Ripple Unlocks One Billion XRP, What will impact on it’s Price?

[RewFrew]

Today Ripple unlocked 1 billion Xrp from escrow as part of it's monthly strategy. So it’s Supply has been increased. I think now it’s price will down. So i think it is time to buy Xrp in coming deep. We know some days ago XRP win the case against SEC. So i have no doubt about It's Future. I think we need buy Xrp through DCA. Because i think it’s future will bright. I want to buy more XRP. So i want to your Opinion.

What do you think It's time to buy or sell?

 Let's discuss about it.

Source link - https://coingape.com/ripple-unlocks-one-billion-xrp-why-is-it-significant/?utm_source=Crypto+VIP&utm_medium=telegram

[_act_]

I just noticed that ripple price fall to almost $0.4 today, it fall than other altcons on my list on the exchange that I am trading. This 1 billion ripple they unlock is just the reason.

Let me see if the coin will fall more in price so that I can gamble with it at a lower price and hold it. If bitcoin will fall to $20000, it will not be easy on altcoins like ripple that will fall more.

[Yogee]

[....]We know some days ago XRP win the case against SEC. So i have no doubt about It's Future.

It's not a complete win and the decision is on appeal the last time I checked so maybe rethink about giving your 100% confidence in this coin.

There will always be people who will FOMO on this so it will probably take little time before the new supply dump is absorbed by the market. I personally wouldn't go heavy on this since it's already one of those top coins and will have 2x to 5x at most in the next bullrun. That's good markup but will be lower when compared to newer tokens.

[o48o]

I just noticed that ripple price fall to almost $0.4 today, it fall than other altcons on my list on the exchange that I am trading. This 1 billion ripple they unlock is just the reason.

Let me see if the coin will fall more in price so that I can gamble with it at a lower price and hold it. If bitcoin will fall to $20000, it will not be easy on altcoins like ripple that will fall more.

This might have been because today at 8:00am UTC there was an evernode airdrop For XRP Holders, so people might have sold right after the airdrop. As waiting for the airdrop is often only reason for not selling before it. And obviously there probably were bunch of leverage shorters just waiting for it. One billion XRP isn't really that much from total supply.

[Yudhisthir]

The price effect is already being seen already as Ripple falls more than 3.5% in last 24 hours. That's highest among the top 10 cryptos by marketcap. It's in its lowest point than the entire month of August.
I'm neutral about the news of Ripple's win over U.S. SEC. It could bring a positive sentiments for people holding the coins but I still don't think it as a better coin compared to any other popular alts even for short or long term.

[m2017]

Any unlocking of such a large number of coins means only one thing, that a large stream of XRP will pour into the cryptomarket, which before could not be sold with escrow. Undoubtedly, XRP will sell and under this pressure, the price of it in the cryptomarket will fall. 100%. How strong? - It's not known because people like you are planning to buy, which will act as a deterrent for XRP to fall further. Should XRP be bought at this opportunity? I doubt. I would get rid of this shitcoin as soon as possible and not even touch it. I would not associate my future with XRP and hope for this centralized coin with an endless issue, in which a new batch of 1 billion coins is periodically poured into the cryptomarket. Why hold a dubious asset?

[Ever-young]

XRP winning their case with SEC is not enough to make one consider it to be a good choice of investment or not, you need to look beyond this, their released coin which pump into the market recently has given buyer a disadvantage of buying more with a fewer budget, but if you are asking for peoples opinion if you are to buy now and hold or if you are to sell.

I will say firstly you need to make your own decision followed by this is an altcoin if the bear market get worst than this their will be no exception for XRP you might lose more than you are even thinking of making, so to be on the safer side you should monitor the market first if it’s best for you to enter or not and when you conclude on your decision coins like XRP is not something to hold for a long period of time without checking them, you should keep a close eye on them.

[Beparanf]

Today Ripple unlocked 1 billion Xrp from escrow as part of it's monthly strategy. So it’s Supply has been increased. I think now it’s price will down. So i think it is time to buy Xrp in coming deep. We know some days ago XRP win the case against SEC. So i have no doubt about It's Future. I think we need buy Xrp through DCA. Because i think it’s future will bright. I want to buy more XRP. So i want to your Opinion.

What do you think It's time to buy or sell?

They are doing this regularly as part of their taking profit on their investments. Ripple have a huge liquidity that can absorb this amount while the team will surely not gonna sell-off thiese tokens since it will create FUD in their token which they will not benefit on it.

I don’t invest on XRP since it has huge supply and the team controls huge chunk that will use my money for liquidity. I doubt this will gonna result a dump. Invest only when you are interested on Ripple and don’t use this kind of news as signal for decision making since this is a regular occurrence in ripple.

[Kemarit]

I just noticed that ripple price fall to almost $0.4 today, it fall than other altcons on my list on the exchange that I am trading. This 1 billion ripple they unlock is just the reason.

Let me see if the coin will fall more in price so that I can gamble with it at a lower price and hold it. If bitcoin will fall to $20000, it will not be easy on altcoins like ripple that will fall more.

This might have been because today at 8:00am UTC there was an evernode airdrop For XRP Holders, so people might have sold right after the airdrop. As waiting for the airdrop is often only reason for not selling before it. And obviously there probably were bunch of leverage shorters just waiting for it. One billion XRP isn't really that much from total supply.

Yes, might be another reason for the dip, and obviously what the OP said, them unlocking one billion XRP could also have a huge impact.
Anything we heard about unlocking from any project will cause the price to decline in my opinion, as the supply goes larger, (basic supply and demand law).
And maybe the ripple effect that Bitcoin has to altcoin market, as it goes down hard again in the last 24-48 hours and so other it had domino to altcoin or even in some stocks as well.

[Johnyz]

The price effect is already being seen already as Ripple falls more than 3.5% in last 24 hours. That's highest among the top 10 cryptos by marketcap. It's in its lowest point than the entire month of August.
I'm neutral about the news of Ripple's win over U.S. SEC. It could bring a positive sentiments for people holding the coins but I still don't think it as a better coin compared to any other popular alts even for short or long term.

This is the effect of the unlocking and having a huge supply available in the market that means you are doing to devaluate the value of your project. Though this might be temporary as we are all waiting for the final resolution about their case with SEC. If XRP will unlock more of their supply, then probably they are doing something that could be affect their future plans.

[goaldigger]

The price effect is already being seen already as Ripple falls more than 3.5% in last 24 hours. That's highest among the top 10 cryptos by marketcap. It's in its lowest point than the entire month of August.
I'm neutral about the news of Ripple's win over U.S. SEC. It could bring a positive sentiments for people holding the coins but I still don't think it as a better coin compared to any other popular alts even for short or long term.

This is the effect of the unlocking and having a huge supply available in the market that means you are doing to devaluate the value of your project. Though this might be temporary as we are all waiting for the final resolution about their case with SEC. If XRP will unlock more of their supply, then probably they are doing something that could be affect their future plans.

It's very timely now that the price of Bitcoin is down, you can also expect for the price of XRP to drop more.
Do they made any announcement before unlocking the token? The news about this is important because its the right of investor to know why they are unlocking the supply. If they are doing this for the preparation for their update then we should know it, or else they are just doing this to liquidate their assets and dump the market.

[wheelz1200]

Lol this is what completely should turn people off from xrp it's a centralized crypto which is pointless.  Seriously it goes against the very reason crypto was even created.  What is the allure in what attracts people to xrp anyway?

[jossiel]

If there will be a down in the price and I have to buy, I'll not choose XRP.

Instead, I'll buy Bitcoin and that's the most impactful with the price. But that's it, it is your reference and I am just starting to see people liking it more because the lawsuit has been won by them.

Before, you see a lot of people that even they don't like it, they won't even buy it.

[kentrolla]

This is the biggest drawback as it doesn't have fixed supply and the developer team can pump and dump the price anytime by either increasing or reducing the supply of XRP according to their benefit. This is an open manipulation and I still wonder why do we even consider this centralized coin as crypto, I think we all should give up on XRP and switch to other promising altcoins.

[nelson4lov]

What of the biggest red flags of XRP for several years has been it's supply schedule because of the weight new token emissions to the supply does. In order for the 1 billion tokens to have little to no effect on the price, there has to be willing buyers at the other side of the trades with their bids and right now, I don't think the market has enough buyers.

Even if the 1B tokens are not immediately sold, it still has an effect on the market (mainly negative).

[serjent05]

Lol, just another batch of milking the market.  This is really a great strategy of XRP to squeeze money and feed its developer from unsuspecting traders.  Obviously, an increase in supply means pressure on the demand.  It might make a bearish sentiment to the market of XRP but honestly, why do these supporters never think that they have been seen as milking cows of these developers?

[JeffBrad12]

honestly the price has been going down ever since, and this one billion unlock honestly is too much for me but i don't know from the perspective of the other investors out there.
but it seems people are so eager to invest in this coin despite the fact that it always do something like this just outright dumping the coin so the founder could be rich.
i'd definitely dump my coin if i were the ones that hold this coin but im grateful that I don't.
people who invest in this coin should know that there are better options out there and you deserve to invest into something thats not for milking money but actually investment asset that could give profits.

[cryptoaddictchie]

Lol this is what completely should turn people off from xrp it's a centralized crypto which is pointless.  Seriously it goes against the very reason crypto was even created.  What is the allure in what attracts people to xrp anyway?

Ripple is famous but this 1billion xrp is too much. I think people are just beign swayed by the fact that xrp is a top coin with endless application, maybe it is but the founder should be lenient about their purposes. Some anon might think this as free money being unlock and using the word strategy for doing some kick back.

[makishart]

Lol, just another batch of milking the market.  This is really a great strategy of XRP to squeeze money and feed its developer from unsuspecting traders.  Obviously, an increase in supply means pressure on the demand.  It might make a bearish sentiment to the market of XRP but honestly, why do these supporters never think that they have been seen as milking cows of these developers?

That was not giving pressure to market since XRP had very big liquidity. It's not all of unlocked coins will be going to the market as well. The dumb from the team to grab cash may still happen but as far as i can see that if nothing happened with ripple.
The recent dump that happens to the ripple triggered by bitcoin. It's not from the token unlock. I saw that if the token unlock doesn't give impact to the price.
I would prefer to use XRP as long term investment. It seems like that if court sees crypto as one of the important thing now. SEC was so crazy by blindly accusing everything related to the crypto.

[LogitechMouse]

This is the biggest drawback as it doesn't have fixed supply and the developer team can pump and dump the price anytime by either increasing or reducing the supply of XRP according to their benefit. This is an open manipulation and I still wonder why do we even consider this centralized coin as crypto, I think we all should give up on XRP and switch to other promising altcoins.

Doesn't have a fixed supply? Base on Coingecko, and Coinmarketcap, it has 100 Billion supply. So you're saying that both these websites are wrong then? I agree with you that they can pump, and dump it though, but what's making me curious is that, despite of the backlashes that Ripple has received over the past few years, it has been on the top 10 still in terms of Market cap.

This just shows that the community behind it is large, so large that it can't put the project down despite of all the negative thoughts that surrounded the project for the past 3-4 years I guess. Open Manipulation? There's always a chance for that since it's a centralized project so it might be, or it might be not.
I don't know why people here are very pessimistic about Ripple, and it's unlocking of 1 Billion XRP. Are you long term holders of Ripple thus you see this as a negative one. Increase supply, same demand = price goes down yes, but what's the best thing to do when the price is down? Isn't it to buy more to at least grab the opportunity? I mean I'm not a trader, or a holder of Ripple as well, but I believe that this move by them is an opportunity for us investors to get some profit at least. This news didn't have any effect still on XRP right now, but I might take the opportunity to at least buy it for short term if it will have a negative effect.