Cardano

Solana

Time

<p>The post <a href="https://coinpedia.org/news/is-this-the-right-time-to-buy-ripple-xrp/">Is This the Right Time To Buy Ripple (XRP)?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Singapore-based crypto trading platform, <a href="https://coinpedia.org/press-release/bitrue-unveils-thrilling-news-for-xrp-community-roe-floki-enter-a-bull-run/">Bitrue</a>, is urging the crypto community to reevaluate XRP’s current market status and consider bolstering holdings ahead of a potential surge. Known for unwavering support for XRP, Bitrue boldly asserts, “It’s never too late to buy XRP.”</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">It's never too late to buy <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"></p>— Bitrue (@BitrueOfficial) <a href="https://twitter.com/BitrueOfficial/status/1751288961685676184?ref_src=twsrc%5Etfw">January 27, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>But the situation is not that straightforward now, is it? The community demands an explanation! Here it is. </p> 
<h2 class="wp-block-heading" id="h-mixed-reactions-from-the-community">Mixed Reactions from the Community </h2> 
<p>However, Bitrue’s call has triggered diverse reactions. While some users view it optimistically, a significant number of crypto community members remain skeptical. They point out the undeniable fact that <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/">XRP’s price</a> has remained stagnant and unchanged for years, raising questions about its long-term potential despite winning legal status three years ago.</p> 
<p>On-chain investigator Mr. Huber aligns with Bitrue’s optimism.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">That's true! It's never too late to buy xrp, because you will always be able to buy it for healthy prices. <a href="https://t.co/vsYrBBw00s">pic.twitter.com/vsYrBBw00s</a></p>— Mr. Huber
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;">
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f985.png" alt="🦅" class="wp-smiley" style="height: 1em; max-height: 1em;">
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@Leerzeit) <a href="https://twitter.com/Leerzeit/status/1751320768112173498?ref_src=twsrc%5Etfw">January 27, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>In contrast, a dissenting voice warns that even after a decade, XRP might still be available at the same or even lower prices. Others went on to mock it further. </p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="qme" dir="ltr"> <a href="https://t.co/TU7KqWAw4b">pic.twitter.com/TU7KqWAw4b</a></p>— CryptoMemeGuy (@xrpmemeguy) <a href="https://twitter.com/xrpmemeguy/status/1751441565774401942?ref_src=twsrc%5Etfw">January 28, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<h2 class="wp-block-heading" id="h-xrp-continues-to-stagnate-why"><strong>XRP</strong> Continues to Stagnate – Why?</h2> 
<p>The crypto community has been buzzing since the last quarter of 2023, particularly with the explosive growth of XRP’s sixth-largest crypto status. However, XRP itself has struggled to keep pace, remaining relatively stagnant. Current analyses reveal that XRP’s market price of $0.52 mirrors its value precisely five years ago, a stark contrast to competitors like Cardano and Ethereum, which have witnessed over 1,000% growth during the same period. </p> 
<p>Notably, even Solana has surpassed XRP, claiming the coveted fifth position in the market.</p> 
<p>Read More: <a href="https://coinpedia.org/price-analysis/ripple-news-heres-when-xrp-price-might-see-10x-rally/">Ripple News : Here’s When XRP Price Might See 10x Rally</a></p> 
<h2 class="wp-block-heading" id="h-what-s-holding-xrp-back"><strong>What’s Holding XRP </strong>Back?</h2> 
<p>XRP supporters initially attributed the coin’s performance to the <a href="https://coinpedia.org/news/decoding-ripples-win-in-sec-lawsuit-xrp-advocate-points-to-critical-factor/">SEC lawsuit</a>. While the digital asset has emerged victorious in the legal battle, its price appears to be caught in a cycle of being pumped and dumped.</p> 
<p>With the resolution of the SEC settlement, XRP’s surge is anticipated, fueled by speculation about a potential <a href="https://coinpedia.org/news/ripple-ceo-halts-ipo-plans-in-u-s-blames-secs-regulatory-environment/">Ripple IPO</a> launch, growing legislative support for crypto, institutional adoption, and the expectation of a broader market rally due to Bitcoin halving. However, concerns linger regarding long-term liquidity, with the looming impact of a potential XRP IPO.</p> 
<p>Did You Know? <a href="https://coinpedia.org/news/ripple-must-launch-xrp-futures-etf-before-spot-etf-rollout-says-fox-reporter/">Top Hints That Suggest Ripple Could Be Launching an XRP ETF Soon</a></p> 
<p><strong>All in all… </strong></p> 
<p>In conclusion, Bitrue’s cryptic comments have left us wondering if XRP will stay the same, leaving investors with a missed chance, or if there could be a surprise in store like many predicted, a bullish phase coming with the IPO launch. The XRP community seems divided. </p> 
<p><strong>What do you think – a steady ride or a sudden jump for XRP? The mystery continues!</strong></p>

Is This the Right Time To Buy Ripple (XRP)?

Table of Contents

CoinPedia News

Other articles published on Jan 29, 2024

AI in Blockchain Technology: An In-depth Guide on Ocean Protocol

Bitget lists De.Fi (DEFI) in Innovation Zone and Web3 Zone

Bitcoin Price Prediction: Bitcoin ETF Ads Might Appear On Google Starting Monday As This BTC Deri...

South Korean Crypto Exchanges Blocked $82m Worth of Romance Scam Transactions in 2023

Crypto Adoption is Surging in European Market, Says a Research

Bitcoin Sidechain Mintlayer Launches Genesis Block

Join our free newsletter for daily crypto updates!