Topic: Can anybody explain why XRP is pumping? (Read 464 times)

The ripple price is growing primarily due to the general growth of the cryptocurrency market. Also, do not forget that it is a centralized cryptocurrency and is easy to manage.
However, Ripple Labs has not yet won a lawsuit against it from the SEC. There is positive news, which is that the judge allowed this company to have access to the SEC documents regarding bitcoin and ethereum in terms of why the SEC considers these coins to be not securities, but ripple is a security. However, there is still a long way to go to a positive decision on this claim.

While I'm happy for those that still believe in ripple and have obtained profits thanks to it I do not really know how realistic it is for it to reach a new all time high, I'm not trying to be negative but the accusations and the legal case of the SEC against ripple are nothing to laugh at, it is a very serious accusation and as long as it is not resolved it is going to be very difficult for ripple to get the interest they may like from retail and institutional investors.

Don't questioned the capacity of XRP mate , Before the case was filed we already Knew that this coin will go Mooning , it is just the wrong timing of the said case that brings the coin down but it doesn't necessarily mean that the Bearishness will continue lifetime.

Supporters of ripple from all sectors are still believing in this to break the ATH of 3$ , yesterday  it almost take the 2$ value though hindered by something .

But the year is just started , there are lot to come sooner.

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.

It is good for Ripple and Ripple investors but they don't enjoy the rally and get out, they will get rekted again by another regulation or law suit from SEC. When price climbs up, they will hope for higher prices and don't take profit, don't take a draw for their investments. When price falls deeply, they hope for a draw and sadly in reality when chances knock their doors, they reject them.

Ripple can have a new all time high with the Reversed pattern Shoulder-Head-Shoulder but I won't make any bet with my capital for Ripple new ATH. The newest rally is enough for me, I am out.

No need to love or hate any cryptocurrency or their community members. The market is here and thousands of cryptocurrencies are there for us to choose, make decisions and build up our financial career. Get profit, end with losses, achieve financial freedom, get killed by the market. All of such depends on our decicions.

The centralization of Ripple and reaction of the core team members can manipulate Ripple price but we as investors can not have access to internal activities ahead of time to get in or get out of Ripple. The market is not rosy for all.

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.

for me it is also a trigger for xrp to bounce higher. What I know right now is that with the big news about the coin-to-Binance xrp, it can show that xrp is going to be able to grow at a fast pace. and this is real proof that, xrp can go up in price this year

That is one possibility however I'm worried that retail investors are once again interested in that coin, Ripple has been for the most part a bad investment for years, even now despite all of that growth it is still way lower than its all time high and I do not see that coin surpassing that level anytime soon which means that Ripple investors are for a rude awakening and sooner or later they are going to lose their money as Ripple fails to break an important level and the whales that have accumulated those coins decide to sell.

There is no problem of hating a specific coin. Although I don't know if it necessarily has to be this strong, final emotion hate. But: When someone represents his point of view as well as you do, this one is always welcome.

And yes: Everybody has a right to say what he wants. But to enter every single XRP-thread and flooding it with "This rise is a bear trap!", "This shitcoin will be dumped soon!", "The price is manipulated!" or "XRP has no use case!" is so obviously wrong, that people should better whistle such statements rather than writing or saying.

These people destroy any factual discussion, because they are not interested in facts. So what do they have to say? Nothing! They are destroying with hate and untruth only for the sake of destruction and never for the sake of new perceptions.  

So what?

The right to say what you want does not implement automatically the right to tell lies, the right to unsettle or the right to disturb whenever or whoever you want. And that especially, when they shill some shady shitcoins in their avatar and signature, what these kind of people (funnily enough) mostly do. That they are collecting counts with their destructive nature and earning money with that, is the biggest impudence by far on this matter.

Regards!
McW

I think the rise in popularity of XRP is because they have won a dispute with the SEC, of ​​course, with this positive news it makes investors fall in love with XRP, so that the price of XRP continues to increase because indeed these altcoins are very worth investing in because they have very good potential. ,

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.

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 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.

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Or Maybe you are bitter because you have sold all your XRP and not expecting this Increase happening so Soon while there are still running case?

yes, I agree with you that if all problems can be resolved properly by XRP, nothing will be able to hold back XRP to move to reach renewable ATH. because the opportunity will occur because indeed the moment which is currently the alt season has occurred.

We know that XRP investors are very enthusiastic because in many cases the market cap is still improving and very good, which indicates that investors do not want to give up XRP and hope that one day it will increase. it will happen in time and don't underestimate XRP, to be able to surprise it.

The Very First thing that i think will effect XRP to this momentum is that those News about "Relisting " from the big exchange that once delist this coin.

And the Positive news about the Incoming win of XRP against the SEC case.

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But no matter what? I am happy because i come to Buy this coin when the price dumps last year since the Filing of the Case against this coin.

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.

No, its not really that trying to hype up but its actually happening when we do talk about Ripple did really win that case.

https://forkast.news/xrp-ripple-wins-access-sec-documents-bitcoin-ether/
https://news.bitcoin.com/ripple-wins-discovery-judge-grants-access-sec-internal-records-bitcoin-ether-xrp/

Wont be a surprising thing about its adverse effect.

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.

Maybe the opposite is the truth? Some "underground forces" are spreading some fear to make the weak hands tremble in order to get cheap coins before the price explodes?
But I'm not sure the investment conspiracy theories can give us an advantage.

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.

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.

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...

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 .

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.

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  .

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.

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.

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.

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.

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.

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.

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

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

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.

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.

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.

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 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.

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.

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

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/

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?