Pure pump and hype. pump started price rally and hype keep it long enough
I know some good project with good news lately (and actually better than ripple news) but price still not go up
Topic: What is the reason for Ripple 40% increase? My Opinion (Read 315 times)
Ripple is not itself a decentralized system.
However, this is what allows Ripple to find loyalty on the part of the banking sector and governments.
I think Ripple has a great future and can grow hundreds of times in price
However, this is what allows Ripple to find loyalty on the part of the banking sector and governments.
I think Ripple has a great future and can grow hundreds of times in price
I guess the info about exchange release got leaked somehow and ppl started buying to resell during the exchange release pump... XRP price increased significantly!
Perhaps this growth is due to the good mood of investors who could influence the news about the partnership with the American PNC bank and the forthcoming full-scale launch of the xRapid product.Similarly, the blocking consortium R3 withdrew lawsuits against the California company
This is a more accurate reason. The news about cooperation with the bank will greatly encourage the whales to invest money. Now, the whales may not be dumped in a short time.
And according to this trend, the ripple is very likely to continue to rise.
I think the reason is because Ripple just launched their cross-border transfer service xRapid in two days. They also made known successful XRP pilot programs with many banks across the globe.
However, this shouldn't take much of our attention because Ripple is still a centralized platform and a centralized platform cannot be fully trusted.
Banks and other financial institutions could equally use Bitcoin, Etheruem, Litcoin, Dogecoin over Ripple now.
It's an enticing fluke, but most Ripple holders only know Bitcoin and Ripple and don't know more about decentralization which is the core feature of cryptocurrency, so this is "great news" for them.
Experience whales know this and so they also buy Ripple which it will not take them much time to dump it again.
Am eager to read you guys opinion about this.
However, this shouldn't take much of our attention because Ripple is still a centralized platform and a centralized platform cannot be fully trusted.
Banks and other financial institutions could equally use Bitcoin, Etheruem, Litcoin, Dogecoin over Ripple now.
It's an enticing fluke, but most Ripple holders only know Bitcoin and Ripple and don't know more about decentralization which is the core feature of cryptocurrency, so this is "great news" for them.
Experience whales know this and so they also buy Ripple which it will not take them much time to dump it again.
Am eager to read you guys opinion about this.
I like the fact that ripple has grown. Now I believe that the market is really not dead and will continue to develop further with the greatest zeal and growth. Now it worked as a kind of push. I think that we can expect the same effect with other cryptocurrencies
I have always stated in this forum that XRP is a very shady currency. Unlike the coins such as Bitcoin, Ethereum and Litecoin, we don't have any idea about the biggest holders of that currency. And worse still, the total circulating amount is also disputed.
It has long been known to all that now the main thing that contributes to the growth of cryptocurrencies is an information. I do not know how you can not understand this because such things are basic. Of course, the latest growth was also influenced by huge information reasons
Ripple was quite a surprise, with a partnership with the bank as if the team had many communities. With partnerships in banks, so many customers are likely to join and hold this coin.
The team's steps are indeed good for attracting everyone's attention, surely hoping this value will continue to grow well.
The team's steps are indeed good for attracting everyone's attention, surely hoping this value will continue to grow well.
This is a coin w/o any community so it's easier to ump. Some whales posted news and pumped it, this is the reason imo. I missed the pump but w/e
As far as I know, the SEC intends to accept the ripple as a common payment currency, but this is not certain, so the recent rises in prices have been quite high.
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Experience whales know this and so they also buy Ripple which it will not take them much time to dump it again.
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Experience whales know this and so they also buy Ripple which it will not take them much time to dump it again.
...
This is the key phrase of all your post. Also I think that whales can not only dump, of course they pump also. So this 40% in a day can not be just an organic growth. And all of us know what we should expect after this pump
There were too many openly short contracts for XRP. On the wave of positive news short position were knocked out of the market. Many closed on the stop-loss and got such a sharp pump. I think soon we will see a decline in the price of XRP.
I think that the main reason for the increased attention to Ripple is the fact that the volume of the capitalization of the crypto currency is growing. As for Ripple, the latest news related to the coin has a positive content.
It was temporary, now everything has returned to its place, so I think it was just ordinary pamp no more!
Agree, just overhype pump and dump from the xRapid news.
It was temporary, now everything has returned to its place, so I think it was just ordinary pamp no more!
Ripple doesn't need XRP coin so they are using XRP to sell it and they need to pump XRP price to sell it high. So last days we saw pump and dump scheme to sell XRPs. They were buying XRP to pump the price and sell a lot of XRPs - look for the volumes on highs!
A lot of great partnerships and good marketing are the real reason for the growth of the ripple. But as noted above, the ripple is very centralized.
there was also news from the streaming industry, it will be possible to make donations using Ripple
Ripple is coming with Ripple's xCurrent which helps banks to settle international transactions by using blockchain to confirm transactions in real-time at each stage of a cross-border payment.
Am happy to read you guys submission on the subject matter, time will tell if Ripple will continue to retain its dominance.
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