What brings XRP back to 1$?
I was wondering what is happening with XRP and why we are having a sudden pump. I was curious to read some articles online and find out what people think about XRP and what was the good news that keeps the price high. It is no wonder that the season for altcoins has started already. Not just XRP but many altcoins have started having a bull run. But what surprised me was the fact that XRP had its first time 1$ in the last 3 years. There is still a lot of ways to reach its all-time high.
Ever since the last bull run that happened 3 years ago, we have not seen a decent pump in the price of XRP. But some investors who have been holding this for a long time would know that the party hasn't started yet. Veteran Analyst Peter Brandt says that "XRP’s Price Can Go ‘Boatload’ Higher".
XRP has rallied by over 50% so far this week, for a market value of $37 billion.
A few months back a lawsuit was filed stating that the founders of Ripple labs didn’t register XRP properly and they minted a lot of XRP for themselves. SEC also says that XRP is more centralized than how it is claimed to be decentralized like other coins like BTC and ETH. After all this drama Coinbase decided to delist XRP. But the traders and investors have proved now that they don't care if Coinbase is delisting it or not. The current market volume of XRP and the way it stays on the top 10 proves that exchanges are not only the major player here.
XRP still trades on many popular exchanges including Binance and it was never dependent on Coinbase alone. There were arguments from some people saying that there is no need for XRP at all as a middle man because the transactions can happen with the help of stable coins. In my opinion, if we even go for a stable coin solution, there will always be a small factor of centralization everywhere. Pure decentralization is still in theory only.
Getting back to the XRP topic, I also think there is a high possibility for the price to go up further. 3 years back during the bull run, I bought a decent quantity of XRP. I also made some of my friends invest in this when the price was over 2$. They are all non-crypto folks and they keep asking me when XRP will moon. I have asked them to hold it for another few more years. But I feel it is more likely that this year itself the mooning can happen.
I guess the good news that is keeping XRP active in the last few days is because of this. I guess it is going to be all good for XRP and the price will keep pumping. Let's hope for the best.
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I will my XRP to pump more and sell them to buy hive 😁
https://twitter.com/bala41288/status/1380762681850822658
I think all the Alts are started gaining all because of Alts season.
I think XRP will go up along with the rest of the crypto space during the bull run. But I don't think it has solid enough ground when we hit bear market territory after the run. I am glad that some of the bag holders might be able to get out with a little bit of profit or break-even.
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I think that their issue has been reached and is on the way to settlement
Perhaps some whales knew this and started to buy
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I still have some XRP on Bittrex myself, good to see the sleeping giant awaken!
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Centralized crypto is easier to be controlled both the market and the network. It is proved that XRP developers can pass all the bad situation. If US do not welcomed anymore to XRP, the head office will be relocated to other countries. That is why more investors give trust to XRP
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