Top on 3 Reasons, Why XRP Price is Pumping very hard

[CaVO32]

OP should put some reference links on his post.

https://coinpedia.org/news/why-xrp-price-is-pumping/

https://coinpedia.org/news/analyst-bullish-on-ripple-xrp-price/

Also, XRP did buyback recently and it was the first time in their history. In which, they said may continue this activity. This will be good in supporting the price level in their market and may further contribute to the increase of its value.

Source : https://www.theblockcrypto.com/linked/83995/ripple-purchased-xrp-q3-2020

[jamkesmas]

I think there are many reasons that could make the XRP price go up, one of which is that it is seen from the conditions of a busy exchange place and the increasing price of bitcoin can have a good impact on XRP prices, especially now that XRP will have a good event.

[bittraffic]

I think there are many reasons that could make the XRP price go up, one of which is that it is seen from the conditions of a busy exchange place and the increasing price of bitcoin can have a good impact on XRP prices, especially now that XRP will have a good event.

O can only read about the flare tokens actually. It's going to make sense to buy XRP if XRP will be partnering with CBDCs around the world.

[viananda2525]

OP should put some reference links on his post.

https://coinpedia.org/news/why-xrp-price-is-pumping/

https://coinpedia.org/news/analyst-bullish-on-ripple-xrp-price/

Also, XRP did buyback recently and it was the first time in their history. In which, they said may continue this activity. This will be good in supporting the price level in their market and may further contribute to the increase of its value.

Source : https://www.theblockcrypto.com/linked/83995/ripple-purchased-xrp-q3-2020

we must appreciate articles writer by mentioned the source link in our thread. its be rare action by popular cryptocurrency project by buyback coins in market, even another top coins never do the same thing with xrp. so its no strange if investors have strong faith

[Roidz]

I think there are many reasons that could make the XRP price go up, one of which is that it is seen from the conditions of a busy exchange place and the increasing price of bitcoin can have a good impact on XRP prices, especially now that XRP will have a good event.

In the past month, the price of XRP has jumped more than 90%. This crypto asset manages to take the moment and go along with Bitcoin (BTC) and Ether (ETH). There are many things that might be the cause of the XRP rally in the market today and it seems that the main cause of the soaring XRP price is the flare / snapshot network on several major exchanges, Ripple buybacks, and the possibility of a new product launch that has been initiated by XRP developers for some time. However, the most compelling reason right now that is the reason for the increase in XRP prices in my opinion is the Snapshot event or network flare which will be taking place soon.

[xZork]

Despite all of these good news and believe me the main reason that has been making ripple go to the moon was the spark airdrop. You will able to get free money and people were massively buying it.
The early buyers are the winner in this case.
Imagine when someone have 1 million XRP and he will get 1:1 ratio spark token then the price of spark will worth 10 cents.
he was getting 100k instantly without needed to do a lot of effort.

It's a great aridrop program and people are probably going crazy about it. However, there is no denying that there is a lot of good news from the XRP project and the XRP coin is doing very well during this period of time.
However, I think XRP will be very hard to get past the $ 0.7 price point in late 2020.

[acdc]

Let's see how much the XRP rate will rise. Many people know that XRP does not have as much volatility as Bitcoin. Hope it will go up to 1$!

It is difficult to see the price of XRP rise to $ 1 in the near future, at least we won't see that in 2020.
XRP has a lot of fans, but with more than 45 billion, XRP needs nearly $ 19 billion to reach the $ 1 price.

[MCDev]

The biggest reason XRP is bullish at this point is because the altcoin season is underway. Nearly all good altcoins are bullish at this point, and XRP is no exception.
So in addition to the 3 reasons you give, you should add the reason the altcoin season is happening in the first place.

[omone1]

I actually bought XRP because of the upcoming spark airdrop and not any news. The way XRP coin supply is programmed always scare the hell off me. I believe most people bought ripple because of the upcoming airdrop which binance will be supporting.