XRP is “Good-For-Nothing”

[hugeblack]

I used a Forbes magazine quote about XRP and Ripple Labs. Although the value exceeded $36 billion, XRP turned into a zombie project that over the past years has not been able to achieve significant progress. They are still far from competing with SWIFT, and there are still problems in processing transactions such as USDT or any stable pairs. What do you think of the future direction of XRP in terms of development and price?

Forbes claimed Ripple’s leadership engineered 100 billion XRP tokens and sold $1.4 billion worth to the public to finance their grand ambition.


In parallel, the report pointed out the popular expectation that Ripple will surpass SWIFT, which processes $5 trillion in interbank transfers daily.


Meanwhile, Forbes pundits asserted that more than a decade later, this expectation is far from reality. Moreover, they highlighted that after over a decade in existence, Ripple is still only running pilot crypto programs with central banks in places like Georgia and the Republic of Palau.


source --------> https://thecryptobasic.com/2024/06/08/forbes-brands-xrp-as-good-for-nothing-zombie-crypto/

[Crwth]

I don't think there would be much future currently with them. I always remember the time they are dumping on investors with their tokens significantly and it's really disappointing for me. It's like believing in something but at the back of everything that has happened, it's always going to be a downturn.

Like you said "Good-For-Nothing". Maybe for trading, it's helpful.

[hugeblack]

I don't think there would be much future currently with them. I always remember the time they are dumping on investors with their tokens significantly and it's really disappointing for me. It's like believing in something but at the back of everything that has happened, it's always going to be a downturn.

Like you said "Good-For-Nothing". Maybe for trading, it's helpful.

I used to buy XRP because of the cheap transaction and withdrawal fees, but this option has become available to many altcoins.
The second time I bought XRP was when there was speculation that they would win the SEC case^[1] and I sold them after the price rose. Other than that, I don't see them having an impact except in terms of market capacity, which is a misleading measure.


[1] https://cryptopotato.com/ripple-v-sec-lawsuit-recap-the-developments-after-the-trials-start/#:~:text=The%20infamous%20legal%20battle%20between,securities%20offering%20by%20selling%20XRP.

[MrSpasybo]

I used to buy XRP because of the cheap transaction and withdrawal fees, but this option has become available to many altcoins.
The second time I bought XRP was when there was speculation that they would win the SEC case^[1] and I sold them after the price rose. Other than that, I don't see them having an impact except in terms of market capacity, which is a misleading measure.

Ripple's technology has the potential to replace traditional payment technologies. However, the limitations are that crypto is not yet widely accepted and Ripple tokenomics is not yet truly effective in creating additional value for XRP. I do not doubt Ripple's technology and price manipulation capabilities, I am just worried that XRP will be forgotten because it failed to create a new ATH in the bullrun 2021.

I also hold XRP and am hopeful for its growth opportunities in this bullrun as the accumulation has been going on for many years from 2018 to now due to the negative impact of the lawsuit with the SEC. Ripple's win did not create the XRP price pump I thought it would, perhaps Ripple needs a new marketing strategy to help XRP get back into the price race.

[NikeFit_7777]

Honestly? They'd have to settle the court cases first, only then we can talk about the future. At least that's my understanding. Yes, it is possible to buy for short-term speculation, but if we are talking about the long term, it is up to each individual to decide.

P.S. For me, xrp is not an asset I'm willing to hold a large amount of funds in. By no means, I am not trying to impose my point of view. Analyze + make decisions only on your own. 

[Stompix]

What do you think of the future direction of XRP in terms of development and price?

Development? Zero!
Adoption? Zero!
Price? ETHclassic which was 7 times 51% attacked is still of some value, BSV is still not going to zero, Luna is at $0.4, if Bitconnect had a chain probably it would still be a few cents so god knows!

Ripple is still only running pilot crypto programs with central banks in places like Georgia and the Republic of Palau.

Palau has no central bank, it has only a national development bank.

[JoyMarsha]

I don't think there would be much future currently with them. I always remember the time they are dumping on investors with their tokens significantly and it's really disappointing for me. It's like believing in something but at the back of everything that has happened, it's always going to be a downturn.

Like you said "Good-For-Nothing". Maybe for trading, it's helpful.

I used to buy XRP because of the cheap transaction and withdrawal fees, but this option has become available to many altcoins.
The second time I bought XRP was when there was speculation that they would win the SEC case^[1] and I sold them after the price rose. Other than that, I don't see them having an impact except in terms of market capacity, which is a misleading measure.


[1] https://cryptopotato.com/ripple-v-sec-lawsuit-recap-the-developments-after-the-trials-start/#:~:text=The%20infamous%20legal%20battle%20between,securities%20offering%20by%20selling%20XRP.

I miss the opportunity of not investing in XRP during the SEC case. I am blaming my friend for it because she discouraged not investing in XRP. After all, she just thought they wouldn't win the case. When they won the case and the XRP price rose, I was heavily bittered. Thinking of buying XRP any other since then, I find no need to do so since there are other potential altcoins.

[hugeblack]

I miss the opportunity of not investing in XRP during the SEC case. I am blaming my friend for it because she discouraged not investing in XRP. After all, she just thought they wouldn't win the case. When they won the case and the XRP price rose, I was heavily bittered. Thinking of buying XRP any other since then, I find no need to do so since there are other potential altcoins.

The profits were not crazy and the bet on the success of the SEC case was low, so I liked to take risks, just as happened with LUNA before the big collapse. It is a stroke of luck and an investment of small amounts ($100 to $300), but it is certainly rare to find someone who achieved a large gain from the rises after the SEC case.

[bitterguy28]

I am just worried that XRP will be forgotten because it failed to create a new ATH in the bullrun 2021.

i think despite reaching its ath a few years ago and not being able to hit a new one but still being one of the most commonly used and talked about crypto is a good thing i am personally hopeful to what it can achieve in this cycle even without reaching a new ath it is still very useful in daily transactions so i am pretty confident there will always be investors and users of xrp

[Jating]

I don't think there would be much future currently with them. I always remember the time they are dumping on investors with their tokens significantly and it's really disappointing for me. It's like believing in something but at the back of everything that has happened, it's always going to be a downturn.

Like you said "Good-For-Nothing". Maybe for trading, it's helpful.

I used to buy XRP because of the cheap transaction and withdrawal fees, but this option has become available to many altcoins.
The second time I bought XRP was when there was speculation that they would win the SEC case^[1] and I sold them after the price rose. Other than that, I don't see them having an impact except in terms of market capacity, which is a misleading measure.


[1] https://cryptopotato.com/ripple-v-sec-lawsuit-recap-the-developments-after-the-trials-start/#:~:text=The%20infamous%20legal%20battle%20between,securities%20offering%20by%20selling%20XRP.

Way back 2018, yeah, I will say that XRP is good as it is just forming. Makes good money to me, and it was really quick, and coming from Bitcoin, who need confirmation to be able to see it in your wallet. XRP was different as it is almost instant and I do really was in awe that time. However, just like you, with the emergence of better altcoins I move away from XRP.

And then the lawsuit itself, I know someone who invested back then because he also believed that if XRP is going to win their case, then it will be a massive uptick in price, but it didn't happen unfortunately.

[MUGNIA]

I used to love XRP after they had problems with the SEC for a long time I held XRP in my wallet, after that there was an airdrop on the XRP network I participated and when XRP experienced an increase in price I released all my XRP, I was satisfied waiting for the right time to sell it, for Currently, even though there is talk of an XRP sports ETF, I will not participate in supporting it

[Manna]

I used a Forbes magazine quote about XRP and Ripple Labs. Although the value exceeded $36 billion, XRP turned into a zombie project that over the past years has not been able to achieve significant progress. They are still far from competing with SWIFT, and there are still problems in processing transactions such as USDT or any stable pairs. What do you think of the future direction of XRP in terms of development and price?

Forbes claimed Ripple’s leadership engineered 100 billion XRP tokens and sold $1.4 billion worth to the public to finance their grand ambition.


In parallel, the report pointed out the popular expectation that Ripple will surpass SWIFT, which processes $5 trillion in interbank transfers daily.


Meanwhile, Forbes pundits asserted that more than a decade later, this expectation is far from reality. Moreover, they highlighted that after over a decade in existence, Ripple is still only running pilot crypto programs with central banks in places like Georgia and the Republic of Palau.


source --------> https://thecryptobasic.com/2024/06/08/forbes-brands-xrp-as-good-for-nothing-zombie-crypto/

True
You may want to say that XRP is suitable for certain purposes or uses.  XRP is primarily designed to speed up digital money transmission and transactions, especially international transactions.  This can be a viable solution for the banking sector and other financial institutions.  While the price may remain stable for some time, XRP's practical areas and technology are still valuable.

[TomPluz]

I used to love XRP after they had problems with the SEC for a long time I held XRP in my wallet, after that there was an airdrop on the XRP network I participated and when XRP experienced an increase in price I released all my XRP, I was satisfied waiting for the right time to sell it, for Currently, even though there is talk of an XRP sports ETF, I will not participate in supporting it

Just like you, I am not seeing a very bright future ahead for XRP and Ripple. Even after the case it had with SEC was settled, it showed no excitement and its price did not soar as expected. There is a big problem with XRP and maybe the people behind it are not anymore in touch with the realities happening in the market. Expectations on the development side seems to be unfulfilled for now and its many solid supporters are not anymore at board and can be leaving XRP soon. Still, I am hoping that I can be wrong and that there can be a big miracle waiting for XRP in 2025.

[MrSpasybo]

i think despite reaching its ath a few years ago and not being able to hit a new one but still being one of the most commonly used and talked about crypto is a good thing i am personally hopeful to what it can achieve in this cycle even without reaching a new ath it is still very useful in daily transactions so i am pretty confident there will always be investors and users of xrp

I'm not so sure about this because the community is talking about Solana, Ton, Base... instead of Ripple. XRP investors were very disappointed with XRP price performance in the bullrun 2021, many are still at a loss and have developed a dislike for XRP. These things could hinder XRP price increase in this bullrun.

The only thing that makes me believe in putting expectations on XRP future is Ripple professionalism and experience. I think they won't let XRP token suffer or continue to be forgotten in the bullrun 2025. A large part of Ripple revenue comes from selling XRP, so I believe they will do everything they can to pump XRP price soon.

[erus]

I used to love XRP after they had problems with the SEC for a long time I held XRP in my wallet, after that there was an airdrop on the XRP network I participated and when XRP experienced an increase in price I released all my XRP, I was satisfied waiting for the right time to sell it,
~snip~

Airdrop from XRP is it true? I don't think I've ever heard of it. Seeing the large supply of XRP coins, it seems that the Airdrop is also cheap, right? Or is the value of the airdrop more than $ 50 for one person who joins?

With your statement like that, does that mean that XRP is not a "Good-For-Nothing" type of coin as OP wrote, right?