Bitcoin Forum

As an XRP investor I am happy to hold and very happy to see small incremental increases in price rather than the higs and lows of Bitcoin and to a lesser extent Ethereum.

If XRP was circulating at a stable $0.75/$0.80 at the end of the year 2019 I would think of it as a success.

XRP continues to occupy the 3rd spot by biggest market capital and is trading very high volumes and the price is easily within range for even the most novice and careful of investors to add XRP to their portfolio. Things still look very good for both XRP and Ripple.

Right now the Moneygram deal has been announced and regular news about fintechs using/testing xRapid/Ripple appears frequently but what do you think the main aim of Ripple Labs is for the near future versus to the mid-to-long term?

I wouldn't trust xrp's volume as they have little actual usage. Millions are dumped regularly so the price doesn't look good long term or short. This coin is very shady, please invest in a superior alt like eth or iota.

As long as you're happy with your investment, everything's fine.

No, I'm good. There is no room in my portfolio for xrp

Really? Istn't xCurrent their flagship product; and I read somewhere at the beginning of the year that not a single xCurrent user has chosen xRapid yet.
and as we all know, xCurrent does not require XRP.

The main aim of Ripple Labs? Presumably to bring new xrp from the escrow into circulation.  ;)

Ripple foundation is not yet even dumped the pre mined coin and imagine what already happened when it will have dumped to the market. Jed mccalleb is the best example about how ripple is only a scheme to make the creator become the rich person lol this just like a pyramid scheme

There seems to be some negativity against XRP and Ripple but it seems without foundation.

XRP has a purpose and actual use in the real world, so does Ethereum. Bitcoin is the base rate crypto currency. Keeping those three aside you are hard pushed to find any crypto with any actual usage or functionality.  99% of the coins and tokens out there are useless and well as pointless.

Ripple might not decentralised but that cannot be used as an excuse to attack it. Nor can currently locked founder XRP be used as a reason to say XRP will fail. All Ethereum based ICOs also have founder tokens that are immediately available or locked until a specific date.

Keeping the FUD aside and looking at it purely as an investment, XRP is a great option to consider.

your comment about your "investment" and success doesn't make sense to me at all.
consider that you are not talking about a separate market or a completely separate asset in a different world. if you were for example saying "Gold" has gone up 5% in the past 6 months then it would have made sense. it would have been a successful and good investment because it is a DIFFERENT market.

but when you are talking about an altcoin you are in the same market and the same world as bitcoin and in that world where bitcoin has gone up 250% in the past 6 months and XRP has gone up only 5% against USD while dropping ~70% against bitcoin, i honestly can't understand which part of this investment you are happy about?

In the event I made a mistake of purchasing XRP for $3.65 each in January 2018 and now find the price at $0.39 I would be extremely worried but thankfully I did no such thing and did not make that mistake.

If in a relatively short period of time Bitcoin increased by 250% and XRP increased by 5% that stands to reason people would conclude what they want about their investments or observations but for me I purchased my XRP years ago for way less than $0.01 each and could not be happier. So whether I sold all or some of them in the December 2017 / January 2018 bull-run peak price for $3.65 each or whether I sell now at the current price of $0.39 means I am very happy with my XRP investment because I will make a significant return on my initial investment.

The majority of of xrp holders will defend it until death. It must feel terrible knowing you invested alot of money into a crypto that is slowly dying. The reason I say this, is that almost every other big alt has increased since the start of the year. Xrp just keeps dropping,  stay clear of this shady coin folks!

 I have to say it is quite disheartening to see the XRP price so low especially while Bitcoin is trading over $10,000

USAGE USAGE USAGE
Xrp is struggling to find any. Millions are dumped regularly because of this.  Lots of companies and bank like ripple (software) but dont need or want xrp (the token)

There is no reason to say that ETH or IOTA is superior, ETH has little potential compared to XRP. Thats the truth.

IDK why XRP is doing so poorly, TA longterm suggests that we are at the one of the lowest points in XRp history. This is why decided to buy. But the short term price action does not seem good, we need to have uptrend movement soon, otherwise xrp risks lower lows.

You cant figure out why xrp is doing badly? Are you joking me?

There might be much more to it than what you said but things are not looking good. Maybe hitting the all time highs of $3.60 are a long way off.

I still believe strongly in the XRP use case. There have always been questions over circulating supply, and what proportion of the quantity (currently 43b) listed on CMC are actually truly circulating without selling restrictions (Jed etc). I'm not that concerned. It's an extremely strong project with one of the most solid use-cases in al of crypto. For me it's still a good long-term coin.

Thank you for the post.

Do you think it will reach the all time high of over $3.60 any time soon?

It is struggling to keep its head above the $0.30 mark right now and is falling below.

Shed light to the truth then.
XRP has much more potential than ETH, there is very little usage of ETH nowadays . ICO boom has died down,and applications on current ETH are slow and not rational to make. The problem with XRP as others has suggested here would be the difference between ripple tech and and the ripple usage itself.

Main aim is to give away for free 57 billion of XRP that is left to be given out for free. XRP is like Christmas for bankers :)

The potential recognition of XRP as a security in the USA may not attract investors but scare them away due to increased regulation of the coin. Ripple can fall further, and here, this currency does not depend on Bitcoin. On the other hand, when BTC is going up, Ripple is supposed not to fall at least.
However, its popularity is pretty low now which affects its price negatively.

I agree about ICOs now being few and far compared to the 2017 craze and also think that Ripple has potential that ETH has not but it is a matter of trying to get it used widely.

I still believe in XRP but am not happy at the way the price has fallen below $0.30

No usage for eth?? It has the most amount of active developers,  it's the leader in smart contracts platforms, its poised to lead decentralized finance. Have you heard of nightfall? Many blockchains are being built on , its market effect and network is huge. Please tell me how xrp can compare? Not ripple , xrp. Because xrp hodlers seem to confuse the two alot.... Banks might use ripple software but have no need or demand for the token. The fact that it is 3rd place despite very little usage and constant dumping is remarkable. Banks will adapt and make their own coin and swift will adapt and nullify any need for xrp.

No one would really be able to assure you of that because those people that are forming predictions are just someone like you too, they are all in the dark and does not know if people are using ripple or not, you look at it, search the whole of internet and ask how many people are really using ripple for transactions, you will find very few people doing so, so how do you expect their value to shoot up that high when they have a product that is not perfectly functioning well.

If you have invested in ripple, then you can only wait for the time that altcoin season will start, and then you will get your answer then if ripple will be able to grow to that amount again or just remain stagnant this way forever, I will only advise that whatever investment you are into, ensure that bitcoin is always involved also.

We thought the Moneygram deal was going to help boost the price but for some reason it has not added any value to XRP but the long term value to Ripple should not be underestimated even though the price of XRP has taken a hit.

The population of companies and banks are not enough to really drive the value of xrp more than what it is now, consumers are the ones that really do make the value of projects to skyrocket through their demands, but as ripple is, not many people are actually interested in using ripple, and no matter how hard they buy their ways to the top, they cannot continue to pay from that position, one day, they will get tired and will definitely drop from that position and give it to the rightful owner.

Investment in ripple right now is very shaky and I don’t know if those who had bought at peak when their value was like $4 will ever recover their money again, but I guess those ones still have their investment in bitcoin so they will surely recover through that one.

Why would the average consumer want to buy xrp?

Only for speculation. Zero real world usage for ripple like most alts. Lottery tickets basically.

You are right about those that purchased at all time highs, it is hard to see them getting their investment back. Any profit seems a long way off.

Maybe the usage at the moment in the fintech sector is simply not enough to rise the price but the shining light is the current 24 hour trade volumes of $1.2 billion. If that stays like that then the price might rise.

The situation of XRP is really  the same with Eth  which is It seems very stagnant but during the bull of bitcoin they always come up afterwards and that's the truth! . .

Actually for me as of now we cannot easily tell more because of being unpredictable of the market .  But for sure soon once market make a progress especially bitcoin,  that's the real time we will can make a speculation on it because  it always come forward aftee the btc. 

The gap between the two coins is quite wide, and it will be most impossible for ripple to ever meet up with Ethereum, not now and not in the future. Ripple claims that they have real use case and that is why they are occupying the 3rd place but I see no real use case for them other than people that has been deceived of expecting their price to go to $4 holding the coin and hoping to have some great profit from the coin.

Ethereum is a great coin but it is no longer a saint too anymore because I am being disappointed about their own operation, they might have had real use case in the past but this is gradually dyeing downs, people are now Moving to other reliable chains like that of Binance, EOS and also Tron are beginning to gradually take over.

Their is a use case for them and that's being hopeful to even make it a dollar again. But no doubt XRP has the very fast transaction speed rate among others, if they will somehow upgrade I guess XRP might blow the crypto industry.

Finding a bigger fool to dump on hard.

You have a point there. It is not widely used and accepted such as Bitcoin.

The average user wouls probably only buy it to hold on to as an investment to sell later for profit and nothing else.

We all know about the " usage" of ETH. YEs statistically speaking, it has ton of usage- many many block chain built on it. But this is extremely shallow look. All this as you say huge usage is just becasue of the ICOs and tehy are dieing, like it or not. No-one in the end uses ETH besides making shitcoins on shitcoins and speculating on them.

XRP is a faster an cheaper way to send fund across borders, this alone makes it better than ETH . Sorry.

It is clear Ripple is being used in fintech and Moneygram will be implementing it in the very near future since the Ripple deal virtually assured it. XRP would be needed for low cost almost instantaneous transactions.

It seems Bitcoin as a base currency, Ethereum for contracts and XRP for banking does have a future for now. Just the single XRP price has been a let down.

Yes most altcoins are lottery tickets, sadly no way of being 100% sure which will succeed and which will fail or at which point investors should jump in then out before the price falls.

Tha main aim for now is to survive from that fool and stat above the altcoins. The market becomes more unstable, and if XRP continues to dump I see the price to become more weak. XRP need to develop something new, they don’t have any big progress so far especially this year, they can’t afford to lose.

They are actually looking to tap with the other institutions ( https://thexrpdaily.com/category/ripple-news/) and hope this would take a lead for its market survival and growth. XRP is still a profitable investment but not just to stop from what it has today instead to find another way to sustain the market demand and also with the market competition as well. 

I would say Moneygram investment was a huge deal, an unexpected and unannounced partnership which should have yielded better results.

https://www.fxstreet.com/cryptocurrencies/news/moneygram-starts-using-ripples-xrapid-201908041316

Speaking of the average users which will buy XRP as an investment and sell it later for a profit. The average users will be a newbie who is yet to understand the basic tactics of crypto investment because the last time I check the coin in the subject don't make many pumps in price even when other altcoins perform well in the market.

It maybe newbie have that basic understanding but not totally absurd it and don't have patience tends for them to sell it immediately.
Anyway, that would be a challenge for now and even XRP will do actions and response to the market but it won't that fast. They should have to come up with an effective strategy to help it out from drowning.

I don't know what is the aim of Ripple Labs in the future because they don't want to tell their plans to the public. Let us let them work with their project so if they can work for better, and I think that could impact the ripple price too.

Besides that, I think ripple and the other coins still struggle in the unpredicted market, and all of the altcoins still trying to survive to increase the price.

There is no such thing as ripple coin, please understand this before you buy xrp.
Secondly, the main aim of xrp is usage, to stop these massive dumps.

I hope they make those connections and tap in to other financial institutions so they can expand usage for not only Ripple but XRP too.

I don't think XRP currently has a very profitable goal, usually if it's like this then XRP prices are only used for whale toys they try to outwit traders by making prices go up and after that prices are dropped again, XRP will often do like this, don't to be fooled by such a method because it can make you lose.

I see that the development of XRP in recent weeks is experiencing good developments, I also happy to see this development. but I am more braver to invest in ethereum than XRP.

xrp was interrupted by the arrival of libra, when libra was launched many large banks would immediately migrate to send money between countries through libra.

The real pump happened at end of 2017 early 2018 when the all time high was around $3.60

Now XRP price languishing until further news or announcements affect it

You can not buy a XRP you would need to buy Ripple. A lease is not ownership.

Lol even without the announcement of Libra release Ripple(XRP) price was in dipping so don’t blame others for the falling of this centralized currency
But of course from now this Libra will effect the growth of XRP and also bitcoin and other cryptocurrency as well because the popularity of Facebook will auto effect everything .
Though sooner this will also help the crypto to make improvements as people will start to enter again learn how things happening here

They will compete with libra. XRP may not be as stable as they may think but once the price spikes up due to adoption, its going to rise more than $1 which libra may not go beyond. For Now, XRP still has its usage for instance the transferring of funds with very minimum fee. its the main reason why it has the 3rd biggest volume among crypto.