Post
Topic
Board Altcoin Discussion
Re: XRP is doomed...
by
JamesDaniel90
on 17/01/2025, 14:05:57 UTC
Wasn't it a big deal when XRP reached $1 a while ago? Or was I remembering incorrectly?

I am pretty sure that $1 is Dogecoin's psychological resistance level, so if all this uptrend is happening as a result of Gary Gensler's ousting, then... wow.

Well anyway I can see that as these reserve bills begin to take shape, various alts will go up even more.

Again, XRP is full of hype. It was expected prices would go up after Gary Gensler's resignation. But that doesn't mean, the coin is worth the investment. You have to consider what real use cases XRP has compared to the rest of the pack. And so far, it has none. Yes, Ripple now has its own stablecoin. But is it as good as Tether or USD Coin? I doubt it. These two stablecoins alone dominate the market by a large margin.

Without merchants and/or businesses accepting RLUSD as payment method, the coin becomes nothing but a speculative investment. Same as XRP. When banks ditch SWIFT in favor of the XRP Ledger, that'll be the day XRP's future will be certain. Otherwise, it'll lose traction faster than you could imagine. Why do you think BTC, and ETH are still at the top? Cheesy

It’s not really worth the investment now at all time high is it.

The time to buy was below $0.50 and it was below that price for years , even up to a few months ago.

Hype pays, it has gone up almost 600% in 2 months since you started this thread and those of us who believed in it are being rewarded.