Whatever you guys do, don't short XRP. I got burnt last year on the run up over $3.
I figured this coin was originally less than a penny and no way it was going to hold $1 and then later on holding $2 was proved wrong.
Even if you trade on small margin and leverage the lending fees will get you. I think yesterday you could of bet 0.50% per day by lending XRP.
Trading XRP is truly gambling and you have to either know what you are doing, or be mentally prepared for the big risk/big reward. The actual token is worthless (I guess you could say that about any crypto really though) but it is cheap and swings wildly. I wish last year I would have bought it when it was a few cents. I knew nothing about it but saw that it was very high up on coinmarketcap and extremely inexpensive. Basically thought if I bought $100 worth i could make $1000 if for some rare chance it skyrocketed. Could've, would've, should've.... Since then its gone up and down and I find myself still thinking the same thing. I just can't bring myself to buy into it though, I think sooner or later someone will be holding the bag with this coin.
Yes I agree with you, its a very dangerious coin to hold if you bought it at the wrong time.
However keep in mind this is a coin that went from like half a penny to over $3 in about a year. So about 600x gain or so. It was the most profitable coin of 2017 actually.
There are also big names that hold this coin when we saw that CNBC show where they were teaching people "How to buy XRP on Poloniex" near the top.