Someone bought 10 Million Ripple earlier today – what do they know that we don’t?

So Ripple, the cryptocurrency that claims to be “the world’s only blockchain solution for global payments” has been going wild today after someone bought 10 Million Ripple (XRP) earlier in the day and amidst rumors that CoinBase will start carrying it.

ten-million-ripple-buy

(image source – @TheFinancer)

So this either means that a very wealthy person just put about ten millions dollars into Ripple…or a larger institution just added Ripple to their portfolio. What this tells me is that someone out there knows something that we don’t know, or at least that’s the first thing that comes to mind.

Ripple has confirmed that they are coming to CoinBase in 2018 but given the controversy around the addition of Bitcoin Cash my guess is this will roll out later. CoinBase is still sorting through some pretty serious allegations of insider trading related to a huge spike Bitcoin Cash buying activity leading up to the launch.

Now that being said, nobody would be stupid enough to get tipped off about when CoinBase would buy Ripple so suddenly put $10M in. Instead I do think that Ripple is gaining steam pretty quickly and investors are becoming more comfortable and excited about the opportunity with cryptos other than Bitcoin. Both Ethereum and Litecoin have seen huge gains over the course of December and with Ripple currently at $1.24 vs. $0.78 just last week…we could be seeing the beginning of the next big crypto run.

Ripple-at-two-dollars

So now we’re starting to see $2 Ripple predictions on Twitter, and you can bet the nice gains today are going to get plenty of press over the next few days, which will of course bring even more investor interest. This is what some people (heck a lot of people) are wondering about Bitcoin, is it the hype that drives the price more than the fundamentals? If you do think that hype can drive the price…couldn’t Ripple be the next recipient of massive growth?

What do you think?

Note: I am an investor in Ripple, nothing written above should be taken as advice to either buy or sell Ripple or any other cryptocurrency. Investing in cryptocurrencies is incredibly risky, I personally don’t recommend investing money that you aren’t okay losing overnight…because that could happen at any time. If you’re new to cryptocurrency I highly recommend reading this thread on Reddit about how to avoid investing recklessly.

{ 10 comments… add one }

  • jin December 27, 2017, 12:47 am

    remember when i left you message here but you never published to buy ripple at .27 and it will $1 ,and it did

    also ripple never confirmed coinbase, So please dont post false news, and those pictures are photoshopped the one you linked.

    Although they have not confirmed, they will hit coinbase anytime in 2018, thats guranteed for sure.

    Reply
  • jin December 27, 2017, 5:01 am

    also buy TRX and make sure to dump it at 350 satoshi, u can buy now at 240 satoshi

    that would be quick 10k to 20k for u – buy a three letter domain lol

    Reply
  • John M December 27, 2017, 5:20 am

    Morgan Im surprised that you would say that Ripple XRP “confirmed” that they were headed to Coinbase – where did you get that information and did you vett it? That said although Ripple will probably get to $5 in the next few years it will first take a major hit of at least 80% – why? because like it or not it will always be tied to the price of Bitcoin anyone that says differently doesn’t know a thing about market behavior and Bitcoin can and will drop 70% at some point. Happy New Year!

    Reply
  • Jose December 27, 2017, 5:45 am

    Only one thing not to risk because you are going to lose and much, the great fortunes win or lose but it is not the same as you. Keep it in mind.

    Reply
  • roy e messer December 27, 2017, 6:15 am

    morgan, if free, i would like to chat about cryptocurrencies
    roy

    Reply
  • Nick December 27, 2017, 1:15 pm

    No one can seem to answer, or maybe they dont wish to, but I’ve been asking for weeks now: where do people safely buy and sell this cryptocurrency stuff???? If you dont want to say then fine – but I dont know what the secret is.

    Reply
    • ram December 27, 2017, 2:14 pm

      Hey Nick you can buy at coinbase.com, bittrex.com, cex.io….There are quite a few options…good luck!

      Reply
      • Nick December 27, 2017, 6:28 pm

        Thank you @ram!

        Reply
  • Jeff Schneider December 28, 2017, 3:23 am

    Hello Morgan,
    Just wait till ( ALL ) these buys try to cash out. This is what people don’t want to know. Last Warning
    JAS
    Gratefully, Jeff Schneider Former (Rockefeller I.B.E.C. Marketing Intelligence Analyst/Strategist) (Licensed C.B.O.E. Commodity Hedge Strategist.) (UseBiz.com)

    Reply
  • Crypto Medics May 6, 2019, 4:14 am

    Good Analysis. Ripple is leaded by a great group of men who have derived a great view of their future through their business. Which makes me believe Ripple has a bright future.

    Reply

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