Why are people still buying XRP?

[Renampun]

the reason may be that XRP still has a large market share...
XRP did get into trouble with the SEC but over time the problem seemed forgotten. maybe in a few months later, the news will subside and the price of XRP will rise again.

[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.

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.

That's right, you were right. As we can see now, although there is still no 100% specificity, the project has already recovered and has grown significantly in price, which speaks for itself.

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?

Are you talking about Tether? Search for the tag Tether Bitfinex litigation on Google.

[Cappex]

I think that in a bull market, purchases are made from the best known coins and XRP is one of them... maybe this speculation will leave many people disappointed.

[royalfestus]

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.

I think the slow rate of the court proceedings is giving the project opportunity to engage its army. It is observed that most of the trade is outside US jurisdiction especially with Law enforcement, from Korean exchanges to Australians, Binance outside US is yet to delist XRP, Which could be the strongest trading front for the coin. So In a bull market it might be easier to maintain the volume and engage the trade by sustaining the price.

[Botnake]

I think that in a bull market, purchases are made from the best known coins and XRP is one of them... maybe this speculation will leave many people disappointed.

That's how it is, all about the speculation and althout they didn't win the case yet but people are just expecting that there's a good news that might favor XRP to win the case, so the pump happen but I don't think it could sustain though.

[AmoreJaz]

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.

I think the slow rate of the court proceedings is giving the project opportunity to engage its army. It is observed that most of the trade is outside US jurisdiction especially with Law enforcement, from Korean exchanges to Australians, Binance outside US is yet to delist XRP, Which could be the strongest trading front for the coin. So In a bull market it might be easier to maintain the volume and engage the trade by sustaining the price.

it seems that xrp team will win on this battle. it is true, they are actively trading outside US jurisdiction. i like xrp for transfer purposes but right now, for long term investment quite very risky.
but for those holders and if xrp will get over this hurdle, i guess they will gain good profit here. and i dont think xrp team will give up on this issue, they have a lot of organisations that are already committed to this project.

[7788bitcoin]

That's how it is, all about the speculation and althout they didn't win the case yet but people are just expecting that there's a good news that might favor XRP to win the case, so the pump happen but I don't think it could sustain though.

People are looking for coins to invest and Ripple was found to be one of the few coins that went down because of the SEC lawsuit and since the market is pumping which ever coins available they do not care about the lawsuit nor the issues it might be facing which does not make any sense but it is how the market is in the cryptocurrency space as majority of the rally does not make any sense.

[magneto]

Not entirely sure. Probably just speculation.

People simply don't realise that the way XRP is structured means that it is completely centralised. And with that lawsuit now in the way, their competitive advantage over other cryptos is essentially all gone.

The one thing that you should always note about crypto markets is that it is almost never rational. Just take a look at how DOGE is performing despite having virtually no real world usage cases.

[martina14]

As far as I know the SEC gave a positive response over RIPPLE(XRP) where last 2 days ago the price of Ripple goes up all of a sudden in the market. Where of the traders who bought it before the price was kicked a lot of them got earned and the price value got increased around 118% in the market.

[gbrendeh]

XRP has been in existence for many years and have passes the text of time severally. More so, with the present lawsuit, it is still doing well in the market, this will bring more confident to investors

[cabron]

XRP has been in existence for many years and have passes the text of time severally. More so, with the present lawsuit, it is still doing well in the market, this will bring more confident to investors

Despite the SEC lawsuit, it took off still and made holders profit.
There are several reasons why XRP is being used and one is that it's cheap to send than BTC and other altcoins. You can see the benefit when you send $1000BTC to another wallet compare to sending XRP worth $1000 to another wallet.

There are lots of discussions of XRP on youtube that it could reach up to $500, I don't know if you will still be alive if you wait for it to happen.

[SaiyanSS3]

Because the society is full of degenerate who wouldn’t want to follow the mainstream, they get into xrp like they get into meme stock, they get kick in the butt, and go around the internet and spew their non sense.

[jjdub7]

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?

There is no way to know why someone is doing something, in this case why some people still have confidence and I think XRP will have a bright future despite all the problems and its centralized nature.

Personally, I'm also not a big fan of XRP and I would not risk investing in it, despite the constant interest of people and the current rise in the price.

[Roidz]

Ripple has breathed a sigh of relief in the current market, overcoming many obstacles.  The price of the ripple is hovering above one dollar.  I believe the report could soon exceed $ 2 . if Ripple is not in the middle of a second hurdle.  And if there is an allotment session, it is expected to exceed 5 dollars by the end of the year.

although currently the case facing XRP has not yet been resolved, with the motion of no confidence in the SEC issued by the US court, XRP prices continue to move up and it is even likely to reach its highest price and of course it could happen in the near future if indeed XRP won the lawsuit filed by the SEC and according to some information circulating in the last few days said that if there is a big possibility that XRP will be able to beat the SEC in the legal case and of course this will be quite good news for loyal XRP holders. https://twitter.com/novogratz/status/1380898768191688704?s=20

[(o)(o)ilikeboobs(o)(o)]

Those who need to buy XRP have bought it for a good price and now it's just the whale's play. They will boost the value of XRP according to the news, having more people buying XRP above $ 1 is also a way for them to have the opportunity to sell in high volume. Currently, XRP is not sure to win the lawsuit I would choose to stay by the sidelines to watch.

[daenarys_stormborn]

In my opinion, XRP still has the potential to go up, because the project from XRP itself is indeed very promising in the future, especially after XRP won the SEC's claim, the price of XRP immediately went up through 1.4 $, and it looks like this will continue to rise.

[Matimtim]

Maybe because XRP is one of the leading coins in the crypto currency because this coins is rank 4 as of now, thus many people keep buying that coons because of that, maybe they thought that they can make more income if they are going to invest now in the XRP because of its price that still going better.

[lexkiee28]

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?

I think the main reason why people is still buying xrp is because they know that XRP will win the lawsuit against the SEC and they see a very huge opportunity that XRP will do to their lives.

[Sithara007]

One of the biggest advantages with XRP is that it's unit price is very low. And that works, because in cryptocurrency sector unfortunately we have a lot of people who don't know the relationship between unit price, market cap and circulating supply. A lot of them go for Ripple, because it's unit price is less than $1.00 per token. And combined with the social media propaganda in favor of XRP, a lot of people get fooled. But eventually they will lose money, as happened when XRP crashed from 3,500 Sat to less than 1,000 Sat after the SEC ruling.

[bisdak40]

One of the biggest advantages with XRP is that it's unit price is very low. And that works, because in cryptocurrency sector unfortunately we have a lot of people who don't know the relationship between unit price, market cap and circulating supply. A lot of them go for Ripple, because it's unit price is less than $1.00 per token. And combined with the social media propaganda in favor of XRP, a lot of people get fooled. But eventually they will lose money, as happened when XRP crashed from 3,500 Sat to less than 1,000 Sat after the SEC ruling.

Any update on that SEC ruling mate?

XRP is on a roll now and it seems that it will be having it's ATH soon enough.

I have followed the price of XRP for some time now as this crypto is what i'm using in betting and i'm hesitant at the moment to use this as this might go to $10 in a few months. What do you think?