Besides XRP being premined and having 60% owned by the Company, Ripple; and having a massive 100 BILLION circulation; and banks not needing to use XRP to transfer funds (banks use Ripple's software to transfer funds).
Even with the lock-up, the Company, Ripple, sells 300 million to 1 billion XRP's on the open market EVERY MONTH, which means there is always BIG SELLING PRESSURE against the price of XRP EVERY MONTH that suppresses the price of XRP.
This is why XRP cannot stay up, and before Ripple dumps their 300 million to 1 billion XRP's on the open market every month, most likely they and/or their market makers spike up the price of XRP before they make their big selling dump (which is why when XRP spikes up in price, it's always short-lived).
This is WHY Ripple's XRP has not performed in price like Bitcoin, or Ethereum, or Litecoin, etc. Don't care either way, but giving you heads up.
For with Bitcoin or Ethereum or Litecoin, etc. (the other cryptos), there isn't insiders selling 300 MILLION up to 1 BILLION every month, like you have with XRP, which only continually beats down the price of XRP every month.
This is why since the boom in cryptos this year, XRP lags behind all cryptos, given Ripple sells 300 MILLION up to 1 BILLION of their XRP's on the open market EVERY MONTH, which is not good for XRP holders trying to make a profit long-term, as they are always competing with Ripple that sells 300 million to 1 BILLION of their XRP's EVERY MONTH. There are 100 BILLION xrp's and Ripple owns 60 BILLION of them, folks - and they sell 300 million to 1 BILLION of their XRP's on the open market EVERY MONTH (these are their XRP's above and beyond their lock-up).
Most that bought and own XRP don't know this reality with Ripple above. If you own XRP and are in-the-money, take some or all of your profits, or Ripple will by selling their 300 million to 1 Billion XRP's this month, that is, they are taking their XRP profits every month.
endtimenews
Thanks for the heads up...Certainly worthy information.
Hard for a price to explode with that kind of selling pressure.
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Massive monthly selling pressure, which is why all the cryptos keep going up, forming a base as they do go higher, unlike XRP.
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That needed to be said! I'm not a fan of ripple either.
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Interesting article. I was about to post a similair thread. Investing in the cryptospace might come with a high risk but honestly I don't believe the risk is that high for the people who are daring to HOLD their coins for long. I really advice people to take a look at: https://www.coincheckup.com I don't know any other site that gives such good inisghts in the team, the product, advisors, community, the business and the business model, etc. For example: https://www.coincheckup.com/coins/Ripple#analysis For the Ripple Investment and research analysis.
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