Why are people still buying XRP?

[HeavensPro]

This coin has it's position in the top 100 coins but for some reasons I don't pay attention to XRP. I think that it still keeps up because of it's past glory and nothing else.

[virasisog]

I used to buy the hype that XRP will be used by banks. In 2016 I bought thousands of it because I will be making huge profit if happen. And then 2018 where all lawsuits and SEC hits them.Nothing was change after it. Garlinghouse has nothing to say anymore. I dont see it happening either, it must be true that its tech is outdated.

Only reason people uses it still is the cheap transaction from exchnage to exchange rather than using stablecoin.

Compared to other stable coins, XRP is really a good option to save fees in crypto transactions. Maybe that's one of the main reasons why people prefer buying it during this season and since it's still functional in most transactions, investors still see it as a good investment. We can't deny the fact that despite its past issues, XRP still strikes up during the bull market.

[tvplus006]

Even after that, why invest into something that hasn't shown any improvement during the last bull market? Think about it, everything broke its ATH during that period and XRP still has its ATH sitting in 2018. This should be good enough reason to realize that you are not going to get anything good out of this....

Nevertheless, the benefits of XRP are obvious to everyone. And as a result, this coin has a real use by banks and other international financial institutions. It is possible that it is precisely the fact that this coin has not surpassed its ATH, the reason for which is precisely the lawsuit, that attracts investors to buy XRP. After all, in the event of the end of the trial and given the fact that the former technical director of Ripple, Jed McCaleb, has finished selling coins belonging to him, may push the price of XRP to the moon.

[wxa7115]

Even after that, why invest into something that hasn't shown any improvement during the last bull market? Think about it, everything broke its ATH during that period and XRP still has its ATH sitting in 2018. This should be good enough reason to realize that you are not going to get anything good out of this.

I understand that it is a coin that has been around for a long long time and that is why people are investing into it, because they trust the history of it. But currently, there are much better coins and you should start checking them out. Trusting a company and two guys to make you rich makes no sense to me, it is the worst possible way to invest in a decentralized market filled with decentralized projects.

It is true that when we see ripple as just an investment it has shown terrible performance as you could have obtained way more profits with other coins, so I can only think of two possibilities about why people are still investing in the coin, the first one is that people are expecting the investigation against ripple is going to end up favorably and if that is the case they are expecting a massive jump in the price.

The second reason could be that investors are simply not ready to accept the massive losses they are having in terms of bitcoin and they are throwing more and more money into ripple thinking that at some point they can breakeven, however I think it is very unlikely this is going to happen and all of those people are going to suffer even greater losses than if they just sold their coins already.

[Ziskinberg]

I used to buy the hype that XRP will be used by banks. In 2016 I bought thousands of it because I will be making huge profit if happen. And then 2018 where all lawsuits and SEC hits them.Nothing was change after it. Garlinghouse has nothing to say anymore. I dont see it happening either, it must be true that its tech is outdated.

Only reason people uses it still is the cheap transaction from exchnage to exchange rather than using stablecoin.

Compared to other stable coins, XRP is really a good option to save fees in crypto transactions. Maybe that's one of the main reasons why people prefer buying it during this season and since it's still functional in most transactions, investors still see it as a good investment. We can't deny the fact that despite its past issues, XRP still strikes up during the bull market.

Considering its low fees, that was only the advantage of having XRP but apart from that and if we talk about holding them, it can't be profitable based on my experience. I thought also before that it gives me profit but nothing. We can't really expect more for this coin but just a saving cost in transactions, other than that is nothing.

However, I'd just admired the stronghold of this project that is still able to survive despite the SEC issues been throwing at them.

[Semar Mesem]

XRP is a coin that has a strong foundation and capital, they have won a lawsuit that occurred 2 years ago, and this proves that the future of XRP will continue to shine, I have also invested in XRP 5 years ago and deserve to be the next 100x .

[kawetsriyanto]

Don't forget most people doesn't care with decentralized, centralized or privacy stuffs.

For me, people who are buying Ripple are most newbies or people who are lured by the hypes especially some influencers who are just being paid to advertise.

Agree. People sometimes do not really care about something behind the coins. As long as they think there is an opportunity to gain profits from that coins, they simply buy the coins whether for holding or trading. It happens on XRP, people know it has a bad issue related to the lawsuit but people ignore it as they are influenced by sweet rumors spreading by XRP lovers/armies. However, most people easily influenced should be newbies or people who are careless with XRP cases.

[RussianEnglishTranslation]

XRP is a coin that has a strong foundation and capital, they have won a lawsuit that occurred 2 years ago, and this proves that the future of XRP will continue to shine, I have also invested in XRP 5 years ago and deserve to be the next 100x .

There are a lot of XRP haters on this board but it has the most real world partnerships out of any chain. Now that smart contracts are being added to XRP, only a couple chains can compete with it tech wise, namely Solana and CNDL chain.

[nutildah]

There are a lot of XRP haters on this board but it has the most real world partnerships out of any chain. Now that smart contracts are being added to XRP, only a couple chains can compete with it tech wise, namely Solana and CNDL chain.

Can you name a few? What "partnerships" exactly? I'd really like to know.

[tvplus006]

XRP is a coin that has a strong foundation and capital, they have won a lawsuit that occurred 2 years ago...

No, the SEC lawsuit against Ripple is not over yet, so it's too early to talk about it. Such processes can last for years and it is this circumstance that prevents the price of XRP from updating its ATH. But if the court decides in favor of Ripple, then there is no doubt that the price of the coin will rise rapidly, even if the market is bearish.

[jseph1234]

XRP (Ripple) up 15.5% this week... why?

For years and years and years the "thesis" behind buying it was "BEcaUsE BAnkS aRE UsINg iT"

But are they really?? Who? Which ones? ...

Its only the System called RippleNet that Financial Instituions and Banks use.  They use the Ripple XCurrent Messaging system which is a competitor to SWIFT.

It is completely seperated from the Token and those financial instituitions pay to use Ripple XCurrent.  The XRP token has just been a money-grab for The company behind ripple to line their pockets from people that don't understand this.  I first read up on RippleNet  and its separation from  XRP in 2018 and found this out, nothing has changed.
https://www.mycryptopedia.com/ripplenet-and-ripple-xcurrent-explained/

[montaga]

US securities regulator moves to bar XRP holders from helping Ripple in court
https://coingeek.com/us-securities-regulator-moves-to-bar-xrp-holders-from-helping-ripple-in-court/

[inanilujimi]

XRP is a coin that has a strong foundation and capital, they have won a lawsuit that occurred 2 years ago, and this proves that the future of XRP will continue to shine, I have also invested in XRP 5 years ago and deserve to be the next 100x .

Is there a reference if it's true that xrp has won from the SEC?
Xrp really has a strong foundation and it's proven that the price continues to follow where bitcoin is going. although xrp can't be as good as doge in the 2021 bullrun, xrp continues to follow market movements even though it's still under SEC pressure. what if the problem with the SEC is resolved I'm sure the price will increase rapidly.

[bakasabo]

People still buy Ripple, because of Ripple past glory. Buyers believe that Ripple will again cost more than $3 and they can get rich quickly, they believe Ripple again will take top3 place in CMC. Some buy it just because of Ripple popularity. But from my point of view, the fate of Ripple is already known - death. Still havent replaced SWIFT, still isnt used by majority of banks, still have SEC claims, havent updated ATH when everyone else did.

[Mpamaegbu]

For years and years and years the "thesis" behind buying it was "BEcaUsE BAnkS aRE UsINg iT"

Honestly, you're spot on with that catch phrase the promoters adopted. During my early days in cryptos that expression used to perplex me because I knew the sing song here at that time was the banking sector being against cryptos. So, if banks were against cryptos how then would it be that Ripple (as it was called then) would be their darling? It was a conflict. XRP remains about the only top 10 crypto that I haven't come around to buying for the sake of hodling, at least for once. I don't like the dynamics behind it. Its supply is huge for me.