Not entirely sure. Probably just speculation.
People simply don't realise that the way XRP is structured means that it is completely centralised. And with that lawsuit now in the way, their competitive advantage over other cryptos is essentially all gone.
The one thing that you should always note about crypto markets is that it is almost never rational. Just take a look at how DOGE is performing despite having virtually no real world usage cases.
Topic: Why are people still buying XRP? - page 3. (Read 2627 times)
That's how it is, all about the speculation and althout they didn't win the case yet but people are just expecting that there's a good news that might favor XRP to win the case, so the pump happen but I don't think it could sustain though.
People are looking for coins to invest and Ripple was found to be one of the few coins that went down because of the SEC lawsuit and since the market is pumping which ever coins available they do not care about the lawsuit nor the issues it might be facing which does not make any sense but it is how the market is in the cryptocurrency space as majority of the rally does not make any sense. 
The situation with XRP is highly ambiguous. Even if the project does not get out of litigation, as long as there are chances for it, then there are chances to make good money in case of a positive outcome. Of course, the risks are very high. If you look at it as a whole, the project essentially sold its coins for a very long time without any outside interference, and now suddenly the SEC decided to clamp it in a vice. Nevertheless, Tezer manages to stay afloat despite any lawsuits, the same can happen to Ripple.
I think the slow rate of the court proceedings is giving the project opportunity to engage its army. It is observed that most of the trade is outside US jurisdiction especially with Law enforcement, from Korean exchanges to Australians, Binance outside US is yet to delist XRP, Which could be the strongest trading front for the coin. So In a bull market it might be easier to maintain the volume and engage the trade by sustaining the price.it seems that xrp team will win on this battle. it is true, they are actively trading outside US jurisdiction. i like xrp for transfer purposes but right now, for long term investment quite very risky.
but for those holders and if xrp will get over this hurdle, i guess they will gain good profit here. and i dont think xrp team will give up on this issue, they have a lot of organisations that are already committed to this project.
I think that in a bull market, purchases are made from the best known coins and XRP is one of them... maybe this speculation will leave many people disappointed.
That's how it is, all about the speculation and althout they didn't win the case yet but people are just expecting that there's a good news that might favor XRP to win the case, so the pump happen but I don't think it could sustain though.
The situation with XRP is highly ambiguous. Even if the project does not get out of litigation, as long as there are chances for it, then there are chances to make good money in case of a positive outcome. Of course, the risks are very high. If you look at it as a whole, the project essentially sold its coins for a very long time without any outside interference, and now suddenly the SEC decided to clamp it in a vice. Nevertheless, Tezer manages to stay afloat despite any lawsuits, the same can happen to Ripple.
I think the slow rate of the court proceedings is giving the project opportunity to engage its army. It is observed that most of the trade is outside US jurisdiction especially with Law enforcement, from Korean exchanges to Australians, Binance outside US is yet to delist XRP, Which could be the strongest trading front for the coin. So In a bull market it might be easier to maintain the volume and engage the trade by sustaining the price.
I think that in a bull market, purchases are made from the best known coins and XRP is one of them... maybe this speculation will leave many people disappointed.
The situation with XRP is highly ambiguous. Even if the project does not get out of litigation, as long as there are chances for it, then there are chances to make good money in case of a positive outcome. Of course, the risks are very high. If you look at it as a whole, the project essentially sold its coins for a very long time without any outside interference, and now suddenly the SEC decided to clamp it in a vice.
XRP will entire pumped high or will dump a bit. There's no reason for the price to dump more in case the decision is against them, I think the project will not be stopped, instead it will be require to pay a penalty which I think Ripple can afford since it's a billion dollar marketcap already.
That's right, you were right. As we can see now, although there is still no 100% specificity, the project has already recovered and has grown significantly in price, which speaks for itself.
Nevertheless, Tezer manages to stay afloat despite any lawsuits, the same can happen to Ripple.
Can you give me a link about this certain project?Are you talking about Tether? Search for the tag Tether Bitfinex litigation on Google.
the reason may be that XRP still has a large market share...
XRP did get into trouble with the SEC but over time the problem seemed forgotten. maybe in a few months later, the news will subside and the price of XRP will rise again.
XRP did get into trouble with the SEC but over time the problem seemed forgotten. maybe in a few months later, the news will subside and the price of XRP will rise again.
The situation with XRP is highly ambiguous. Even if the project does not get out of litigation, as long as there are chances for it, then there are chances to make good money in case of a positive outcome. Of course, the risks are very high. If you look at it as a whole, the project essentially sold its coins for a very long time without any outside interference, and now suddenly the SEC decided to clamp it in a vice.
XRP will entire pumped high or will dump a bit. There's no reason for the price to dump more in case the decision is against them, I think the project will not be stopped, instead it will be require to pay a penalty which I think Ripple can afford since it's a billion dollar marketcap already.
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Nevertheless, Tezer manages to stay afloat despite any lawsuits, the same can happen to Ripple.
Can you give me a link about this certain project?
The situation with XRP is highly ambiguous. Even if the project does not get out of litigation, as long as there are chances for it, then there are chances to make good money in case of a positive outcome. Of course, the risks are very high. If you look at it as a whole, the project essentially sold its coins for a very long time without any outside interference, and now suddenly the SEC decided to clamp it in a vice. Nevertheless, Tezer manages to stay afloat despite any lawsuits, the same can happen to Ripple.
yes, the supply is too huge , but last time I check it nearly goes to 0.8$ last month, and then SEC issue came in I think if there's no ongoing issue or if SEC doesn't appear last month it will be mooning now, let us think that even some coins are shitcoin with no actual use case or don't have good fundamentals and nothing will give us in the future still as long as there will be people who hodls it and scalps it, it will continue to pump or dump.
Yes, that could be a reason, but it could be that those who bought XRP were those who bought XRP in 2018, they bought XRP to cover their losses, some people still really believe in XRP, and they prefer to buy XRP over other coins. I don't know the exact reason, but in my opinion, they chose to buy XRP because they still believe that if the XRP price is able to touch $5 to $10, and technically using Fibonacci, the price area that XRP is aiming for is $5.
I do not believe in the growth of xrp, I think that it can go to 1-1.5 dollars, not more. The number of tokens is too huge to grow higher. Maybe some people still hoping to increase $1 or more and I've heard some people that they believe that one day XRP will go to the moon. Well if that people believes then let them buying XRP. Sometimes I use XRP to transferring funds because the fee is low and fast transaction. I hope XRP will win this lawsuit.
Yes, that could be a reason, but it could be that those who bought XRP were those who bought XRP in 2018, they bought XRP to cover their losses, some people still really believe in XRP, and they prefer to buy XRP over other coins. I don't know the exact reason, but in my opinion, they chose to buy XRP because they still believe that if the XRP price is able to touch $5 to $10, and technically using Fibonacci, the price area that XRP is aiming for is $5.
Ripple fans hold and invest in XRP because they believe that after court all claims against this cryptocurrency will be resolved. Afterwards all Ripple haters together with SEC will nervously panic, when XPR will pump to the moon.
All haters? we'll if it pumps, then that's good for those holders of it but mostly, they don't care if it pumps or dumps. The lawsuit doesn't seem to be an issue anymore.XRP is just still around and regardless of the lawsuit, the trades in different exchanges are just continuing.
Ripple fans hold and invest in XRP because they believe that after court all claims against this cryptocurrency will be resolved. Afterwards all Ripple haters together with SEC will nervously panic, when XPR will pump to the moon.
Most investors turn their back on xrp because of sec involvement in the project but the smart investors knew that the sec involvement won't last forever and they knew they can make gain from the project, as a matter of fact look around you it's already happening, ripple won't go down without a fight I know it's risky but all crypto projects are risky too, you got to take the chance
I just visit coingecko to check ripple price.warning is still showing about Ripple as it is still charged by SEC.even after seeing that, People are taking more risk cause they are buying more and more ripple when they aware that their ripple could be freeze anytime and they could lost their captial! But they taking risk cause they belive that, ripple team would solve this issue and after that. Ripple value will blast.so they still buying ripple as if its an oppourtunity to get profit
because many still have demand and use.people will stop using it when it's not needed no one wants to use it already doesn't have what it needs then xrp will slowly be forgotten.But reality says otherwise it's just a matter of politics when SEC announced banning of XRP yesterday.
If you are a risky trader, then XRP can be either a big win or a big loss after the SEC makes its decision. But as a rule, the higher the risk, the greater the opportunity to make a good profit. People hope that the trial will end with Ripple's victory and the project will regain its reputation in the future.I got disinterested in XRP back in March 2020 when I learned about the 20 XRP wallet minimum. That was a deal breaker for me because it requires people to invest some money that they will never be able to access again. Also, I did not like how XRP is centralized. But now, with the giant lawsuit, why are people still buying?
Simple, they have faith in it. In my experience, lost about 50% on XRP actually when the lawsuit was announced. Had to sell it. But seeing how things are going, the volume still stands for XRP and the price is still rising amidst the lawsuit.
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