XRP is doomed...

[WeedGoW]

Chris Larsen donated more than $1m to Kamala Harris' political campaign in XRP lately. However, the Democratic US presidential candidate lost against Republican contender Donald Trump. Considering Kamala's "embarrassing" loss, does this mean XRP lost too? After all, XRP was donated to her political campaign. Trump expressed his rejection of a US CBDC, so a centralized coin like XRP will be heavily-scrutinized in the upcoming administration.

I think a huge "dump" awaits for XRP soon. Don't you agree? 

It’s great to read this important post because political changes sometimes affect the market and specific assets, but the future of XRP will not only be determined by political side. I think that if the XRP original investors suddenly sell huge amount of XRP, then the fears may be the condition, but if Ripple has a lot of its own storage, they usually don’t hoot and drop in the market by step by step. But political change in this coin can cause some pressure, but there is much less chance that it will be destroyed directly. If good relations with the US administration are also developed, then this XRP can return to new forms and have many major effects on the market.

[Abiky]

It’s great to read this important post because political changes sometimes affect the market and specific assets, but the future of XRP will not only be determined by political side. I think that if the XRP original investors suddenly sell huge amount of XRP, then the fears may be the condition, but if Ripple has a lot of its own storage, they usually don’t hoot and drop in the market by step by step. But political change in this coin can cause some pressure, but there is much less chance that it will be destroyed directly. If good relations with the US administration are also developed, then this XRP can return to new forms and have many major effects on the market.

How so? XRP is centralized. So political changes will affect it one way or another. Not like Bitcoin or similar cryptocurrencies that are decentralized. They don't depend on politics to survive. Of course, a friendly regulatory environment for crypto will help accelerate the growth of decentralized coins. If it's the contrary, growth will slow down but that won't mean the end for decentralized cryptocurrencies.

Ripple is too tied with XRP (single point of failure) so it can be shut down easily by the government. A harsh regulatory environment will mark the end for this centralized "shitcoin" for good. I know many think XRP is a quality coin because of the profits they make with it. "Veterans" like myself know there's more to crypto than just making money (usability). Hopefully, people get to understand this before it's too late.

[mich]

Well now there is some good news for investors that does hodl XRP.  And now it is up more then 5 percent in only last 24 hours because of it.
Ripple and the SEC did now agree to a settlement for $50 Million. Ripple is price at $2.30 and now we maybe will see big gains to $3.
https://www.fxstreet.com/cryptocurrencies/news/ripple-price-forecast-3-xrp-breakout-looms-after-50m-sec-settlement-202505090430

[James00009]

XRP is about to make lots of XRP holders rich

[mich]

Well now xrp has passed marketcap of $150 Billion. And it up up more then 20 percent only in the last 7 days.
WE still do have along time to go back to all time high of $3.84 from 2018. But I am still hodling my xyp tokens and do think I will make some of my gains back again.
https://www.tradingview.com/news/newsbtc:d15416bee094b:0-xrp-price-on-a-steady-climb-bullish-sentiment-grows-stronger/

[JamesDaniel90]

Well now xrp has passed marketcap of $150 Billion. And it up up more then 20 percent only in the last 7 days.
WE still do have along time to go back to all time high of $3.84 from 2018. But I am still hodling my xyp tokens and do think I will make some of my gains back again.
https://www.tradingview.com/news/newsbtc:d15416bee094b:0-xrp-price-on-a-steady-climb-bullish-sentiment-grows-stronger/

XRP will see at least $6 this year, that would be over a 11x return from the price it was just 6 months ago. Many are saying it can even hit $10 which is possible too.

Congratulations to all the holders who did not listen to most saying it was doomed and stuck to their belief with it.

It will not take long to shoot past that $3.84 all time high once the next big pump comes like we saw end of 2024.

[gunhell16]

For those who have been believing and saving XRP for a long time, obviously now they are obtaining profit already, and if they still want to continue holding, I think they will continue to believe in holding XRP. Maybe more people are doing this now in their wallet addresses.

And for me, I will still stand by my belief that I will not hold XRP, maybe I can still do a futures trade here in XRP because I see it as more profitable things than holding it,
as long as of course those who are going to try what I do, just make sure that they can get a profit and deal with the profit losses that they can also experience.
As long as their knowledge of trading is not lost

[JamesDaniel90]

For those who have been believing and saving XRP for a long time, obviously now they are obtaining profit already, and if they still want to continue holding, I think they will continue to believe in holding XRP. Maybe more people are doing this now in their wallet addresses.

And for me, I will still stand by my belief that I will not hold XRP, maybe I can still do a futures trade here in XRP because I see it as more profitable things than holding it,
as long as of course those who are going to try what I do, just make sure that they can get a profit and deal with the profit losses that they can also experience.
As long as their knowledge of trading is not lost

The time to get in XRP was when it was below $.50 last year - not really worth it now at $2.60 as returns are now limited.

It could still 3x from current price for those buying now, but if that happens then that will mean a 15x for those of us who got in at $.50 which is a big difference.

[mich]

Well today is the day The Chicago Mercantile Exchange (CME) Group is going to launch XRP futures. It will launch  XRP futures and Micro XRP futures contracts to trade on CME Globex.
For 1 XRP future contract it will be 50,000 XRP tokens. That is $116,000 for that future contract. Ant the Micro XRP futures will be 2,500 XRP tokens. That is $5800 for it. 
I do think it is 'bullish' news for XRP hodlers. And I do think we will see some big gains in today from that.
https://cryptobriefing.com/cme-launch-xrp-futures/

[Abiky]

For those who have been believing and saving XRP for a long time, obviously now they are obtaining profit already, and if they still want to continue holding, I think they will continue to believe in holding XRP. Maybe more people are doing this now in their wallet addresses.

And for me, I will still stand by my belief that I will not hold XRP, maybe I can still do a futures trade here in XRP because I see it as more profitable things than holding it,
as long as of course those who are going to try what I do, just make sure that they can get a profit and deal with the profit losses that they can also experience.
As long as their knowledge of trading is not lost

Crypto was never about making profits. It was meant to bring "banking to the unbanked" and replace the middleman over the long term. But now everyone considers crypto as a "get rich quick" scheme. XRP is certainly making a lot of its "hodlers" wealthy. But for what use? Eventually, XRP will shutdown or experience a prolonged network outage because of the way it was designed (centralization). Where will that leave XRP "hodlers"? Alone, left in the dust, holding a bag of worthless coins.

XRP's doom is certain. Only truly-decentralized cryptocurrencies will survive in long run. I've read Stellar (XLM) is a much better alternative to XRP. It's decentralized, cheap, fast, and utterly-inexpensive. I sure hope it overtakes XRP in market cap soon. In crypto land, anything's possible. Right?

[JamesDaniel90]

For those who have been believing and saving XRP for a long time, obviously now they are obtaining profit already, and if they still want to continue holding, I think they will continue to believe in holding XRP. Maybe more people are doing this now in their wallet addresses.

And for me, I will still stand by my belief that I will not hold XRP, maybe I can still do a futures trade here in XRP because I see it as more profitable things than holding it,
as long as of course those who are going to try what I do, just make sure that they can get a profit and deal with the profit losses that they can also experience.
As long as their knowledge of trading is not lost

Crypto was never about making profits. It was meant to bring "banking to the unbanked" and replace the middleman over the long term. But now everyone considers crypto as a "get rich quick" scheme. XRP is certainly making a lot of its "hodlers" wealthy. But for what use? Eventually, XRP will shutdown or experience a prolonged network outage because of the way it was designed (centralization). Where will that leave XRP "hodlers"? Alone, left in the dust, holding a bag of worthless coins.

XRP's doom is certain. Only truly-decentralized cryptocurrencies will survive in long run. I've read Stellar (XLM) is a much better alternative to XRP. It's decentralized, cheap, fast, and utterly-inexpensive. I sure hope it overtakes XRP in market cap soon. In crypto land, anything's possible. Right?

Crypto is now about making money, that's all I care about anyway. I dont expect quick money, but expect to make it.

When XRP goes to $5 later this year, that's a 10x for me and that will do fine. I am not sure how long XRP will be around for, but it still has many years left at least.

[ioseta]

XRP is pretty much useless but it's not about some political propaganda.
XRP is heavily centralized coin and doomed since start.

[woez]

XRP is about to make lots of XRP holders rich

The big question is when will that happen??

Of course all crypto assets have their own value and potential and on the other hand related to the many issues from experts or as we read on social media who are always pom pom and predicting XRP will go to the moon I personally think that it's normal but if later many countries have used it as an alternative/utility, be it exchange or so on and it is legal in the country then it will be real. For now maybe fomo is just in my imagination that it will explode soon. the point is we just make it relevant for now not with many hopes.

[JamesDaniel90]

XRP is pretty much useless but it's not about some political propaganda.
XRP is heavily centralized coin and doomed since start.

What do you mean by doomed? It went from $.50 to $3.30 in 6 weeks earlier this year and is currently stable at $2.34 waiting for the next leg up past its all time high.

Many think it will hit $10 later this year, I'm not sure if it will but I expect at least $5.

[JamesDaniel90]

XRP is about to make lots of XRP holders rich

The big question is when will that happen??

Of course all crypto assets have their own value and potential and on the other hand related to the many issues from experts or as we read on social media who are always pom pom and predicting XRP will go to the moon I personally think that it's normal but if later many countries have used it as an alternative/utility, be it exchange or so on and it is legal in the country then it will be real. For now maybe fomo is just in my imagination that it will explode soon. the point is we just make it relevant for now not with many hopes.

No one knows for sure when, all I am doing is holding and waiting patiently.

I don't believe all these crazy predictions of XRP hitting $100 or more, but $10-15 is possible this year and that may not sound like a lot from current price but those of us who got below $1, that would be great return.

[kotajikikox]

XRP is about to make lots of XRP holders rich

The big question is when will that happen??

Well XRP already did come up in price a few months ago. It did not reach a new ath but considering that a lot of its investors kept holding from a low price, I am sure they have made some significant profit already that I hope they were able to get out in time.

Of course all crypto assets have their own value and potential and on the other hand related to the many issues from experts or as we read on social media who are always pom pom and predicting XRP will go to the moon I personally think that it's normal but if later many countries have used it as an alternative/utility, be it exchange or so on and it is legal in the country then it will be real. For now maybe fomo is just in my imagination that it will explode soon. the point is we just make it relevant for now not with many hopes.

I do notice that more and more countries are including xrp into their integration of crypto and I do not know if it is because it is one of the top altcoins now but probably that is the biggest reason. Do we expect the government to be making research and taking any more risks by investing in an altcoin that is new and has less guarantee of succeeding?

[Abiky]

XRP is pretty much useless but it's not about some political propaganda.
XRP is heavily centralized coin and doomed since start.

Exactly. That's why it's the preferred "crypto" of choice by banks. Who knows? Maybe XRP will replace SWIFT and become the "One World Currency" many were talking about. CBDCs and stablecoins will become a thing of the past, as XRP takes over the existing financial system. It will be good for banks and governments. But bad for average individuals like you and me.

There's a reason why Bitcoin is the "People's Crypto". And that's because it's the most decentralized and censorship-resistant monetary system ever built. Making money alone is nothing if you don't "own" what you earn. Considering that XRP still lack real uses cases, I'd consider it to be already doomed to failure. Just you wait and see...

[JamesDaniel90]

XRP is pretty much useless but it's not about some political propaganda.
XRP is heavily centralized coin and doomed since start.

Exactly. That's why it's the preferred "crypto" of choice by banks. Who knows? Maybe XRP will replace SWIFT and become the "One World Currency" many were talking about. CBDCs and stablecoins will become a thing of the past, as XRP takes over the existing financial system. It will be good for banks and governments. But bad for average individuals like you and me.

There's a reason why Bitcoin is the "People's Crypto". And that's because it's the most decentralized and censorship-resistant monetary system ever built. Making money alone is nothing if you don't "own" what you earn. Considering that XRP still lack real uses cases, I'd consider it to be already doomed to failure. Just you wait and see...

Be honest , considering you started this thread saying XRP is doomed only for it to then increase by over 500% 8 weeks later.

Are you surprised by how well it has performed last 6 months?

[mich]

Well now there is some 'bullish' news for investors that do hodl xrp tokens. Dubai now has a $16 Billion real estate tokenization platform on xrp Ledger.
It will make property title deeds digital and make more liquid in real estate market. They do think tokenized real estate can be for 7 percent of all the property transactions in Dubai.
https://cryptoslate.com/dubai-chooses-xrp-ledger-to-power-new-real-estate-tokenization-initative/