Topic: Can anybody explain why XRP is pumping? - page 3. (Read 464 times)

As per the news the court granted XRP to access the documents of SEC for their reference and of course for the purpose of counter evidence and this has been the best result so far with the SEC vs XRP case. I have to agree that this is still just a temporary pump and I saw a lot of people on social media being trapped on top again with XRP, corrections will always happen and with the pending case of XRP, anything can happen so be careful.

As I far as I know about XRP is one of known crypto currency but somehow doesn't so support by many in crypto community. Now it's value is pumping and I believe it's just started due to the support of many in crypto but I don't think it will take too long. Hopefully, the correction of its value as believe by many will be corrected and it gonna be a profitable for all of us here having some XRP coins.

I have an investment on XRP since last month and yes..as it keeps pumping i saw some correction in the graph but seems a normal scenario in my opinion .  And you said it was delisted few months ago? Well sorry but I don't know about that issue... All i can say is no one can stop the growth rate right now as the alts season is starting.. If you wanna see the history of growth rate since day one perhaps you'll agree.. Indeed few days ago it was #5 in CMC but now its now #4..

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.

I will now trust any words that were coming from the ripple CEO and it's totally buzzword. There are lots of story CEO of RIPPLE is always shilling for its company.
We know that if ripple will be dead and ripple CEO can't dump his premined coin to the market.

This is only a pump and dump coin. I never heard that coinbase was announcing it before and it's probably a rumour that created by CEO of RIPPLE.

There are lots of buzzwords these days and rumours around XRP

News we received on the media or reports from agencies are tips of iceberg. They are not real reasons of price falls or rises.

XRP has weeks of falls since November 2020 and it is a time for Ripple to rise back. It is a perfect period for it as after the cool from hot DeFi growth, top and old altcoins have their turns to rise on the market. Bitcoin Cash, Bitcoin Gold and other old altcoins have been loaded for the coming flights.

I will just explain the points, we already know that XRP is already at the bottom and in TA also XRP is one of the big cap coins that are undervalued this season, and their CEO also promised to win from the SEC, there is more news that coinbase will start trading XRP again, yup, these are the points where XRP can fly as it is today.

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?