imo, current #MarketMeltdown is due to moody's announcement of the U.S. credit rating downgrade came after the market closed on Friday, and the shock is likely to linger through the weekend and into the Nasdaq opening on monday.
1. Good at make people believe in their coins. That is, block the sell pressure of individual investors.
2. The issue with sec is their food. $XRP raises the price with the issue and takes profits.
3. Influencers predict that one Ripple will be $100, $1,000, or even $10,000. (Fyi, even if you just calculate the simple market cap, the price prediction is ridiculous compared to the size of the world economy.)
Repeat this.
That is, 1. Create support for the dumping section of individual investors. 2. Prepare for new inflow + profit taking.
3 > Individual investors need to be cool about these videos. These videos create the same ignorant trust as 1. Like a pseudo-religion.
Summary: $XRP is a payment coin.Therefore, it is essential to maintain a stable price range of, for example, $5 or $10 per coin due to the nature of the coin for payment. So it's not like $btc, $eth or $sol.
Don't fall in love with any coin. if you meet profit chance, make it yours.