XRP Price May Drop to $0.08 – Never Felt So Good, Investor Says

• 

  Yuri Molchan

  Mon, 12/02/2019 - 08:18

  📰 News

  Despite the current XRP price hanging at $0.22 and the reсent 1 bln XRP release from escrow, this XRP investor says the price could drop further and is happy about it

On Sunday, Ripple released another 1 bln XRP (that’s around $225 mln) from escrow, as reported by U.Today earlier. Now the crypto community fears another XRP price slump. Considering the fact that now the third largest coin on the market is trading at $0.22, things perhaps do not look so good to short-term investors.

🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 1,000,000,000 #XRP (225,092,032 USD) unlocked from escrow at Ripple Escrow wallet

Tx: https://t.co/mnDgiG81ln

— Whale Alert (@whale_alert) December 1, 2019

However, long-terms ones are ready for the volatility roller-coaster and are only happy when any big coin’s price drops in order to buy the dip.

It’s 2020, November.

I wish I had bought more #XRP back in November 2019.

— The Crypto Candy 🍭 (@TheCryptoCandy) November 29, 2019

One of those investors says that the XRP price may slide even lower than now – down to $0.08 but this does not seem to worry him much.

‘XRP is trading below $0.23 - never felt so good’

An investor @KiaCrypto writes that at right now XRP is trading below $0.23. This is great, he says, never felt so good.

This is normally said by crypto fans and investors when they are going to buy more while the coin is cheap. The person says that as per charts, the XRP price may decline even stronger – down to $0.13 (a potential double decline) or even to $0.08. The more dips XRP takes, the harder it will pump later, he says.

#XRP is trading below $0.23 and it is great! Never felt so good. Charts indicate a dip to $0.08 - $0.13 is possible.
more it dips harder it pumps!
Cheaper Better!#xrpcommmunity

— JOKER (@KiaCrypto) December 1, 2019

On Saturday, another XRP community member tweeted that the XRP price is likely to drop to $0.135. A similar forecast to what @KiaCrypto has made.

Bullish expectations on XRP

Not all are happy about a possible XRP price drop, though. Some investors believe that the fair price of the coin exceeds one USD and that the actual market price should match it soon.

#XRP price should be $1.27 today according to CoinFairValue. Real price will catch up soon. pic.twitter.com/L4mxmRJVW9

— CryptoBull (@CryptoBull2020) November 29, 2019

Ripple-backed platform now instantly sends USD to Bitstamp

An Australian company FlashFX that has been using Ripple’s On-Demand Liquidity (formerly known as xRapid) for a while now allows users to send their USD instantly to the Bitstamp exchange.

FlashFX writes that users no longer have to wait for SWIFT to send their cash which takes several days. ODL now allows doing that almost instantly.