There's a lot of bad news for XRP in this few months.
But in my opinion the main reason because of Xrp has more coin in circulating supply and the dev still has a lot more locked coin that can bump the marketcap.
Topic: Any ideas on why XRPs price is fluctuating? (Read 487 times)
As far as I know one of founders od Ripple left the project long time and he got billions of Ripple which he is selling on daily bases. That guy is also founder of Stellar pretty big name in crypto world. Now is that all true beats me but thats the rumor.
If you are referring to Jed McCaleb, he conceived the project and then he came up with his own project. The lead developers made a huge profit with their centralized coin and so is the reason the SEC is after them and that is the main reason for their price fluctuation. There was a class action lawsuit filed against them in the past and now the SEC are after them for selling securities and it is difficult to overcome the issues they are facing and with most of the exchanges delisting them, it is better to avoid investing.
XRP price movements, which currently look fluctuating, are normal movements and this could be manipulated by the XRP team or whales who have lots of money trying to move prices depending on the news on XRP so surely they will follow the movement according to the news There is, as happened a while ago when the SEC attacked XRP the price suddenly collapsed and was raised again by whales and XRP manipulators who were trying to exploit this incident for profit.
We can only wait for the start of the lawsuit in court, and depending on which side themis takes, the price of XRP will be either on the moon or at the bottom. And until that time, there will be no big price changes, because those who wanted to sell have already sold their coins, and those who wanted to buy have already bought.
XRP is one of the gray projects! It has some good things, awesome ideas, a bit military/aggressive supporters, but also have a bad side! And for years I am watching drama around XRP, and to be honest I don't know what to think about XRP and XRP future! The recent SEC accusations and some announced trials put a shade over XRP, but what will be the outcome nobody can tell! In case of XRP win we can sure see some amazing price rise, if they don't win they will have problems!
As for me, I have some XRP and I am gambling with it! If I make something more I will see now at this price and leave something for holding! Who knows what future holds for XRP holders! I am not an optimist, but who knows... follow your heart and make your own decisions! Don't follow me or anyone else! Good luck all!
As for me, I have some XRP and I am gambling with it! If I make something more I will see now at this price and leave something for holding! Who knows what future holds for XRP holders! I am not an optimist, but who knows... follow your heart and make your own decisions! Don't follow me or anyone else! Good luck all!
At the moment, the price of XRP has dropped due to the fact that SEC will be sued XRP and therefore many XRP holders are selling their XRP and therefore the price of XRP has dropped so much, but it is clear that many big players are still investing in XRP and therefore XRP below 0.2$ does not fall and this suggests that many big players still believe in XRP and therefore we should expect that everything will be fine with XRP, so for now we just need to wait for a decision from the SEC about XRP.
As far as I know one of founders od Ripple left the project long time and he got billions of Ripple which he is selling on daily bases. That guy is also founder of Stellar pretty big name in crypto world. Now is that all true beats me but thats the rumor.
You meant about JED but remember he is not the only one who actively selling his stakes to the market even the foundation itself is still doing it with the premined coin. Ripple foundation was gradually liquidating its assets into the market.
This has become the main concern too. So many scammers in ripple foundation that only cares about the money. They never care with the community
This is very unfortunate for the XRP believers and collaborators.
I hope the team will not totally abandon this project and sell their holdings.
They were forging a lot of partnerships before, so hopefully, they will not ruin that trust.
But up until this SEC battle is over, we don't know what the future holds for this coin.
As far as I know one of founders od Ripple left the project long time and he got billions of Ripple which he is selling on daily bases. That guy is also founder of Stellar pretty big name in crypto world. Now is that all true beats me but thats the rumor.
You meant about JED but remember he is not the only one who actively selling his stakes to the market even the foundation itself is still doing it with the premined coin. Ripple foundation was gradually liquidating its assets into the market.
This has become the main concern too. So many scammers in ripple foundation that only cares about the money. They never care with the community
As far as I know one of founders od Ripple left the project long time and he got billions of Ripple which he is selling on daily bases. That guy is also founder of Stellar pretty big name in crypto world. Now is that all true beats me but thats the rumor.
I don't think because of cashing out the price is fluctuating. Brother, you are on the crypto market here is nothing stable, every single coin price is moving which can be downward or upper. You have to understand this. The price fluctuates when the demand for the coin is high or low. So, this is not for casting, this is because of demand and supply of a good coin.
what happen op it seems like you are late on the news . this isnt what you call a fluctuation but xrp is dumping as it still faces a major problem right now but its okay to wander that why would a stable coin fluctuate right but xrp isnt actually a real stable coin .
people cashing out and events such as holidays wont affect the value of a true stable coin. next time try to engage your self more on the forum or read more infos of the coins that you support so that you arent going to be late of what is happening . cheers
people cashing out and events such as holidays wont affect the value of a true stable coin. next time try to engage your self more on the forum or read more infos of the coins that you support so that you arent going to be late of what is happening . cheers
Seems like you are the one is late on the news. Do you really know on what the actual even that happened on why XRP had plummet its price? If not then try to search up on google
and you will find out.
https://www.ft.com/content/25648f67-36bb-45f1-8e37-3dabd4c68e89
https://www.coindesk.com/bitstamp-to-halt-xrp-trading-deposits-in-us-due-to-sec-lawsuit
https://www.coindesk.com/xrp-price-liquidations-2020-airdrop-lawsuit-ripple-founders
This isnt something that do correlates with the holiday season cash out or profit taking but they do really face up some serious problems on here.
what happen op it seems like you are late on the news . this isnt what you call a fluctuation but xrp is dumping as it still faces a major problem right now but its okay to wonder that why would a stable coin fluctuate right but xrp isnt actually a real stable coin .
people cashing out and events such as holidays wont affect the value of a true stable coin. next time try to engage your self more on the forum or read more infos of the coins that you support so that you arent going to be late of what is happening . cheers
people cashing out and events such as holidays wont affect the value of a true stable coin. next time try to engage your self more on the forum or read more infos of the coins that you support so that you arent going to be late of what is happening . cheers
By the way, where do you find that coinbase removed $XRP from their list, I didn't hear anything like that.
What else you think they will do? Lose licence and move Coinbase exchange out of USA? Of course they will remove it. They will remove many more coins they have listed in near future. All that was started with ICO are securities. All PoW coins that have dew tax or premine or some scammine are also securities.
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People started cashing in because they were worried that holding XRP for too long could cause big problems with their money, after hearing about the many rumors about the SEC lawsuit with XRP it made most XRP holders very concerned, moreover Coinbase immediately removed XRP from the List.
I don't think those who are holding xrp have been able to sell it, because the dump has been so instantaneous!
its price has dropped 35% before anyone understands anything!
In the meantime, those who had placed order with stop-loss have been caught.
By the way, where do you find that coinbase removed $XRP from their list, I didn't hear anything like that.
Is it just that the holidays are near, and people are cashing out? Or, is it something else? Opinions much appreciated.
Regards
Regards
Its sec issue, XRP in trouble i thing, i just takeaway my cash from bloody ripple
I expect nothing from XRP and it was wrong of having this on the top 5 coins knowing that it can't have such potentiality in real.
If you are wondering why the market is going down in XRP it is because of the SEC as they said that it is not a cryptocurrency and the owners raised over $1.3 billion as unregistered offerings and it is not a good sign for them and with these the market started dropping while most of them thought that it will rally much further and if not for this citing by the SEC we might even see a much further rally. Things right now are not promising and hopefully everything holding the coin had the opportunity to book their profit. Is it just that the holidays are near, and people are cashing out? Or, is it something else? Opinions much appreciated.
Regards
Regards
Its sec issue, XRP in trouble i thing, i just takeaway my cash from bloody ripple
People started cashing in because they were worried that holding XRP for too long could cause big problems with their money, after hearing about the many rumors about the SEC lawsuit with XRP it made most XRP holders very concerned, moreover Coinbase immediately removed XRP from the List.
Right now Ripple become hot news, because Ripple has been in lawsuits by the SEC and there is a possibility that Coinbase will delist Ripple.
Bad news is what makes Ripple prices fluctuating, So my advice is that you can sell the Ripple that you have if the estimated loss is not too
big if it is sold now. But if you are losing money selling Ripple now, then you should not sell the Ripple you own. It's better if you just hold on
to your Ripple, and wait for the Ripple price to recover. Since it is possible that the impact of the SEC lawsuit will not affect Ripple's price in
the long run, knowing that US Ripple holders are not that big.
Even before, I'd never trusted XRP. I once investing XRP because it is one of the top 5 listed coins in the market but I once then suffered losses in time and money waiting so long but then, its price never grow. I was been tricked and that is really a thing we have to expect in a centralized coin where prices are purely manipulated by the owner.Bad news is what makes Ripple prices fluctuating, So my advice is that you can sell the Ripple that you have if the estimated loss is not too
big if it is sold now. But if you are losing money selling Ripple now, then you should not sell the Ripple you own. It's better if you just hold on
to your Ripple, and wait for the Ripple price to recover. Since it is possible that the impact of the SEC lawsuit will not affect Ripple's price in
the long run, knowing that US Ripple holders are not that big.
I expect nothing from XRP and it was wrong of having this on the top 5 coins knowing that it can't have such potentiality in real.
Right now Ripple become hot news, because Ripple has been in lawsuits by the SEC and there is a possibility that Coinbase will delist Ripple.
Bad news is what makes Ripple prices fluctuating, So my advice is that you can sell the Ripple that you have if the estimated loss is not too
big if it is sold now. But if you are losing money selling Ripple now, then you should not sell the Ripple you own. It's better if you just hold on
to your Ripple, and wait for the Ripple price to recover. Since it is possible that the impact of the SEC lawsuit will not affect Ripple's price in
the long run, knowing that US Ripple holders are not that big.
Bad news is what makes Ripple prices fluctuating, So my advice is that you can sell the Ripple that you have if the estimated loss is not too
big if it is sold now. But if you are losing money selling Ripple now, then you should not sell the Ripple you own. It's better if you just hold on
to your Ripple, and wait for the Ripple price to recover. Since it is possible that the impact of the SEC lawsuit will not affect Ripple's price in
the long run, knowing that US Ripple holders are not that big.
~
They are down 9 cents and it will go down further we will see more of this news, they should address this issue ASAP or the losses will double, holders, will dump Ripple SEC is just too powerful to ignore, remember they are the ones who stopped Libra from progressing, thi scould be the end of Ripple I hope not.
wow, didnt expect the price decrease will be this fast. xrp holders are cashing out as the threat from SEC is real. if in case this will be delisted while the case is active, this will be doomed for quite a while. XRP team should be doing something to avoid this panic from their xrp holders. just like bitwise - https://www.coindesk.com/bitwise-liquidates-xrp-position-in-crypto-index-fund-following-sec-suit-against-ripple. they liquidated their xrp position and bought other assets instead. though it is only $9.3M worth of xrp but the impact to other institutions holding xrp may be alarming. who knows, not only them but others are secretly liquidating their xrp assets? this is a mess going on...
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