Topic: How Can XRP Achieve $5? - page 6. (Read 1002 times)

This is a sentiment i follow as well, i never held on to the coins for a much longer period. I purchased them in the beginning but once i got a healthy profit i cashed out and it is mainly because of its affiliation with bankers and that is not the real issue with me but its centralized structure as i do not trust these centralized coins.

This is an issue they need to sort out with the SEC as i am pretty sure that they will come down hard against these centralized coins and the ones that raised money without required permission from the SEC.

It's already popular but about it being valuable, we'll see if its price will keep on increasing. With the debacle that it has with the SEC, they have to fix it first.
I don't know what's with it right now but I guess that with or without it, the price will continue to fluctuate and as a matter of fact despite not owning this altcoin, I see that it had pumped while in the midst of their active issue.

The popularity achieved by XRP is due to several things, so that now XRP is being talked about more and more by many people, basically people talk about something based on the developments that are happening to them, so many decisions are made based on facts and I believe in the coming year XRP will be more popular and valuable.

Have you personally invested in XRP? Why I will invest on XRP only basis of your belief? If you have an argument/proof for your idea or belief, present it here. If we are convinced, we will invest.

Ripple may still lose the battle with the SEC, and this pressure scares off potential investors to invest in the XRP coin. If it were not for the SEC, then most likely XRP would have updated its ATH in May this year and may have been around $4 per coin at the end of this year. Due to the difficult situation, the $5 price seems unattainable in the coming months.

And I think that is the biggest problem that many people have with XRP, personally I have never liked the coin because of its tight relationship with baking institutions and I think of it as a Trojan horse, however the fact that many coins have broken their previous all time highs while XRP was not even close is a problem.

This tells us that people do not trust in the coin anymore and after the problems they had with the SEC then this became even worse, so I do not think we are going to see XRP reaching that price anytime soon.

That's the saddest part of this coin, popular around the globe and one of the top 10 coin of crypto industry but unfortunately SEC playing an absolute drama and the judgement is keep on going which is really unfair. Still the volume and market capitalisation remains stronger which means people still beleive the price of XRP may go more and more. If XRP wins the case then the story may be surely different unless then have patience.

So far we have heard about both positive and negative messages of XRP. Whatever people say I personally believe that the upcoming future of XRP is bright. In this case, it can be said that the price of XRP will pass the 5$ mark easily.

XRP is one of the centralized currency that long time running and acknowledge by different financial group and bank. They has a lot of potential to increase more on value because they are connected on many big company. I'm not updated anymore on there status to the SEC but they are still performing good on this bull run despite of the big threat they are facing.

Once they fully comply to the Sec, I think they can achieve more than 5$ valuation once the big bull run occur on the general market.

Ripple has been caught up in a high-stakes legal dispute with the US Securities and Exchange Commission (SEC) since last year. But the price movement of XRP is always positive, September 1, 2020, the price of XRP is $0.29222, while the current price, September 1, 2021, is $1.18260. This means XRP has increased over 300%.

If you look at the price history since it first entered the market (2013) XRP may touch the price of $5, especially if XRP does win the SEC lawsuit, I believe the price of XRP will be higher than $50 in the last BTC halving period. The Ripple network works differently from the Bitcoin system. When a transaction is proposed to the network, nodes in the network vote to see if the transaction is valid. If more than 80% agree that the transaction is valid, it will be added to the network. However, nodes are not rewarded for this. Unlike Bitcoin, XRP is not actually an official cryptocurrency. Instead, the coin aims to be a kind of payment protocol owned by one big company, Ripple.

In addition, Ripple which is an altcoin distinguishes itself from Bitcoin in that no new XRP is “mined”. With the creation of the XRP ledger, 100 billion XRP have been created, some of which have already been released. The rest is in Ripple's hands. They have pinned this to the XRP ledger and every month there are 1 billion XRP released for Ripple to spend. This is what makes XRP has its own fans outside of Bitcoin lovers, and in my personal opinion, XRP and STR/XLM are some of the cryptocurrencies that are still relevant to the original purpose of cryptocurrencies, transaction fees that remain cheap and fast.

Although XRP is fundamentally different from Bitcoin and other cryptocurrencies, the value of this currency is also determined by the traders. Just like Bitcoin, the game of supply and demand determines the value of Ripple. With such a large community and fans, XRP may have its own time to experience high increases like Bitcoin, Doge, ETH, and other coins, history has proven that.

Yes, we can gain profit. I know that XRP will reach 5$ but it will be in long run. So If you can hold it for a long time then you can buy it, but you think that it will reach 5$ soon, so it is not going to happen soon. Matic and ADA are also good for long run so must take look on them.

Ripple's circulating supply is around 46.5 billion now. It is nearly the half of its max supply which is limited to 100 billion. The number of circulating supply is really huge honestly. It is way too much that I think it is one of the factors hindering Ripple about reaching much higher levels. The lower the circulating supply, the easier to go up also, in my opinion.

To do well in a project, you have to work with a lot of team responsibilities. You have to add new features and take steps like investing. I personally know a lot of people who have invested in XRP  and couldn't recover so far. If XRP does well now, we must call it good. But I don't think XRP can suddenly make a big difference.

XRP has done well in the past, even to the extent of overtaking Ethereum as the top altcoin in the market.
But, we all know what has happened (the lawsuit etc.) and how it affected the XRP market and made them lose investors.

Their position in the market has dropped and they have been overtaken by a few other coins/token in the market. It’s not like its over, all it takes is time and they still have a good chance of coming out with a higher price than what it’s at now. Like someone pointed out, if they happen to win the case, then it’s going to cause their market to increase because they will get lots of investors.

XRP still has many entanglements with the SEC with an ATH up to $3 then $5 is still a long way off, but with the current crypto market it is not impossible, so those who want to HOLD XRP in the long run If you can find a price nice and buy it then keep it for another 5 to 10 years, I think you will have the desired goals.

I think this will happen, even XRP can break through $5 and hit higher increments than that. Maybe the legal issues with the SEC make people skeptical of it, but I think it just slows down XRP growth, and we've seen it really seems like the SEC is just an excuse. I feel like it's a ploy to manipulate and buy XRP at a good price. Let's wait and see what happens in the future.

I can attest about their fast and cheap transaction fees as I use this coin frequently when transferring from one exchange to another, if TRX is not available.
This coin is actually a very good alternative when it comes to payment method. If the team will continue to explore their opportunities on this aspect, XRP will really achieve a very good position in the market.
They need to achieve first their ATH price at about $3.40, then, we can talk about how to achieve that $5.
And right now, achieving $2 is more plausible to happen if we will hear more good news from XRP team.

XRP is popular when it comes to ranking, it is currently in the sixth position based on the market cap.  I think XRP is still doing well so far but there are only those who are disappointed and until now they have not recovered when they bought three years ago and have gone bankrupt since the market crash in 2018. But we can't deny that it helps a lot when it comes to fast and cheap transactions.

Though it is popular but it's a trap for new people. It needs to work more. When the price of XRP was $3, I bought good amount of XRP but it was the reason to lose most of my capital. After reaching on good shape, you can buy otherwise it's wiser decision not to enter on it.

XRP is indeed a popular coin, but this coin movement is very slow. Previously competing with Cardano, but several days, Cardano received special attention from the investors, while XRP was still far from the concern. To reach a price of $ 5, I think it won't happen in this year.