Why XRP Price Is Not Rallying? Ripple CTO Clarifies

XRP News: XRP, Ripple’s native crypto price is on a constant decline due to long running US SEC lawsuit and fading investors’ interest in the digital asset market. However, david schwartz, ripple cto quoted the reasons why the is not being assessed.

Ripple CTO cites Google

Ripple CTO gave out the example of Google back in 2000. He compared how people back then didn’t believe that a search engine would be the next big thing and will make billions of dollars ahead. In the meantime, on compelling, some people who might have joined Google at the time would have made millions now. Further information XRP. News Here

He mentioned that certain search engines such as Ask Jeeves, Altavista and Lycos were also in the right place at the right time, but could not enjoy it. Ripple cto thinks that cryptography is at this point where the market is still determining whether it will be the next great thing.

That's why there's a tendency for prices to fluctuate as people accumulate and digital assets become the next big thing. However, over time, the cryptography market will mature to determine which digital asset will succeed.

XRP trading vol spikes 212%

XRP price has dropped by 91% from its all time high (ATH). However, the price of X-rays has increased by 2 per cent in the last 24 hours. It is negotiated at an average price of $0.345 at the time of the press. Its 24-hour traffic is up 212% to $1.013 billion.

Whalealert reported that cryptowhales have displaced over 210 million XRP within the past 24 hours. The single largest recorded transaction has been of moving 148.7 million XRP (approx worth $50.3 million).

However, another crypto whale moved 70 million xrp (about 23.5 million dollars) in several transactions to a crypto swap, bitstamp. Crypto whales have been on a XRP moving spree over the past few months.