XRP is “Good-For-Nothing”

[hugeblack]

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?

No, there is no XRP Airdrop, as the Airdrop is at the beginning of the project and when the developed teams try to promote the project at the lowest cost or give the first shareholders a few profits in exchange for their interests, but XRP is a project that has lasted for many years and there are many eyes from the regulatory authorities on it and the last thing that will happen is Airdrop.

[erus]

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?

No, there is no XRP Airdrop, as the Airdrop is at the beginning of the project and when the developed teams try to promote the project at the lowest cost or give the first shareholders a few profits in exchange for their interests,

I thought there was an airdrop because I was interested in joining the airdrop if it really existed, because as far as I know, XRP is a coin that has a large market cap and the possibility of the airdrop not failing/being a scam.

but XRP is a project that has lasted for many years and there are many eyes from the regulatory authorities on it and the last thing that will happen is Airdrop.

In your opinion, if there is an airdrop from XRP, what will the XRP #DevelopmentTeam  do for the XRP airdrop rules?

[Bobcrypto]

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.

Friend, the reason XRP had a dump few years ago was because they had a lawsuit with SEC that lead to many traders and investor dumping XRP on exchanges, even some exchanges delisted XRP coin to avoid the SEC/XRP issues affecting them. Coinbase exchange was one of the exchanges that delisted XRP, though they later listed it after XRP triumph on the lawsuit. You may also check this facts properly to ascertain the XRP challenges that happened about six years ago.
On the future of XRP price and developments, I think that Ripple lab alone may not be able to overtake or compete with SWIFT business transactions because the banking sectors has dominated the SWIFT market for a long time. It will require other crypto platforms to part take in Swift transactions to reduce the banking sector dominance. Ripple lab has also been considered as a Centralized platform, making it different from the decentralized purposes or nature of cryptocurrency. As a matter of facts, many crypto enthusiast view XRP ecosystem similar to Fiat system and refused to accept XRP as cryptocurrency. This was a prolonged argument on the crypto community, though Ripple lab (XRP) uses the blockchain just like other networks.

[MrSpasybo]

Friend, the reason XRP had a dump few years ago was because they had a lawsuit with SEC that lead to many traders and investor dumping XRP on exchanges, even some exchanges delisted XRP coin to avoid the SEC/XRP issues affecting them. Coinbase exchange was one of the exchanges that delisted XRP, though they later listed it after XRP triumph on the lawsuit. You may also check this facts properly to ascertain the XRP challenges that happened about six years ago.

On the future of XRP price and developments, I think that Ripple lab alone may not be able to overtake or compete with SWIFT business transactions because the banking sectors has dominated the SWIFT market for a long time. It will require other crypto platforms to part take in Swift transactions to reduce the banking sector dominance. Ripple lab has also been considered as a Centralized platform, making it different from the decentralized purposes or nature of cryptocurrency. As a matter of facts, many crypto enthusiast view XRP ecosystem similar to Fiat system and refused to accept XRP as cryptocurrency. This was a prolonged argument on the crypto community, though Ripple lab (XRP) uses the blockchain just like other networks.

The discussions surrounding the state of the Ripple blockchain and XRP have always existed, regardless of whether Ripple is facing a lawsuit from the SEC. Those who believe in Ripple future will only focus on its potential, while those who dislike Ripple will only point out the negative aspects of decentralization or the lack of utility of XRP.

Now that Ripple has won against the SEC to protect their XRP, I think Ripple won't let XRP be forgotten in this bullrun. This will be a great opportunity for Ripple to continue pumping XRP price and making XRP a worthy asset to invest in and hold, just like in 2017.

[luckyledger]

Friend, the reason XRP had a dump few years ago was because they had a lawsuit with SEC that lead to many traders and investor dumping XRP on exchanges, even some exchanges delisted XRP coin to avoid the SEC/XRP issues affecting them. Coinbase exchange was one of the exchanges that delisted XRP, though they later listed it after XRP triumph on the lawsuit. You may also check this facts properly to ascertain the XRP challenges that happened about six years ago.

On the future of XRP price and developments, I think that Ripple lab alone may not be able to overtake or compete with SWIFT business transactions because the banking sectors has dominated the SWIFT market for a long time. It will require other crypto platforms to part take in Swift transactions to reduce the banking sector dominance. Ripple lab has also been considered as a Centralized platform, making it different from the decentralized purposes or nature of cryptocurrency. As a matter of facts, many crypto enthusiast view XRP ecosystem similar to Fiat system and refused to accept XRP as cryptocurrency. This was a prolonged argument on the crypto community, though Ripple lab (XRP) uses the blockchain just like other networks.

The discussions surrounding the state of the Ripple blockchain and XRP have always existed, regardless of whether Ripple is facing a lawsuit from the SEC. Those who believe in Ripple future will only focus on its potential, while those who dislike Ripple will only point out the negative aspects of decentralization or the lack of utility of XRP.

Now that Ripple has won against the SEC to protect their XRP, I think Ripple won't let XRP be forgotten in this bullrun. This will be a great opportunity for Ripple to continue pumping XRP price and making XRP a worthy asset to invest in and hold, just like in 2017.

I do agree.
It's everybody's choice to invest their time to make needed analysis and decide for themselves whether they would consider XRP worthy to invest or not. Many hate it, many like it, but what matters is what you personally think about it.
I wish for the innovation and all good for Ripple and XRP.

[Vx1]

I believe every crypto coin that is ranked high like XRP is useful and has benefits for anyone who holds it or trades it. However, each crypto coin has a different portion, and maybe for now the benefits we get from XRP are small. So we have to be smart in choosing and taking advantage of the current situation, if it is not potential for now we can look for other coins.

[Nheer]

I believe every crypto coin that is ranked high like XRP is useful and has benefits for anyone who holds it or trades it. However, each crypto coin has a different portion, and maybe for now the benefits we get from XRP are small. So we have to be smart in choosing and taking advantage of the current situation, if it is not potential for now we can look for other coins.

Of course XRP coin is one of the high ranked coins in crypto and no matter how badly it gets now it will definitely bounce back and will be useful in future as the market returns to normal. It will be beneficial especially when we hit the bull run we will definitely make profit from investing in them.

Investing in coins in bear season is always like this and that’s why we should be with the mindset of investing for a long time or be knowledgeable about the market and know when to invest and when to take profits when there is an increase in price.

[Vx1]

I believe every crypto coin that is ranked high like XRP is useful and has benefits for anyone who holds it or trades it. However, each crypto coin has a different portion, and maybe for now the benefits we get from XRP are small. So we have to be smart in choosing and taking advantage of the current situation, if it is not potential for now we can look for other coins.

Of course XRP coin is one of the high ranked coins in crypto and no matter how badly it gets now it will definitely bounce back and will be useful in future as the market returns to normal. It will be beneficial especially when we hit the bull run we will definitely make profit from investing in them.

Investing in coins in bear season is always like this and that’s why we should be with the mindset of investing for a long time or be knowledgeable about the market and know when to invest and when to take profits when there is an increase in price.

Many people think XRP is useless, maybe because its price movement is slow. Especially newcomers, who often compare it to coins with aggressive price movements.
But for me it doesn't matter, we buy and hold it for a long time. If in doubt, we don't need to invest in large amounts, maybe 2-3 percent of the amount of our portfolio.

[Bhigdaddyjr]

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/

Significant volatility, typified by sharp ups and downs, has accompanied XRP's voyage through the financial markets. This segment explores the past price fluctuations of XRP, offering valuable perspectives on its performance across time.
The several elements that have impacted XRP's price trajectory over time, such as institutional acceptance, legal concerns, and market sentiment, are highlighted by this historical price analysis. In the volatile world of digital assets, knowing these historical trends is essential for analysts and investors looking to the future to make well-informed predictions and investment decisions.

XRP is a prominent player in the digital asset arena, ranking as the eighth largest cryptocurrency with a strong market value of about $26.5 billion.

[vegasus]

Many people think XRP is useless, maybe because its price movement is slow. Especially newcomers, who often compare it to coins with aggressive price movements.
But for me it doesn't matter, we buy and hold it for a long time. If in doubt, we don't need to invest in large amounts, maybe 2-3 percent of the amount of our portfolio.

But it's true, the use case of XRP is not that clear, that's why the development of the project is also relatively slow compared to other coins. But still, this is one of the old coins with a fairly high market cap, there are still many investors who hold XRP, either because they are loyal to XRP or because there is no reason to sell because there is no other choice but to hold.

I myself am one of those who still continue to hold, because there is no reason to sell now, what there is is a loss if I sell now. That's why I remain loyal to holding, but really hope to be able to take profits in the next altcoin season.

[Vx1]

Many people think XRP is useless, maybe because its price movement is slow. Especially newcomers, who often compare it to coins with aggressive price movements.
But for me it doesn't matter, we buy and hold it for a long time. If in doubt, we don't need to invest in large amounts, maybe 2-3 percent of the amount of our portfolio.

But it's true, the use case of XRP is not that clear, that's why the development of the project is also relatively slow compared to other coins. But still, this is one of the old coins with a fairly high market cap, there are still many investors who hold XRP, either because they are loyal to XRP or because there is no reason to sell because there is no other choice but to hold.

I myself am one of those who still continue to hold, because there is no reason to sell now, what there is is a loss if I sell now. That's why I remain loyal to holding, but really hope to be able to take profits in the next altcoin season.

If you still have XRP, it's okay to hold it while waiting for the price to go up, if you want to buy again we have to make sure we get good motivation that may have accurate information that the price will pump. Because sometimes in this cryptocurrency there are always surprises, where coins that we don't consider suddenly go up in price.

[Stompix]

Now that Ripple has won against the SEC to protect their XRP, I think Ripple won't let XRP be forgotten in this bullrun.

Ripple hasn't won the lawsuit against the SEC, their only win was paying $125 million instead of the full fine the SEC filled and btw that is not final, the SEC just filled an appeal on it:
https://zycrypto.com/ripple-lawsuit-xrp-prices-plunges-over-10-as-sec-files-notice-of-appeal-in-case-ruling/

Either way, security or not security it's still a centralized shitcoin.

[KryptoBull]

Ripple hasn't won the lawsuit against the SEC, their only win was paying $125 million instead of the full fine the SEC filled and btw that is not final, the SEC just filled an appeal on it:
https://zycrypto.com/ripple-lawsuit-xrp-prices-plunges-over-10-as-sec-files-notice-of-appeal-in-case-ruling/

Either way, security or not security it's still a centralized shitcoin.

Ripple won in the judge's most recent ruling, but the lawsuit isn't over yet. We still don't know the specifics of SEC's appeal. If SEC is just asking for more fines, say $250 million, it wouldn't be a big deal for XRP.

SEC always has unusual behaviors: Their former chairman sued Ripple before leaving his position, and now after losing the lawsuit, a soon-to-be-ex SEC employee is filing the appeal. I think SEC will lose again if they continue accusing XRP of being a security when sold on CEXs.

[sampoerna]

Ripple won in the judge's most recent ruling, but the lawsuit isn't over yet. We still don't know the specifics of SEC's appeal. If SEC is just asking for more fines, say $250 million, it wouldn't be a big deal for XRP.

SEC always has unusual behaviors: Their former chairman sued Ripple before leaving his position, and now after losing the lawsuit, a soon-to-be-ex SEC employee is filing the appeal. I think SEC will lose again if they continue accusing XRP of being a security when sold on CEXs.

SEC is still chasing XRP, they still haven't released XRP until now. Yes, indeed even now, SEC is still investigating a number of things related to XRP that makes many issues emerge in this old coin. To be sure, the price of XRP this season has indeed fallen very drastically, even today the price is still struggling in the range of $ 0.5. Although XRP still becomes one of the top old coins, the price movement is very slow, and this is quite worrying.

Moreover, the New Comers, certainly rarely glances at this coin because it does see the pricing in the market that is really slow. Then, what will New Investors expect from this all? Because even in Bullrun we still can still predict the price of XRP will be the extent to which the increase.

[debra]

When XRP is back on track. After a long time XRO is really like shitcoins because of its inability to increase its price, even making the XRP army very worried about what happened to the XRP market so that its price dropped a lot at that time. and finally, thanks to Trump's news that was very enthusiastic about the increase in BTC prices, finally XRP did the same, it also got a significant price increase. XRP is now at $ 0.8, good for good.