Review on XRP by Rajesh Mulakkal

Name: XRP
Item: XRP
Rating: 2

January 28, 2021

XRP...Why you should sell now!!

As many of you guys i was an early buyer of XRP and i kept on doing dollar cost averaging for the past 4 years. I was happy to see that exposure XRP was getting and with the onboarding of many international banks. Again its my fault that i didn't do my research properly. What is the use case of XRP, who will be using XRP the most in the future. It will mainly be the banks and remittance companies, how is it going to help us as retail investors. The banks will be using them to transfer money between them at a much much lower cost. The fees they would be paying for these transactions would add up to pennies.
Are the banks going to charge the customers considerably less for such transactions? NO!!
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The banks do buy their XRP from Ripple direct at a much lower premium price than the market price. These XRP never hits the retail market or exchanges for the price to be appreciated so how do you think that XRP price would go up. We could argue that the price will start going up once Central banks stablecoins come into play. Once again where do you think the Central banks are going to buy their XRP from? Do you think that these banks and remittance companies are going to sell their XRP? Never, they are sitting on a golden egg that is going to make them profit and they are never going to sell it. How do you think the price is going to go higher? As of now i have sold all my XRP and hoping to see that the Spark tokens will give me something to be happy about. Even if it doesn't i wont complain since it was free.
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Pros

XRP as a transfer of value asset is great and has been helping people around the world with remittance.

Cons

XRP's association with Ripple is the biggest issue.
Centralized. XRP would be such a success if they can move away from Ripple and run as a decentralized entity.
SEC lawsuit is just the beginning. We will soon see investors suing Ripple for keeping information from them. Ripple Labs sell their XRP 20% less than the market price which is why we didn't see much of a price movement until recently. Brad knew about the lawsuit coming as early as late September 2020.