Can anybody explain why XRP is pumping?

[South Park]

~~~

I think there is a lot of people that are surprised by the performance that we are seeing in ripple at the moment, people are trying to figure out why this coin that seemingly no one cares about was able to go up in value so quickly, and to be honest I don't really find a reason for it but for traders that doesn't matter, what matters is that the coin was going up and if they were clever they obtained some good gains out of this exercise.

For Xrp's pump and dump, no reason is needed. When the bad news about xrp came out and there was a lot of panic in the market, the market price of xrp kept on falling. But many big investors have taken that opportunity to accumulate xrp from retail traders.
Since the big investors have accumulated huge amount of xrp from the panic sellers they have pumped the market to their liking. So there may be no reason behind the current pump of xrp.

That is one possibility however I'm worried that retail investors are once again interested in that coin, Ripple has been for the most part a bad investment for years, even now despite all of that growth it is still way lower than its all time high and I do not see that coin surpassing that level anytime soon which means that Ripple investors are for a rude awakening and sooner or later they are going to lose their money as Ripple fails to break an important level and the whales that have accumulated those coins decide to sell.

[Pom_bensin]

So I found information about relist on the top exchanges Coinbase and Binance. Although I do not understand why they talk about Binance if it is already traded on the exchange. https://coingape.com/will-coinbase-and-binance-relist-xrp-why-xrp-price-is-surging/

for me it is also a trigger for xrp to bounce higher. What I know right now is that with the big news about the coin-to-Binance xrp, it can show that xrp is going to be able to grow at a fast pace. and this is real proof that, xrp can go up in price this year

[Zemomtum]

XRP is pumping because of a large community that believe in its existence and besides, XRP has gone to the battle of the bear market and sustain the position of the top 5 in market capitalization.

[OcTradism]

This is probably a dumb question, good thing is that happy faces brings back after the SEC controversy. XRP riding the unstoppable bull run and the initial investors has been waiting something like that. I had a long hold and would not be tempted to sell out.

If you don't like this one, might be possible you're waiting for a better dip. 1 dollar 25 cents now, time for getting new ATH.

It is good for Ripple and Ripple investors but they don't enjoy the rally and get out, they will get rekted again by another regulation or law suit from SEC. When price climbs up, they will hope for higher prices and don't take profit, don't take a draw for their investments. When price falls deeply, they hope for a draw and sadly in reality when chances knock their doors, they reject them.

Ripple can have a new all time high with the Reversed pattern Shoulder-Head-Shoulder but I won't make any bet with my capital for Ripple new ATH. The newest rally is enough for me, I am out.

I think there is a logic behind not expecting XRP to go up, I had that for nearly 6 years or so now and I understand the current reasons as well. If you like XRP that is your own personal choice, nobody can say anything to you and you should do what you want, ignore what others say if you want to, you have that right. However others have the same right to hate and not support XRP as well, just like how you have the right to like it, it goes both ways.

No need to love or hate any cryptocurrency or their community members. The market is here and thousands of cryptocurrencies are there for us to choose, make decisions and build up our financial career. Get profit, end with losses, achieve financial freedom, get killed by the market. All of such depends on our decicions.

I personally never liked XRP because of Ripple and how centralized the coin was, it is not a current reason, it has nothing to do with SEC and nothing to do with the investigation, truth be told I wouldn't expect a coin which is owned mostly be a company and mainly by two owners of that company to be investigated by SEC and still go up neither, but if it does good for it, I never liked it far before any of that happened. I have the right to hate it for being centralized around two people, just like how you have a right to like it as well.

The centralization of Ripple and reaction of the core team members can manipulate Ripple price but we as investors can not have access to internal activities ahead of time to get in or get out of Ripple. The market is not rosy for all.

[elisabetheva]

XRP is pumping because of a large community that believe in its existence and besides, XRP has gone to the battle of the bear market and sustain the position of the top 5 in market capitalization.

yes, in all the problems that have been experienced but the holders are still loyal to continue to support XRP even though it is in trouble, this strengthens XRP to continue to be able to move and maybe achieving renewable ATH could happen in the near future. The holder's trust can make XRP continue to make the market cap always improve, which indicates a high level of confidence in XRP.

[kotajikikox]

Don't questioned the capacity of XRP mate , Before the case was filed we already Knew that this coin will go Mooning , it is just the wrong timing of the said case that brings the coin down but it doesn't necessarily mean that the Bearishness will continue lifetime.

Supporters of ripple from all sectors are still believing in this to break the ATH of 3$ , yesterday  it almost take the 2$ value though hindered by something .

But the year is just started , there are lot to come sooner.

[South Park]

XRP is pumping because of a large community that believe in its existence and besides, XRP has gone to the battle of the bear market and sustain the position of the top 5 in market capitalization.

yes, in all the problems that have been experienced but the holders are still loyal to continue to support XRP even though it is in trouble, this strengthens XRP to continue to be able to move and maybe achieving renewable ATH could happen in the near future. The holder's trust can make XRP continue to make the market cap always improve, which indicates a high level of confidence in XRP.

While I'm happy for those that still believe in ripple and have obtained profits thanks to it I do not really know how realistic it is for it to reach a new all time high, I'm not trying to be negative but the accusations and the legal case of the SEC against ripple are nothing to laugh at, it is a very serious accusation and as long as it is not resolved it is going to be very difficult for ripple to get the interest they may like from retail and institutional investors.

[Argoo]

There are two possibilities that make the XRP price pump, the first possibility is of course price manipulation from whales. Because we know that
XRP is supported by many institutions and many banks. So maybe they made the XRP price pump, to make XRP attractive to investors again.
The second possibility I came across some rumors saying XRP was successful in proving that the SEC accusations were not true, but I doubt whether
this rumor is true or not. Although it is true, I believe that this is not the final decision by the court. My advice is not to invest in XRP first, because
it is still unclear why the sudden pump price. Let's pay attention to XRP price movements for the next few weeks.

The ripple price is growing primarily due to the general growth of the cryptocurrency market. Also, do not forget that it is a centralized cryptocurrency and is easy to manage.
However, Ripple Labs has not yet won a lawsuit against it from the SEC. There is positive news, which is that the judge allowed this company to have access to the SEC documents regarding bitcoin and ethereum in terms of why the SEC considers these coins to be not securities, but ripple is a security. However, there is still a long way to go to a positive decision on this claim.