I agree that XRP is not a cryptocurrency and it is more like a digital fiat currency. Ripple which is the company who created it made all of the supply pre-mined meaning it is not mine able and controls the issue of new supply that will be added to circulation every month, although it uses blockchain technology, cryptocurrency should also be a decentralized currency and Ripple failed to do that. Too bad for Ripple long term investors the price went down because of this. If SEC will skip Ripple from the regulation then expect continues drop in price.