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Charting the course of XRP


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Does anyone have any idea what causes this bullrun? Because the lawsuit still has to happen and despite that it's going up,

so is this another classic case of pumpsters and dumpsters who are at work here?

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10 minutes ago, retep said:

Does anyone have any idea what causes this bullrun? Because the lawsuit still has to happen and despite that it's going up,

so is this another classic case of pumpsters and dumpsters who are at work here?

There are some kids buying in because of the wallstreetbet rumors for tomorrow

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1 minute ago, retep said:

Does anyone have any idea what causes this bullrun? Because the lawsuit still has to happen and despite that it's going up,

so is this another classic case of pumpsters and dumpsters who are at work here?

I guess we will figure that out in the next day or so

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16 minutes ago, retep said:

Does anyone have any idea what causes this bullrun? Because the lawsuit still has to happen and despite that it's going up,

so is this another classic case of pumpsters and dumpsters who are at work here?

The effects of the lawsuit that we know of today are already priced in. There could be any number of reasons why it's moving now, but don't listen to anyone telling you it is kids on telegram. Kids can't move the market. They certainly can't move 30 billion dollars worth of volume. 

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15 minutes ago, retep said:

Does anyone have any idea what causes this bullrun? Because the lawsuit still has to happen and despite that it's going up,

so is this another classic case of pumpsters and dumpsters who are at work here?

Nope. Price was clearly too suppressed it was bound to have some pumping action at some point.

As far as the lawsuit now that (most) US people are out of the game since the US exchanges halted trading, what harm was to be done is done and who wanted to dump their bags did it already, the selling pressure is minimal due to the lawsuit from now on. The rest of the world does not give a crap about SEC anyway, so there is not going to be any more major negative impact from that unless there is a very bad court decision, but this will not happen anytime soon. On the other hand if there are positive news eg a setllement price will 100% shoot up and whoever has his bags filled will be happy. Irrelevant with SEC and the lawsuit, XRP will probably have it's part in the coming altseason sooner or later. 

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31 minutes ago, Seoulite said:

The effects of the lawsuit that we know of today are already priced in. There could be any number of reasons why it's moving now, but don't listen to anyone telling you it is kids on telegram. Kids can't move the market. They certainly can't move 30 billion dollars worth of volume. 

exactly , at first I thought it could have played a role , but no they can't move billions.

But , it could dump tomorrow after a big pump

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17 minutes ago, princesultan said:

35$ billion of volume in last 24 hrs. Believe that’s a record. Wonder where it’s all coming from given no trading on exchanges in the US

Well, thought everyone knew this by now but Brad had once mentioned that 95% of xrp trading happens outside the US.

XRP is huge in asia(I'm from Singapore).

And there are exchanges in the US still trading XRP. It's only like 3 or so but they are there.

Edited by Decima
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