Re: XRP lawsuit is finally over - how high can it go this year?
Well what do you think has changed about XRP compared to for example 10 years ago?
It is still the same centralized altcoin that offers no real utilities and has a huge 58 billion circulating supply that always run the risk of being printed more by Ripple guys where they snap their finger and billions more appear.
XRP had its actual pump days back in 2017 when it managed to pump it as high as 22k satoshis. It has been dumping consistently ever since currently sitting at -86% lower at 3k satoshis.
Because of that it is impossible to predict how high this pump is going to take this shitcoin. So far they haven't been able to attract enough volume to their pump to get over the resistance they'll face. Keep in mind that the unique challenge that these old and big shitcoins face is that they have a lot of bag-holders who have been waiting for a very long time to dump their stashes that has been dumping so far in order to get out of a bad situation they have been stuck in for a very long time.
That slows down all pumps.
So what you posted here is a positive news that is used as the "fuel" for their pump. But still if they can attract volume and if they spend millions more out of their own pocket to pump their shitcoin, it can continue going up for a little longer. So we have to wait and see where it goes from here.
It is also worth knowing the current price itself is a post pump price that started back on November 13 from 800 sat and it got pumped to 2800 in about 2 weeks and got stuck around that price so far not being able to go real higher...
Just my 2 cents...
It is still the same centralized altcoin that offers no real utilities and has a huge 58 billion circulating supply that always run the risk of being printed more by Ripple guys where they snap their finger and billions more appear.
XRP had its actual pump days back in 2017 when it managed to pump it as high as 22k satoshis. It has been dumping consistently ever since currently sitting at -86% lower at 3k satoshis.
Because of that it is impossible to predict how high this pump is going to take this shitcoin. So far they haven't been able to attract enough volume to their pump to get over the resistance they'll face. Keep in mind that the unique challenge that these old and big shitcoins face is that they have a lot of bag-holders who have been waiting for a very long time to dump their stashes that has been dumping so far in order to get out of a bad situation they have been stuck in for a very long time.
That slows down all pumps.
So what you posted here is a positive news that is used as the "fuel" for their pump. But still if they can attract volume and if they spend millions more out of their own pocket to pump their shitcoin, it can continue going up for a little longer. So we have to wait and see where it goes from here.
It is also worth knowing the current price itself is a post pump price that started back on November 13 from 800 sat and it got pumped to 2800 in about 2 weeks and got stuck around that price so far not being able to go real higher...
Just my 2 cents...
Sounds like you have a lot of hate for XRP
. The fact is it will now see much better return than Bitcoin this year - doesnt matter if it is a 'shitcoin' or Bitcoin - we are here to make money and XRP will do that now the law suit is finally over.