I would like to hear people's opinion on XRP/Ripple. News, Trends, Concepts, Technical Issues... anything pro or con that might be indicative of it's survival or growth opportunities in actual real world use cases. Or things that indicate it's failure.
Here is my two cents to start it off, starting with a Disclaimer.
Disclaimer: I have weighted portfolio of Bitcoin (5 - 10%), Ethereum (70 - 80%), XRP/Ripple (10 - 25%). I'm a HODLer, not a Day Trader,a nd reportionments are done rarely based on trends. My purpose of this post is to try and determine whether a repportionment of Ripple is appropriate. And I am currently of an equal mind. 33% to lower stake. 33% says stay hte course. 33% says increase shares. So real certainty here I tell ya! LOL Hoping someone will say something here to un-jam my mental logs.
My current facts as "I" see them....
CURRENT PRICE: Ripple is doing absolutely nothing. No real motion in any direction except sideways. Only recent facto that may be contributor is the court case that allowed prior founder (McCaleb) to unload his billions of XRP at a current rate of "0.5% of average daily volume for each day of the week, including weekends and holidays". So hardly anything of much substance, however, the fact that the price hasn't gone down means that there are at least enough buyers to keep the price even.
NEWS: I keep a very steady eye on Ripple, constantly trolling news, webs, boards for info. Again - nothing. Almost a total black hole of current news. The only recent "news" are name dropping tidbits about SBI Holdings in Asia wanting to use Ripple. Microsoft Azure being open to Ripple blockchains. R3CEV hinting at Hyperledger open to Ripple use cases. Royal Bank of Canada (RBC) running a Ripple Blockchain Trial. Press Releases about 42% savings to banks using Ripple. And vague references to Interledger, which is sort of analogous to Hyperledger or Lightening network in a way..... talk, no real world scenarios yet though. And all of this very hypy-vague. Just little tidbit trickles of "News", "non-News" actually, that basically says, "Hey, we're alive."
GENERAL THOUGHTS: I think Ripple/XRP IS still alive, and due to the nature of its business model, is in "secret development" mode. I mean, you won't see news, until you see news, but whe that news does come - it may be a hard break. My opinion is that will most likely be up (obviously - I DO own it), but I guess it could be down, or it might even be just a really really slow up if the news is not dramatic enough that other coins (Bitcoin/Ethereum etc) aren't also releasing big news, and thereby suck up all the investment money that might go into Ripple/XRP - thereby blunting the reaction. However, it could go the other way,a nd we could get good news out of Ripple / bad out of Ethereum/Bitcoin, and the pressure could be exacerbated up. Also- the whole "premined" aspect doesn't bother me that much. With all my crypto investments I am looking primarily at actual eventual use case scenarios to determine value. The 2nd tier money coins (Lite, Dash, Monero etc) are of no interest, and even the Utility coins (Emercoin, Maidsafe, etc) seem a bit too spiky/dodgy and subject to market manipulation/risk to me.
Ripple is obviously a top tier player, but a little lacking in discussion at present. Thought I'd fire up a topic.
Peace,
- david
As you have mentioned, XRP/Ripple is facing a lot of uncertainty and challenges right now, especially due to the ongoing lawsuit with the SEC. This has affected its price, availability, and adoption in the market. However, there are also some positive signs and developments that could indicate its potential growth and survival in the future. Here are some of the opinions and facts that I have found from the web:
Should You Buy XRP While It’s Still Down? This article from The Motley Fool discusses the pros and cons of investing in XRP at its current price level. It argues that while XRP has scored a major legal victory this summer, the regulatory battle is far from over and could drag on for years. It also points out that Ripple is spending a lot of money on legal fees and losing ground in the U.S. market. However, it also acknowledges that XRP has a unique value proposition as a fast, cheap, and scalable payment solution that could benefit from the growing demand for cross-border transactions and CBDCs. It concludes that investors looking for rapid price appreciation need to pump the brakes when it comes to XRP, but those who are willing to wait and take a long-term view might find XRP attractive at its current valuation.
3 Reasons Why XRP Could Skyrocket in Value. This article from The Motley Fool outlines three possible scenarios that could boost XRP’s value in the future. They are: (1) a final settlement with the SEC that clears XRP’s legal status and removes the regulatory risk; (2) a major client win in the U.S. market that showcases XRP’s utility and adoption; and (3) an IPO for Ripple that could generate more publicity and liquidity for XRP.
XRP News: Ripple’s Global Expansion Sparks Investor Frenzy Amid SEC Lawsuit. This article from FX Empire analyzes the recent price movements and trends of XRP. It notes that XRP has been on a bullish run since October, reaching a new high of $0.64 on November 6. It attributes this rally to the increasing adoption and expansion of Ripple’s payment platform in global markets, especially in Asia and the Middle East. It also mentions the positive sentiment and speculation around the SEC case, as well as the upcoming Spark token airdrop for XRP holders. However, it also warns that XRP is in overbought territory and could face increasing selling pressure without an XRP-related catalyst.
These are some of the opinions and facts that I have found on XRP/Ripple. I hope they are helpful and informative for you. Please note that these are not investment advice and you should do your own research and due diligence before making any financial decisions. I am not a financial expert and I cannot predict the future of XRP/Ripple or any other cryptocurrency.
