XRP Price Must Shake 30-Month Lows Vs. Bitcoin to Start Rally

[Oxumare]

It’s high time for XRP and XLM to catch up to not only Bitcoin but also some notable altcoin counterparts such as Ether and Cardano.

One of the fundamental reasons for XRP to lag behind the other majors is the monthly supply coming on the markets by the headquarters. On the first of every month, 1 billion XRP is unlocked and transferred to exchanges.

What does that mean? It means that every month 1 billion XRP is being sold on the exchange, which is causing a significant amount of selling pressure. As the current price of XRP is $0.21, the total value of this supply is $210 million every month.

The real problem of XRP lies in the fact that its BTC pair is doing exceptionally poorly. It’s currently at the lowest point since December 2017, which is more than 30 months!

Heavily needed for any upward momentum would be a rally and break back above the previous support, which is found between 0.00002300–0.00002350 sats.

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[aiviaa485]

We have seen the cruelty of Ripple where every month is issued with a total of 1 billion Ripple coins and this is a very large value.

Is this not a disaster for those who trade Ripple?
It is very scary to trade Ripple if we use long-term tricks because the short-term Ripple is sold on the market in the market for around 1 billion tokens.

[IyemRoker]

This principle is very different from Ethereum and I'm not sure if Ripple will overtake Ethereum in the near future.

We can see a comparison like this:
-Ethereum is created by Miner and searches for each Block to create 1 EThereum.
- Requires strong hardware, high internet and expensive electricity.

* Ripples are easily created by the #DevelopmentTeam  and sent 1,000,000,000 monthly to the exchange for sale.
* Ripple is very careless in this case because the selling price is higher than the purchase price.

Conclusions: Ripple can't take over Ethereum because this is bad plan from Ripple . IMO

[Muneeb22]

All the crypto market is down but soon it will go to up because now at this time BTC is down and peoples will start to buy the coins and safe them becasue they know that the market give them good profit in future.

[gourav787]

There isn't only Ripple becuase whole Crypto market going fall at this time . Ripple is really a perfect coin if we select this coin as a long-term investment . I Think soon as possible Ripple took bull run and it's invester got good profit from it .

[gulsoom2020]

xrp will  pump to much fast just hold for few weeks will pump to 1$

[kent47400]

Ripple and Stellar cannot be forced to increase in price because these two coins are indeed decentralized, even though Ripple is 70% owned by a #DevelopmentTeam  and Stellar is 100% pure not centralized.
If Bitcoin and Ethereum go up in price then Ripple will usually go up in price too but we can't force it to go up.

Something that is forced will end in failure so this is the right step for us to be patient HODL Ripple for the long term.

[syedrasool2011]

I'm puling out WAY before this..........Math for "taking over the world"..... "If" money once again becomes backed by gold, "AND" XRP becomes the international standard of exchange for cross boarder settlement, then you would need about 1 xrp per 2 ounces of gold to properly represent  the 2.5B ounces of gold. At today's valuation, that works out to about $4K per XRP.  Considering the massive transfer of wealth to banks holding xrp, that kind of greed could motivate the change and make it possible. What a moon shot! Could say it would be 'Stellar'. Worst. Crypto. Pun. Ever.