XRP fails to pump
Well i am sure some of you have seen the pumping event. As i mentioned in my post yesterday there was a try to pump XRP to the moon. Well long story short it did not really succeed. I followed a live stream from yesterday and in the chat there have some very bad rumors. As example
- - The exchanges are blocking us
- - The orders are not going through
- -hold the line...
- in 5 min we will be pumping
- etc...
But in the end we have to see the facts. And the facts are. XRP was yesterday according to the Market Cap number 3. And of course this is a great success. Many of the HODLERs sold some of their XRP and the price crashed down in the afternoon. This is always the same game. Here is the situation in the afternoon. And please see we have a plus of 44% in the last 7 days. Refering to the chart on Coingecko from 02.02.2021
Here is the XRP Price and Market Cap stat from 02.02.2021
My conclusion:
Best chances for XRP to rise again is when they have found a solution with the SEC; Ripple responded to the SEC
https://www.nasdaq.com/articles/ripple-responds-to-sec-lawsuit-over-xrp-sales-2021-01-29
The functionality and liquidity of XRP are wholly incompatible with securities regulation. To require XRP’s registration as a security is to impair its main utility,” the response said
And as an addition:
In a 93-page filing, Ripple responded to each of the SEC’s paragraphs. In its affirmative defenses, Ripple stated that XRP is not a security or investment contract, and the firm’s sales or distributions of XRP are likewise not investment contracts
If they find a solution the chance are very high, that XRP rises again.
ps: I want to mention that this block post is only my personal meaning and it is not an financial advise. Please take care of your investments, there are many scammers out there.
