Can anybody explain why XRP is pumping? - page 2.

ilovealtcoins

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Quote from: ene1980 on April 08, 2021, 06:43:10 PM

Quote from: ilovealtcoins on April 08, 2021, 01:09:23 PM

XRP pumps are because they won the lengthy SEC litigation. XRP was pre-pumped with the winning news before the news was made public. Looks like the big hands took action before there was good news about XRP.
Along with the good news that XRP has, the BTC Domain is declining rapidly. Cash flow is pouring into altcoins, TRX and XRP have increased in price because they have been held at price for so long.

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 Tongue

.

Despite the unorthodox news, Ripple's argument is controversial. This source has also caused a stir, it seems that everyone is a fan of Ripple. This lawsuit will last as long as you say but I have faith Ripple has a decent deal with the SEC.

McWorse

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XRP was pumping because of the news, that they can redact two documents:

https://forkast.news/sec-ripple-lawsuit-xrp-prices-surge/?utm_source=rss&utm_medium=rss&utm_campaign=sec-ripple-lawsuit-xrp-prices-surge

This - and nothing else - was the start signal for the current surge.

That means:
When investors go nuts because of redacting two documents, what will happen, if ripple will win the lawsuit? When little things like this are causing such great moves shows the current surge the strong upward-pressure for the XRP price.

At the moment, it is a high risk game to invest in XRP. But like every high-risk-investment: The roi can be gorgeous. If XRP wins the lawsuit, we will see a price between 4 and 5$. Possibly more...

el kaka22

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It is just the market and XRP being waaaaay behind. For example 52 week low on BNB is 13 dollars, it has peaked over 410 dollars, 52 week low on bitcoin is 6.5k, the high is 61.6k dollars, it is 150 dollars for ethereum and 2152 at the top, ADA went from 0.03 to 1.5 dollars, whereas XRP just went from 0.2 to 1 dollars or so. Now if you think XRP should have stayed low, you are cruel Cheesy

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I hate XRP as much as the next guy but even I think during a period like this it is normal for XRP to increase a bit, I would say that it is definitely acceptable for it to go up x5 in a world where things moved up x10 and even more for the past year. This is why I believe it is not that difficult to see how things will work out for XRP neither, it hasn't even broken its ATH which is why I think the closest thing we will get will be ATH broken first, that could happen if SEC clears them.

ene1980

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Quote from: ilovealtcoins on April 08, 2021, 01:09:23 PM

XRP pumps are because they won the lengthy SEC litigation. XRP was pre-pumped with the winning news before the news was made public. Looks like the big hands took action before there was good news about XRP.
Along with the good news that XRP has, the BTC Domain is declining rapidly. Cash flow is pouring into altcoins, TRX and XRP have increased in price because they have been held at price for so long.

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 Tongue

.

ilovealtcoins

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XRP pumps are because they won the lengthy SEC litigation. XRP was pre-pumped with the winning news before the news was made public. Looks like the big hands took action before there was good news about XRP.
Along with the good news that XRP has, the BTC Domain is declining rapidly. Cash flow is pouring into altcoins, TRX and XRP have increased in price because they have been held at price for so long.

yohananaomi

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Quote from: jacafbiz on April 07, 2021, 05:22:18 PM

The team is making head way with their case against SEC, I believe XRP will end up coming out like a new born baby because the team is taking the right step and employing the right set of lawyers and advisors to help with their case, I believe if SEC called Ethereum no security, XRP will come out unscratched

We sincerely hope that many of the problems faced by XRP can be resolved well, because until now, even though they are hit by problems, there are still many investors who entrust their funds to XRP, if we look at the market cap, it is always in good condition.
If the problem with the SEC can be resolved by paying a fine I think XRP is able to do that because XRP is still very supportive and will be the best again to achieve its ATH.

Shasha80

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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.

ethereumhunter

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The important thing is we can back to make money from XRP because we do not know what is the real reason of XRP pumping. It makes the existing investor make a profit too and maybe they feel confident to invest on XRP as before. No matter if that is manipulation or not, people tends to buy and sell XRP just to make money because now, they only think how to make as much profit as they can. It can happen too with the other coins and I am sure there is no right explanation.

leea-1334

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Quote from: South Park on April 07, 2021, 02:05:22 PM

I think there is a lot of people that are surprised by the performance that we are seeing in ripple at the moment, people are trying to figure out why this coin that seemingly no one cares about was able to go up in value so quickly, and to be honest I don't really find a reason for it but for traders that doesn't matter, what matters is that the coin was going up and if they were clever they obtained some good gains out of this exercise.

Yes,,, like we were saying above, we ourselves are taken aback by a coin that can pump so hard to $1 with nothing at all to back it up. We are talking about a coin that only managed 70 cents when there was nothing but good news. And now after all the 2021 problems even it can pump. This is to me clearly the most manipulated alt.

Cherylstar86

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Quote from: jacafbiz on April 07, 2021, 05:22:18 PM

The team is making head way with their case against SEC, I believe XRP will end up coming out like a new born baby because the team is taking the right step and employing the right set of lawyers and advisors to help with their case, I believe if SEC called Ethereum no security, XRP will come out unscratched

On that matter, I think there's no further serious accusations against xrp because this coin remains strong and supported by wealthy investors. The news coming out for xrp has nothing to do negatively, so basically holders never turn their backs but rather keeping a strong faith on this coin. Reputation still remain intact and if price will go down most probably it's due to top market influence from btc and eth.

Gozie51

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Quote from: unusualfacts30 on April 07, 2021, 02:56:02 AM

from what I understand this was from sec hearing that happened with xrp and I am certain that was the cause of the pump. It fell back a lot in previous months after it got delisted. so be careful. it pumped by almost 100% within few days so you might see some correction period.

Yes I read it on this thread here and Op got the link there
https://bitcointalksearch.org/topic/m.56730778

It is a risky investment now as you can't be sure where price can head off to. The lawsuit is on and the ripple team seem to have upper hand in handling the case

jacafbiz

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The team is making head way with their case against SEC, I believe XRP will end up coming out like a new born baby because the team is taking the right step and employing the right set of lawyers and advisors to help with their case, I believe if SEC called Ethereum no security, XRP will come out unscratched

Quidat

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Quote from: McWorse on April 07, 2021, 02:50:57 PM

Quote from: leea-1334 on April 07, 2021, 10:58:40 AM

Shitcoin or not,,, they have proven time and again they have a unique ability to pump and I guess for many experienced speculators,,, this is the perfect coin. Buy when they are down and in trouble, sell when everything seems rosy. I still cannot believe it actually is at $1 today when there is super nothing to do with this coin. Who on earth uses it and yet is willing to pay this price for it?

Dumbing down XRP.

I use it every time, when I transfer value between different exchanges or with friends. Because it is fast like hell and the fees are a joke. Of course, XRP has a few criticisms. But price, missing use cases and the dumb killing argument "shitcoin!" are none.
Wink

Cant deny about those criticisms that until now where XRP is really having specially they do say that this is a centralized coin and a shit one but when it comes to
utility then there's no doubt that this one of the best coin that you can used of when it comes to less fees and transaction duration which is really best.
Sometime i do make use of xrp when playing gambling too which is similar on using trx or ltc, depends into my mood.
For the question on why its pumping? Links had already given above.

blockman

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This could be the news why it has pumped.
(https://finance.yahoo.com/news/ripple-granted-access-sec-documents-035545476.html)
(https://financefeeds.com/game-over-ripple-granted-access-to-sec-internal-discussions/)
While the market looks red, it's still at a good price of $0.9 and many have got enough profit if they've bought it half of its price since the lawsuit news started.

McWorse

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Quote from: leea-1334 on April 07, 2021, 10:58:40 AM

Shitcoin or not,,, they have proven time and again they have a unique ability to pump and I guess for many experienced speculators,,, this is the perfect coin. Buy when they are down and in trouble, sell when everything seems rosy. I still cannot believe it actually is at $1 today when there is super nothing to do with this coin. Who on earth uses it and yet is willing to pay this price for it?

Dumbing down XRP.

I use it every time, when I transfer value between different exchanges or with friends. Because it is fast like hell and the fees are a joke. Of course, XRP has a few criticisms. But price, missing use cases and the dumb killing argument "shitcoin!" are none.
Wink

ScamViruS

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Quote from: South Park on April 07, 2021, 02:05:22 PM

Quote from: leea-1334 on April 07, 2021, 10:58:40 AM

~~~

I think there is a lot of people that are surprised by the performance that we are seeing in ripple at the moment, people are trying to figure out why this coin that seemingly no one cares about was able to go up in value so quickly, and to be honest I don't really find a reason for it but for traders that doesn't matter, what matters is that the coin was going up and if they were clever they obtained some good gains out of this exercise.

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.

South Park

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Quote from: leea-1334 on April 07, 2021, 10:58:40 AM

Shitcoin or not,,, they have proven time and again they have a unique ability to pump and I guess for many experienced speculators,,, this is the perfect coin. Buy when they are down and in trouble, sell when everything seems rosy. I still cannot believe it actually is at $1 today when there is super nothing to do with this coin. Who on earth uses it and yet is willing to pay this price for it?

Dumbing down XRP.

I think there is a lot of people that are surprised by the performance that we are seeing in ripple at the moment, people are trying to figure out why this coin that seemingly no one cares about was able to go up in value so quickly, and to be honest I don't really find a reason for it but for traders that doesn't matter, what matters is that the coin was going up and if they were clever they obtained some good gains out of this exercise.

leea-1334

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Shitcoin or not,,, they have proven time and again they have a unique ability to pump and I guess for many experienced speculators,,, this is the perfect coin. Buy when they are down and in trouble, sell when everything seems rosy. I still cannot believe it actually is at $1 today when there is super nothing to do with this coin. Who on earth uses it and yet is willing to pay this price for it?

Dumbing down XRP.

Pom_bensin

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Quote from: unusualfacts30 on April 07, 2021, 02:56:02 AM

from what I understand this was from sec hearing that happened with xrp and I am certain that was the cause of the pump. It fell back a lot in previous months after it got delisted. so be careful. it pumped by almost 100% within few days so you might see some correction period.

correction is more accurately associated with xrp when the price increases or decreases. because there are many issues that say the negative side of ripple only makes ripple worse. This is purely a correction I agree with, and Ripple will still be on its natural path in crypto to go up and down on a price basis all the time

MishaSER

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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/

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