the currently pumped DEFI numbers, the dust will settle and only strong altcoins will survive in the next market cycle which likely will be a bear season. Better diversify the portfolio with various altcoins and don't look at the portfolio performance every day. Holding XRP in small portfolio can be a reasonable compared to buying in big portion or going all in. I recommend to invest wisely and DYOR before investing a single penny.

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September 18, 2020, 11:44:09 PM
 #47

It is better to just hold XRP in small quantities. I think its large total supply is going to make it harder for the coin to have a significant increase in price. I would rather hold ETH and BTC in bigger quantities than XRP.

XRP is an extremely risky crypto-asset. It is highly risky because of its centralized nature. The vast majority of the total supply is not in free-float. If any of the promoters want to dump his holding, then it can destroy the exchange rates. Ever since I entered the world of cryptocurrency, I have stayed away from this coin. There are far better cryptocurrencies out there to invest.

This is actually something to look at on this coin. What if one of the owners decided to leave and sell his share? This scenario is very possible to happen. I like how cheap XRP transaction fee is and how fast it is. But it is the team managing this is quite the scare from crypto users. Because it is centralized, you'll never know what will happen to their coin once there's a change with their management.
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September 19, 2020, 03:40:39 AM
 #48

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 don't think we will see much scope for price increase in ripple because the market cap is too high and it's too centralised for my liking. But yes it's kind of a safe investment for now and relatively hasuch less volatility.


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September 19, 2020, 03:45:42 AM
 #49

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
We are complaining whenever there is a Big losses in prices but never be thankful when the price grows Higher is this fair?

XRP had a great days last year and even the start of this 2020 so why bother today since you mentioned that you are a Holder?

if you really Hold then nothing to be more concern than the day of growth and not in the day of fall.

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September 19, 2020, 04:30:21 AM
 #50

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 don't think we will see much scope for price increase in ripple because the market cap is too high and it's too centralised for my liking. But yes it's kind of a safe investment for now and relatively hasuch less volatility.

I can say that it can be less volatility since the value is was already down from the last time ATH.

But for sure there are many things that can possibly happened along the way, chances that big whales who are also into
this coin made create good pumped and bring the value to rise, we never know only risk takers can hold it and wait for
long term success.

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September 19, 2020, 04:37:35 AM
 #51

For the life of me I'll never see XRP as a worthy cryptocurrency to hold for the future. I still think they have outlive their value in the cryptocurrency industry, a lot of people have seen them as centralized exchange and its hurting the project a whole lot. Stop all this IMF talks, it's against the true believe of Bitcoin and cryptocurrency
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September 23, 2020, 05:14:41 PM
 #52

In contradiction, DEFI can not be good for XRP due to the obvious reasons. Don't look at the currently pumped DEFI numbers, the dust will settle and only strong altcoins will survive in the next market cycle which likely will be a bear season. Better diversify the portfolio with various altcoins and don't look at the portfolio performance every day. Holding XRP in small portfolio can be a reasonable compared to buying in big portion or going all in. I recommend to invest wisely and DYOR before investing a single penny.
While I personally do not like XRP in principle I can see why some people may be attracted to it as a coin with potential for growth however I think that only a very small amount of your portfolio should be invested in it, something like 2% to 3% seems about right and while some may think this is too little money to put in such a coin at the same time we needed to remind them XRP is neither BTC or ETH and that it does not offer the potential for growth that other coins offer so it is a coin that does not do anything exceptionally well when it comes to being an investment and as such it does not deserve as much attention as other coins.

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September 23, 2020, 07:14:34 PM
 #53

I believe from this point XRP only have one direction it is heading to and that is down, when you have a token that is as centralized as XRP in a decentralized setting like Crypto then you need to understand how the space feel. the team just withdraw XRP tokens worth over $100 million and I am sure some if not all is going to exchange to dump on gullible people. Take your loss before it is too late

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September 23, 2020, 07:48:23 PM
 #54

I believe XRP is made for the future.  We should consider for it as a long term investment. Last month there was a surge in XRP price to my surprise, so correction is expected. I am not worried about what XRP's price is at the moment. Soon, this will stand still among other alts.

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October 03, 2020, 03:01:41 PM
 #55

I believe from this point XRP only have one direction it is heading to and that is down, when you have a token that is as centralized as XRP in a decentralized setting like Crypto then you need to understand how the space feel. the team just withdraw XRP tokens worth over $100 million and I am sure some if not all is going to exchange to dump on gullible people. Take your loss before it is too late
I would agree with that but the reality of the markets seems to contradict your posture, if people were so worried about centralized coins then XRP will not have a market cap over 10 billion dollars and be the fourth coin in that category, it is obvious many people do not care about that and they keep investing in XRP thinking it will go up in value anytime now, personally I do not see it since it has been a coin that has given losses since 2017 but if there are a few people that believe still in this coin I am not going to argue against them as most likely they have heard my arguments many times already.

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October 10, 2020, 05:19:51 PM
 #56

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.

I used to be very skeptical about Ripple, but I have changed my mind a bit. XRP is a very successful crypto, as the time has proved. This success is due to the unique characteristics of this coin, the main of which is the ability to make payments anywhere in the world almost instantly.

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October 10, 2020, 06:29:54 PM
 #57

If you need a friendly advice, well here's it, dump or reduce the amount of Xrp you're holding and buy some more Ethereum, since the ETH 2.0 might launch any time soon you might make some nice profits from buying it now that it about $370, cus it has a potential to reach its last all time high after the ETH 2.0 is been deployed , Ripple is becoming more of a stable coin as the days goes by, why do I say so? Well, that's because they are not price movements for the past one year now, it's just moving in a range, I this days I rarely hear about it unlike back then when it was over hyped, the Ripple team is also not doing well by dumping huge amount of the tokens on the market regularly ,there's no way the value can increase if they keep doing that. "its just my opinion tho"

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October 10, 2020, 11:47:28 PM
 #58

I used to be very skeptical about Ripple, but I have changed my mind a bit. XRP is a very successful crypto, as the time has proved. This success is due to the unique characteristics of this coin, the main of which is the ability to make payments anywhere in the world almost instantly.
If you are looking for the profit then you might in the long term, the reason i am not a big fan of the coin is simply because i do not consider XRP as a traditional cryptocurrency and for that reason i am not holding that anymore but if your intention is to make a good profit then it might be possible as you cannot anything concrete about a centralized coin.

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Vishnu.Reang
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October 11, 2020, 01:11:55 PM
 #59

XRP is an extremely risky crypto-asset. It is highly risky because of its centralized nature. The vast majority of the total supply is not in free-float. If any of the promoters want to dump his holding, then it can destroy the exchange rates. Ever since I entered the world of cryptocurrency, I have stayed away from this coin. There are far better cryptocurrencies out there to invest.
This is actually something to look at on this coin. What if one of the owners decided to leave and sell his share? This scenario is very possible to happen. I like how cheap XRP transaction fee is and how fast it is. But it is the team managing this is quite the scare from crypto users. Because it is centralized, you'll never know what will happen to their coin once there's a change with their management.

Well.. the promoters can't sell their share in one go. There is not enough liquidity in the market to do that. If you check the daily trade volume of XRP, then you can find the numbers are lower than that of many of the altcoins outside the top-10 list. The promoters may be dumping their holdings, but they are doing it very slowly and using multiple exchanges.

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October 11, 2020, 11:51:37 PM
 #60

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 agree with you that XRP is a very good investment choice in the long term, because I also have hopes for XRP and believe that the price of XRP will increases very high, so that I can make a big profit and all the time I spend holding XRP will pay off with the price of XRP increases very high.

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