Why are people still buying XRP?

[nutildah]

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Its tech has to be really outdated by this point. It was always centralized and lacked poor distribution.

Anyone here buying XRP or even holding it? Am really curious as to know why.

[yazher]

For me, I am only using XRP for some reason like choosing it before I send my funds to our local wallet because of the low transaction fees and also one of the fastest transactions you could ever have especially when you tried the other altcoins in their congestion moments where the transactions stuck for hours and sometimes days before sent success. I don't think this reason why the price is increasing maybe there is some more valid reason for it to increase these days, maybe people are just preparing for bull runs which when the price of BTC will drastically increase, the price of XRP is increase as well. In other words, they prefer XRP to bitcoins because of the more profits it can bring.

[dansus021]

yeah the article always said that institutions use it as settlement or so but after the xrp got a problem with SEC I no longer touch it unless I only trade on futures to make little bit profit.

and as you can see the XRP still at the top 10 CryptoMarketCap so people might still believe about it

[Jawhead999]

The price surge for 15% isn't because people are only looking to buy XRP, but the market is bullish and that's make people to buy cheap coins since they think if they bought cheap coins, when the price change for $1 only, they will so much money. Unlike BTC or ETH that people think when the price increase $1000, it's only up for few % and the profit wouldn't satisfy them.

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

[icalical]

Though not as massive as other coins, XRP has already got many adoption, so some people actually use it for payment, moreover the fee of XRP is very low. And thus make some other people speculatively buying XRP, even though I believe XRP is not that good investment. I would prefer other altcoin like Litecoin, if considering the low fee.

[Bitstar_coin]

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Its tech has to be really outdated by this point. It was always centralized and lacked poor distribution.

Anyone here buying XRP or even holding it? Am really curious as to know why.

This is one coin among the top 100 coins on cmc that i don't take a glance at, i don't know why but i just don't pay attention to it or try to. Who knows why people buy what they buy, you would think after all the lawsuit saga many people will lost interest in it, but instead people keep buying to support the project.
I think xrp is just basking on past glory, the so heavily discussed banking system being the main backbone of the project is definitely one of it, some people still hold on to that info about xrp and bank but till now we have not actually seen which of the bank(S) are in connection with the project and have express their connection with the project.

[m2017]

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 tech has to be really outdated by this point. It was always centralized and lacked poor distribution.

Anyone here buying XRP or even holding it? Am really curious as to know why.

During the hype of 2017, I succumbed to this phenomenon and also bought xrp. Quite a bit, like a few hundred coins. At that moment, I knew absolutely nothing about all the shortcomings of the xrp, and in general, my knowledge of the cryptocurrency was also extremely superficial. My choice in favor of xrp was due to the fact that the project "has potential" or something like that, as such shitcoins are usually praised. Now, this all seems very naive to me and I would never buy a xrp.

I have no idea why the xrp price has risen this week. One thing is clear to me, it means that someone has shown interest in this coin and is buying. The reasons for their behavior are not clear to me, for I am not one of them. And I wouldn't want to be one of them.

[shinratensei_]

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

Speculating the price and trend.

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


But are they really?? Who? Which ones?

For the profit and that thesis didn't matter again. Money is everything right now. The fact is crypto was actually centralized except bitcoin and doge coin.

Its tech has to be really outdated by this point. It was always centralized and lacked poor distribution.

Anyone here buying XRP or even holding it? Am really curious as to know why.

[/quote]The tech doesn't matter but the airdrop that was regularly happening for XRP holders pushing people to bought this. Im also holding it now and i have received airdrop worths a few thousands dollars from holding it.   I don't like the project but i only care about profit by speculating it.  

[Anonylz]

Among other things i think mainly because xrp has a way of recovering quickly more than others, people are making quick profit out of it, beside btc and probably eth, no other project is about the tech, profit is all what drive investors into buying a particular project, xrp has a lot of hype around it and still does and the majority of investors are into hype and profit than tech.

[Reid]

I don't know if you call this buying but I just sell other coins for it and then send XRP to a local then exchange again for USD.
It's more like a bridge because of the low transaction fees but I am not holding. I quickly sell it again for something else right after I receive it.
It doesn't even take 5 minutes being an XRP.   I haven't got a clue if that helps with the demands to increase in value but I know many does the same thing.

[posi]

Among other things i think mainly because xrp has a way of recovering quickly more than others, people are making quick profit out of it, beside btc and probably eth, no other project is about the tech, profit is all what drive investors into buying a particular project, xrp has a lot of hype around it and still does and the majority of investors are into hype and profit than tech.

The hype surrounding xrp is almost gone, after the lawsuit with the SEC I hardly see anything attractive about xrp anymore, xrp has long been out of my portfolio.

People still use them probably because their transaction fees are cheaper than other coins. In the same way, even though I don't hold doge, I always use doge as a means of payment for my clients because doge's transaction fees are also cheap and transactions are fast.

[o48o]

.... but the market is bullish and that's make people to buy cheap coins since they think if they bought cheap coins, when the price change for $1 only, they will so much money.

Dude, xrp is 7th in marketcap, it's far from cheap. In case you don't know how that valuation works it's supply*coin value. But sure, there are people buying shiba inu as well because they don't understand how the value is compared to other coins/topken.

[fzkto]

I think XRP has a good future. There is a reason why it is at the top of coinmarketcap. I think that once the SEC case is heard by the court and the story is successfully resolved, we will see a good pump for XRP. Especially since the price is at the bottom like all other coins right now.

[cryptoaddictchie]

Using xrp only for convenience on my trades such as low fee and supported to the app Im using. But I am quite agree with you, this is literally a shitcoin with massive investors aka (Ripple foundation) that could devastated those retailers everytime they got a massive pump. Its quite obvious they are using crypto decentralized aspect as escape goat to their pump and dump and money grabbing.

[Xal0lex]

XRP has been through so much lately. I still wonder how it kept its place in TOP-10, although the story with mass delisting of the coin from various exchanges should have buried this asset, but it did not happen. Since then I didn't see any strong progress in XRP, even in 2021 XRP didn't show anything new, continuing to stomp in the same place. In my opinion, this asset is no longer suitable for a long-term holding.

[TomArayaSlaya]

xrp is in court and most people believe it will win its case and comes back stronger and better and maybe kick some coins ass and overtake them but personally I think the oudated issue you mentioned worries me a little My thoughts are how is it going to keep up with all the smart contact portion in other project interchains and so many other things

[Hypnosis00]

Anyone here buying XRP or even holding it? Am really curious as to know why.

I'd tried before but I'd just noticed it never help to grow my portfolio, I'd waited for so long to gain a profit that is why I decided to stop. As I was disregarding XRP for investment, however, I'm still using this for my withdrawal transaction to save some cost because of its small fee compared to BTC and ETH.

I really don't find a reason for its pump but likely there are huge buys that happen in them, probably whales.

[sheenshane]

Firstly, welcome back I did see you lately OP.

XRP has still an advantage that some of us use XRP not only on investment but the true utility of this coin, I mean it uses for payment system.
Here is my summary of the pros of this coin.

• Fast settlement of transaction, like 5-10 seconds, your transaction was done.
• A very low fee per transaction which is very cheap.
• Ripple network not only process XRP but it's also processed fiat transaction.

Ripple and SEC have been fighting for years and it seems Ripple has always been in favor.  If you believe that Ripple will win against the SEC and continue taking over as good in a payment system, then it's worth investing XRP with the amount that you can afford to lose or buying XRP for the purpose of the payment system since it has very low fees.

[GreatArkansas]

Over the years, there are always issue with Ripple (XRP). For me, these recent pumps and dumps on XRP are caused by manipulation.
I don't trust Ripple, especially with the issue they had with some lawsuits.
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.

[Ahli38]

I also buy XRP only for my daily trading or for short term investment. because after all the trading volume of XRP is very easy to analyze so for day traders like me it is still a good land to make profits in XRP trading.

but in fact I myself do not dare to hold XRP for the long term. So I became curious about the people who hold it for the long term. is there a specific reason that I don't know. so lately even XRP is showing a fairly stable and measurable increase. shows the level of buying continues to increase slowly and the holding back is also increasing slowly.

although I've actually read pretty good stuff about XRP too. but I'm not sure.
I will quote a little here from the source directly. and please read in full from the sources I listed

An eight-year dumping spree has come to a long-overdue end.

Just days ago, on-chain data showed that Jed McCaleb’s wallet held around 2.77 million XRP tokens. However, his ‘tacostand’ wallet currently shows just 46.7 XRP worth circa $20 left.

The former founder of Ripple sent out his final transfer of 1.1 million XRP, worth $394,742.18, at 6:31 AM UTC on Sunday, according to blockchain explorer XRP Scan.

Sourch Link : https://zycrypto.com/jed-mccaleb-finally-offloads-9-billion-xrp-stash-xrp-on-cusp-of-monster-bull-run/