Anyone into XRP?

[Matt Collins]

I've owned some for a couple of years. Anyone else?

 

[pmbug]

I bought a tiny bit a few months ago. It's on a bit of a run right now as expectations are rising that the SEC lawsuit is going to be dropped. I'm a bit conflicted about XRP though. They are really trying to ingratiate themselves with banking authorities to build/enable a CBDC.

Separately, I have to wonder how XRPs tech measures up (scalability, security, decentralization, etc.) against newer systems like SUI and EGLD.

 

[fisharmor]

Yes. Less now that it executed a limit order I put in like 2 years ago. I'm waiting for the current run to go down so I can get back in.

 

[pmbug]

https://x.com/RippleXrpie/status/1863553221395976647

 

[pmbug]

...
“The latest spike in whale-to-exchange activity coincides with XRP reaching a local price of around $2.3. This could indicate whales preparing for potential profit-taking or increased market activity,” Woominkyu added.
...

https://www.coindesk.com/markets/20...-whale-activity-as-7-day-price-gains-near-100

XRP whales have been bag holders for years as the SEC lawsuits against Ripple (XRP) have dragged on and on (and kept XRP locked in the doldrums). I'm quite sure there are many of them eager to finally exit their positions in spite of the ultra bullish nonsense they spout on X.

 

[pmbug]

https://x.com/Justin_Bons/status/1863629748846440820

Full thread:

https://threadreaderapp.com/thread/1863629746744988152.html

 

[dannno]

I bought a little bit about 12 years ago as a hedge against btc.

Looks like btc did just fine, but XRP is looking pretty good as well. It's owned and controlled by a private company, which is risky compared to the decentralized model. But it looks like they might do some good things.

 

[Matt Collins]

I'm under no delusions that they are a freedom/liberty outfit. In fact I'm actually hoping that IF we get a CBDC that XRP is the backbone of it ;-)

 

[pmbug]

SEC ends it's lawsuit against Ripple. The SEC's "all cryptos are securities" argument dies on the vine.