Hot Topics
COIN GECKO

Advertisement

Advertisement

Second coming: could XRP rise again?

 
Second coming: could XRP rise again?
Breaking News / Ripple / XRPUSD
  • The lack of price traction for XRP has got people talking over the past few years. 
  • The token has been seemingly on its last legs for the past three years and a struggle to keep the Bears is out of its way. 
  • According to Kevin Cage, there is something that seems to be happening that could see the price of the token go up.

The lack of price traction for the XRP token has got people talking over the past few years. There are many people who invested into the cryptocurrency following it’s bull run in 2017 and since then they have been on the edge of the seat waiting for its price to search so they can see profits. However, this hasn’t been the case. The San Francisco based token has been seemingly on its last legs for the past three years and a struggle to keep the Bears is out of its way. According to Kevin Cage, there is something that seems to be happening in the industry that could see the price of the token go up.

According to Kevin, there are more than 8 billion tokens of XRP left in the open market and available for purchase.

One user on Twitter gave their opinion that the market is finally out of enough XRP for sale. This was in direct response to Kevins Twitter post which can be seen below.

As can be seen above, the user highlighted that the big buyers will eventually be forced to purchase from the people as opposed to buying directly from the blockchain company at low prices. If this was to become reality, the demand will rise and the price should eventually, in theory, catch up.

But would it be enough?

Even if this was all to happen and the community for XRP was given a second breath of life, would it make a difference to the token itself?

According to the Twitter user, the price for the token will start moving up by margins when the big buyers start scoring on public platforms. However in the end, only time will tell.

It will be interesting to see how this situation plays out. For more news on this, the XRP price and other crypto updates, keep it with CryptoDaily!

You can share this post!

Advertisement