XRP, Ripple, Inc. widely used, is one of the most frequently mentioned Assets in the social media. But, in Spite of the highly active Community, and million are a waste of Coins XRP is stuck below 0.30$.
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XRP reached an exceptional peak values
XRP reached already at the beginning of 2018 to a peak of about 3,65 $ before the Coin began its deep case, and again more than 90% of its value had to lose. The top prices were achieved under the impression that the Token gain acceptance and easy 5-$-prices would achieve – at least until he rises to $ 500, and Bitcoin completely destroyed. Others believe, however, that XRP is stuck and not more than $1 will also go.
The Coin is one of the worst performers in the year 2019: In July XRP reached a peak of about 0.47, which is $ and is decreasing since then. In recent months, the crypto-currency point 3 was kept below 0.30$.
Why XRP will never reach more than 1 $ is
XRP will never recover against BTC: XRP is currently about 3,000 Satoshi – after a peak of over 19,000 Satoshi. It is highly unlikely that enough people will sell BTC to buy XRP and the price moves rarely in line with the new announcements, in addition, Bitcoin attracts significantly more investors. BTC has established itself as a market leader, and Ripples trademark does not inspire trust enough.
Selling pressure: The company Ripple switches XRP constantly free and sold it in monthly instalments. It is true that the sales on the OTC markets to be held, and does not lead to a price decline. But there are just too many circulating XRP-Token – including promotional gifts to banks, companies or individuals. Then there is the trust of the Ripple itself, the stock of the co-founder Jed McCaleb, who sold almost constantly, as well as an undisclosed agreement with R3. In this kind of Oversupply of the asset is not simply just enough to drive the price up. According to the Figures, there is still 220 further monthly instalments of EUR 227.3 million XRP-Token, which must be released by Ripple and sold.
A robust sufficient use case: Ripple has a strict policy of ensuring that facts about the actual need for XRP to disclose. The RippleNet Ecosystem is constructed so that it can execute transactions without XRP, neither against payment nor as a transport vehicle. That banks use the Token in your transaction activities, therefore, it is unlikely. XRP would likely be used only by its devout fan base – and the price will be determined on the basis of speculation on a handful of exchanges.
Since Korean traders have lost their enthusiasm, and their risk of taste, recorded XRP to a lower Trading activity. ZB.com the leading stock market remains – although it is regularly reported that this special platform washes their volumes strong, so we can’t be sure. But even with a volume of over 1.66 billion dollars in 24 hours, the Token has lost much of its attractiveness, and a jump to 1 Dollar is highly unlikely.
Text evidence: Bitcoinis, CHRISTINE VASILEVA