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#XRP One thing People don’t Understand about the XRP Pump



#XRP One thing People don't Understand about the XRP Pump

XRP is the fastest & most scalable digital asset, enabling real-time global payments anywhere in the world. Using XRP, banks can source liquidity on demand in real time without having to pre-fund nostro accounts.

Payment Providers use XRP to expand reach into new markets, lower foreign exchange costs and provide faster payment settlement.

According to a Redit user,

There is no end-game here, you will get dumped on. This is not GME or AMC, there is no high short interest or people we can screw-over by driving up the price. All this will do is for XRP’s price to dump even harder once it falls, and it will. Be careful about buying this high. The people in charge of the telegram are also involved in the pump of other alt-coins such as ADA.

That being said, XRP is a very good long term investment. But this short term pump is absolutely ridiculous and people buying into FOMO at this prices must be wary. If the purpose is to “buy and hold” then why would anyone want the price to go up higher?

*Answer: to dump it once it reaches their target*

Another user wrote,

I was originally planning to dump tomorrow and buy back in lower but I know that XRP always does the opposite of what everyone thinks. If this continued pump manages to break 1.00$ then there is no resistance to Ath. With Ether hovering around Ath and BTC still holding above 30k who knows where XRP will land in a week. I’ve seen how XRP has pumped in the past and it was much harder to acquire XRP back then.

For people in the US, it will be a bit complicated to get into XRP from USD but most trades are either in USDT, BTC or Ether which will be easy for them to trade into XRP if it keeps pumping. Traders don’t care about the SEC. The crypto market is in a bull market and last I checked XRP is still the 3rd largest crypto by market cap (I don’t include tether) if all faith in XRP and Ripple was finished XRP would have been out of the top 10 maybe even too 15. Even during the sell-off, XRP held .20 very strong. I expected free falling bellow .10.

Buying XRP now is at your own detriment, carefully watch the trend and don’t buy above your initial capital. Patience they say is a great virtue!

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Bernard Bassey is a graduate of Software Engineering from AfriHUB University, Abuja. He is an expert in field journalism, his interest in socio-politics activities is keen.

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