Ripple update: The reason the market is down.
So I wanted to clear up alot of Fear we have going on right now. Especially since we are getting close to early December lows.
It’s not Ripple or Xrp that is down, its everything.
The reason most things are down is due to the news that The Official Bitcoin ETF was delayed til September.
I’m not gonna act like I know the specific importance of this, but I can guess many high tier BTC maximulists want to let there money sit in BTC for a whole month when they can spend elsewhere.
Secondly, the reason Xrp is down abit more significantly is apparently due also in part of the BearWhale. This individual has been talked about earlier on when Bearableguy was still a thing.
But basically we assume it was an early investor of XRP who had about 1Billion xrp or so and has slowly been dumping incrementally or strategically.
Last known dump was like a few months back, and I dont think we have a set explanation for why someone would dump so much,when they could make so much😞
Lastly, it’s not new news that our Market in crypto is full with weak investors.
A bear market becomes even more eradic and bearish with people rushing to move money out or around to cover their “losses” not understanding the value of holding their wealth.
To them, I say it’s their loss.
Now I do have hope. Many of us keep getting our Hopes up. I for one expected May or June to big. Nothing happened.
Then July for SBI, and still nothing yet.
Though unlike some, I also understand the value of things goi ng on in the background.
Bitcoin ETF coming soon.
Coinbase ETC launch new investors (2 weeks)
Coinbase getting assets for Insts. (Xrp)
SBI VC (whenever it happens)
An SEC decision (biggest domino)
So much more.
We have until now and Dec 31.
Tbh, that’s my cutoff.
If we dont have something good by then in price, I’ll say I’ve lost some hope– thats just me. But still, I have the most hope that that list (above) will bump this market into realms we haven’t seen.
So keep it steady, and let’s just make it thru each month as a community. The best community in crypto.
About Ripple (XRP)
Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
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