Topic: Ripple Unlocks One Billion XRP, What will impact on it’s Price? (Read 228 times)

Hi, I know here is not to talk about thecnical problems but IF you could direct me to someone who help me i appreciate.
I have some xrp on coinomi but the wallet does not support xrp anymore. So, i want to export my xrp to xumm.
But i have others coins on coinomi and Just one private key. How can I export just xrp and keep the others coins safe in coinomi?
Thanks

From my analogy haven seen XRP increased in supply this could cause a big panic within its holders leading to serious dump, but what do I say we should always understand that market is highly speculative and any thing could likely happened in the market. I think we have to be optimistic about the market, although there are other news that says of XRP partnering with bank for payment purposes so this could be another reason why it was released.

Ripple has lost all of its value, which it gained thanks to the court ruling and the victory over the SEC. The market is now preparing to fall further, the economic situation is worsening, financing rates are rising, and inflation is rising. I'm sure this is not a good time to buy altcoins, as they are all now steadily trying to fall even lower than they were worth today, and tomorrow they are already worth even cheaper than they were yesterday. XRP has a real chance of being worth around 35 cents again if the crypto market continues to deteriorate.

Ripple has been in the market for a long time. It's true that they haven't developed much since they've been on the market for so long. and now the crypto market is very deep so it is not really right to unlock 1 billion Xrp at this time. XRP has a marketcap of more than 50 billion till date and its opening price was $0.002802 and current price is $0.50 so it can be said that they have a big strong and intelligent team member so they will take a decision carefully.  And maybe they have a good motive in unlocking 1 billion

XRP is a good coin, as I said before. But I also agree with you that it is very difficult for XRP to experience a price increase due to this release. I am confused about how I place myself in assessing XRP because as far as I know XRP is a good coin but it is useless if it cannot provide profits for you.

Big Impect in XRP price because creat High sell order

Yeah, it's fixed total supply, and kentrolla might be right about manipulation, but as it's scheduled inflation by design and they are open about it, it's not illegal market manipulation imho. While total supply is fixed, circulating supply is changing monthly as Ripple is unlocking it more from escrow wallets, when ever they need more funding for themselves.

There was originally 55 billion XRP locked and over 43,4 billion is left for them still to spend. And that's a huge about for markets to absorb if they want to keep the price up.

It sees it dumps but not actually we could say that was the main reason. Let us see what will happen a few days from now because the impact is instant as it takes a few days. But I don't we need to worry about it because we know that since before the price of XRP has remained that low.
In fact, after winning the SEC, we never see any price rally but it is still kept low a reason why investors are so disappointed for holding where they don't get any earning benefit from them.

The price of XRP doesn't seem to be getting too pumped yet with them unlocking a billion Ripples it could have more impact. Investors are less attracted to XRP because it behaves almost like a stable and it is very difficult to profit from it because its price does not change much over a long period of time. I myself am not interested in trading or holding XRP.  And when they unlock another billion XRP they may lose more investors

If the reason for reaching the 1 mil supply was due to them suddenly releasing a huge amount all of a sudden then it should be a cause for concern. However if this was simply a part of a regular cycle then I don't think it's much for people to take note of. It's technically not an issue since it was pre planned already way before.

I know about the positive news about XRP and SEC a few weeks ago but I haven't seen any updates about it lately, I don't think we'd see any more big change unless some kind of update pops up.

thats relief for those that are investing in ripple, regardless though it seems the market are just doesn't get affected by these rumours at all, maybe they are already getting used to it as you said.
I'm myself not really into investing in ripple but regardless there are tons and tons of people that are investing in it. still baffle me the main reason they choose to invest in ripple when there are other better coins out there but I guess
the fact that ripple itself being adopted by banks is the thing that motivates many to invest in it.
though doesn't change the fact that there are simply too many rumours surrounding this one coin.

Even after them unlocking one billion XRP, you still think it is a good thing to invest into? I can't believe that people could think of it like this. I mean I consider it to be as terrible as it gets and insanely centralized and should not be even come close to contact with it at all.

You should be avoiding it as much as you possibly could and that way it would make a lot more sense. I think it should be important to remember that XRP is something that the creators ended up doing just to get richer and all of you investing into it, even after things like this, shows that it is not going to be possible for it to get any other way. I think it should be avoided one way or another, and that's the most important thing.

Well I do not think Ripple Labs is very worried about the future of the company. Or this impact on price. And I think when it wins the case with the sec we will see huge profits so it is still a good token to hodl.
They have a 'community celebration' that is planned for later this month in New York. I think they are certain they will win the case and investors will profit big.
https://www.cryptoglobe.com/latest/2023/08/xrp-ripple-getting-ready-for-a-proper-victory-party/

Yes, it is certain that we will witness a decrease in the price due to the increase in quantity and decrease in demand, in addition to that, a decrease in Bitcoin, which will naturally lead to a decline in the market in general.

So I think it's a good time for a strategy of buying Xrp through DCA.

They have been unlocking this amount every single month for as long as I can remeber. And it’s always on the first of the month, this is nothing new.

I haven’t looked into it but I think they might burn this right away also and not actually spend it. Either way, don’t panic, it’s been happening every month for the past few years and nobody seems to care anymore. They their lock it up again or burn it or just don’t spend it.

I believe that XRP is a good coin and has a great future. I've been collecting XRP myself for a long time and I've had some benefits from 2017 -2023. I think adding 1 billion XRP is their strategy and I believe this is also a good thing for the market.

I think it's a component of the roadmap, and the majority of investors or holders are aware of this, so there's no need to be concerned. XRP isn't the only cryptocurrency experiencing a decline if we examine other alternative coins, they're also going down. Therefore, this isn't a major problem, but in my view, when such a substantial supply becomes available, it does have an impact on the value. I purchased XRP last month and intend to acquire more if the price continues to decrease.

Not all additional supply will have a negative impact on the price of a project token, it all depends on its purpose, for example allocation to expand the ecosystem and so on. But based on the news you've provided, I think that this additional supply of $XRP is having a negative impact on the price.


Look at how the news about the additional supply changed a whale, the whale even immediately transferred to Binance the 19.92M $XRP he had. It would be better to wait for what will happen in the future, if indeed the price of $XRP continues to decline for the next 1 or 2 weeks, that is where you will most likely find good opportunities.

Shouldn't you do the opposite, which is selling? they are able to print 1 billion Xrp from escrow, this means that they can sell it at a good price. It is a price that you may not see soon, and your buying while they are selling as part of its monthly strategy and the decrease in difficulty means that this 1 billion has been pumped into the market, causing the price to decline. they win the case against SEC but price is still low which doesnt make any sense.

As long as they can print more, every increase in price will cause them to print more, but an increase in supply will always equal a lower price.

Doesn't have a fixed supply? Base on Coingecko, and Coinmarketcap, it has 100 Billion supply. So you're saying that both these websites are wrong then? I agree with you that they can pump, and dump it though, but what's making me curious is that, despite of the backlashes that Ripple has received over the past few years, it has been on the top 10 still in terms of Market cap.

This just shows that the community behind it is large, so large that it can't put the project down despite of all the negative thoughts that surrounded the project for the past 3-4 years I guess. Open Manipulation? There's always a chance for that since it's a centralized project so it might be, or it might be not.

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I don't know why people here are very pessimistic about Ripple, and it's unlocking of 1 Billion XRP. Are you long term holders of Ripple thus you see this as a negative one. Increase supply, same demand = price goes down yes, but what's the best thing to do when the price is down? Isn't it to buy more to at least grab the opportunity? I mean I'm not a trader, or a holder of Ripple as well, but I believe that this move by them is an opportunity for us investors to get some profit at least. This news didn't have any effect still on XRP right now, but I might take the opportunity to at least buy it for short term if it will have a negative effect.