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The most surprising thing is how little this announcement has moved the USD exchange rate (~$0.25). That rate is about where it was last month. https://www.tra

by aazaa 6y ago

The most surprising thing is how little this announcement has moved the USD exchange rate (~$0.25). That rate is about where it was last month. https://www.tradingview.com/symbols/XRPUSD/?exchange=BITFINEX https://www.tradingview.com/symbols/XRPUSD/?exchange=BITFINE... Yes, there was a big run-up, but that was largely drafting off the increase in the bitcoin exchange rate. The real test will be how much further XRP drops (or doesn't) from here.

newman8r 6y ago
It might have been mostly priced in already - I was reading some articles about possible delistings last week, and I consider myself a hobbyist, not a serious investor.
- gruez 6y ago
  Yeah if you check the price history there was a massive drop from ~0.55 USD/XRP to ~0.25 USD/XRP shortly after SEC filed lawsuit against ripple.
JumpCrisscross 6y ago
> The real test will be how much further XRP drops (or doesn't) from here Do we know who holds most XRP? Naïvely, I would guess retail investors and the company. I am not convinced either will be convinced to abandon ship by anything short of a court order.
- aazaa 6y ago
  Most sources put that at Ripple and/or its two top execs. They obtained these positions by virtue of the Ripple consensus protocol, which conjured the coins into being and granted the network creator (Ripple) sole ownership. AFAICT, that's the crux of what SEC will be going after.
durpkingOP 6y ago
could we track circulating supply over time? they could just add more and keep the marketcap up as the price dips
- gruez 6y ago
  But that chart's tracking the XRP/USD price, not the market cap.
TylerE 6y ago
About? On Nov 28th is was $0.61. That's down over 50%.