Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => XRP - Ripple Forum => Topic started by: tonymillions84 on December 30, 2020, 10:45:36 PM
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As the huge suspension keeps hitting hard on Ripple market. this token remains indomitable. it retains it top spot in the crypto market for days after loosing over 70% of what it gains during the last four months. XRP team made a statement saying the USA market does not determine their volume and trades rather it is the Asian market. i think the Asian and european markets will accept XRP with open arms while The us market rejects it.
i also strongly believed that XRP is not going down.
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XRP gain some good movement yesterday and reach $0.25 but after some time it's again down to $0.19. The next predicted target is $0.30 to $0.60 if some positive move comes up from the XRP owner side, otherwise, it will be dumped really badly.
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As the huge suspension keeps hitting hard on Ripple market. this token remains indomitable.
this COIN.
it retains it top spot in the crypto market for days after loosing over 70% of what it gains during the last four months.
Don't be fooled by its position by marketcap. It's currently sitting fourth with marketcap around $9 Billion but if you take a look at the historical data (https://www.coingecko.com/en/coins/xrp/historical_data/usd#panel) for this month alone, the highest it has been was around $30 Billion. Also, the other reason why it's still remains there is it's huge circulating supply (45 Billion) compared to other coins
XRP team made a statement saying the USA market does not determine their volume and trades rather it is the Asian market. i think the Asian and european markets will accept XRP with open arms while The us market rejects it.
i also strongly believed that XRP is not going down.
They will most likely lose and pay a hefty penalty. If Asian and European markets are that huge, XRP wouldn't be losing $20 Billion of its market cap this month alone.
Ripple and XRP holders/shills are the only people saying it still remains strong. If you look at this from a neutral perspective, it's already down.
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However, due to the decision made by the SEC some time ago, many people are afraid of losing their assets if they stay on XRP! Even though the XRP team has worked hard to keep doing the best for this coin, I also hope that XRP will again get the full trust of the community. And look at the current price in the market, there is an increase in the price of Xrp ... Even though it's very small!
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As the huge suspension keeps hitting hard on Ripple market. this token remains indomitable. it retains it top spot in the crypto market for days after loosing over 70% of what it gains during the last four months. XRP team made a statement saying the USA market does not determine their volume and trades rather it is the Asian market. i think the Asian and european markets will accept XRP with open arms while The us market rejects it.
i also strongly believed that XRP is not going down.
I have read any negative issue about ripple, I hope ripple team can against SEC. Because at last week I see ripple has pumped, then going down again. Ripple is good for ripple, but I see ripple is struggling now.
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Xrp will remain as one of the top cryptocurrency in the market. What is happening right now could be the chance for asians and Europeans traders and investors a huge chance to make good profit from xrp.
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It is true that the American market is very strictly regulated and requires to have the truth in reserve funds, there are very strict regulations and require having the truth in reserve funds, where Fiat money must be a real backup for the Ripple coin.
Even privacy coins like Dash, Monero and Zcash have been heavily regulated and removed from various trading markets based in America.
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Because of deep impact of xrp to banks and people who were early supported the platform, Ripple is hard to defeat from rank #4 up to rank rank #10. Even ripple will go down in ranking it will not go below rank #10. Huge xrp supporters still do daily trading because it is good for short term and they earn profit daily.
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With this current XRP performance in which is still holding the 4th place of Altcoins supremacy in spite of the difficulties that they are facing it really shows that there are still people who trusted the XRP platform. So expect that this coin will not become shit coins that easily specially if they make a lateral moves to counter the SEC lawsuit.
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With this current XRP performance in which is still holding the 4th place of Altcoins supremacy in spite of the difficulties that they are facing it really shows that there are still people who trusted the XRP platform. So expect that this coin will not become shit coins that easily specially if they make a lateral moves to counter the SEC lawsuit.
May be SEC thinks that if they file a case and bound the XRP then it will not be able to grow, but that's not gonna happen because of XRP involved in many businesses which they have mentioned on their Twitter account.
From the situation I think that XRP rivals setup them so they can destroy the XRP growth.