- it is explicitly (or at least formerly) not considered a currency
- it is centralized (the company can freeze accounts if it wants, create more coins, or be sued)
- it's major use case is for inter-bank transfers. So if Bank A and Bank B was to exchange currency x for y, they will use XRP in-between. But this gives no value to the currency itself, it is just used as an intermediary. Is it conceivable that Ripple the company will not have enough XRP for these internal bank transfers and they are going to have to buy them back from the public??
So it seems that XRP has no value outside its use by the company Ripple. Is anyone actually using it for commerce or any other reason? It is not considered a store of value like bitcoin (in any case one would want something decentralized.
We are sure that this is a very weighty argument in favor of buying XRP. Now it is considered the most undervalued currency of the four leaders in the cryptography market. In other words, the currency turned out to find application in the real world, but it is still very cheap.
There are several reasons why the cost of XRP is so low. First of all, now the attention of most investors, both large and small, is focused on BTC and ETH - that's why these currencies continue to grow in price.