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There’s no end in sight to XRP’s downtrend as transaction volume wanes


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https://cryptoslate.com/theres-no-end-in-sight-to-xrps-downtrend-as-transaction-volume-wanes/

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...This weakness has caused the token to post significant losses against Bitcoin and many of its other peers, and there have been no technical nor fundamental catalysts to help shift this trend.

In addition to there being no notable additions to Ripple’s xRapid (since re-named to On-Demand Liquidity) cross-border payment solution, XRP’s transaction volume has been stagnant, even starting a slight descent.

Analysts foresee further downside for XRP as it shows no signs of strength...

All those publications are demonstrating one thing: the consensus of crypto-media about XRP is pretty clear. And maybe it is high time for the bagholders to ask:

1. Does Ripple policy and huge selling pressure has something to do with XRP downtrend?

2. If so, what Ripple can do to change the situation?

Edited by MrX
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All those publications demonstrate one thing. Do the opposite of what all those publications are writing. It's like CNBC who is silent during a bullrun and start advising you how to buy XRP at the ver

Don't trust everything you read.  They just give opinions from "experts".  Humans are not infallible.   The founders of cryptoslate are  Nate Whitehill and Matthew Blancarte. If you look at

Idk if it's a fluke, but something's up this morning as the volume as seen on fiat leak has risen significantly, along with the price. A quick check of the crypto market reveals that while bitcoin is

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5 hours ago, MrX said:

https://cryptoslate.com/theres-no-end-in-sight-to-xrps-downtrend-as-transaction-volume-wanes/

All those publications are demonstrating one thing: the consensus of crypto-media about XRP is pretty clear. And maybe it is high time for the bagholders to ask:

1. Does Ripple policy and huge selling pressure has something to do with XRP downtrend?

2. If so, what Ripple can do to change the situation?

Don't trust everything you read.  They just give opinions from "experts".  Humans are not infallible.  

The founders of cryptoslate are  Nate Whitehill and Matthew Blancarte.

If you look at their respective histories, they are serial entrepreneurs, but they bounce from one idea to another.

Look at their developments: Highlighter.com (a self-publishing platform for higher education), then they moved on to e-commerce store dealing with health supplements called Legion Athletics Inc., then at the height of the crypto boom in the fall of 2017, they established Cryptoslate.com.  So there is pattern of moving from one industry to another to capitalize on its popularity, IMO.   I wonder what they are going to do next?  Keep an eye open for the next big trend, chances are you'll find them there. 

Edited by enrique11
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5 hours ago, LetHerRip said:

1. Yes

2. Ripple said they had stopped OTC selling (although wallets have since been active again), however other huge holders like Jed and Chris continue to sell and will continue to sell for many years.

 

Plus token scam is in dumping too

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5 hours ago, Caracappa said:

All those publications demonstrate one thing. Do the opposite of what all those publications are writing. It's like CNBC who is silent during a bullrun and start advising you how to buy XRP at the very top of a parabolic when whales started offloading.

Idk if it's a fluke, but something's up this morning as the volume as seen on fiat leak has risen significantly, along with the price. A quick check of the crypto market reveals that while bitcoin is only up 2.5%, xrp is showing a 6.0% rise. After Ripple's pivot away from handling treasuries with ODL, there was a very significant drop in minute by minute volumes on fiat leak: typically much less than 100K/min. Currently, it's hovering just under or above 1million/min, which is a significant uptick. It's premature to say that this is a sustainable change, however, it might be an indication of either new corridors coming online, or of existing corridors ramping up remittances. My thoughts upon hearing Ripple's assessment that they'll have global coverage by this time next year, was that it might take that much more time to see significant price appreciation, but now I wonder if it won't ramp up before then. Obviously, I'm of the camp that believes that Ripple is making incredible progress, and that the current price will be meaningless over the long haul. As always, we'll see..... 

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