Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/xrp-coins-persistent-challenges-and-investor-discontent/" data-wpel-link="internal">XRP Coin’s Persistent Challenges and Investor Discontent</a><br></p>
<p style="text-align: justify">Despite its longstanding position among the largest altcoins by market value, investors are still dissatisfied. Despite bull markets, XRP Coin’s problem is the continuously increasing circulating supply and the years-long struggle with the SEC. Both the SEC and <a href="https://en.coin-turk.com/the-latest-on-xrp-doge-eth-and-shib/" data-wpel-link="internal">Ripple</a> have shouldered the enormous burden of this case, and neither likely expected such a long, arduous fight.</p> 
<h2 style="text-align: justify" id="long-term-commentary-on-ripple-xrp">Long-Term Commentary on Ripple (XRP)</h2> 
<p style="text-align: justify">Of the 100 billion maximum supply of XRP Coin, 54 billion is in circulation. This circulating supply has gradually increased over the years, and on days when the price exceeded 3 dollars (years ago), it did not have such a circulating supply. Despite a market value of 28 billion dollars, the massive circulating supply is the reason for investor discontent.</p> 
<p style="text-align: justify">Moreover, they will continue to be unhappy because when the entire supply is in circulation, the market value will need to exceed 300 billion dollars to return to 3 dollars. Considering that the cumulative value of cryptocurrencies is currently struggling to hold at 1.6 trillion dollars, this is not an easy target today or in the future.</p> 
<p style="text-align: justify">For instance, on June 1, 2018, the market value peaked at 117 billion dollars. During the 2021 bull market, it saw 70 billion dollars. So, if we say 70/28 and ratio it, the current price would need to increase by 2.5 times. This means that even if the price reaches the 2021 bull market peak (market value) with the current circulating supply, it would only see 1.27 dollars. Even if it reaches an all-time high with a market value of 140-150 billion dollars, surpassing 2.6 dollars would be difficult. Moreover, if we consider that the 54 billion circulating supply will continue to increase, these are still optimistic figures.</p> 
<h2 style="text-align: justify" id="xrp-coin-s-4-problems">XRP Coin’s 4 Problems</h2> 
<p style="text-align: justify">Having completed the four operations with three, let’s quickly look at the four problems. The first problem is the Bear Flag setup and a decisive break below the flag’s lower trend line, which could push XRP’s price down to 0.24 dollars by May or June.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-309273 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/XRP-Coin-AYI-Bayragi.png" alt="" width="1527" height="742"></p> 
<p style="text-align: justify">According to Whale Alert data, XRP Coin whales are accelerating their sales. The third negative reason is the death cross forming on the chart. A death cross that formed on the XRP daily chart in December 2021 caused the price to drop by 65 percent.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-309274 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/XRP-Coin-Olum-Haci.png" alt="" width="1521" height="742"></p> 
<p style="text-align: justify">The last problem is the reality that investors are now coming to terms with the fact that there is no such thing as a spot XRP ETF.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/xrp-coins-persistent-challenges-and-investor-discontent/" data-wpel-link="internal">XRP Coin’s Persistent Challenges and Investor Discontent</a></h5>

XRP Coin’s Persistent Challenges and Investor Discontent

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