XRP bull run

Before involves with XRP Ledger , there is a minimum coins must have per Account of 10 x XRP that cannot be use.
Read here before involve....

Base Reserve and Owner Reserve
The reserve requirement has two parts:

  • The Base Reserve is a minimum amount of XRP that is required for each address in the ledger.
  • The Owner Reserve is an increase to the reserve requirement for each object that the address owns in the ledger. The cost per item is also called the incremental reserve.
The current reserve requirements on Mainnet are:

  • Base reserve: 10 XRP
  • Owner reserve: 2 XRP per item
 
Golden ChipMunk said:
At Today price , $2.33 per XRP x 12 unuse coins. The start off an account for XRP is $28.00 USD
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You've misunderstood the way XRP works. It's 10 XRP to activate an account / address. Then if you delete the account / address you can recover 8 XRP, the 2 XRP is a deletion fee. These changes were enabled in May 2022. Prior to that the 8 XRP was not recoverable.

So a new address costs 2 XRP (after you've finished and deleted it)
 
Pump N Dump? Agree or not , Be cautious!

XRP Price Crash to $0.60? Analysts Warn of Sharp Correction

"XRP has once again drawn attention from the crypto community, not just for its recent price surge but also for concerns about its centralized token supply. According to Crypto analyst IncomeSharks, over 43% of XRP tokens remain locked and are not in circulation, raising fears of a sharp drop back to $0.60 soon.

43% XRP Held By Ripple"

Source
https://www.binance.com/en/square/post/17060753078626
 
...
“The latest spike in whale-to-exchange activity coincides with XRP reaching a local price of around $2.3. This could indicate whales preparing for potential profit-taking or increased market activity,” Woominkyu added.
...
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https://www.coindesk.com/markets/20...-whale-activity-as-7-day-price-gains-near-100

XRP whales have been bag holders for years as the SEC lawsuits against Ripple (XRP) have dragged on and on (and kept XRP locked in the doldrums). I'm quite sure there are many of them eager to finally exit their positions in spite of the ultra bullish nonsense they spout on X.
 
pmbug said:
I'm quite sure there are many of them eager to finally exit their positions in spite of the ultra bullish nonsense they spout on X.
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I'm not convinced. What have they got to gain? It would crash the price.

They could trickle feed their holdings for sale on to an exchange or maybe carry out some large OTC transactions in order to protect their wealth as much as possible, but the FUD around the whales dumping on the market is yet to materialise, and it was present pre-SEC days. The biggest threat to the project is like any other, a loss of interest by the devs. And I'm not sure if that is even an issue.
I don't hold any XRP nor have plans to.
 
@Golden ChipMunk mentioned the XRP wallet reserves earlier. Here's an update. The reserve has been reduced to 1 XRP per address.

XRP Ledger reduced base reserve requirements from 10 XRP ($25.60 at current XRP prices) to just 1 XRP ($2.56) on Dec. 2, blockchain data shows. This allows new network users to fund their wallets with a smaller amount of cryptocurrency, potentially reducing a barrier to adoption. It also allows users to spend some XRP they have otherwise had to hold in reserve.
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https://www.msn.com/en-us/money/mar...-allowing-for-smaller-new-wallets/ar-AA1vbiHg
 
mmm....shiney! said:
... What have they got to gain?...
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Liquidity. Getting stuck with an illiquid (or severely underwater) asset sucks when you need cash. I'm not arguing that whale sales will happen. They might or might not. Usually when whale wallets move assets to CEXs, it's because they are looking to sell though. The FUD you are referring to, as I understand it, was mostly about the Ripple folks still owning something like 50% of the XRP tokens (uncirculated). That's a separate issue.
 
The XRP USD stable coin (RLUSD) has been given approval recently.

upload_2024-12-11_15-27-37.png

https://x.com/bgarlinghouse/status/1866571228464460215

Golden ChipMunk said:
I have seen this type , they can blacklist any account

"Kicking out anyone who goes against the authority"
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The XRP Ledger does not have a native blacklisting features for addresses. What you're suggesting would require great effort, and a consensus among all the network validators. In other words, it's not going to happen.

I've you're really worried about being "kicked out", it has happened in ETH before. So I guess it could also happen in any blockchain.

https://levelup.gitconnected.com/how-ethereum-reversed-a-50-million-dao-attack-cee528d8c030
 
Stable coins now are banned in many countries.
Italy are imposed over 40% tax, Is cryptos worth doing?
All dogs wanted to be fed. :p
 
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