#xrp #BearishAlert $BTC $XRP THE NEVER-ENDING CYCLE OF XRP!!!
Where is XRP heading and why, despite all the good news, is this token not moving?
Well, let's go straight to what is taboo for most: prices will always be governed by the law of supply versus demand. What does this mean? A greater supply and constant demand will cause prices to stagnate or remain, in the best possible case or scenario, and the fact is that there are 100 trillion tokens issued!!! With almost more than 58 trillion in circulation and Ripple putting considerable amounts into the market monthly, it will be really difficult for the price to go up, especially considering the bearish market we have entered!!!!
But what is the natural cycle of XRP? Moving from being between 30 to 60 cents to rising to the two-dollar range or, in the best case, 3 dollars; this cycle has repeated itself more than 4 times!!! And this will not be the exception. We went from 3 dollars down to 2, touching 1.90, and the next drop we will touch 1.70, thus progressively from here until the end of the year to go below 1 dollar again. All this is explained in how the token, as it always reaches its upper limit of 3 dollars and starts to fall, begins to lose interest; the buying pressure is less than the selling pressure. Let's remember the price of XRP before the SEC lawsuit was just above 1 dollar!!!!
The famous YouTubers have attracted the unsuspecting with cheap speeches and absurd prices (1,000, 10,000, or even 100,000🤣🤣). Gentlemen, XRP has been in the market for more than 13 years; what makes you think that if in 13 years it hasn't been able to be worth more than 3 dollars, anything will change this time?
But what about adoption? What about demand running out, announcing ETFs, announcing partnerships? All this has already happened, and it barely reached 2.50 and couldn't hold.
BTC IS THE KING, IT IS GOLD, THE OTHERS ARE JUST DISTRACTION, I WILL ONLY SAY THIS: 21 MILLION TOKENS VS 100 TRILLION TOKENS, AND YES, MARKET CAP DOES MATTER!!!!