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Cryptocurrency News Video

XRP: The Crypto That's Been Stuck For 2 Years

Apr 20, 2024 at 11:58 am Levi

XRP's price has been suppressed by institutions and regulatory challenges, but with potential clarity from the SEC, there is hope for significant gains and a competitive advantage.


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✩ CHAPTERS ✩
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00:00 XRP price has been stagnant for 2 years due to a lack of significant growth and suppression in the 30 to 50 cent range.

00:55 Ripple raised a lot of money from big names, making them a lot of money, and for four years following these raises.

01:22 XRP skyrocketed in 2017 due to mainstream adoption and retail investors, but institutions selling caused a drastic drop in price, and now they are intentionally suppressing the price to make money.

02:34 The top 10 XRP wallets hold a quarter of the total market cap, making XRP more centralized than previously thought, but there are ways to fight against this, along with regulatory challenges.

03:24 XRP faced negative price action after SEC lawsuit, but rebounded to all-time high, positive rulings against SEC boosted price, competition from other cryptocurrencies also suppressing XRP's price.

04:32 XRP's market dominance has declined from 18% to 1.3% due to growing competition, but with the SEC case almost over, there is hope for a competitive advantage.

05:52 XRP's clarity will attract new investors, reduce centralization, and reclaim the crypto for retail investors.

06:54 XRP aims to clear the SEC, potentially gaining 10x gains and surpassing their all-time high, while accumulating at low prices could greatly increase your portfolio and win up to $100,000 in rewards.
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*None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
Video source:Youtube

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