Even if XRP comply with the SEC rules and regulations it will still go down the drain because the SEC dont take very cases they had merciful and the last time I checked reputation are hard to built but easy to destroy. Remember when Charlie publicly declared he sold all his LTC holding most of the LTC primary investors choose not to support the project till now and the coin loose it reputation as Silver Bitcoin. I believe the XRP team understands all this which is the reason why they organized Spark Airdrop.
Before now I dont get the reason why people invest in the coin cause it have not benefit to the crypto community.
Agree. XRP doesn't stand a chance, as the SEC lawsuit made a deep hole in its reputation. It'll be hard for Ripple to recover from this, as people focus on other big players on the market. Ripple would've distanced itself from XRP in the first place in order to avoid such situation.
Ripple cant distance itself from XRP cause they both belong to the same parent and if it happen that it distant itself from XRP more people that still hold onto their XRP will sell their holding cause it just like the situation of Charlie I used as an example earlier.
Now many exchanges are de-listing XRP, negatively impacting its price on the market. If this keeps up, we might see XRP valued at $0.01 USD per coin. It could be less than that if there's no real use cases for XRP. With many good alternatives on there on the market (Stellar, NANO, IOTA), there's no reason to invest in XRP anymore. Unless things change for the better, I don't see XRP going anywhere.
I expect XRP to dump below the price you mentioned since there is no positive news about their issue with the SEC and they seems to have loose some primary investors already but I believe the reason it still at the $0.02 is because of the Spark airdrop cause XRP have no benefit to the crypto community and the only use cases I think it had are the partnership with Money Gram and some institutions (of which I dont know it the partnership is still on).
Nonetheless, anyone can speculate what a specific cryptocurrency/token's price will be in the future. But what ultimately matters is usability. If XRP is useful, it'll be able to gain people's attention in the mainstream world.
This translates into higher demand, followed by higher prices on the market. For XRP to reach a target of $14 per coin, it need to experience a level of adoption similar to Bitcoin or Ethereum. It's seems unlikely that'll happen because of the reasons mentioned earlier. Yet, I've learned that nothing's impossible in crypto land. Just my thoughts
You are right but XRP is not useful for crypto community and they are only after private companies, banks etc.
Nothing impossible, not in crypto land alone and with the XRP team good in price manipulation I expect XRP to gain the attention of naive investors. But the SEC will drain their account if care if not taking have you hear about the case they had with Deutsche Bank?
