Topic: Can anybody explain why XRP is pumping? (Read 376 times)

There are two possibilities that make the XRP price pump, the first possibility is of course price manipulation from whales. Because we know that
XRP is supported by many institutions and many banks. So maybe they made the XRP price pump, to make XRP attractive to investors again.
The second possibility I came across some rumors saying XRP was successful in proving that the SEC accusations were not true, but I doubt whether
this rumor is true or not. Although it is true, I believe that this is not the final decision by the court. My advice is not to invest in XRP first, because
it is still unclear why the sudden pump price. Let's pay attention to XRP price movements for the next few weeks.

yes, in all the problems that have been experienced but the holders are still loyal to continue to support XRP even though it is in trouble, this strengthens XRP to continue to be able to move and maybe achieving renewable ATH could happen in the near future. The holder's trust can make XRP continue to make the market cap always improve, which indicates a high level of confidence in XRP.

XRP is pumping because of a large community that believe in its existence and besides, XRP has gone to the battle of the bear market and sustain the position of the top 5 in market capitalization.

This is probably a dumb question, good thing is that happy faces brings back after the SEC controversy. XRP riding the unstoppable bull run and the initial investors has been waiting something like that. I had a long hold and would not be tempted to sell out.

If you don't like this one, might be possible you're waiting for a better dip. 1 dollar 25 cents now, time for getting new ATH.

I think there is a logic behind not expecting XRP to go up, I had that for nearly 6 years or so now and I understand the current reasons as well. If you like XRP that is your own personal choice, nobody can say anything to you and you should do what you want, ignore what others say if you want to, you have that right. However others have the same right to hate and not support XRP as well, just like how you have the right to like it, it goes both ways.

I personally never liked XRP because of Ripple and how centralized the coin was, it is not a current reason, it has nothing to do with SEC and nothing to do with the investigation, truth be told I wouldn't expect a coin which is owned mostly be a company and mainly by two owners of that company to be investigated by SEC and still go up neither, but if it does good for it, I never liked it far before any of that happened. I have the right to hate it for being centralized around two people, just like how you have a right to like it as well.

So I found information about relist on the top exchanges Coinbase and Binance. Although I do not understand why they talk about Binance if it is already traded on the exchange. https://coingape.com/will-coinbase-and-binance-relist-xrp-why-xrp-price-is-surging/

For Xrp's pump and dump, no reason is needed. When the bad news about xrp came out and there was a lot of panic in the market, the market price of xrp kept on falling. But many big investors have taken that opportunity to accumulate xrp from retail traders.
Since the big investors have accumulated huge amount of xrp from the panic sellers they have pumped the market to their liking. So there may be no reason behind the current pump of xrp.

I think there is a logic behind not expecting XRP to go up, I had that for nearly 6 years or so now and I understand the current reasons as well. If you like XRP that is your own personal choice, nobody can say anything to you and you should do what you want, ignore what others say if you want to, you have that right. However others have the same right to hate and not support XRP as well, just like how you have the right to like it, it goes both ways.

I personally never liked XRP because of Ripple and how centralized the coin was, it is not a current reason, it has nothing to do with SEC and nothing to do with the investigation, truth be told I wouldn't expect a coin which is owned mostly be a company and mainly by two owners of that company to be investigated by SEC and still go up neither, but if it does good for it, I never liked it far before any of that happened. I have the right to hate it for being centralized around two people, just like how you have a right to like it as well.

I don't know what's your problem with XRP op? does this coin has no rights to increase the price while almost every coins is Pumping now?

And besides if you don't remember that Ripple(XRP) used to be the rank 3rd currency before the case was filed meaning by chances if there is one who must Bump now that is XRP.

Cause most of investors still love to buy xrp. And to think xrp has a lot of significant use not just only in banking financial system but also in crypto use. After that SEC lawsuit and they tend to win the case, the prediction of it to reached one dollar suddenly happened.

The hype of it immediately circulated, price continuously pump and eventually trading volume also increases. Ripple proves they are worth potential to invest after that SEC issue.

Everyone is just betting on Ripple. They believe that ripple is going to win the case and then the price will skyrocket. Hence, people are investing as much as they can. There are shills that are promoting bitcoin. Even Ripple are sending  (obscure) hints that they are winning the initial war, hence creating a hype. FOMO is what currently causing the price to get pumped. At least that's what I think. Ripple and their supporters/shills are trying their best to make people hold/buy XRP and not sell them. If massive dumps take place, they know people are going to lose fate completely.

XRP's pump seems to be at odds with reality. It's like the ultimate shitcoin (well, in competition with BCH and BSV for that title), and its in the middle of an SEC battle. The sub-20 cent prices it hit a few months ago made sense. There is no fundamental reason xrp should be a top coin or even in the top 100, and yet it is hardcore pumping this week to over $1.

Is this just cuz the xrp army or whatever they call themselves are full on tribalism and are doubling down, or perhaps better described as "dumbing down", due to thinking their "tribe" is being attacked? Cuz I mean xrp serves no purpose, the company itself operates for the purpose of bank payments, not user payments, the cryptocurrency is entirely centralized and controlled by Ripple and some banking nodes, the company I think still owns the majority of the tokens and the founders themselves alone own a significant amount of the tokens, the sale of xrp was clearly for fundraising for the company which makes it a security which is what is going on with the SEC law suit, as far as I'm aware banks that use Ripple don't even need to use xrp for settlement as Ripple has other means of settlement for banks, and its pretty obvious that later this decade when countries switch to CBDCs there will be no use case for Ripple as a business. Oh and let's not forget there are plenty of other coins these days that can do as many transactions so the high throughput is a moot point now.

Looking for serious answers. I wouldn't touch XRP if my life depended on it so it has always confused me why some people are so obsessed with it when it clearly will not ever be used for payments or replace bitcoin or be decentralized or be the thing that all banks use or any of the things xrp fans say it will do. I mean granted it is still less than a third of its peak price from three years ago even though it is all pumped up now, so that makes sense, but why are people pumping this coin to a dollar when a few months ago it was on a natural and well deserved trend back to single cents? Is it just like a super pump and dump coin, people just like to use it for trading? I mean anyone who has had it since its peak a few years ago would have been much better off buying lots and lots and lots of other cryptos, hell they'd be much better off just holding fiat. What's the point of holding onto and pumping an obvious shitcoin that now has serious legal troubles?

A deliberate establishment of ripple's winnings for pump perfection while the fact that still exists is that Ripple has not completed this lawsuit yet, I can even establish a hypothesis that Ripple's lawsuit situation is very pessimistic, some underground forces are silently receiving such news and they need to liquidate this token quickly before a series of bad news broke out. The situation with Ripple is getting bigger and more intense, a lot of news is contradictory and has a common trait to stimulate public opinion, I'm not sure the investment can give us an advantage.

I am not sure which news you are following, i could not find any article that says that the SEC lawsuit is settled and it is not going to be an easy settlement even if that happens, the report i can find today is that the Ripple CTO claiming that Ripple and Bitcoin are the same which is bullshit to its core, you cannot even compare a centralized token with bitcoin and it looks like he is just blabbering thinking it could convince the SEC  .