globalcitizen (OP)
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November 24, 2020, 10:24:24 PM |
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It is said that in the crypto world anything is possible. Could it be that the statement must have been the reason for the recent skyrocketing in the value of Ripple (XRP). Just 4 days ago the price of the coin was less than $0.32. What am I seeing today? A coin value above $0.69 giving more than a 100% ROI in less than a week. I'm lost! I can't figure out the real reason behind this jump in price. Could it be driven by the recent BTC moon or the activities of traditional financial institutions that XRP was created to serve? Will I be right to say that it's heading above $1 before it would retract (if at all)?. Let me know what you think or know?
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Bergluft
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November 24, 2020, 10:35:13 PM |
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People say history repeats itself. For me, this looks pretty similar to what happened 2017, first BTC roars, then Alts follow. right now could be the stage where this happens. If this is the case then XRP is up for a ride - it clearly outperformed BTC during the last bull run.
Other than that, there is the spark drop that probably attracts some investors. And there were some news of Bank of America joining RippleNet.
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Ah yeah.
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BillionaireWannaBe
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November 24, 2020, 10:49:04 PM |
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When you look at the terrible distribution of xrp and how it was distributed you will avoid it. I would pick lumens over it. Its centralized therefore price is easy to manipulate.
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ryzaadit
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November 25, 2020, 12:27:11 AM |
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Because there has some news "Airdrop" for XRP Holder, the snapshot will be happening on 12 December 2020. Also, because we have a good moment on the market make altcoin have a good season for right now.
I believe, the price will start to down before the snapshot/airdrop distributed just like other airdrops for every coin holder. IMO now the right moment to taking the profit not entering the coin.
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SabrinaBianka
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November 25, 2020, 12:36:46 AM |
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It is said that in the crypto world anything is possible. Could it be that the statement must have been the reason for the recent skyrocketing in the value of Ripple (XRP). Just 4 days ago the price of the coin was less than $0.32. What am I seeing today? A coin value above $0.69 giving more than a 100% ROI in less than a week. I'm lost! I can't figure out the real reason behind this jump in price. Could it be driven by the recent BTC moon or the activities of traditional financial institutions that XRP was created to serve? Will I be right to say that it's heading above $1 before it would retract (if at all)?. Let me know what you think or know? I heard some rumors that ripple team already traded their holding XRP to btc. I wondered that the team cannot dump again so for me that why the price of XRP came again. Also their new update, Today our cryptocurrency will pump if they has a good thing that can help the other and it can solve some problem like transferring money from other countries. Its so amazing! Good thing to xrp.
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Genemind
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November 25, 2020, 01:03:11 AM |
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The hype of the upcoming airdrop which is "Flare" is the cause of XRP to skyrocket. The snapshot will happen December 12 and we can expect crazy movements of XRP price since most people will take advantage of the upcoming free coin. Lucky those who were able to take advantage of the profit and those who are holding XRP.
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bittick
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November 25, 2020, 03:06:17 AM |
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It's clearly because there gonna be Spark Token Airdrop (FXRP) everyone has been asking about it recently and pretty sure 100% that's the reason of xrp reaches 2 year high. Everyone gonna make quick money out of it and then dump xrp and get out. It's always like that so you should expect the upcoming dump once the airdrop has been distributed. Just put on your seatbelt because the rollercoaster of XRP price is upcoming.
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meanwords
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November 25, 2020, 03:08:51 AM |
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Bitcoins bullrun followed by the incoming airdrop of this new fork is surely the catalyst of this event. I don't really know if this will retain this place though because the hype was being built by this 2 events. Imagine what would happen if the airdrop is finish and Bitcoin starts stabilizing.
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globalcitizen (OP)
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November 25, 2020, 03:16:12 AM |
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Because there has some news "Airdrop" for XRP Holder, the snapshot will be happening on 12 December 2020. Also, because we have a good moment on the market make altcoin have a good season for right now.
I believe, the price will start to down before the snapshot/airdrop distributed just like other airdrops for every coin holder. IMO now the right moment to taking the profit not entering the coin.
Thank you very much for the information. I didn't hear about the Airdrop announcement for XRP holders. That obviously must have contributed immensely to the pump. Also, I think you're right, this is not the time to enter the market but the time to cash out for those who were lucky to have entered before the recent boom.
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globalcitizen (OP)
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November 25, 2020, 03:27:54 AM |
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It's clearly because there gonna be Spark Token Airdrop (FXRP) everyone has been asking about it recently and pretty sure 100% that's the reason of xrp reaches 2 year high. Everyone gonna make quick money out of it and then dump xrp and get out. It's always like that so you should expect the upcoming dump once the airdrop has been distributed. Just put on your seatbelt because the rollercoaster of XRP price is upcoming.
That's a great insight from you. I actually was unaware of the above reason you gave. But I feel good reading that because yesterday I advised a friend of mine that wanted to invest in XRP at its current pumped price not to do so and he heeded my advice. I told him that it was going to crash and it will be better for him to wait till January or February before entering the market. I always think that first quarter of the year is usually the best time to invest in the crypto market.
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yazher
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November 25, 2020, 04:13:08 AM |
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There are those investors who wait for the right time to buy XRP and you still have some people who switch their BTC to XRP after it gains a lot of profit from its original capital and XRP is the best to choose than USDT. When some people see the price of XRP is rising, they thought there was a bull run in XRP but that just a mere switch and they also buy XRP with that thought. With this, the bull run of XRP has happened now.
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Coin_trader
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November 25, 2020, 04:18:48 AM |
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FOMO kicks in again, We all know that XRP is a hype coin from the beginning. The price of the coin goes undervalue for a long time from its ATH. The recent airdrop ignites the hype of this coin and this hype will never end until BTC trends reverse. Maybe we will witness a new ATH on this coin. So glad that I bag a shit tons of this coin during the massive dump. Didn't expect that this will happened this early time.
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Gunday_07
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November 25, 2020, 06:47:08 AM |
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We have many sleeping giants in crypto space, many altcoins have really show how pumpy they can become yet but XRP seem to have take the lead, I'm not surprised though, if Bitcoin haven't surge to 19,000$ XRP won't be where it is today, another good thing about XRP lately is the Spark airdrop that can be acquires only by XRP holders, this is just the beginning
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Scripture
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November 25, 2020, 06:52:22 AM |
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Because there has some news "Airdrop" for XRP Holder, the snapshot will be happening on 12 December 2020. Also, because we have a good moment on the market make altcoin have a good season for right now.
This is great for the hodlers of XRP and hopefully this is not just a hype. Considering the market situation, XRP is one of the best altcoin and of course it will benefit from the bull trend and I've also heard good news about XRP with their new partnership, this can be the reason of the big pump. History of course repeat itself, same thing with the other coins, there's a lot of sleeping giant and I hope they also participate on bull trend.
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TitanGEL
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November 25, 2020, 07:47:39 AM |
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The hype of the upcoming airdrop which is "Flare" is the cause of XRP to skyrocket. The snapshot will happen December 12 and we can expect crazy movements of XRP price since most people will take advantage of the upcoming free coin. Lucky those who were able to take advantage of the profit and those who are holding XRP.
For me it is also the catalyst why the price of the XRP skyrocket in these past days, I actually regret because I choose ETH to trade than XRP; for sure it is smelling free money for those who have bags of XRP where they will get the Flare token for free. I'm waiting if there will a correction that may happen for me to enter and get a token, XRP is doing great wherein it has a triple digit gain in just 3 days. Imagine if you have big capital and you able to catch it ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) . For sure that there will be still opportunity so stay tuned and we should monitor the chart of the XRP in order to not miss that golden opportunity to enter and also to get the Flare.
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bitterguy28
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November 25, 2020, 12:05:48 PM |
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When you look at the terrible distribution of xrp and how it was distributed you will avoid it. I would pick lumens over it. Its centralized therefore price is easy to manipulate.
But that is not the question so please don't advertise your coins in safety manner haha. is this enough to make this rocket?or there are some elements that playing the situation?
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IkonaDro4ku
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November 25, 2020, 12:17:33 PM |
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Many such partnerships have been signed before as a result where are they all now? I mean how are they being executed now. I won't be surprised if in a couple of months the price is 30 cents again...
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perla
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November 25, 2020, 12:20:51 PM |
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It reaches $0.9 but drops to $0.6 in just second if I'm not wrong so I really think that it can be more than $1 in no time, maybe we should just wait a little more or invest more on Ripple I was thinking about it but I'm not quite sure if it's good now to invest on it.
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cheezcarls
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November 25, 2020, 12:26:29 PM |
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It maybe because of the Flare airdrop where XRP holders are gonna be benefited from this. On Facebook, I see lots of people calling XRP a shitcoin back then when it was hovering around $0.20 to $0.25. And now the price got more than tripled already and it returned to the 3rd spot on CoinMarketCap. My cousin who is holding XRP must be very happy to see this pump, but expect that a correction or pullback would happen anytime. If I were you guys, sell the profit and keep the capital. Just my opinion.
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