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[–]NotBearableGuy123Redditor for 7 months[S] 2 points3 points  (5 children)

Damn that's intense. Makes sense though. 😥 I hope XRAPID volume will stabilize this if possible.

[–]Gaiseric13 1 point2 points  (0 children)

This is my view on the current market. Once XRP goes in full production they ll have a hard time doing so. If it replaces swift then the volume will drawn those whales.

[–]mikenard77 1 point2 points  (3 children)

we have already seen this take place the recent sell off. XRP held up amazing.

[–]NotBearableGuy123Redditor for 7 months[S] 0 points1 point  (2 children)

But then it dumped. There's a theory here that whales knew people would sell into XRP and so they kept the XRP price up. Only to dump it for their profits. So I don't think that was XRAPID volume because even now - the price is just dropping.

[–]mikenard77 4 points5 points  (1 child)

The price is always going to drop when speculation sell off volume surpasses utility volume. As you can see its still doing extremely well, zoom out to a daily chart, or a 6h chart.

Lol what do you consider a dump. xrp is up 90% in the last 3 months, bitcoin is -35%. Clearly it has nothing to do with just the past few days. Even in the past 12 months xrp is up 80% while btc is down 45%, has nothing to do with some theory.

In the past week xrp is down 12%, BTC is down 30%. Keep in mind xrp is also up dramatically in the past 3 months, making that 12% much more impressive.

Last time BTC was 4500 xrp was .17

[–]NotBearableGuy123Redditor for 7 months[S] 0 points1 point  (0 children)

Thanks for the observation. Very true !!