Why are people still buying XRP?

[lousie9]

maybe they have high confidence that XRP can pump more than they target. but the reason behind it all depends on their beliefs, on the other hand we know that at that time XRP got bad news from various parties and had dropped to the rate of $ 0.2 until now pumping back to the price of $ 0.5. but if you believe in this coin, you can invest in it. and for me personally not 

[redsun114]

People are still buying xrp because what really matters is the chart and not the news.
The charts looks bullish (weekly W).

But, we the traders are the ones who make a coin bullish and bearish so why suddenly are all the investors getting back into Ripple? I think some big guys are playing with the ripple market right now and a big drop is almost about to happen.

I stopped buying and selling of ripple the day I heard they have issues with SEC and whatever small amounts I held, I sold them sometime ago.

Personally I lost huge amount of money by investing on XRP when the news was published that RXP will be listed on coinbase.

If you kept the faith you could have easily avoided all the loss as the price has come back strong. Coinbase de-listed them because I believe SEC forced coinbase to do the same.

[Botnake]

maybe they have high confidence that XRP can pump more than they target. but the reason behind it all depends on their beliefs, on the other hand we know that at that time XRP got bad news from various parties and had dropped to the rate of $ 0.2 until now pumping back to the price of $ 0.5. but if you believe in this coin, you can invest in it. and for me personally not 

Some people maybe still buying XRP, but not the volume of people that we expect to buy during the bull run because XRP's volatility now is still within range, it has not grow significantly just like other coins in the market, I guess XRP will only be stuck below $1 and as long as it's volatile, there are still people who will buy for short term trade, not for long term hold.

[Kelvinid]

because many still have demand and use.people will stop using it when it's not needed no one wants to use it already doesn't have what it needs then xrp will slowly be forgotten.But reality says otherwise it's just a matter of politics when SEC announced banning of XRP yesterday.

As long as people can see XRP in the market, they will never stop making a trade. I use XRP sometimes, converted my BTC to XRP, I save the cost since BTC's transaction fees are so high sometimes and this XRP is saving a lot.

The issues that XRP is facing now have no final results, they not found guilty yet which is why XRP remains active and tradable. Will it have to expect that XRP will be out from the crypto market? If I am the owner, I was supposed to let it happen. XRP will never have its end, they can surpass these struggles and difficulties. That they only need to prove that they are no a shit project just like the others.

[TimeTeller]

because many still have demand and use.people will stop using it when it's not needed no one wants to use it already doesn't have what it needs then xrp will slowly be forgotten.But reality says otherwise it's just a matter of politics when SEC announced banning of XRP yesterday.

As long as people can see XRP in the market, they will never stop making a trade. I use XRP sometimes, converted my BTC to XRP, I save the cost since BTC's transaction fees are so high sometimes and this XRP is saving a lot.

The issues that XRP is facing now have no final results, they not found guilty yet which is why XRP remains active and tradable. Will it have to expect that XRP will be out from the crypto market? If I am the owner, I was supposed to let it happen. XRP will never have its end, they can surpass these struggles and difficulties. That they only need to prove that they are no a shit project just like the others.

That is actually one of the main use case of XRP to traders.
They are using XRP as transfer coin from one exchange to another because of its cheap fees.
Also, a lot are still buying because they are hoping that XRP team can surpass their battle with SEC.
Now, the price is going down a lil bit because of the news that settlement is not on the horizon as of the moment.

https://www.coindesk.com/ripple-sec-say-settlement-unlikely-before-trial-over-alleged-securities-violations

[tabas]

centralized crypto is a stupid idea anyway....

But still many do use it because it's quick and cheap. And people wouldn't care about the lawsuit anymore. They just go as is with the flow of the market.
I thought that it will drop a lot up to $0.1 but it's not. There's still enough demand on it to meet what the investors are thinking about it anyway. Regardless of that, I won't buy it.

[marilynmanson21]

maybe they have high confidence that XRP can pump more than they target. but the reason behind it all depends on their beliefs, on the other hand we know that at that time XRP got bad news from various parties and had dropped to the rate of $ 0.2 until now pumping back to the price of $ 0.5. but if you believe in this coin, you can invest in it. and for me personally not 

I also don't think there are many people who support XRP, in a few days XRP will settle its problem with the SEC, we'll just wait, whether the XRP price will go up higher or will go down and return to the price 0.1 USD  I am sure, what is pumping up the XRP price is not investors, but short traders or novice traders who follow the XRP FOMO.

[velive08]

besides supply and demand there are still many people affected by the issue if xrp will have a fantastic price in the future. in fact, a token must pass a winding road when it wants to reach the top. but people don't care about it. So that's one of the reasons people still buy XRP

[BILLyDcar]

We can still get some profit from trading it in a short time and also XRP market still goes pump and dump, as long as XRP goes on it's traders will goes on as well

[zerogrown]

I got disinterested in XRP back in March 2020 when I learned about the 20 XRP wallet minimum. That was a deal breaker for me because it requires people to invest some money that they will never be able to access again. Also, I did not like how XRP is centralized. But now, with the giant lawsuit, why are people still buying?

Simple, they have faith in it. In my experience, lost about 50% on XRP actually when the lawsuit was announced. Had to sell it. But seeing how things are going, the volume still stands for XRP and the price is still rising amidst the lawsuit.

[gwdf1]

because many still have demand and use.people will stop using it when it's not needed no one wants to use it already doesn't have what it needs then xrp will slowly be forgotten.But reality says otherwise it's just a matter of politics when SEC announced banning of XRP yesterday.

If you are a risky trader, then XRP can be either a big win or a big loss after the SEC makes its decision. But as a rule, the higher the risk, the greater the opportunity to make a good profit. People hope that the trial will end with Ripple's victory and the project will regain its reputation in the future.

[Mehedi72]

I just visit coingecko to check ripple price.warning is still showing about Ripple as it is still charged by SEC.even after seeing that, People are taking more risk cause they are buying more and more ripple when they aware that their ripple could be freeze anytime and they could lost their captial! But they taking risk cause they belive that, ripple team would solve this issue and after that. Ripple value will blast.so they still buying ripple as if its an oppourtunity to get profit

[Balladtony77]

Most investors turn their back on xrp because of sec involvement in the project but the smart investors knew that the sec involvement won't last forever and they knew they can make gain from the project, as a matter of fact look around you it's already happening, ripple won't go down without a fight I know it's risky but all crypto projects are risky too, you got to take the chance

[CryptoMargo]

Ripple fans hold and invest in XRP because they believe that after court  all claims against this cryptocurrency will be resolved. Afterwards all Ripple haters together with SEC will nervously panic, when XPR will pump to the moon.

[tabas]

Ripple fans hold and invest in XRP because they believe that after court  all claims against this cryptocurrency will be resolved. Afterwards all Ripple haters together with SEC will nervously panic, when XPR will pump to the moon.

All haters? we'll if it pumps, then that's good for those holders of it but mostly, they don't care if it pumps or dumps. The lawsuit doesn't seem to be an issue anymore.
XRP is just still around and regardless of the lawsuit, the trades in different exchanges are just continuing.

[triat]

Maybe some people still hoping to increase $1 or more and I've heard some people that they believe that one day XRP will go to the moon. Well if that people believes then let them buying XRP. Sometimes I use XRP to transferring funds because the fee is low and fast transaction. I hope XRP will win this lawsuit.

Yes, that could be a reason, but it could be that those who bought XRP were those who bought XRP in 2018, they bought XRP to cover their losses, some people still really believe in XRP, and they prefer to buy XRP over other coins. I don't know the exact reason, but in my opinion, they chose to buy XRP because they still believe that if the XRP price is able to touch $5 to $10, and technically using Fibonacci, the price area that XRP is aiming for is $5.

I do not believe in the growth of xrp, I think that it can go to 1-1.5 dollars, not more. The number of tokens is too huge to grow higher.

[k@suy]

Yes, that could be a reason, but it could be that those who bought XRP were those who bought XRP in 2018, they bought XRP to cover their losses, some people still really believe in XRP, and they prefer to buy XRP over other coins. I don't know the exact reason, but in my opinion, they chose to buy XRP because they still believe that if the XRP price is able to touch $5 to $10, and technically using Fibonacci, the price area that XRP is aiming for is $5.

I do not believe in the growth of xrp, I think that it can go to 1-1.5 dollars, not more. The number of tokens is too huge to grow higher.

yes, the supply is too huge , but last time I check it nearly goes to 0.8$ last month, and then SEC issue came in I think if there's no ongoing issue or if SEC doesn't appear last month it will be mooning now, let us think that even some coins are shitcoin with no actual use case or don't have good fundamentals and nothing will give us in the future still as long as there will be people who hodls it and scalps it, it will continue to pump or dump.

[sammy21]

yes, the supply is too huge , but last time I check it nearly goes to 0.8$ last month, and then SEC issue came in I think if there's no ongoing issue or if SEC doesn't appear last month it will be mooning now, let us think that even some coins are shitcoin with no actual use case or don't have good fundamentals and nothing will give us in the future still as long as there will be people who hodls it and scalps it, it will continue to pump or dump.

XRP is an asset with an already large market. despite the bad news, I guess it will finish in time. we are just waiting for the moment. because each asset has its own moment to draw interesting charts on the market.

[CryptoLogo]

The situation with XRP is highly ambiguous. Even if the project does not get out of litigation, as long as there are chances for it, then there are chances to make good money in case of a positive outcome. Of course, the risks are very high. If you look at it as a whole, the project essentially sold its coins for a very long time without any outside interference, and now suddenly the SEC decided to clamp it in a vice. Nevertheless, Tezer manages to stay afloat despite any lawsuits, the same can happen to Ripple.

[Distinctin]

The situation with XRP is highly ambiguous. Even if the project does not get out of litigation, as long as there are chances for it, then there are chances to make good money in case of a positive outcome. Of course, the risks are very high. If you look at it as a whole, the project essentially sold its coins for a very long time without any outside interference, and now suddenly the SEC decided to clamp it in a vice.

XRP will entire pumped high or will dump a bit. There's no reason for the price to dump more in case the decision is against them, I think the project will not be stopped, instead it will be require to pay a penalty which I think Ripple can afford since it's a billion dollar marketcap already.

Nevertheless, Tezer manages to stay afloat despite any lawsuits, the same can happen to Ripple.

Can you give me a link about this certain project?