I clearly remembered most titans of blockchain industry clearly stated that XRP can never even come close to a dollar because of its so huge supply!! So if it moves close to 1-2 usd it will challenge ETH and Bitcoin marketcap. So in long run as ETH and BTC comes/double in marketcap then XRP can just follow them so in short run dont expect XRP to even cross 1 USD. Well in Jan it not only crossed 1 but 3 usd and now it well over 1 usd for 90% of time this year, so far.
Even at 2cents/ 20 cents it was maintaining 3rd position in marketcap above BCH and so is the case even today. Further its dominance has significantly increased from 1-2% to 9-10% and its been maintained there comfortably.
So does this LOGIC of significant high supply holds? Does the fear that high supply will come at play as XRP crosses 1 usd etc? Who will sell at high price? Most XRP is with Ripple and its founder. Will they sell at these petty gains when they know real value of XRP. CEO himself said we have vested interest in XRP price going high. With not much funds yet in XRP i DONT think there are too many seller apart from retail which anyway does not move the market. So yes on significant milestone achievement on price like 5 or 10 usd we can see some sharp correction but that should be temporary.
Its behaving just like any other coin - so it went up from 2 cents to 4 USD and comes back to 1 usd but it never crashed back to 20 or 2 cents. So people having huge supply and got xrp at zero value (stakeholders) is not selling it seems. Selling seems to be in line with retail moves as in other currencies also. Dont forget it was well expected looking at exchanges its been traded that is South Korea - where its mostly retail. So don't think huge supply is a deterrent factor for XRP price rise.
Look at data carefully - when its coming down volume is drying when its going up volume doubles or significantly high.