Why are people still buying XRP?

[elsya syafira]

because there are still many who give confidence in the ripple, that is why when ripple is still active on the listed exchanges. and most people today buy ripple to hold it long enough to make a big profit. besides that, I think that currently Ripple is still holding out until it is delisted on the exchange.

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A few days ago, I was doing consolidation some of my coins, then I need to send it from one exchange to another. XRP had by far the lowest withdrawal fee, 0.1XRP which is ~$0.025 at the moment. Listed probably on all major exchange, low spread, easy to sell, transaction executed almost instantly.
So why not to buy and use XRP?

[imstillthebest]

It is simply because people have the trust in XRP and hoping that it will come back on top again in the near future. Remember that it is still in top ranking cryptocurrencies in the coinmarket, so it is not bad to invest on but still be cautious enough.

Yes, in terms of ranking it can still be said to be very good because the XRP token is still in the top five in the list of coins, so it is still worth choosing as an investment token even though it is not suitable for the long term, but for the short term I think it is still very suitable.

we often suggest buy top coins and avoid new coins ,

 now that they follow our advice of buying top coins and xrp is among it , why are we now complaining ? but i know , complaints arent going to be stopped .

 the only way to stop buyers buying xrp is to remove xrp from the top ranks and that is currently in the making ,

polkadot already surpasses xrp and next potential coin that are going to surpass xrp is cardano and the list goes on .

[Mpamaegbu]

2) The traders especially those that trade on technical signals think that xrp price is cheap and at longterm support price so for them this is an attractive entry for them.

Perhaps you meant investors, not traders. I don't think traders give a hoot about the longterm. They just buy and exit trades once there's a signal to cash out. This can be done within a day. Those who hold trades longer than a week looking for longterm resistance could be doing so from investors' perspective. Again, I think those who are still buying Ripple are banking on a miracle happening so they could be reaping a great ROI. This may happen or may not happen. It's a risk. Those buying Ripple should know that and be prepared to face the merit or demerit of their decision.

[dupee419]

Maybe they believe that it will recover soon because it was already in the bottomed price so I guess for them this is the right time to buy a cheap XRP but I don't think if it is good to hold for long term, maybe for short term you will earn profit for sure. I don't expect XRP hitting $1 price seems it's difficult for XRP to reach it.

Same with ETH, some will definitely still support Ripple, and by saying some I meant a lot, there's still hope for sure that XRP would make a comeback, just like what also happened in ETH, but if it does not and continues to plunge into the bottom, then I'd say we bid goodbye to Ripple.

[Almasani]

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?

Most crypto users love XRP's existence. The facto, I am also very interested in Ripple. But this goes back to the individual investor. XRP is indeed experiencing problems with the SEC lawsuit, but there are most countries that are ready to accept the existence of XRP, so that XRP transactions will continue to run well.

[leatutz]

Who are buying the dips? It's simple they are traders or investors who are looking to buy now that the price is kinda low and expect it to pump later on in the future, so they can make some profits , Ripple has a good community support cause even with the law suit, its still among the top 10 cryptocurrency chart, even though it dipped in terms of price and marketcap, I honestly thought with this lawsuit alot of bad things where going to happen like XRP loosing it's spot to Litecoin, but some how it managed to stay on  top.

There are always very low chances to pump any risky coin, but there must be high profits. Once Ripple took second place in the coinmarketcap even though I didn't support the Ripple coin. Rather, I would like to buy a Ripple coin instant when Ripple recovers this law suit. From this coin I don't expect high profits because of top altcoins.

[VDraci]

XRP is a TOP altcoin, that's enough for many to still believe that SEC isn't enough to bring down this wonderful project, if XRP manages to accomplish it goals it's value will never remains the same again, many powerful organizations are eyeing XRP, that's a certainty

[Dr.Osh]

One thing that I was just thinking about is, XRP is a pretty good coin in the long run, so, there's a lot of trust XRP has built in people. So, there are still quite a few people who still buy and believe in XRP. besides that, XPR is still one of the top altcoins.

[Terrell]

According to the online forecasting service, XRP is a “bad, high-risk 1-year investment” option. In one year, the price of the coin is expected to fall to $0.02 by December 2020. In five years, they predict this cryptocurrency to trade at $0.029 in February 2025.

[Furryball]

According to the online forecasting service, XRP is a “bad, high-risk 1-year investment” option. In one year, the price of the coin is expected to fall to $0.02 by December 2020. In five years, they predict this cryptocurrency to trade at $0.029 in February 2025.

That's why its called forecast, if you have been following forecast platforms for a while you should have known that 90% of their predictions don't come to past, it's pretty much under maybe, I'd still risk holding my XRP bag, this isn't enough to change my mind and give up on such project

[Slow death]

One thing that I was just thinking about is, XRP is a pretty good coin in the long run, so, there's a lot of trust XRP has built in people. So, there are still quite a few people who still buy and believe in XRP. besides that, XPR is still one of the top altcoins.

how so good long term currency? all altcoins up to the most extreme shitcoin managed to have an increase of at least 3X since January last year until the moment thanks to the increase in bitcoin price. but XRP is still at $0.28. the normal would be to be in the  $3. this means that XRP is the worst investment anyone can make.

According to the online forecasting service, XRP is a “bad, high-risk 1-year investment” option. In one year, the price of the coin is expected to fall to $0.02 by December 2020. In five years, they predict this cryptocurrency to trade at $0.029 in February 2025.

I don't like these guys who are making predictions, but as it comes to XRP they must be right

[fullhdpixel]

XRP is quite attractive to buyers and investors despite of not good information that came out. It is still one of the top altcoins and what I also liked in XRP is the fast and low transaction fee. Now that XRP has a lowest value many people grab this opportunity to buy more because I also think that XRP is good for a long term.

Quite frankly even as someone who hates XRP as much as possible, I wouldn't say that it was a bad one, it is definitely one of the best at moving money around, that is literally the reason why it was created and Ripple made tens of millions of dollars worth of profit from transacting money around for bigger companies using XRP as well because that is the point of it. However question here is the fact that there are people who use it for buying and holding it and trying to make money from it.

So buying it and holding it will not be using advantages of quick and cheap transactions, because you buy it and hold it and not move it, if you do not move it then how it is fast will not matter. And for buying and keeping it will never be profitable and will never be understandable by others because it is really not looking great anymore.

[poodle63]

One thing that I was just thinking about is, XRP is a pretty good coin in the long run, so, there's a lot of trust XRP has built in people. So, there are still quite a few people who still buy and believe in XRP. besides that, XPR is still one of the top altcoins.

Can't say good coin in the long run when it could go down or delisted from many exchanges like anytime. SEC making move and XRP reputation doomed. I'd say most of the people who still buying it are those who want quick profit while knowing fully that the coin might go down anytime but they still go for it anyway just because YOLO. Definitely won't recommend it for long term investment until all things resolved.

[Teraboy]

According to the online forecasting service, XRP is a “bad, high-risk 1-year investment” option. In one year, the price of the coin is expected to fall to $0.02 by December 2020. In five years, they predict this cryptocurrency to trade at $0.029 in February 2025.

If the legal action that has been taken by SEC against ripple will be proven if it's true story and ripple could die anytime.
I hope that the news about XRP will come and we will get a small insight about the future of ripple. I guess that so many times people have been arguing about this but this can't be true until the court will release its statement.

[Question123]

It's their choice if they want to buy a XRP because maybe they see the potential of this coin because for me I see this coin as potential before the issue and even this coin have problems I still like this coin.  Buying XRP is still good because once the problem solve for sure the price will go up more and we will earn more money to this coin.

[dhaldanga]

Can I get good profit by buying XRP?
I have some XRP in my wallet.
Which I have held for a long time.
Seeking the cooperation of seniors.

[Saisher]

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?

They've built their business for many years they will not go down like that, let's admit it, Ripple is centralized but they have a good concept as alternative payment and their cooperation and business partners are still supporting Ripple, the fate of Ripple could go either way and people are gambling or taking the risk because once this is over Ripple will skyrocket and those who bought when Ripple is going down will benefit a lot.

[Pamadar]

It's their choice if they want to buy a XRP because maybe they see the potential of this coin because for me I see this coin as potential before the issue and even this coin have problems I still like this coin.  Buying XRP is still good because once the problem solve for sure the price will go up more and we will earn more money to this coin.

Those people are willing to take the gamble with fate.

If XRP solved this issue the value will skyrocket giving them the profits that they are aiming. If not, they are  willing to keep that and move forward, by the way, it's their decision as they own the money. Got your own option and you are free to pick side whether to also buy or stay away from this project.

[Cling18]

Possibly trying to convince themselves that Ripple Labs will turn these lawsuits around and be some sort of a fairy tale ending wherein everyone holding XRP will get handsome profits. Seriously, with all those exchanges delisting XRP on their indices, it’s unwise to really push your luck into trading these coins since you’re left out with platforms that are relatively new and unproven when it comes to reliability and integrity. Also you’ll be facing liquidity issues since a lot has already dropped their XRP due to the news. At this point, only the delusional will have faith in XRP, and that’s no exaggeration.

XRP couldn't even defend themselves against the lawsuit that they're facing so lots of investors are losing their trust for it. I have also sold my XRP holdings when I've heard about their issue and it was too alarming so I've decided to switch to potential altcoins that are worth buying.
People are still buying altcoins because they're taking advantage of the dip hoping that it could still survive and rise again in the future.