is ripple xrp still a good investment after such a price jump what could happen to the price of xrp want to know more about the price conspiracy and what caused the flash crash these questions will be answered in today's video also we will discuss latest updates coming from sec versus ripple lawsuit so stick to the video till the end because today's video is full of major updates but first we are giving away 200 at the end of the month to one random subscriber to start their xrp journey all you need to do is like the video subscribe and comment on your thoughts on xrp in the comments section so without further ado let's get jump into this for a while now xrp has been in the headlines since then it has been demonstrated that it can transfer or pay more quickly than bitcoin xrp is capable of settling a payment within four seconds and handling 1500 transactions every second most companies use it to settle transactions across borders with the fundamental aim of facilitating both fiat and cryptocurrencies all this hype could be the cause for which the sec has been in battle since then however one may see the current situation as a manipulated move it is too crazy for something like this to happen xrp went all the way from one dollar and forty cents down to ninety two point six cents and what is even crazier is that nobody is sure as to what caused such a sudden dip in the price the price measure suggests that certain traders have inadvertently pushed xrp up in advance of a price pump some new recent investors may be on the wrong side of the market now the exact cause of the price dump is not confirmed at the present moment it is also possible that the rise in the price of the coin in the past few weeks was exploited and dumped by a group of large investors or perhaps a crypto whale crypto markets especially for xrp are not completely new for pump and dumping strategies according to investopedia a whale refers to individuals or entities that hold large amounts of cryptocurrencies there are around 1 000 individuals who own 40 percent of the market whales can manipulate currency valuations given xrp's fluctuations in recent weeks they are increasingly under the spotlight and capable of drastically changing the market well this kind of reminds us of what happened with xrp on february 1st we had witnessed a similar crash in xrp back then a timed plan to buy for retail investors usually does the exact opposite and prices plummet the fact they are doing it at this price retrace as well as suspicious as if it is some institution wrecked plan for the retail buyers xrp was affected severely because within 24 hours the price of xrp has dropped 34 that is from 1.41 to literally near 92 cents or so many investors wouldn't mind this incident because it is almost the same price at which the xrp coin was hovering around the last week of august but considering that this unexpected crash took place in one day is what surprised many keen investors as it is not something that takes place in normal conditions investors who were looking forward to a dip this is a great chance for them and by the time you were watching this video they would have made huge profits as the prices have already started getting back on track it's crazy how much money one could have made in such a short amount of time we can say that large institutions do not purchase any more xrp and sell out xrps the elites are forcing the xrp and other cryptocurrencies to lower their price to allow small investors to sell and buy and retain the stock because they know that the price will certainly rise ripple's most important and obvious feature is its fast and secure payment gateway which allows users worldwide to send money without the intervention of the government or any other financial institution making it purely customer oriented now having a look at the sec versus ripple litigation has been ongoing since december of last year with both the appellants attempting to persuade the court of their respective points of view every subsequent judgment has had a significant influence on the parties involved in the case's outcome until recently the court was dealing with a slew of motions despite ripple's objections the court finally agreed to allow the regulatory agency more time for submitting new discoveries the lawsuit has definitely been extended further due to this judgment and the discovery phase might probably end by october once xrp wins the lawsuit it will come back even stronger and the prices will skyrocket through the roof ripple has been through many problems but their consistency to not give up and fight through the storm has won people's hearts people worldwide are showing their support by not selling their xrp coins because they believe ripple will survive this too ripple represents a positive investment opportunity despite its sec concerns they believe that 2021 is the ideal year of xrp investment with unbelievably low prices in a surprisingly high 10 dollars by the end of 2021.

This will increase significantly and could prove to be beneficial to many investors therefore considering the huge dip that took place now it is the best time to make your purchase in xrp if you haven't done it yet the ripple provides you with money to generate sustainable returns for a limited period of time there was one common point mentioned in the reports data statistics and specialists with the price rise of ripple in no time it will rise to the top worldwide cryptocurrencies ripple xrp is one of the most significant cryptocurrencies in the world it is not marketing itself for its decentralization unlike bitcoin ethereum and other phenomenal coins ripple works on the fast reliable instant and economic cross-border real-time payments and other money transmission activities through xrp xrp is a custom designed digital asset to facilitate cross-border payments the crypto is closely aligned with several banks investment companies and companies throughout the world ripple is a good investment opportunity and will be worth it despite its sec issues they believe that 2021 is the best year to invest in xrp because the prices are extremely low and by the end of 2021 it can reach an astounding ten dollars that is going to be a significant rise and could prove to be profitable to a lot of investors hence those of you looking to make sustainable profits over a short period of time ripple is where you put your money into report data statistics and experts all have been pointing towards one common thing with the ripple prices skyrocketing in no time it is going to raise itself to the top cryptocurrencies globally according to the long-term ripple price prediction xrp has been identified as a bright game for optimism registering unambiguous gains with values in the four dollars to eight dollars range the most practical strategy is to anticipate a price level in the middle of these ranges xrp's future as an inexpensive and convenient digital asset could be triggered by widespread use in the long run the price might reach a minimum of six dollars as of september 9th the value of xrp is one dollar and 10 cents with a 24 hour trading volume of seven billion thirty one million three hundred two thousand six hundred twenty dollars the current coin market cap ranking is number seven with a live market cap of fifty one billion fifteen million twenty four thousand five hundred thirty dollars the crypto market is following the lawsuit many dilemmas are being caused in the mindset of investors so this seems to be a good time for investment ripple has successfully rallied and positioned itself in the world's top seven cryptocurrencies with its recent triumph over the sec case in the exchange of currencies xrp is the preferred choice for traders ripple also only offers restricted delivery of 100 billion xrp coins among which 46.5 billion xrp are in circulation in the future the scarcity of xrp will boost strong demand ripple's xrp token went up by 60 in just a week and exceeded one dollar and thirty cents earlier in the third week of august this is its highest price level since the middle of may xrp was barred from many crypto exchange platforms due to the lawsuit filed by the sec including from binance once the lawsuit is done with xrp is going to be relisted in all the major coin exchanges it was removed from this is going to further positively impact the rise of xrp as the number one crypto out there with that we have come to the end of this video let us know in the comments section if you invest in xrp also are you planning on buying this dip or waiting for a bigger dip with that we have come to the end of this video if you want to continue knowing about xrp we have two videos waiting for you on the end screen to check out make sure to subscribe and give us a thumbs up and on a final note be aware that the prices of cryptocurrencies frequently change so by the time you watch this video it might have changed to a whole new value the information provided in this video does not constitute investment advice financial advice trading advice or any other sort of advice and you should not treat any of the content as such the content in this video is for educational purposes only and hence should not be considered financial advice do conduct your own due diligence and consult your financial advisor before making any investment decisions [Music] you

You May Also Like