The price of XRP isn't quite moving high, I hold some for a year but unfortunately, I'd never make a profit yet. I could still hold and wait for the bull season if see nothing has changed, I will sell them.
For now, I see XRP as not really good for investment but if you think about an option to move your coins to another wallet, you can find that XRP gives you a cheaper cost/fee. Many people see it as a useful asset in the crypto space but some also reject it due to some issues. However, XRP is still one of the top coins in the market and remains popular but this is not about the price, it is certainly because of the low fees.
Topic: How did Ripple (XRP) become so popular and blow up in price? - page 3. (Read 502 times)
September 22, 2023, 05:29:47 PM
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September 22, 2023, 12:58:39 PM
I think because banks are into them and people thinks it's way more legit if they are being backed by something. On how they are still holding a huge market cap is that maybe because they were here early and even these days they are still being used. I really like XRP on how fast and scalable it was especially if you want it real fast for a money to be delivered it might be on exchanges or other avenues.
Ripple is just gaining traction again after there have been some positive news were coming toward this coin. I meant people are being so positive in the future of ripple at this moment. I have been reading if ripple is prepare in recruiting a lot of workers. The positive development in the case against SEC has been pumping it back again.
Even its supporters have been also urging coinbase to re-listing it back again. It that will happen and the price will surge a lot.
We are still waiting result for ripple case against SEC.
September 22, 2023, 09:29:45 AM
It was indeed popular because of its long issue against the SEC but despite the situation that the team had faced, they still managed to become strong and retain their users and investors. I don't know what makes it special but still, many people keep holding and waiting for its bullish prices. I'm not sure but for me, I'd never see XRP as a profitable investment because I've tried accumulating some, but unfortunately, never see huge changes on my wallet as it was almost the same at the time I bought it. So I decided to sell them and buy other coins rather than holding XRP.
Even before the SEC issue came, XRP is already popular. The team needs to be strong because they know that a lot of people are rooting about it. XRP is special for having a cheap fee when transacting and its speed were also fast. Another thing would be is it was supported by the banks.This is why me and others think that XRP can still rise more. Also if you are early to invest on it, you are already reaping its benefits. You only need to have a patience now that we are on a long-term bear but it's sad to hear that you already switch out on other coins. Well it was still your money not ours so feel free to do what you want with it. Good luck.
September 21, 2023, 05:39:23 PM
When it comes to price benchmarks it might be fairer to use the current price as a benchmark especially when the source you provided is CMC although it is true that XRP was once at ATH $3.xx but that was a very long time ago and hasn't even been able to do that since the last few years.
When discussing XRP also for now it will indirectly link this coin back to the SEC in their never-ending drama which makes this also a bubble actually because indeed the movement of XRP is now limited and depends on their results in the trial against the SEC because when Ripple wins then surely XRP will surge but otherwise when Ripple loses this can also be a grave.
When discussing XRP also for now it will indirectly link this coin back to the SEC in their never-ending drama which makes this also a bubble actually because indeed the movement of XRP is now limited and depends on their results in the trial against the SEC because when Ripple wins then surely XRP will surge but otherwise when Ripple loses this can also be a grave.
September 21, 2023, 05:33:48 PM
I think because banks are into them and people thinks it's way more legit if they are being backed by something. On how they are still holding a huge market cap is that maybe because they were here early and even these days they are still being used. I really like XRP on how fast and scalable it was especially if you want it real fast for a money to be delivered it might be on exchanges or other avenues.
September 21, 2023, 05:33:16 PM
Hi all,
Relatively new to trading crypto for altcoins so was just wondering if anyone knew how did Ripple blow up so high in price?
It has a circulating supply of 53,175,400,720 (Coinmarketcap) , a max supply of 100,000,000,000, yet it still managed to astronomically increase it's price from $0.0029438 to $3.84?
I didn't know a coin could have so much supply yet increase to that price, so how did it all happen?
Relatively new to trading crypto for altcoins so was just wondering if anyone knew how did Ripple blow up so high in price?
It has a circulating supply of 53,175,400,720 (Coinmarketcap) , a max supply of 100,000,000,000, yet it still managed to astronomically increase it's price from $0.0029438 to $3.84?
I didn't know a coin could have so much supply yet increase to that price, so how did it all happen?
People don't understand the ability to flood the market from ripple. Of they did I don't think price would have gotten so high. I am just as amazed but not surprised. To me it barely registers as a crypto being so centralized. I don't know why anyone would want to come to crypto only to adhere to the old financial ways. Doesn't make sense. But hey who am just some guy.
September 21, 2023, 05:29:19 PM
While XRP has major areas of strength for shown development throughout the long term, it is critical to take note of that it has not yet arrived at similar cost levels as Bitcoin.
Some have said in the event that XRP forges ahead with its street to more extensive reception, its cost could be all around as high as $200 by 2030
That value for its total supply? It can surpass Bitcoin if ever but of course too good might not be true.Some have said in the event that XRP forges ahead with its street to more extensive reception, its cost could be all around as high as $200 by 2030
There are reason why XRP is still holding on despite of their issues and with that, they are more confident now that they will rise again. They made partnership with big companies and I think this is one of the advantages of XRP so having this coin on your wallet is not bad at all, you just have to know when you can buy and analyze if there’s still a future pump.
September 21, 2023, 04:54:25 PM
Word you are looking for is marketcap. It had quite low marketcap, and it grew like with few old coins during the altcoin season.
But why would a coin like this have as big of a marketcap? I remember the ico of xrp, i had even set up an account to buy it, but that was way before i understood how marketcap works and i was talked out of it because of the "big supply". Also it didn't seem to fit in the cryptocurrency ethos. It was more like a corporate coin, centralized and frown upon.
However people who saw regulators coming, saw institutional investors coming were betting on possible regulatory friendly coins with a simple purpose.
And at the time, that purpose was that it was very liquid with cheaper transactions then other coins. And those features were needed when people send high amount of money between exchanges. Litecoin was cheap too and liquid too, but it wasn't fast and sending money fast was very much in need. These days i am not even sure what's the point of it. But it has huge userbase so it doesn't even need other reason to exist. I am sure they have still something in their roadmap worth investing into. But i still won't put my money into it.
But why would a coin like this have as big of a marketcap? I remember the ico of xrp, i had even set up an account to buy it, but that was way before i understood how marketcap works and i was talked out of it because of the "big supply". Also it didn't seem to fit in the cryptocurrency ethos. It was more like a corporate coin, centralized and frown upon.
However people who saw regulators coming, saw institutional investors coming were betting on possible regulatory friendly coins with a simple purpose.
And at the time, that purpose was that it was very liquid with cheaper transactions then other coins. And those features were needed when people send high amount of money between exchanges. Litecoin was cheap too and liquid too, but it wasn't fast and sending money fast was very much in need. These days i am not even sure what's the point of it. But it has huge userbase so it doesn't even need other reason to exist. I am sure they have still something in their roadmap worth investing into. But i still won't put my money into it.
September 21, 2023, 02:42:23 PM
XRP is still popular these days it's because of the SEC case that they've won and that's why it's still in the top list of the market.
I don't think anyone would have noticed the SEC case if its price had not risen or had this market capacity. I think it is closer to Dogecoin, which everyone will be silent when it does not start rising.
Yeah, when there's not that much action, they're just there silently watching it. But when the price starts to increase again, you'll see them left and right suggesting to buy it.But I guess with the current bear market, every coin is down, but recently they won they court case against SEC so it might likely case the sudden spike in the price in the last couple of months.
Despite that, there's a little spike that eventually had gone down quickly. 
September 21, 2023, 01:10:54 PM
Ripple is probably a government trojan horse. I’ve been following ripple for years and ripple is almost always in the CMC’s top 10 list. Everybody knows ripple is premined, everybody knows its marketcap has no meaning but somehow nobody talks about it. Ripple is not even a crypto. It is just a premined illegal security. I guess People don’t give a damn about it as long as they can trade it on a crypto exchange and I also stopped caring… I never touched it and never will. There are far greater projects out there. Ripple is a scam.
September 21, 2023, 12:52:21 PM
While XRP has major areas of strength for shown development throughout the long term, it is critical to take note of that it has not yet arrived at similar cost levels as Bitcoin.
Some have said in the event that XRP forges ahead with its street to more extensive reception, its cost could be all around as high as $200 by 2030
Some have said in the event that XRP forges ahead with its street to more extensive reception, its cost could be all around as high as $200 by 2030
September 21, 2023, 12:22:32 PM
They may have huge amounts of supplies but they are one of those OG coins that have some real usage for the crypto market and they earned the trust of their investors by keeping their promises and constantly updating their platforms. Moreover, they are surviving the battle against the SEC which many have already fallen because XRP seems not bothered by whatever the SEC accused them of because they have nothing to hide anyway and they gaining strong bonds from their investors also they are continuing to make it more firm despite the tight competitions in today's crypto market.
This is not only because Ripple had and still enjoys strong support from major financial institutions, including some countries and government bodies. Ripple was created from the beginning with the support of banks, and the centralized nature of the currency was maintained so that it could always be controlled.
Over time, the solidity of this blockchain and its ability to maintain a distinguished position in the cryptocurrency market was confirmed, especially when the price was able to exceed the limit of $1, in a step that no one expected due to the huge amount of liquidity.
I have not heard that the price exceeded $3 as mentioned by the OP, and I do not think this will happen soon for the same reasons.
September 21, 2023, 11:37:49 AM
I think we can call Ripple (XRP) as a prime mover as well, just like what Bitcoin (BTC) and Ethereum (ETH) is. And we all know that if you are the first here or at least your project is unique, you will have the advantage already.
Another good example is BNB by Binance, although a lot of exchanges follow it with their own native token, no one came close to what BNB is right now. In the top 10 of altcoin market, same goes with XRP.
Another good example is BNB by Binance, although a lot of exchanges follow it with their own native token, no one came close to what BNB is right now. In the top 10 of altcoin market, same goes with XRP.
September 21, 2023, 10:36:45 AM
Supply is just one factor. You have to look at demand, utility, and adoption. Ripple solves real-world problems, especially in cross-border payments. Its protocol can settle transactions in seconds, and its way more energy-efficient than Bitcoin. The financial industry noticed, and that drove demand through the roof.
The question isnt how did Ripple achieve such a price with its supply; the question is, why wouldnt it? When you're tackling multi-trillion dollar problems like cross-border transactions, even a high supply can be dwarfed by higher demand. So, its not about the supply numbers you're hung up on; its about the scale of the problems Ripple is solving. Forget the surface-level supply stats; focus on whats driving the demand.
The question isnt how did Ripple achieve such a price with its supply; the question is, why wouldnt it? When you're tackling multi-trillion dollar problems like cross-border transactions, even a high supply can be dwarfed by higher demand. So, its not about the supply numbers you're hung up on; its about the scale of the problems Ripple is solving. Forget the surface-level supply stats; focus on whats driving the demand.
September 21, 2023, 08:30:11 AM
Hi all,
Relatively new to trading crypto for altcoins so was just wondering if anyone knew how did Ripple blow up so high in price?
It has a circulating supply of 53,175,400,720 (Coinmarketcap) , a max supply of 100,000,000,000, yet it still managed to astronomically increase it's price from $0.0029438 to $3.84?
I didn't know a coin could have so much supply yet increase to that price, so how did it all happen?
Relatively new to trading crypto for altcoins so was just wondering if anyone knew how did Ripple blow up so high in price?
It has a circulating supply of 53,175,400,720 (Coinmarketcap) , a max supply of 100,000,000,000, yet it still managed to astronomically increase it's price from $0.0029438 to $3.84?
I didn't know a coin could have so much supply yet increase to that price, so how did it all happen?
It's a bankers coin, so obviously in the beginning it has a lot of support from crypto enthusiast like in 2018 wherein it was really taking the crypto world by storm. They also work with a lot of remittance company so you know that there is a investment with them.
But I guess with the current bear market, every coin is down, but recently they won they court case against SEC so it might likely case the sudden spike in the price in the last couple of months.
September 21, 2023, 08:18:18 AM
It was indeed popular because of its long issue against the SEC but despite the situation that the team had faced, they still managed to become strong and retain their users and investors. I don't know what makes it special but still, many people keep holding and waiting for its bullish prices. I'm not sure but for me, I'd never see XRP as a profitable investment because I've tried accumulating some, but unfortunately, never see huge changes on my wallet as it was almost the same at the time I bought it. So I decided to sell them and buy other coins rather than holding XRP.
September 21, 2023, 03:10:29 AM
Hi all,
Relatively new to trading crypto for altcoins so was just wondering if anyone knew how did Ripple blow up so high in price?
It has a circulating supply of 53,175,400,720 (Coinmarketcap) , a max supply of 100,000,000,000, yet it still managed to astronomically increase it's price from $0.0029438 to $3.84?
I didn't know a coin could have so much supply yet increase to that price, so how did it all happen?
They managed to partner with many institutions already especially with the banking industry. XRP is a centralized project as well, they've attracted a lot of investors from the past and until now, also they continue to grow and improve despite of their pending issue with SEC. The max supply is too high and it's hard to expect XRP to go beyond $1 or else it will replace ETH again just like before. Relatively new to trading crypto for altcoins so was just wondering if anyone knew how did Ripple blow up so high in price?
It has a circulating supply of 53,175,400,720 (Coinmarketcap) , a max supply of 100,000,000,000, yet it still managed to astronomically increase it's price from $0.0029438 to $3.84?
I didn't know a coin could have so much supply yet increase to that price, so how did it all happen?
September 21, 2023, 03:06:15 AM
You can absolutely visit XRP's official website to research what they do. I feel that at the previous stage, if it didn't get into trouble with the SEC, it would still reach a new ATH. In general, the way it creates its current position as well as its potential over time, if this market gets stronger, it will gain strength again, after all, it is one of the coins with many support issues support and oppose.
For me right now, it is no longer a priority for holding, although I still acknowledge its potential in the field. To own it, I will prioritize BTC and ETH rather than paying attention to it. XRP.
For me right now, it is no longer a priority for holding, although I still acknowledge its potential in the field. To own it, I will prioritize BTC and ETH rather than paying attention to it. XRP.
You mentioned the lowest price of the currency and the highest price of the currency, but there is no guarantee that XRP will be able to return to those levels $0.0029438 to $3.84.
It is true that there is a limit to the currency, but since it is centralized, there is nothing preventing them from printing more currencies.
The reason for its high position is that the classification depends on market capacity, which is a useless measure and is not important or does not express whether the cryptocurrency is a good investment or not.
It is good because it provides cheap transactions, instant confirmations, and centralization, it may be a good option for banks and banking systems.
It is true that there is a limit to the currency, but since it is centralized, there is nothing preventing them from printing more currencies.
The reason for its high position is that the classification depends on market capacity, which is a useless measure and is not important or does not express whether the cryptocurrency is a good investment or not.
It is good because it provides cheap transactions, instant confirmations, and centralization, it may be a good option for banks and banking systems.
XRP is still popular these days it's because of the SEC case that they've won and that's why it's still in the top list of the market.
I don't think anyone would have noticed the SEC case if its price had not risen or had this market capacity. I think it is closer to Dogecoin, which everyone will be silent when it does not start rising.
[....]It has a circulating supply of 53,175,400,720 (Coinmarketcap) , a max supply of 100,000,000,000, yet it still managed to astronomically increase it's price from $0.0029438 to $3.84?
I didn't know a coin could have so much supply yet increase to that price, so how did it all happen?
It was basically carried during bullrun like others have said and another thing is that the people behind are quite big or influential so they're able to create hype then build a community. You see Ripple Company partner with financial institutions so that tells you they have the capacity.I didn't know a coin could have so much supply yet increase to that price, so how did it all happen?
I think it was also during these times that people started to move on from the basic metrics in choosing a coin to invest like scarcity and decentralization. If you need a more recent proof of this then you can also check what happened to Shiba Inu.
Just to add that coins with no supply cap like ETH and Doge also pumped.
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