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Topic: XRP is up 118% in seven days as the market responds positively to SEC case news - page 2. (Read 304 times)

legendary
Activity: 2744
Merit: 1288
It seems Ripple is one of few coins that pumps on SEC news Tongue  Normal cryptocurrencies have nothing to do with SEC and dont need any of their news so their pump have to rely on adoption and development news. I am sure SEC will make many more news to influence ripple price.
hero member
Activity: 2562
Merit: 577
What happening with XRP right now is a bear trap, and those who rush to invest in this coin will regret about their decision later. The SEC lawsuit was just a symptom. The disease remains. The biggest problem with XRP is that its market cap is inflated through artificial means. The promoters hold somewhere around 80% to 90% of the circulating supply (either by themselves, or indirectly through Ripple foundation and other bodies). And only a small part of the supply is in free-float and thereby the XRP exchange rate is kept at a very high level (despite not having any real life usage).

Am in doubt that what is happening is a bear trap, we are supposed to be in the early stage of alts season remember,  xrp pump has been long overdue, what is happening right now can be considered as genuine buying of xrp from traders who were waiting so long to hear the final sec verdict but who seem not to care much about that,
Last time there was a pump, many also describe it as a bear trap but I don't think that's what is happening now, trader's can't wait anymore it seems, it just seem like an inevitable pump.
full member
Activity: 1820
Merit: 107
Honestly speaking I'm also surprised with the XRP performance lately, but how the coin responds positively to all of those negative publicity in the previous months, The 118% rise in just seven days is not a joke and the price was playing at $1.28 to $1.34 at the time of writing thats why I conclude that the SEC drama is gone temporarily. I hope the price will increase more in the following days or weeks to come.
hero member
Activity: 1610
Merit: 507
Actually, that is good news for XRP because that can lift the price and back to the price now. That gives the investor confidence to invest in XRP again because I think the price can go up and break $3 soon. If you want to follow their step to invest in XRP, just be careful and research before deciding because we know that XRP can increase and decrease without you know. After the price reaches the high price temporarily, the price will adjust to the lower price.
sr. member
Activity: 618
Merit: 292
What happening with XRP right now is a bear trap, and those who rush to invest in this coin will regret about their decision later. The SEC lawsuit was just a symptom. The disease remains. The biggest problem with XRP is that its market cap is inflated through artificial means. The promoters hold somewhere around 80% to 90% of the circulating supply (either by themselves, or indirectly through Ripple foundation and other bodies). And only a small part of the supply is in free-float and thereby the XRP exchange rate is kept at a very high level (despite not having any real life usage).

XRP has real life usage and your fud will not become more true if you repeat it over and over again. You can bet your coins in your 777 Casino. Who is interested in the facts of the case of the lawsuit - in order to make a decision and no casino game - should read this:

https://www.forbes.com/sites/roslynlayton/2021/03/11/sec-stumbles-in-ripple-case-lost-in-a-maze-of-its-own-making/

sr. member
Activity: 1988
Merit: 453
What happening with XRP right now is a bear trap, and those who rush to invest in this coin will regret about their decision later. The SEC lawsuit was just a symptom. The disease remains. The biggest problem with XRP is that its market cap is inflated through artificial means. The promoters hold somewhere around 80% to 90% of the circulating supply (either by themselves, or indirectly through Ripple foundation and other bodies). And only a small part of the supply is in free-float and thereby the XRP exchange rate is kept at a very high level (despite not having any real life usage).
legendary
Activity: 2492
Merit: 1145
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Like it has been said a couple of times already, XRP's future depends a whole lot on what the final verdict of the lawsuit is going to be, XRP is appreciating at the moment as some of the SEC's arguments and requests on the case have been denied/dismissed by the court, this prolly must have allured some investors back to XRP, with a bit of hope that victory could be XRP's at the end of all this.

Having said that, since the case is still pretty far from over, I'd be concerned with pump and dump occuring along the way, a big news against XRP in this case could surface in the coming weeks that could see the price crashing down yet again.
I agree, It seems that the SEC lawsuit affects ripple too much and Ripple's future will depend on occurring news on their lawsuit. A piece of simple good news about XRP affects its price too much. Imagine what will happen if XRP wins their lawsuit, XRP price would go to the roof for sure. Those who will get the news first will surely get a huge profit from it, I'm sure they will take advantage of it.
copper member
Activity: 65
Merit: 11
Despite the high negative impact of the sec law suit against the coin (XRP), it  still managed to rise in price and having a profitable week. I guess the government was not truly ready to regulate the crypto space or may be the government is overwhelmed by the successes recorded by the coin within the period of it ico and the law suit.  XRP will come out strong after this law suit is over and in their favour.
legendary
Activity: 2184
Merit: 1302
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Like it has been said a couple of times already, XRP's future depends a whole lot on what the final verdict of the lawsuit is going to be, XRP is appreciating at the moment as some of the SEC's arguments and requests on the case have been denied/dismissed by the court, this prolly must have allured some investors back to XRP, with a bit of hope that victory could be XRP's at the end of all this.

Having said that, since the case is still pretty far from over, I'd be concerned with pump and dump occuring along the way, a big news against XRP in this case could surface in the coming weeks that could see the price crashing down yet again.
legendary
Activity: 1498
Merit: 1116
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They are going to enhanced every good news so they can further pump Ripple's price. the news although positive did not guaranty that Ripple is winning the case, it is still up in the air and this is going to be a long battle that will take months and expect a lot of dip and pumps for every news that comes along the way.


In my opinion, XRP is good to buy if you have the money to gamble.This is a big week for XRP because this new ATH is the highest it has been in 3 years. The increment hodlers of XRP are enjoying now is as a result of the few key cases they have won against the SEC. We need no magician or soothsayer to tell us the future of XRP that with just a few losses (i mean their court cases) or even just one major loss, the price of XRP could fall considerable and other holders will loose profit and capital.
newbie
Activity: 110
Merit: 0
  much hype, probably back down to reality soon.
plr
member
Activity: 1162
Merit: 24
Amid a weekend pump carrying multiple cryptocurrencies higher, Ripple’s XRP looks to be leading the way with a push as high as 30% on the daily arried on the back of a string of legal victories and rumors of relisting at some exchanges.  READ THE COMPLETE STORY HERE: https://worldpublicityblog.com/index.php/2021/04/11/ripples-xrp-cryptocurrency-is-up-118-in-seven-days-as-the-market-responds-positively-to-latest-sec-case-news/




They are going to enhanced every good news so they can further pump Ripple's price. the news although positive did not guaranty that Ripple is winning the case, it is still up in the air and this is going to be a long battle that will take months and expect a lot of dip and pumps for every news that comes along the way.
jr. member
Activity: 62
Merit: 4
Amid a weekend pump carrying multiple cryptocurrencies higher, Ripple’s XRP looks to be leading the way with a push as high as 30% on the daily arried on the back of a string of legal victories and rumors of relisting at some exchanges.  READ THE COMPLETE STORY HERE: https://worldpublicityblog.com/index.php/2021/04/11/ripples-xrp-cryptocurrency-is-up-118-in-seven-days-as-the-market-responds-positively-to-latest-sec-case-news/


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