Topic: Any ideas on why XRPs price is fluctuating? - page 3. (Read 527 times)
According to news XRP will be facing a lawsuit. We can't deny that it has big effect, but people say that it will recover since XRP have faced similar issues before. I no longer hold XRP cause Im skeptic about the track of price. Its like a HYIP, lets just see with what the CEO will respond with this issue.
Is it just that the holidays are near, and people are cashing out? Or, is it something else? Opinions much appreciated.
Regards
The bull might slowly fading away and not just XRP but the whole market if you can see it. This is not just about the holidays, maybe a lot are taking profit now and learned the lesson since 2017’s bull run so we cannot blame them for that. XRP is a pump and dump coin, be careful on trading with this coin because it is being controlled by someone. Regards
This is what I think the reason of what it shows lately. XRP holders are selling due to the fear of this news.
It has dumped today and this is the reason why.
- Ripple's XRP Loses $2 Billion In Market Value After CEO Warns Of 'Shocking' SEC Suit
- Ripple is being sued by the SEC
XRP is not a stable coin, If you looking for crypto without fluctuating movement then go to a stable coin.
You should understand about crypto price movement, a coin or token not from the stable coin will be always based on the supply and demand of the coins. If the demands of the coins increase on the market the price will be increased, try to learn about how the price move.
You should understand about crypto price movement, a coin or token not from the stable coin will be always based on the supply and demand of the coins. If the demands of the coins increase on the market the price will be increased, try to learn about how the price move.
The wonderful world of crypto my friend, wild swings in either direction are common place. In 20-30 years the volatility will be lessened but it’s a rollercoaster at times which is why long term investment is always best. Don’t panic when you’re down but don’t sell all when you’re up.
Is it just that the holidays are near, and people are cashing out? Or, is it something else? Opinions much appreciated.
Regards
You can read it here https://cointelegraph.com/news/xrp-price-plunges-21-in-two-days-as-sec-targets-ripple-what-s-next . It will be harder for xrp to recover from it's price right now otherwise they only making that fear to investors so they can buy XRP cheaper after they sell it .Regards
The price decline is not related to holiday it is only because SEC is preparing a law suit for ripple .
Is it just that the holidays are near, and people are cashing out? Or, is it something else? Opinions much appreciated.
Regards
Regards
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