Why are people still buying XRP?

[francois-cooper]

What about if all the SEC news was just FUD to scare people and push them to sell their tokens at a very low price ?
I bet big whales are buying xrp at those current prices (0.35), then it will be easy for them to push prices and make people FOMO.

[bluelogic]

Even if it was FUD it is still a bet that the SEC will just fine XRP and that will be the end.

[Bitcoinislife09]

I got disinterested in XRP back in March 2020 when I learned about the 20 XRP wallet minimum. That was a deal breaker for me because it requires people to invest some money that they will never be able to access again. Also, I did not like how XRP is centralized. But now, with the giant lawsuit, why are people still buying?

.38 was a cheap price and good price entry in XRP market price there are still so many people who believed in the XRP market the only thing here in the SEC lawsuit to XRP if the lawsuit already ends or solved it will all be over and the price of XRP will fly to the moon. The lawsuit is the only thing that stopping the market price of XRP we already see XRP reach .7 last time and then another .7 because of the telegram group plans but it works. The potential is still there plus the cheap price of XRP I would buy some and gamble probably a small amount of money for a good profit in the future XRP should explode ages ago.

[JNR]

I got disinterested in XRP back in March 2020 when I learned about the 20 XRP wallet minimum. That was a deal breaker for me because it requires people to invest some money that they will never be able to access again. Also, I did not like how XRP is centralized. But now, with the giant lawsuit, why are people still buying?

i think now you understand why people still buying xrp, because they want to make profit by investing in xrp, but mabye in short term
because i think, in long term its too risky by investing on xrp

[pixie85]

Even if it was FUD it is still a bet that the SEC will just fine XRP and that will be the end.

The SEC is just the begining. If a coin has a weak point it's going to be abused.

When it comes to XRP their weak point is the company that manages it. It can be sued, it can go bankrupt, it can scam you and run away, it can be a target of a terrorist attack, you name it.

XRP is a bad coin that's what you should learn from this situation. The SEC action should be a warning to investors.

[TribalBob]

As bad as the news spreads, it makes people more curious about what is being reported, XRP holders are sure that they will get their profit back, the problem with the SEC I think will gradually disappear like the previous news.  here the XRP team have tested.  how so that they remain and fully trusted by the community

[kesmex]

As bad as the news spreads, it makes people more curious about what is being reported, XRP holders are sure that they will get their profit back, the problem with the SEC I think will gradually disappear like the previous news.  here the XRP team have tested.  how so that they remain and fully trusted by the community

Yes, we all hope that the problems faced by Ripple can be resolved soon,
However, if there are still issues about the problem of ripple, of course it's not good,
i also trust the ripple team because they also continue to work hard,
let's see in the future, hopefully there is good news

[forexandcryptoauditor]

Seems people still believe in XRP. Also seems there is no big deal for them with the current lawsuit. Another point that many traders and investors think that since its price is very less, it can be accumulated in huge numbers, and in the future, it may give good returns.
Let's see how it goes.

[Distinctin]

Seems people still believe in XRP. Also seems there is no big deal for them with the current lawsuit. Another point that many traders and investors think that since its price is very less, it can be accumulated in huge numbers, and in the future, it may give good returns.
Let's see how it goes.

They are fooled by the pump happening this time attracting people to invest but for those who know more about XRP, I don't think they will take the bait. I'm holding XRP before but as the issue rises, decided to sell.

I understand that they are trying to catch the uprising trend of XRP but I'm not confident if the surge will reaching its ATH and make these people paid off from their investment. I'm worried about if the dump will come once the SEC finally announcing the result of their issue.

[blockman]

Even if it was FUD it is still a bet that the SEC will just fine XRP and that will be the end.

It is not a FUD but it is an actual lawsuit that the execs are facing plus the actual company too. I doubt that the SEC will have it settle and just take the fine with a penalty.
If you have an idea what did SEC has done to the other project companies before, they've really tracked them down and did almost the same without showing any settlement to them.

[santiPOGI]

I got disinterested in XRP back in March 2020 when I learned about the 20 XRP wallet minimum. That was a deal breaker for me because it requires people to invest some money that they will never be able to access again. Also, I did not like how XRP is centralized. But now, with the giant lawsuit, why are people still buying?

If ever there are still people hold Ripple, that is because in their mind it could recover the issues in the future then will rise again.
So, you can't blame them especially if they have a huge amount of holding in XRP. Besides, there are still other exchange were they're not delisting Ripple so far and yet it is still tradeable.

[kawetsriyanto]

XRP is a bad coin that's what you should learn from this situation. The SEC action should be a warning to investors.

Do you really understand what is the SEC issue exactly? It is not about the quality of the XRP token but another case. I don't think you can easily state XRP as a bad coin only from the current case of the lawsuit. If XRP is a bad coin, it won't survive a long time as the top 5 crypto coins in the world. People aren't stupid, they won't invest their money on bad coins. Please don't spread more FUDs! Just wait for the result of the SEC case. Be wise!!

[saffira]

People still trust xrp regardless of bad issues. I also invest in xrp and in the past month I do not lose rather I doubled my investment because its price rise simultaneously with btc and eth. It only means that they are fixing the problem.

[AmoreJaz]

XRP is a bad coin that's what you should learn from this situation. The SEC action should be a warning to investors.

Do you really understand what is the SEC issue exactly? It is not about the quality of the XRP token but another case. I don't think you can easily state XRP as a bad coin only from the current case of the lawsuit. If XRP is a bad coin, it won't survive a long time as the top 5 crypto coins in the world. People aren't stupid, they won't invest their money on bad coins. Please don't spread more FUDs! Just wait for the result of the SEC case. Be wise!!

aside from that, there are actually a lot of stakeholders in xrp. they forged a lot of partnerships already. look at japan, they keep supporting the xrp project. so if this is a shit coin, dont think many entities will continue trusting them.
xrp should resolve their sec prob as soon as possible. and yes being in the top 5 is a big deal. if youre a bad coin, you wont stay that long in that list.
people are still buying because they believe xrp team can get out of this mess. i think they will, unless one or majority of their key people will give up and sell his stake.

[b1boy]

For me personally i have actually always like XRP because it has one of the cheapest sending fees and also really fast but since the lawsuit happened we can see it affected the price a little bit and most people already cashed out their invest but XRP is still standing which is to show the standard of the coin and hopefully in the nearest future it can get back on its feet and most exchange would relist it

[bryant.coleman]

XRP is one of the most manipulated cryptocurrencies out there in the market. A dozen or so of the large holders own around 80% of all the XRP in circulation and therefore it is relatively easy to manipulate the exchange rates. On top of that, several users now regard XRP as underpriced, as a result of the crash which followed the SEC announcement. But the long term prospects look doubtful for me, with issues related to SEC not moving in the right direction.

[blogclaim]

XRP future is moon. I hope XRP price are going high, this the reason of people buying XRP. I also buy and hold XRP coin for future.

[aryana42]

i think now you understand why people still buying xrp, because they want to make profit by investing in xrp, but mabye in short term
because i think, in long term its too risky by investing on xrp

It is true, for the short term it is not wrong to choose XRP, because the current position of the XRP token has also begun to be good again even though their problem has not been completely resolved, meaning that the XRP token is still in the category of a good token to choose in the short term.

[LogitechMouse]

XRP is one of the most manipulated cryptocurrencies out there in the market. A dozen or so of the large holders own around 80% of all the XRP in circulation and therefore it is relatively easy to manipulate the exchange rates. On top of that, several users now regard XRP as underpriced, as a result of the crash which followed the SEC announcement. But the long term prospects look doubtful for me, with issues related to SEC not moving in the right direction.

I might agree with this after what happened few days ago .

There are many who got FOMO'ed with the recent pump and dump to Ripple. Many are hoping that the recent pump is the start of the new rise of Ripple but they are wrong thus many people are at a loss right now and those who are smart enough to know when to enter and exit are as usual the ones who gained the most profit.

People are buying XRP still because of 2 reasons. Short term profit or trust. There are people who are buying XRP because of short term profits like me who bought it at $0.21 and I got my initial investment doubled thanks to that pump and dump that happened few days ago. There are some people though that are buying it because they believe that it will come back into its past highs. Whatever the reason is, Ripple will still be on top whatever happens.

[Yamifoud]

because xrp is still traded and it means that there will always be buying and selling, if it is no longer traded, xrp will die.
the bad news regarding sec is only temporary fud and now the news has disappeared and has been clarified.
the market will always have its own way of doing it.

I don't see any announcement that XRP has been cleared out from the SEC but it has to say that they were silent now and might the reason why people have the courage to invest and buy back again. They are in really good timing since the price is low, people can do bulk buying instead. The trading is still alive.
But for me, it didn't look like that, XRP still out of my consideration. If ever I have some XRP in the coming days, that could be just temporary and just passes by, I save it for the fees.