How did Ripple (XRP) become so popular and blow up in price?

[barhavsky]

Hi all,

Relatively new to trading crypto for altcoins so was just wondering if anyone knew how did Ripple blow up so high in price?

It has a circulating supply of 53,175,400,720 (Coinmarketcap) , a max supply of 100,000,000,000, yet it still managed to astronomically increase it's price from $0.0029438 to $3.84?

I didn't know a coin could have so much supply yet increase to that price, so how did it all happen?

because in my opinion Ripple is a promising altcoin, so that makes Ripple popular and of course many people believe to investing in Ripple for the long term, so that is what makes the price of Ripple can increase very high, especially since Ripple is in the top 5 on coinmarketcap and has a market dominance is more than 2%, so it is natural that the price of Ripple could increase very high and reach $3, therefore in my opinion Ripple is still worth to investing, because the price of Ripple could increase very high again and reach its ATH or even make a new ATH.

[Sophokles]

Hi all,

Relatively new to trading crypto for altcoins so was just wondering if anyone knew how did Ripple blow up so high in price?

It has a circulating supply of 53,175,400,720 (Coinmarketcap) , a max supply of 100,000,000,000, yet it still managed to astronomically increase it's price from $0.0029438 to $3.84?

I didn't know a coin could have so much supply yet increase to that price, so how did it all happen?

because in my opinion Ripple is a promising altcoin, so that makes Ripple popular and of course many people believe to investing in Ripple for the long term, so that is what makes the price of Ripple can increase very high, especially since Ripple is in the top 5 on coinmarketcap and has a market dominance is more than 2%, so it is natural that the price of Ripple could increase very high and reach $3, therefore in my opinion Ripple is still worth to investing, because the price of Ripple could increase very high again and reach its ATH or even make a new ATH.

That pump happens because of XRP's win against the SEC. Many investors even exchanges were forced to delist XRP and sell off their holdings due to pressure from the SEC and the USA government. Later they buy back the token and relist XRP on their exchange which also brings lots of cash to the XRP market. The technology XRP is providing is also great and it has applications with major institution who wants to develop their own payment network. So the future potential for price growth of XRP is also high.

[andyou1234]

I have always believed in Ripple because I am very optimistic that this coin has enormous potential, the proof is that even though Ripple is having big problems with the SEC and experiencing other bad news, XRP can still survive and can win the case. , so that currently investors are starting to hunt for rippel on a large scale, perhaps because of that factor, XRP has soared very high at the moment.

[milewilda]

Hi all,

Relatively new to trading crypto for altcoins so was just wondering if anyone knew how did Ripple blow up so high in price?

It has a circulating supply of 53,175,400,720 (Coinmarketcap) , a max supply of 100,000,000,000, yet it still managed to astronomically increase it's price from $0.0029438 to $3.84?

I didn't know a coin could have so much supply yet increase to that price, so how did it all happen?

If you do want some technical overview on what it is then this would be a good read.

What is Ripple: Overview, history and XRP cryptocurrency
https://cointelegraph.com/learn/what-is-ripple-a-beginners-guide-for-understanding-ripple

If you are really wanting for more specially in comparison then here's one.

Bitcoin vs. Ripple Labs: What's the Difference?
https://www.investopedia.com/tech/whats-difference-between-bitcoin-and-ripple/

If we do speak about on general overview on how things do works here on crypto space then we arent that blind that
anything could be having a chance on rising up its price without knowing about its actual reason.
Come to imagine on what happened into those meme coins like DOGE,SHIB,PEPE on which its price did shoot up to the moon
even on coins which are considered on having no utility? This is why it would be normal that comes up into our mind
that everything could be pumped and it would be entirely depending on the demand which is always the keyword on here.

[Samurai trieng]

Ripple is one of the coins that has great potential, so many investors like it, especially now that XRP has just won its case with the SEC, maybe this is the main reason why Ripple is becoming more popular and its price is increasing, I am very sure that Ripple will be an investment the best in 2024.

[Makus]

Actually if u ask me, I'll say the price of XRP is not that high, comparing the amount of years it's in existence, it ought to worth around a thousand dollar but, their court case with the SEC has been one of their major obstacle to experiencing a retarded growth in price, after all they have a good market cap and are listed among the top coins. The popularity of the coin is attached to the fact that it is indeed a promising coin, despite the issue of violation of law, they're still holding strong which means that is only thing holding them back, by 2024 I believe they'll finalize this issue of violation and then, we'll be see the true color of this coin.

[mdzahed134]

ripple has always having bad rumour surrounding it but regardless this coin still becoming popular i guess part of it because the investors of ripple are usually newbies, they see ripple having partnership with big banks they then so sure ripple will be as valuable as bitcoin but thats just my speculation there might be other reason why its so popular.

It's true that there were a lot of rumors about XRP but it's passed a tough time because of the SEC issued a case and after that gradually big investors pulled out of it, case was ongoing for a long time in the court so it’s price going downtrend for the long time. Now if they won in the case and XRP is started increasing and you know BTC is already crossed over 40k$, it’s also a big impact on the market.