Ripple is one of my favorite cryptocurrencies, it is a very solid project with an excellent team. Its technology has been adopted by very important companies worldwide, and many others will certainly use it in the near future, so I think it is to be bought and kept as long as possible to have good profits
I'm sorry to ask you this, and please don't feel offended, but do you even know how ripple works?
I only have some basic knowledge and if I'm am wrong I expect someone in this forum with more knowledge about ripple than me to correct me, but from what I know, this is how it works:
- XRP (the native token) is only used to pay transaction fees, in order to prevent DDOS attacks. Basically Ripple tokens are destroyed when tx are made, so it could make sense to invest in them, assuming they would become scarce in the long term, in order for the network to keep working.
- The problem is that this will never happen, because the destruction rate is simply to low (0.00001 XRP are burned per transaction, so that's 100,000 transactions per 1 XRP, and we have like 100 billion XRP available?). It would take thousands of years to destroy all tokens. From what I've read only 0.00526% of all supply has been destroyed so far...
So basically, even if the network gets mass adoption, and is used by banks in order to make cross boarder transfers faster, the token itself will continue to be "useless" and cheap.
XRP is not meant to be a valuable token. It's just part of the protocol, to make the network work in a safe manner, so it can't be seen as an investment, because it's not.