The argument for XRP essentially comes down to “Ripple signed a bunch of deals with banks and bought some tradfi companies, and one day they will put these flows on to XRPL and XRP will pump”
There’s no history of them doing this so far, no onchain data to support this, it’s entirely conjecture. And because Ripple is privately owned, nobody knows the commercials, details, or products that are being deployed. The less Ripple says, the more the army - which is largely uneducated on modern finance and crypto - gets to speculate
Furthermore, Ripple has distanced itself from XRP, saying it’s community owned and there’s no counterparty. And yet each month, they sell hundreds of millions in XRP to presumably fund these private deals, with the assumption from holders that they will do what’s best for their bags longterm. But this assumption cannot be tested or verified, because so far they’ve yet to make good on any promise
In talking to actual XRPL devs last night, they admit that from a technology standpoint it is behind modern programmable chains, and almost nobody is using it today
Despite all of this, markets can be irrational for huge amounts of time and there’s no reason that XRP couldn’t continue to go up
I admire the holder base and their ability to believe in something for extended periods of time
All I ask is that they actually try modern blockchains like Solana, or Base, or really anything that was developed with Turing completeness and understand the difference for themselves - never let someone else tell you what to believe
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