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

[thisguy26]

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?

[Questat]

I'm not sure if you visit https://coinmarketcap.com/ to check and see the current price of XRP. Because if you are talking about the current situation of this project, I was not sure where you get that price instead you will be wondering as well why it goes like this.
Well, XRP is quite popular yes and in fact, there is a time that it become the #2 standing in the market but guess what, it never has the chance to get bullish compared to other projects like meme coins. Instead, you will still see it low despite the popularity they have.

[gurunanakji777]

XRP is considered a promising cryptocurrency. In my opinion, its supply doesn't matter as much as the project itself. The strength of a coin's growth is attributed to its community, and XRP has a very robust supporting community. There are several projects with high supplies that still have a good value. During the previous bull market, XRP showed strong performance. However, since then, we've entered a bear market, and most altcoins have hit their lowest points. Additionally, XRP is dealing with ongoing issues with the SEC, although it has received some relief. I'm hopeful that XRP will perform well in the next bull market. Currently, the value of XRP stands at approximately 50 cents per coin, and it's worth mentioning its all-time high (ATH) price in your post.

[yazher]

They may have huge amounts of supplies but they are one of those OG coins that have some real usage for the crypto market and they earned the trust of their investors by keeping their promises and constantly updating their platforms. Moreover, they are surviving the battle against the SEC which many have already fallen because XRP seems not bothered by whatever the SEC accused them of because they have nothing to hide anyway and they gaining strong bonds from their investors also they are continuing to make it more firm despite the tight competitions in today's crypto market.

[jossiel]

XRP is still popular these days it's because of the SEC case that they've won and that's why it's still in the top list of the market.

But if we're going to be back on the time when its ATH was shown and that was on 2017 for that $3.8. It's because we're on the bull run by that time.

And almost every altcoin did well by that time and all thanks to Bitcoin. People are still not aware of what actually it was so they invest.

[Wiwo]

Even with all the crisis rocking the project, XRP have been around for a long while now and have gained a lot of popularity from it previous market behaviours and also with a lot of hype that have been created around most of the projects in ripple categories make it easier for ripple to build such level of popularity.

But in terms of price,  Ripple have not don so well in recent time,  and the coin have been unable to make a good recovery since its last dump so for that at the moment I don't consider Ripple as a good project to invest but in terms of popularity,  ripe is popular.

[Yudhisthir]

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?

There's a single reason why Ripple, a much inferior coin became a successful one and is still a widely used is it being an early coin. There were very few coins when Ripple came to existence and being a centralized coin, it's transactions were fast and it's promises were high. A large number of supply means cheaper in price which made it accessible to large number of people. Some just compared its price with the like of bitcoin and Ethereum without knowing the technicalities. Overall, Ripple had a benefits of being one of the earlier coin and a lot of people are invested in it. So, even though it comes with large obstacles and hindrances, it's demise is not that quick.

[Yogee]

[....]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?

It was basically carried during bullrun like others have said and another thing is that the people behind are quite big or influential so they're able to create hype then build a community. You see Ripple Company partner with financial institutions so that tells you they have the capacity.

I think it was also during these times that people started to move on from the basic metrics in choosing a coin to invest like scarcity and decentralization. If you need a more recent proof of this then you can also check what happened to Shiba Inu.

Just to add that coins with no supply cap like ETH and Doge also pumped.

[Husires]

You mentioned the lowest price of the currency and the highest price of the currency, but there is no guarantee that XRP will be able to return to those levels $0.0029438 to $3.84.
It is true that there is a limit to the currency, but since it is centralized, there is nothing preventing them from printing more currencies.

The reason for its high position is that the classification depends on market capacity, which is a useless measure and is not important or does not express whether the cryptocurrency is a good investment or not.

It is good because it provides cheap transactions, instant confirmations, and centralization, it may be a good option for banks and banking systems.

XRP is still popular these days it's because of the SEC case that they've won and that's why it's still in the top list of the market.

I don't think anyone would have noticed the SEC case if its price had not risen or had this market capacity. I think it is closer to Dogecoin, which everyone will be silent when it does not start rising.

[bluebit25]

You can absolutely visit XRP's official website to research what they do. I feel that at the previous stage, if it didn't get into trouble with the SEC, it would still reach a new ATH. In general, the way it creates its current position as well as its potential over time, if this market gets stronger, it will gain strength again, after all, it is one of the coins with many support issues support and oppose.
For me right now, it is no longer a priority for holding, although I still acknowledge its potential in the field. To own it, I will prioritize BTC and ETH rather than paying attention to it. XRP.

[Johnyz]

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?

They managed to partner with many institutions already especially with the banking industry. XRP is a centralized project as well, they've attracted a lot of investors from the past and until now, also they continue to grow and improve despite of their pending issue with SEC. The max supply is too high and it's hard to expect XRP to go beyond $1 or else it will replace ETH again just like before.

[Hypnosis00]

It was indeed popular because of its long issue against the SEC but despite the situation that the team had faced, they still managed to become strong and retain their users and investors. I don't know what makes it special but still, many people keep holding and waiting for its bullish prices. I'm not sure but for me, I'd never see XRP as a profitable investment because I've tried accumulating some, but unfortunately, never see huge changes on my wallet as it was almost the same at the time I bought it. So I decided to sell them and buy other coins rather than holding XRP.

[Dave1]

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?

It's a bankers coin, so obviously in the beginning it has a lot of support from crypto enthusiast like in 2018 wherein it was really taking the crypto world by storm. They also work with a lot of remittance company so you know that there is a investment with them.

But I guess with the current bear market, every coin is down, but recently they won they court case against SEC so it might likely case the sudden spike in the price in the last couple of months.

[Blitzboy]

Supply is just one factor. You have to look at demand, utility, and adoption. Ripple solves real-world problems, especially in cross-border payments. Its protocol can settle transactions in seconds, and its way more energy-efficient than Bitcoin. The financial industry noticed, and that drove demand through the roof.

The question isnt how did Ripple achieve such a price with its supply; the question is, why wouldnt it? When you're tackling multi-trillion dollar problems like cross-border transactions, even a high supply can be dwarfed by higher demand. So, its not about the supply numbers you're hung up on; its about the scale of the problems Ripple is solving. Forget the surface-level supply stats; focus on whats driving the demand.

[TravelMug]

I think we can call Ripple (XRP) as a prime mover as well, just like what Bitcoin (BTC) and Ethereum (ETH) is. And we all know that if you are the first here or at least your project is unique, you will have the advantage already.

Another good example is BNB by Binance, although a lot of exchanges follow it with their own native token, no one came close to what BNB is right now. In the top 10 of altcoin market, same goes with XRP.

[Kavelj22]

They may have huge amounts of supplies but they are one of those OG coins that have some real usage for the crypto market and they earned the trust of their investors by keeping their promises and constantly updating their platforms. Moreover, they are surviving the battle against the SEC which many have already fallen because XRP seems not bothered by whatever the SEC accused them of because they have nothing to hide anyway and they gaining strong bonds from their investors also they are continuing to make it more firm despite the tight competitions in today's crypto market.

This is not only because Ripple had and still enjoys strong support from major financial institutions, including some countries and government bodies. Ripple was created from the beginning with the support of banks, and the centralized nature of the currency was maintained so that it could always be controlled.
Over time, the solidity of this blockchain and its ability to maintain a distinguished position in the cryptocurrency market was confirmed, especially when the price was able to exceed the limit of $1, in a step that no one expected due to the huge amount of liquidity.

I have not heard that the price exceeded $3 as mentioned by the OP, and I do not think this will happen soon for the same reasons.

[Kamasylvia]

While XRP has major areas of strength for shown development throughout the long term, it is critical to take note of that it has not yet arrived at similar cost levels as Bitcoin.

Some have said in the event that XRP forges ahead with its street to more extensive reception, its cost could be all around as high as $200 by 2030

[mindrust]

Ripple is probably a government trojan horse. I’ve been following ripple for years and ripple is almost always in the CMC’s top 10 list. Everybody knows ripple is premined, everybody knows its marketcap has no meaning but somehow nobody talks about it. Ripple is not even a crypto. It is just a premined illegal security. I guess People don’t give a damn about it as long as they can trade it on a crypto exchange and I also stopped caring… I never touched it and never will. There are far greater projects out there. Ripple is a scam.

[jossiel]

XRP is still popular these days it's because of the SEC case that they've won and that's why it's still in the top list of the market.

I don't think anyone would have noticed the SEC case if its price had not risen or had this market capacity.

There's still some news about it and when that news pop, the investors that are optimistic about it have came out.

I think it is closer to Dogecoin, which everyone will be silent when it does not start rising.

Yeah, when there's not that much action, they're just there silently watching it. But when the price starts to increase again, you'll see them left and right suggesting to buy it.

But I guess with the current bear market, every coin is down, but recently they won they court case against SEC so it might likely case the sudden spike in the price in the last couple of months.

Despite that, there's a little spike that eventually had gone down quickly.

[o48o]

Word you are looking for is marketcap. It had quite low marketcap, and it grew like with few old coins during the altcoin season.

But why would a coin like this have as big of a marketcap? I remember the ico of xrp, i had even set up an account to buy it, but that was way before i understood how marketcap works and i was talked out of it because of the "big supply". Also it didn't seem to fit in the cryptocurrency ethos. It was more like a corporate coin, centralized and frown upon.
However people who saw regulators coming, saw institutional investors coming were betting on possible regulatory friendly coins with a simple purpose.

And at the time, that purpose was that it was very liquid with cheaper transactions then other coins. And those features were needed when people send high amount of money between exchanges. Litecoin was cheap too and liquid too, but it wasn't fast and sending money fast was very much in need. These days i am not even sure what's the point of it. But it has huge userbase so it doesn't even need other reason to exist. I am sure they have still something in their roadmap worth investing into. But i still won't put my money into it.