On Sunday, Ripple released another 1 bln XRP (that’s around $225 mln) from escrow, as reported by U.Today earlier. Now the crypto community fears another XRP price slump. Considering the fact that now the third largest coin on the market is trading at $0.22, things perhaps do not look so good to short-term investors.
However, long-terms ones are ready for the volatility roller-coaster and are only happy when any big coin’s price drops in order to buy the dip.
It’s 2020, November.— The Crypto Candy 🍭 (@TheCryptoCandy) November 29, 2019
I wish I had bought more #XRP back in November 2019.
One of those investors says that the XRP price may slide even lower than now – down to $0.08 but this does not seem to worry him much.
‘XRP is trading below $0.23 - never felt so good’
An investor @KiaCrypto writes that at right now XRP is trading below $0.23. This is great, he says, never felt so good.
This is normally said by crypto fans and investors when they are going to buy more while the coin is cheap. The person says that as per charts, the XRP price may decline even stronger – down to $0.13 (a potential double decline) or even to $0.08. The more dips XRP takes, the harder it will pump later, he says.
On Saturday, another XRP community member tweeted that the XRP price is likely to drop to $0.135. A similar forecast to what @KiaCrypto has made.
Bullish expectations on XRP
Not all are happy about a possible XRP price drop, though. Some investors believe that the fair price of the coin exceeds one USD and that the actual market price should match it soon.
Ripple-backed platform now instantly sends USD to Bitstamp
An Australian company FlashFX that has been using Ripple’s On-Demand Liquidity (formerly known as xRapid) for a while now allows users to send their USD instantly to the Bitstamp exchange.
FlashFX writes that users no longer have to wait for SWIFT to send their cash which takes several days. ODL now allows doing that almost instantly.