$XRP I said last time that Ripple was going to fall, and some people called me a coin beginner. That's right. I'm a beginner. I've been investing in the stock market for a long time. Based on that, I'll tell you what I think.
1. It went up too suddenly. I think the supply is being absorbed now, but the price is being traded at a very high level. It went up from $0.5 and is currently around $2.4. It went down in the middle, but the price was around $2. Even if it went down, it quickly hit the bottom and went up again. I think that the fundamentals are weakened because the supply is not absorbed properly. Think about it. Do you think that someone who bought at $1.50 and someone who bought at $2.20 will react the same way when the price drops?
2. Whales still don't have enough supply. Look at the current supply. They are almost repeating selling and buying again. If you really have a lot of money, you can adjust the price to some extent. If 100M were to come up for sale at once, wouldn't it crash? If I were you, I would drop it even more. Currently, they are unknowingly passing on the quantity to individuals. And then it crashes. Then individuals are scared. Maybe if it goes down to around $1.2, everyone will run away? And if they buy more, they can make more money.
3. There is still no reason for $5 or $10. Do you know how dangerous it is for the price to rise without a reason? The price rise requires market recognition. The last time it reached $2.9, the market went crazy. That's why it has been moving sideways for almost 10 days now. There is no reason to digest the quantity and no reason. It will probably maintain this price and then suddenly go crazy and liquidate everything. Then they will buy everything again. If there are many announcements next year, there will be a reason and the market will recognize it. Then $3 or $5 won't be strange. I understand that everyone wants to get rich with Ripple. But friends, the rich are not philanthropists. They are playing the same game, but they are just playing from an advantageous position. Be a little smarter.
1. It went up too suddenly. I think the supply is being absorbed now, but the price is being traded at a very high level. It went up from $0.5 and is currently around $2.4. It went down in the middle, but the price was around $2. Even if it went down, it quickly hit the bottom and went up again. I think that the fundamentals are weakened because the supply is not absorbed properly. Think about it. Do you think that someone who bought at $1.50 and someone who bought at $2.20 will react the same way when the price drops?
2. Whales still don't have enough supply. Look at the current supply. They are almost repeating selling and buying again. If you really have a lot of money, you can adjust the price to some extent. If 100M were to come up for sale at once, wouldn't it crash? If I were you, I would drop it even more. Currently, they are unknowingly passing on the quantity to individuals. And then it crashes. Then individuals are scared. Maybe if it goes down to around $1.2, everyone will run away? And if they buy more, they can make more money.
3. There is still no reason for $5 or $10. Do you know how dangerous it is for the price to rise without a reason? The price rise requires market recognition. The last time it reached $2.9, the market went crazy. That's why it has been moving sideways for almost 10 days now. There is no reason to digest the quantity and no reason. It will probably maintain this price and then suddenly go crazy and liquidate everything. Then they will buy everything again. If there are many announcements next year, there will be a reason and the market will recognize it. Then $3 or $5 won't be strange. I understand that everyone wants to get rich with Ripple. But friends, the rich are not philanthropists. They are playing the same game, but they are just playing from an advantageous position. Be a little smarter.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
XRP
2.1902
+2.45%
Replies 0