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

[goaldigger]

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

That value for its total supply? It can surpass Bitcoin if ever but of course too good might not be true.
There are reason why XRP is still holding on despite of their issues and with that, they are more confident now that they will rise again. They made partnership with big companies and I think this is one of the advantages of XRP so having this coin on your wallet is not bad at all, you just have to know when you can buy and analyze if there’s still a future pump.

[wheelz1200]

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?

People don't understand the ability to flood the market from ripple.  Of they did I don't think price would have gotten so high.  I am just as amazed but not surprised.  To me it barely registers as a crypto being so centralized.  I don't know why anyone would want to come to crypto only to adhere to the old financial ways.  Doesn't make sense.  But hey who am just some guy.

[rhomelmabini]

I think because banks are into them and people thinks it's way more legit if they are being backed by something. On how they are still holding a huge market cap is that maybe because they were here early and even these days they are still being used. I really like XRP on how fast and scalable it was especially if you want it real fast for a money to be delivered it might be on exchanges or other avenues.

[Raflesia]

When it comes to price benchmarks it might be fairer to use the current price as a benchmark especially when the source you provided is CMC although it is true that XRP was once at ATH $3.xx but that was a very long time ago and hasn't even been able to do that since the last few years.
When discussing XRP also for now it will indirectly link this coin back to the SEC in their never-ending drama which makes this also a bubble actually because indeed the movement of XRP is now limited and depends on their results in the trial against the SEC because when Ripple wins then surely XRP will surge but otherwise when Ripple loses this can also be a grave.

[justdimin]

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.

Even before the SEC issue came, XRP is already popular. The team needs to be strong because they know that a lot of people are rooting about it. XRP is special for having a cheap fee when transacting and its speed were also fast. Another thing would be is it was supported by the banks.

This is why me and others think that XRP can still rise more. Also if you are early to invest on it, you are already reaping its benefits. You only need to have a patience now that we are on a long-term bear but it's sad to hear that you already switch out on other coins. Well it was still your money not ours so feel free to do what you want with it. Good luck.

[TastyChillySauce00]

I think because banks are into them and people thinks it's way more legit if they are being backed by something. On how they are still holding a huge market cap is that maybe because they were here early and even these days they are still being used. I really like XRP on how fast and scalable it was especially if you want it real fast for a money to be delivered it might be on exchanges or other avenues.

Ripple is just gaining traction again after there have been some positive news were coming toward this coin. I meant people are being so positive in the future of ripple at this moment.
I have been reading if ripple is prepare in recruiting a lot of workers. The positive development in the case against SEC has been pumping it back again.

Even its supporters have been also urging coinbase to re-listing it back again. It that will happen and the price will surge a lot.

We are still waiting result for ripple case against SEC.

[Yamifoud]

The price of XRP isn't quite moving high, I hold some for a year but unfortunately, I'd never make a profit yet. I could still hold and wait for the bull season if see nothing has changed, I will sell them. 

 For now, I see XRP as not really good for investment but if you think about an option to move your coins to another wallet, you can find that XRP gives you a cheaper cost/fee. Many people see it as a useful asset in the crypto space but some also reject it due to some issues. However, XRP is still one of the top coins in the market and remains popular but this is not about the price, it is certainly because of the low fees.

[Furious 7]

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

Who said that? Can I see it too?
I don't know what will happen in the future and speculation is fine if they have clear arguments and reasons behind their words but what we can be sure of now, as long as Ripple is still feuding with the SEC then the price of XRP will remain the same and even I doubt they will return to the previous ATH but the story will be different if in the end they can win the trial with the SEC because there will definitely be great benefits gained from it including their price increase, it's just that the expected victory to date is difficult for them to do because the drama of Ripple and the SEC always happens and this has not been over for several years.

[wxa7115]

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?

Ripple is a very old coin and as such the competition was not as fierce as it is now, in fact if ripple were to be released now it will not get anywhere near the attention it got on those days.

Another factor was its link with banks, and while for some this was a negative and they never invested in ripple because of it, others saw in that connection a way to link this market with the fiat markets and they invested in it thinking a bright future was to follow, and while ripple is still on the top 10 I do not think it is going to remain there for long.

[SquallLeonhart]

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.

Even before the SEC issue came, XRP is already popular. The team needs to be strong because they know that a lot of people are rooting about it. XRP is special for having a cheap fee when transacting and its speed were also fast. Another thing would be is it was supported by the banks.

This is why me and others think that XRP can still rise more. Also if you are early to invest on it, you are already reaping its benefits. You only need to have a patience now that we are on a long-term bear but it's sad to hear that you already switch out on other coins. Well it was still your money not ours so feel free to do what you want with it. Good luck.

Banks are using the company, which is not the same as using XRP, those are different things and not the same thing. That could be a different situation but as long as we keep giving it the same logic then it will not be an issue at all. I agree that we are going to end up with something that would be profitable for people to use if they are lucky but we are also talking about heavy centralization as well, which is  a bit of an issue as well.

I think we should reach to a point where it will not be making this much trouble to begin with. Have you see bitcoin having a legal battle? It can't, because there is nobody that can be sued for it, whereas XRP has the Ripple company and the owners that could be sued, that alone is risky enough.

[JeffBrad12]

The price of XRP isn't quite moving high, I hold some for a year but unfortunately, I'd never make a profit yet. I could still hold and wait for the bull season if see nothing has changed, I will sell them. 

 For now, I see XRP as not really good for investment but if you think about an option to move your coins to another wallet, you can find that XRP gives you a cheaper cost/fee. Many people see it as a useful asset in the crypto space but some also reject it due to some issues. However, XRP is still one of the top coins in the market and remains popular but this is not about the price, it is certainly because of the low fees.

its honestly quite awesome feat that XRP could hold the position among the top five already, although current price was fraction of what its in the past, im talking about $3 for each XRP but the total supply I assume have increase significantly so thats why market capitalization is high while the value remains quite low compared to its all time high.
but regardless if i were given a choice i'd definitely go with the newer coins i think XRP has already drained of its potential that I don't think it will ever hit its previous all time high ever again.
the coin itself is good at keeping its market capitalization but not really great for those interested in investing from my point of view.

[o48o]

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

Who ever said this doesn't understand how the price and valuation works. Because with $200 price XRP would be valued $10.6 trillion dollars, that's 20.9 times more then bitcoin.
With marketcap like that it would have higher marketcap then Facebook or Tesla.

In fact that's peanuts... with $10.6 trillion dollar valuation it would have bigger marketcap then 5 of the most largest companies in the world combined. And after all the coins would be in the circulation it would need to have 2x that marketcap to have $200 price. So i am asking where the value comes for this centralized token that's been sued by SEC again?

[el kaka22]

With the mindset of scamming people. There were two guys, then a lot more of course but at first there were two guys, who said that they could turn crypto into a business, and earn a lot of money from it, they could just print and sell their crypto and make it look legal and then end up selling it to people. They did that, print whatever amount they want, they still could print whatever amount they want, and then they ended up selling it to poor folks with a promise of making a lot of money.

This in return made a lot of people excited, and they all fall for it, which is why we are seeing the price so high. They are still convincing people to invest with them, which makes no sense to me at all but they are still doing it.

[wxa7115]

The price of XRP isn't quite moving high, I hold some for a year but unfortunately, I'd never make a profit yet. I could still hold and wait for the bull season if see nothing has changed, I will sell them. 

 For now, I see XRP as not really good for investment but if you think about an option to move your coins to another wallet, you can find that XRP gives you a cheaper cost/fee. Many people see it as a useful asset in the crypto space but some also reject it due to some issues. However, XRP is still one of the top coins in the market and remains popular but this is not about the price, it is certainly because of the low fees.

its honestly quite awesome feat that XRP could hold the position among the top five already, although current price was fraction of what its in the past, im talking about $3 for each XRP but the total supply I assume have increase significantly so thats why market capitalization is high while the value remains quite low compared to its all time high.
but regardless if i were given a choice i'd definitely go with the newer coins i think XRP has already drained of its potential that I don't think it will ever hit its previous all time high ever again.
the coin itself is good at keeping its market capitalization but not really great for those interested in investing from my point of view.

I really think we are close to see the collapse of ripple, those which invested in ripple at the top could keep their hopes up as they thought that once ripple could get the SEC out of their backs then everything will return to normal and ripple will begin to grow at an amazing speed.

And while ripple did in fact recover after this happened, its price has stabilized already and it is nowhere near its previous all time high, so once the bull market comes and ripple is unable to keep up with the likes of bitcoin and ethereum then those people will finally understand that they will never recover their money, and they will finally sell hoping to find a better coin in which they could invest.

[killerfrost]

Although it has received a lot of controversy in this space, we have all witnessed the journey and position it created, I think up to now XRP is also much stronger than many other leading cryptocurrencies in terms of features. And about the story of potential price increase that many people pose, but the hypothesis that I find is quite limited in terms of market size, I personally believe that the huge development potential creates a large crypto market and brings Strong growth comes directly from internal projects.

[Natalim]

Although it has received a lot of controversy in this space, we have all witnessed the journey and position it created, I think up to now XRP is also much stronger than many other leading cryptocurrencies in terms of features. And about the story of potential price increase that many people pose, but the hypothesis that I find is quite limited in terms of market size, I personally believe that the huge development potential creates a large crypto market and brings Strong growth comes directly from internal projects.

After winning the SEC issue, holders have been more positive about this project to see it rise high again. XRP still dominates some altcoins not because of its popularity and fame, it is because many people use this due to it's low transaction fees which give options to most traders. Might not be seeing it rise again but can be possible when the market turns bullish. Holders become strong because of trust and confidence that this project won't disappoint them. Indeed some developments may come and people are rooting on how it affects the price positively.

[cantraun18h]

One of the strengths of the Ripple project is its focus on improving the international payment system. Blockchain technology and the RippleNet network have helped reduce the time and cost of cross-border transactions, making currency exchanges faster and more efficient. This can have a positive impact on the international finance and trade sectors. It is recognized that Ripple is doing very well in real-world applications. At the current moment, its price certainly cannot reach the old peak as you mentioned, given its current circulating supply is not the same as the circulating supply of XRP from 6 years ago.

[killerfrost]

Although it has received a lot of controversy in this space, we have all witnessed the journey and position it created, I think up to now XRP is also much stronger than many other leading cryptocurrencies in terms of features. And about the story of potential price increase that many people pose, but the hypothesis that I find is quite limited in terms of market size, I personally believe that the huge development potential creates a large crypto market and brings Strong growth comes directly from internal projects.

After winning the SEC issue, holders have been more positive about this project to see it rise high again. XRP still dominates some altcoins not because of its popularity and fame, it is because many people use this due to it's low transaction fees which give options to most traders. Might not be seeing it rise again but can be possible when the market turns bullish. Holders become strong because of trust and confidence that this project won't disappoint them. Indeed some developments may come and people are rooting on how it affects the price positively.

seems to have removed the biggest bottleneck with the XRP situation in recent years, at the moment agreeing that the interest and also a bit of hype that I'm slowly seeing people discussing the potential of It.
Honestly, perhaps looking back at the case with XRP, we can only see that they were unlucky in recent years when legal issues related to the SEC made them develop, but we also hope that in the future they will have more resilience.

[jaberwock]

With the mindset of scamming people. There were two guys, then a lot more of course but at first there were two guys, who said that they could turn crypto into a business, and earn a lot of money from it, they could just print and sell their crypto and make it look legal and then end up selling it to people. They did that, print whatever amount they want, they still could print whatever amount they want, and then they ended up selling it to poor folks with a promise of making a lot of money.

This in return made a lot of people excited, and they all fall for it, which is why we are seeing the price so high. They are still convincing people to invest with them, which makes no sense to me at all but they are still doing it.

For those who have been here long enough, and not just recently joined the crypto world; this is exactly how it happened and how it is going so far. It's true that it was created by some people and it is heavily centralized and all of that is valid and true.

I think people are making big mistakes by trying to figure out a way to change that and they should not try to do that at all. It is obvious that we are going to end up with a result that would change our perspective on what crypto is, because normally that's a decentralized thing and here we are talking about centralization being ok if you invest into them. I would never say that, centralization has always been bad and keep on staying bad for crypto on the long run.

[wxa7115]

Although it has received a lot of controversy in this space, we have all witnessed the journey and position it created, I think up to now XRP is also much stronger than many other leading cryptocurrencies in terms of features. And about the story of potential price increase that many people pose, but the hypothesis that I find is quite limited in terms of market size, I personally believe that the huge development potential creates a large crypto market and brings Strong growth comes directly from internal projects.

After winning the SEC issue, holders have been more positive about this project to see it rise high again. XRP still dominates some altcoins not because of its popularity and fame, it is because many people use this due to it's low transaction fees which give options to most traders. Might not be seeing it rise again but can be possible when the market turns bullish. Holders become strong because of trust and confidence that this project won't disappoint them. Indeed some developments may come and people are rooting on how it affects the price positively.

We will have to see how things develop from now on, even if ripple as you mention has a use case this is not enough to make it grow and reach its previous all time high, and if ripple fails to reach that price once again, as it failed during the previous bull run, then you can be sure there will be many investors that will throw the towel and give up on the coin.

And once that happens it is going to be impossible for ripple to keep itself on the top 10, and whatever use case it may have now will soon disappear.