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Author Topic: XRP price Hit $0.9, suddenly goes down in second  (Read 673 times)
fishbonez11
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November 24, 2020, 09:10:56 AM
 #1

It's my first time to Buy XRP last October 31 at a price of
0.22$. I just tried out of curiosity since there is only few kind of coins in my local wallet (BTC, ETH, BCH and XRP). I notice that in just few days the price grow without any idea that there is going to have fork on December 12.
XRP Fork news



With that in mind, I decided to hold the coin up to now and suddenly (Luckily) the price pump. Im not actually a fan of altcoins, so when I saw the price have already matured, I instantly convert my XRP. Without knowing, I saw a news why there is a sudden crash on the price. Coinbase goes down and in seconds, the price went down.

I really get a good amount of profit. Do you also get the chance to convert?

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November 24, 2020, 09:38:48 AM
 #2

0.9$ is possible for XRP, whatever happens should be consider a correction right now, wait till bitcoin finds it way up again and see what happens, I know many are buying XRP because of Spark airdrop but XRP already have what it takes to surge higher, this is the altcoin than higher institutions and banks have mind full mind on

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November 24, 2020, 10:31:39 AM
 #3

0.9$ is possible for XRP, whatever happens should be consider a correction right now, wait till bitcoin finds it way up again and see what happens, I know many are buying XRP because of Spark airdrop but XRP already have what it takes to surge higher, this is the altcoin than higher institutions and banks have mind full mind on

In the near future, we may see a price exceeding $1, but this will happen after the price drops to 40 cents. It is at this level that you will need to invest your funds in XRP, which came out with a 3-year accumulation. This is exactly the same movement we saw last time when its price went up to $3.





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November 24, 2020, 10:42:35 AM
 #4

It's my first time to Buy XRP last October 31 at a price of
0.22$. I just tried out of curiosity since there is only few kind of coins in my local wallet (BTC, ETH, BCH and XRP). I notice that in just few days the price grow without any idea that there is going to have fork on December 12.
XRP Fork news



With that in mind, I decided to hold the coin up to now and suddenly (Luckily) the price pump. Im not actually a fan of altcoins, so when I saw the price have already matured, I instantly convert my XRP. Without knowing, I saw a news why there is a sudden crash on the price. Coinbase goes down and in seconds, the price went down.

I really get a good amount of profit. Do you also get the chance to convert?


Never become panic buyer when getting some coin have raise more than 100% last three days like XRP and try to buy on higher price but you can see now what happen with XRP have down, I think is not reason how ever good news with some coin after raise more than 100% up to buy because you get bigger risk if you try to invest there, always take safety for investing and trading on some coin after raise up above 40% better looking other coin with still lower price and little growing up. I know how many investor will hold XRP after buying on higher price and need waiting for long time if hold XRP.

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November 24, 2020, 11:33:37 AM
 #5

0.9$ is possible for XRP, whatever happens should be consider a correction right now, wait till bitcoin finds it way up again and see what happens, I know many are buying XRP because of Spark airdrop but XRP already have what it takes to surge higher, this is the altcoin than higher institutions and banks have mind full mind on

Yes its just a correction many people who bought their xrp lower is already taking profit I don't think coinbase news is the main reason why it's dumped that hard . Base on the price right now it's slowly recovering I am not a fan of XRP but that 1$ is easily for them to achieve by this year or maybe we can see another ATH in XRP this year who knows?

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November 24, 2020, 11:44:43 AM
 #6

That is because a pump that happen in the market, but after that the price goes down. The price will go up again in the future, and not just stop at $0,9, but it will break $1. Maybe people still want to buy ripple because of getting the spark token, so maybe the price at that exchange list will get another pump in the next days.

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November 24, 2020, 11:52:37 AM
 #7

Coinbase crashed again... I think people will boycott this exchange soon as it goes down every time something important happens and cryptocurrency prices goes up. Because there are too many people complaining (in twitter for example) they they bought high and did not manage do sell Ripple when the price rolled back.

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November 24, 2020, 12:02:41 PM
 #8

Perhaps because of the resistance, rejected and many are selling for quick profits. To be fair I didn't see .9$, 0.7$ is the highest I witness and I said to myself that sooner or later it will hit a wall and it will go down. Similar to what we witnessed in bitcoin, $19,100 then goes down to $18,800 but it is still rallying up to this point so we might see it touching $19k again.

But we can't say about XRP though, might continue to blow off until 0.3$-0.4$ bottom.

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November 24, 2020, 12:04:09 PM
 #9

XRP recorded 4$ per XRP during the bitcoin bull run on 2017. XRP has a good reputation when it comes to marketcap volume that landed to the third rank in coinmarketcap.com list of crypto.

Anyway, you are lucky OP to quickly convert your XRP holdings when market is 0.9$ per XRP. I think it happen because most of the exchanges now especially with bitcoin are dropping its liquidity. Meaning whales or there are many peoplw now are buying crypto like bitcoin and XRP is one of it knowingly it reaches 100% of market price increase in just a few days.
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November 24, 2020, 01:22:08 PM
 #10

XRP recorded 4$ per XRP during the bitcoin bull run on 2017. XRP has a good reputation when it comes to marketcap volume that landed to the third rank in coinmarketcap.com list of crypto.

Anyway, you are lucky OP to quickly convert your XRP holdings when market is 0.9$ per XRP. I think it happen because most of the exchanges now especially with bitcoin are dropping its liquidity. Meaning whales or there are many peoplw now are buying crypto like bitcoin and XRP is one of it knowingly it reaches 100% of market price increase in just a few days.

Im actually hesitant on converting my coin, but I feel like I gain enough profit. Indeed, I am lucky the price goes $0.60 as of now, it is a great chance for me to accumulate more volume of it. Im not sure of XRP, Its still risky. But I make sure that I only buy what I can afford to lose, but like what youve said, XRP have reached a decent price in last few years and maybe I can trust what you said.
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November 24, 2020, 02:29:39 PM
 #11

Great time to hold xrp now as most of the holders and supporters were dissappinted and discouraged due to long time of downtrend and range trading. Now it looks like the momentum will stay and ripple can go on to hit previous highs which would be massive achievement.

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November 24, 2020, 03:52:13 PM
 #12

Still XRP holders have great profit today if they have converted their xrp. Holding is worth it and just wait again to rebuy at low price. If you are confident that xrp value will go up again, then just patiently wait. Timing is essential to gain profits.
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November 24, 2020, 03:52:32 PM
 #13

I just see the price of Bitcoin still going up and while the Bitcoin Domain is falling. That is the best condition for a series of altcoins to rise sharply in the past two days. In this bull market, any altcoin can quickly increase in value as long as they have a good community. XRP has many people who have stayed at the price of 3 $, some individuals and institutions bought them during the bear market. The current price level of XRP is a consequence of speculation and pumped prices.

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November 24, 2020, 04:26:06 PM
 #14

I won't call it dump because currently it's going up. This is a flash dump and shouldn't be rated that high dump. So many coins are really doing well lately and also BTC which Is like the king is actually doing amazing. I think all quality coins will excel this period
 And come to think of it, it's been a while xlm went up so there's tendency of more moon.


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November 24, 2020, 04:42:57 PM
 #15

everything is possible, look at the chart, two years ago it cost from and even a few dollars, and it was easy to sell any volumes, I personally found that time, but no one expected this and most sold tokens much lower.

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November 24, 2020, 04:43:40 PM
 #16

XRP price was almost near $0.9 and price go down to $0.6 and now again growing. I am sure XRP will cross $1 before 25 December as it is now trending. When XRP crashed suddenly all market crashed and now again recovered, BTC price also near to $20000 and hope it will soon the previous record.

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November 24, 2020, 05:00:48 PM
 #17

that's how cryptocurrencies work and it's commonplace,
because we know the resistance is at $ 1 for XRP, maybe there will be some drama before that happens,
yeah $ 0.9 is reached then corrections can happen too, so be wise.

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November 24, 2020, 05:10:13 PM
 #18

I just see the price of Bitcoin still going up and while the Bitcoin Domain is falling. That is the best condition for a series of altcoins to rise sharply in the past two days. In this bull market, any altcoin can quickly increase in value as long as they have a good community. XRP has many people who have stayed at the price of 3 $, some individuals and institutions bought them during the bear market. The current price level of XRP is a consequence of speculation and pumped prices.
Artificial maintenance of value for Ripple cannot give good prospects for the near future, and given the circumstances that a significant part of the coins is in the hands of a not very conscientious team, then I am very much wary of such an asset. Although the development of the cryptocurrency market due to the active growth of the Bitcoin exchange rate is quite acceptable and therefore ripple can show growth along with other altcoins.

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November 24, 2020, 05:14:09 PM
 #19

hold your XRP assets until the airdrop is distributed ... I am sure the XRP will continue to rise high.  I also have a little XRP, and will hold it until the airdrop is shared.  to be precise selling before the airdrop comes ... I don't need the airdrop but I need profit from the high price.

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November 24, 2020, 06:17:21 PM
 #20

I wouldn't say this looks sustainable neither. With the drop I say afterwards people could sell their coins to lower levels. Many people are buying XRP because they want to get Spark with it but they are overpaying it, doesn't look like Spark will worth the difference in coin when XRP goes down and you fail to sell at the right time.

Assume a scenario like this, you buy at around 0.7 right? And get 1 spark in return, if stark is around 0.2 that means you have to sell your XRP over 0.5 right? In order to make a profit that is the calculation. What if you buy at 0.7 and can't sell over 0.5? You will lose money even with the drop. So, there will be some people who will lose money even with the free coin they get, and plenty will sell even if they profit.

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