{"id":550052,"date":"2023-09-05T11:00:20","date_gmt":"2023-09-05T11:00:20","guid":{"rendered":"https:\/\/ktsl888.com\/?p=550052"},"modified":"2024-06-11T07:44:50","modified_gmt":"2024-06-11T07:44:50","slug":"ripple-control-xrp-price","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ripple\/ripple-control-xrp-price\/","title":{"rendered":"Can Ripple Control The XRP Price? Crypto Analysts Weigh In"},"content":{"rendered":"

The <\/span>XRP token<\/span><\/a> has attracted much attention, especially because of <\/span>Ripple\u2019s ongoing legal battle<\/span><\/a> with the <\/span>US Securities and Exchange Commission<\/span><\/a> (SEC). This has led to speculations on whether Ripple is able to control the XRP price or not. So crypto analysts have chimed in to share their opinions.<\/span><\/p>\n

No Ripple Effect On XRP?<\/h2>\n

Pro-XRP influencer Crypto Eri stated in a <\/span>tweet<\/span><\/a> that she doesn\u2019t rely on the \u201cefforts of Ripple\u201d to increase XRP\u2019s value. She suggested that the crypto company hasn\u2019t done much to grow the token as it accounts for a \u201csingle digit impact on volume.\u201d\u00a0<\/span><\/p>\n

Related Reading: Pro-XRP Legal Expert Takes The Spotlight With Daring Ripple Vs SEC Settlement Theory<\/a><\/div>\n
\n

Unlike DAI, I don\u2019t rely on the efforts of Ripple to build up the price of XRP. Never have, never will. Especially with accounting for single digit impact on volume. It\u2019s surprising after surviving the SEC attack, anyone would subscribe to this reliance. https:\/\/t.co\/XG2bA6qsva<\/a><\/p>\n

\u2014 \ud83c\udf38Crypto Eri \ud83e\ude9dCarpe Diem (@sentosumosaba) September 4, 2023<\/a><\/p><\/blockquote>\n

There is a common belief that token issuers should be able to control and drive up the price of their tokens, whether through their marketing efforts, a deflationary mechanism, or simply increasing the use cases of their tokens to send a bullish signal to the crypto community.<\/span><\/p>\n

In Ripple\u2019s case, Eri believes holders shouldn\u2019t rely on the company, especially after \u201csurviving\u201d the SEC attack. While her stance is unclear, many may argue that Ripple\u2019s effort in its case against the SEC shows its commitment to building the ecosystem and promoting mass adoption of its token.<\/span><\/p>\n

Eri\u2019s tweet came in reply to another pro-XRP influencer, Digital Asset Investor, who <\/span>tweeted<\/span><\/a> about why he was bullish on XRP. In contrast to Eri\u2019s view, this influencer believes that Ripple\u2019s efforts will greatly affect XRP\u2019s value as Ripple promises to disrupt the global financial system, so he is bullish on the token.<\/span><\/p>\n

 <\/p>\n

\n

Some would think these were things said by influencers to hype XRP. They were actually said by Ripple. This is why I’m here. I believe them.\ud83c\udfc6\ud83c\udfc6\ud83c\udfc6In It To Win It!\ud83c\udfc6\ud83c\udfc6\ud83c\udfc6
\n-XRP Could Help In A Systemic Risk Situation In another financial crisis
\n-XRP will be like a supranational\u2026<\/p>\n

\u2014 Digital Asset Investor.XRP (@digitalassetbuy) September 2, 2023<\/a><\/p><\/blockquote>\n

Has Ripple Had Any Effect On XRP?<\/h2>\n

It is worth mentioning that the XRP price experienced significant gains on the back of <\/span>Judge Analisa Torres\u2019 ruling<\/span><\/a> in favor of Ripple. The token surged over 23% within hours of the decision and rose to as high as $0.9 due to the ruling.\u00a0<\/span><\/p>\n

Furthermore, XRP became the fourth-largest token by market cap following the decision (although it has dropped to 5th since then). However, there is no denying the potential for Ripple to go head-to-head with the foremost cryptocurrencies such as Bitcoin and Ethereum.<\/span><\/p>\n

Related Reading: New Job Listing Indicates What Ripple Is Focusing On Next<\/a><\/div>\n

Interestingly, there was a significant increase in <\/span>daily transactions conducted on the XRP ledger<\/span><\/a>, with more transactions conducted on the blockchain at the beginning of last month than leading blockchains Ethereum and Bitcoin.\u00a0<\/span><\/p>\n

Ripple has also not rested on its efforts to develop the XRP ecosystem despite the SEC\u2019s lawsuit against it. The crypto company is <\/span>looking to expand into the tokenized assets industry<\/span><\/a> by enabling trading of these asset classes on the XRP Ledger.\u00a0<\/span><\/p>\n

There are also plans to release an <\/span>upgrade for the XRP Ledger<\/span><\/a>, with a notable amendment being the introduction of a novel automated market maker (AMM). This update could see XRPL become a major player in the DeFi space and increase XRP\u2019s utility, which could trigger an increase in its value.\u00a0<\/span><\/p>\n

\"Ripple<\/p>\n

Token price stalls at $0.50 | Source: XRPUSD on Tradingview.com<\/a><\/pre>\n
Featured image from CoinMarketCap, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
The XRP token has attracted much attention, especially because of Ripple\u2019s ongoing legal battle with the US Securities and Exchange Commission (SEC). This has led to speculations on whether Ripple is able to control the XRP price or not. So crypto analysts have chimed in to share their opinions. No Ripple Effect On XRP? Pro-XRP influencer Crypto Eri stated in a tweet that she doesn\u2019t rely on the \u201cefforts of Ripple\u201d to increase XRP\u2019s value. She suggested that the crypto company hasn\u2019t done much to grow the token as it accounts for a \u201csingle digit impact on volume.\u201d\u00a0 Related Reading: Pro-XRP Legal Expert Takes The Spotlight With Daring Ripple Vs SEC Settlement Theory Unlike DAI, I don\u2019t rely on the efforts of Ripple to build up the price of XRP. Never have, never will. Especially with accounting for single digit impact on volume. It\u2019s surprising after surviving the SEC attack, anyone would subscribe to this reliance. https:\/\/t.co\/XG2bA6qsva \u2014 \ud83c\udf38Crypto Eri \ud83e\ude9dCarpe Diem (@sentosumosaba) September 4, 2023 There is a common belief that token issuers should be able to control and drive up the price of their tokens, whether through their marketing efforts, a deflationary mechanism, or simply increasing the use cases of their tokens to send a bullish signal to the crypto community. In Ripple\u2019s case, Eri believes holders shouldn\u2019t rely on the company, especially after \u201csurviving\u201d the SEC attack. While her stance is unclear, many may argue that Ripple\u2019s effort in its case against the SEC shows its commitment to building the ecosystem and promoting mass adoption of its token. Eri\u2019s tweet came in reply to another pro-XRP influencer, Digital Asset Investor, who tweeted about why he was bullish on XRP. In contrast to Eri\u2019s view, this influencer believes that Ripple\u2019s efforts will greatly affect XRP\u2019s value as Ripple promises to disrupt the global financial system, so he is bullish on the token.   Some would think these were things said by influencers to hype XRP. They were actually said by Ripple. This is why I’m here. I believe them.\ud83c\udfc6\ud83c\udfc6\ud83c\udfc6In It To Win It!\ud83c\udfc6\ud83c\udfc6\ud83c\udfc6 -XRP Could Help In A Systemic Risk Situation In another financial crisis -XRP will be like a supranational\u2026 \u2014 Digital Asset Investor.XRP (@digitalassetbuy) September 2, 2023 Has Ripple Had Any Effect On XRP? It is worth mentioning that the XRP price experienced significant gains on the back of Judge Analisa Torres\u2019 ruling in favor of Ripple. The token surged over 23% within hours of the decision and rose to as high as $0.9 due to the ruling.\u00a0 Furthermore, XRP became the fourth-largest token by market cap following the decision (although it has dropped to 5th since then). However, there is no denying the potential for Ripple to go head-to-head with the foremost cryptocurrencies such as Bitcoin and Ethereum. Related Reading: New Job Listing Indicates What Ripple Is Focusing On Next Interestingly, there was a significant increase in daily transactions conducted on the XRP ledger, with more transactions conducted on the blockchain at the beginning of last month than leading blockchains Ethereum and Bitcoin.\u00a0 Ripple has also not rested on its efforts to develop the XRP ecosystem despite the SEC\u2019s lawsuit against it. The crypto company is looking to expand into the tokenized assets industry by enabling trading of these asset classes on the XRP Ledger.\u00a0 There are also plans to release an upgrade for the XRP Ledger, with a notable amendment being the introduction of a novel automated market maker (AMM). This update could see XRPL become a major player in the DeFi space and increase XRP\u2019s utility, which could trigger an increase in its value.\u00a0 Token price stalls at $0.50 | Source: XRPUSD on Tradingview.com Featured image from CoinMarketCap, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":550075,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[3680,17209,4531,83637,13172,10972,78763],"class_list":["post-550052","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-ripple","tag-ripple-news","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nCan Ripple Control The XRP Price? 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. 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