XRP

Psykotixx

It's not though. Have you used the XRPL? It's fantastic. Price action has been bad, sure. But it's held the top 10 despite everything being thrown at it. It's actually insane that the SEC didn't put it down more. XRP is resilient af. And a lot of development activity has clearly been happening. Instituional interest has clearly been renewed over the past few months. Once that case wraps up completely I think this sub is going to look like a salt mine.

GranPino

Better leverage is using a margin account and short a basket of zombie projects. For example. You put 1000 in the account, you invest 2000 long in your favorite coins (at least 3 of them to avoid being easily liquidated) and short 1000 in zombie projects like XRP, ADA, EOS, MANA, IOTA. better in several of them so there is lower risk of liquidation if there is a big pump in one of them. Usually I short more whatever coin has pumped the most among my zombie projects. And repay later after the unavoidable dump. This strategy works for me quite well because the interest paid isn’t big, and said zombie projects keep losing positions in the coin ranking

c94

DOT has arguments for a future since it’s architecture and their entire Layer0 angle. However I wouldn’t recommend it to anyone as their primary bag, a small amount to hold and watch the ecosystem. ADA and VET can hope for the same fate as XRP at this point. The writing has been on the wall since 2021.

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Jan_Burton

Uphold used to pay in XRP, 4%, then 2% and now 1% but only paid back in GBP. I still use it but I'm not sure if it really counts as a crypto card now really.

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ImmediateRock212

It doesn't look good for XRP.

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lostparanoia

If you don't want to do the research for individual coins and instead want an index-like portfolio allocation you could allocate your assets to the top 5 or top 10 coins (excluding stablecoins like Tether and USDC) weighted by market cap. Right now that would look something like this for the top 5: BTC = 59,3% ETH = 28,8% BNB = 4,8% SOL = 4,8% XRP = 2,3% I would recommend putting the majority of your assets in the big 2 regardless, and very little into other coins, as the risk is enormous in the smaller coins.

westcoastjo

Okay, sorry I didn't realize you work for XRP, my bad. Can you send me the spreadsheet you compiled your data on? Thanks in advance.

westcoastjo

I dont think there is a political discrepancy in XRP holders.. my dad is both the most progressive person in know, and the only person I know who owns any XRP.

Minute-Seesaw205

Only the lawsuit? Nothing else needs to happen for XRP price to pump?

robotwizard_9009

ETH changed to a pos system. It's likely a security now. It can be both. The judge ruled XRP is a security with SEC protections for institutions but not retail(which makes no sense), and yall called that "a win". It's gross. Not sure why retail would want to help institutions bypass securities laws written to protect retail from institutional fuckery.. but here we are. Billions in propaganda will apparently do wonders.

Sharlach

Nope. [The CFTC reasserted that Ether is a commodity just last month](https://www.theblock.co/post/284856/cftc-ether-is-commodity-kucoin-lawsuit). > The CFTC on Tuesday publicly declared that ether and several other cryptocurrencies are commodities in a legal complaint against KuCoin’s operators, signaling the agency’s latest attempt to lay claim to the second largest cryptocurrency by market capitalization. and when the SEC sued the Ripple foundation, [the courts ruled against them and said ripple did not violate any laws and is a commodity when sold to the public, as well.](https://www.reuters.com/legal/us-judge-says-sec-lawsuit-vs-ripple-labs-can-proceed-trial-some-claims-2023-07-13/) >July 13 (Reuters) - Ripple Labs Inc did not violate federal securities law by selling its XRP token on public exchanges, a U.S. judge ruled on Thursday, a landmark legal victory for the cryptocurrency industry that sent the value of XRP soaring. The SEC can claim whatever they like, but it is the courts or congress that has final authority, and to date, there is not a single cryptocurrency that has legally been established as a security. And if they were, that still doesn't mean the SEC can shut them down, it would mean the SEC has to actually allow them to register as such. Whether any crypto is or isn't a security doesn't even matter, because they would still be legal as either one.

cryptotentnew

Did I miss something.....XRP did something!

gunnychamero

XRP admins are busy banning anyone who is expressing anykind of dissatisfaction about how XRP has been the worst ROI among the top 30 coins.

cody_eth

I wanna buy XRP now after reading all the dumb fucks talk shit about it. Inverse Reddit, you know what they say…

OfficeMain1226

Got in crypto in 2020, still at 54% of the original investment? Why? Because I am a master of bad trades. First held on to XRP, then got into DOT, ADA, NANO and bunch of other shitcoins. If I had invested it into the mutual funds, my portfolio would be at least 3x by now and debt free. Nobody to blame but me.

iguana1979

Muahahahaha XRP lolzzzzzz 😂

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Z3non

XRP pump? LOL

surfnsets

Guys, anytime you see XRP in the header, just know it’s a shill post for XRP trying to create a psychological positive relationship with Bitcoin and other well known established cryptos to create a sense of familiarity and trust. XRP is trash wrapped in D.S. Only buy is you support CBDC.

Burner_acc_2024

Someone owns a lot of XRP… and a lot of Forbes.

aaaanoon

Yes they are planning on working with XRP. Best laugh I've had in a while

9htranger

That's what they said after the first judgement regarding retail sales being a security. XRP has a liquidity problem, among other issues.

9htranger

"XRP price pump". Lol

coachhunter2

Not going to lie, as soon as I saw the post headline I knew someone was going to claim the article was paid for. The XRP hate is extreme, and a bit bizarre.

countjah

Its to cringe that XRP wants to put it self in between BTC/ETH with self promoted garbage.

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anbu-black-ops

I thought i was the only one surprised by the mention of XRP.

Trapido

I came here all excited thinking I missed an XRP pump…

SwigTheRome

XRP did what now?

Stashimi

I knew it was a Forbes article from the headline. They must have a big XRP bag or on the ripple payroll. Have some integrity Forbes.

Wise_Tear4

XRP surged massively Last 24 Hours: - 0.58% Last 7 days: - 5.21%

esemijon

What XRP pump?

justinetrudope

It's not the first time, they published dozens of articles stating XRP price has pumped in the headline and every single time the price hasn't even moved.. price is even lower than it's ever been. Highly suspicious, why else would they be misleading readers?

coachhunter2

Genuine question, why does a mention of XRP make you think it was paid for?

justinetrudope

XRP price pump 🤣 how much money was paid to Forbes for this BS article

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Yok_Mu_Beni_Siken

What is Toncoin, some sort of pump/dump? It's been above ADA and Doge for some time, seems to be coming for XRP's booty now.

pfcypress

Dude is full of shit. Him and XRP.

Nequientt

add some XRP and you are generational bag holder

Harryballzonya2024

XRP holds a ledger so it would be impossible to lose the algorithm..but what do I know just a stupid stacker💯

Sad-Commission-999

Yup, you're average poster has been sold on the idea x chain is going to be the future, despite almost no organic use 5+ years, in by the "charismatic" leader of XRP, ADA, Algo, hbar or whatever.

Generic_Globe

The Trump years crypto was pretty much untouched except for XRP. Biden has made Gary s mission to attack crypto at every turn. He even threatened to veto HJ Resolution 109. Not to forget Biden wants to tax unrealized gains at 40%. [SAP-HJRes109.pdf (whitehouse.gov)](https://www.whitehouse.gov/wp-content/uploads/2024/05/SAP-HJRes109.pdf) [Biden’s tax on unrealized gains will hit far more taxpayers than he claims | The Hill](https://thehill.com/opinion/finance/3487486-bidens-tax-on-unrealized-gains-will-hit-far-more-taxpayers-than-he-claims/) There is a laundry list of issues to consider before you vote but Biden is definitely a threat to crypto investors and investors in general.

Turbulent-Cow4848

I did that using XRP. Paid 0,25 cents 🙏

Nulla01

XRP - Court case is very close to concluding. Approved by a Federal Court that it is 'Not' a Security. Too many banks globally to list, signed on to use it. It's going to do what BTC couldn't. To judge it's future success, is to know the business Ripple fundamentals and purpose of XRP, which is to be an international bridging currency between countries.

Apprehensive_Work830

I think Ripple got off very lucky. You can bet that the 90% of the crypto industry that hates the SEC hates Ripple just a little bit less. We all knew their coin was a security(it was created to be used by banks and that is why we invested in it; that is 100% a security), we just didn't want the SEC saying all crypto was just because XRP was.

BrilliantEffective21

Solana is far from perfect, but it has community.  Tons of errors and failed transactions.  Cringy, but people that believe and improve the project keep it going.  At this time, it’s still better than XRP’s shadiness. 

WhyYesIAmADog

Why is there no actual news in crypto anymore it’s been like a year. The last biggest thing was the XRP half win ruling.

Sumif

No, you need to hold good projects. When investing, specifically in real estate or stocks, you can roughly estimate its current value based on comparable investments, projected cash flows, etc. Even in the short run these investments can fluctuate in price based on the demand. Cryptocurrency does not have that. There is no fundamental value. Bitcoin has it because it’s the first one, and ethereum has it because it’s the first one with smart contracts. Arguably the only other one is XRP because it’s centralized and may become a big player depending on the lawsuit. Everything else is lottery ticket money. You either scratch it and lose it all or you can become very wealthy. Cryptocurrency is generally not long term investing, but For long term stocks to the ones I mentioned. For short term playing, try anything else and good luck.

biba8163

Justin Sun started out in 2014 under the tutelage of scam masters at Ripple. He learned from the best scammers in crypto. Here you can watch Justin's humble beggings as a XRP scam salesman at Ripple https://youtu.be/q8NvJYsmqvY?t=31

mobiledanceteam

I personally would disagree with this advice. While many airdrops are benign, just one pernicious scam is enough to sour your whole experience with the space. Airdrops are not where I’d suggest you start. Have you set up an exchange account with a major platform like Kraken, Coinbase, or Binance.us? Have you looked into any top cryptos like Bitcoin, Ethereum, XRP, Cardano, Pokadot, or Solana?

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Mountain-Bar-2878

Ada right now is doing much worse in comparison to other L1’s that have had good price appreciation in the past 8-9 months. If crypto was in a bear market then I would give the coin more slack, but we are in a bull market and the coin barely moves. It has no adoption whatsoever. Obviously you are an XRP fan, which is hasn’t reach an ath in ~6 years, which isn’t helped by the creators constantly dumping pre-mined coins on holders.

XRP_SPARTAN

XRP actually has really low development activity. ADA has more potential.

coachhunter2

It was under his administration that the SEC’s crackdown on crypto started, for example with the lawsuit being filed against Ripple and XRP

coinfeeds-bot

tldr; VELO, dubbed the "XRP of Southeast Asia," has seen a significant price surge of 358% in six weeks, according to Santiment's analysis. This growth reflects the increasing demand for innovative financial products in Southeast Asia and the rising interest in emerging cryptocurrencies. UMA also experienced a notable increase, with a 50% gain in just 36 hours, highlighting the volatility and dynamic nature of the cryptocurrency market. These movements underscore the growing appeal of digital assets like VELO and UMA among investors and traders in the region. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

acecardx321

I only have BTC, ETH, and LINK. I’ve been DCAing since 2021. I hit my ETH and LINK goals. I will continue to DCA into BTC. What are some recommendations on some other alts. Right now, I’m looking at ADA, XTZ, XRP, XMR, & STX.

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R4ID

"guy who gets caught making stuff up about XRP continues to FUD" https://www.reddit.com/r/CryptoCurrency/comments/1bvmrnj/ripple_to_launch_us_dollar_stablecoin_aims_to/ky1puy9/?context=3

drewster23

>XRP has about 23,000 daily active addresses https://www.tradingview.com/markets/cryptocurrencies/prices-most-addresses-active/ 23k dau gets you spot #15. For most active. (Crazy when you apply relativity it doesn't sound so bad). >And a $28 Billion MC. That's more than $1.2 MILLION per DAU The fuck kind of God awful metric comparison is this. This isn't a meme coin that came out this year. It's 12 years old ffs... And it's been stagnant for a while with little price action so exactly what Le fuck would they be active for? Let's look at how many wallets have xrp instead. "As per the latest data provided by an XRP Ledger explorer, XRPL Services, there are currently 5,090,851 wallets holding 59.87 billion" 28 billion mc/ 5 million users = 5600. Little different than 1.2 million per dau you're yelling about. You're either purposely spreading fud or an absolute idiot. Don't know which it is but it's one out of the two.

hungryforitalianfood

So is XRP 😴

primordial-gloop

More chance of XRP flipping ETH.

JackRipster

XRP, Casper and DAG join DeRec Alliance together with Hedera and Algo.

3sides2everyStory

XRP has about 23,000 daily active addresses. And a $28 Billion MC. That's more than $1.2 MILLION per DAU. How is this possible let alone sustainable?

robotwizard_9009

The judge declared XRP a security for institutions and not for retail.. giving institutions SEC protections while the institutions get to fuck retail.. and yall called that.. "a win". Figure it out. SEC ain't the bad guy. Institutions got you fighting against your own interest.

coinfeeds-bot

tldr; The U.S. Securities and Exchange Commission (SEC) has classified Ripple Lab's planned stablecoin as an "unregistered crypto asset." The SEC's stance is part of a broader legal battle where it has accused Ripple of selling XRP as an unregistered security since 2013. Ripple announced plans to launch a new stablecoin, backed by cash and short-term US government treasuries, on Ethereum and the XRP ledger. Despite a partial victory against the SEC in court, the regulatory body maintains that Ripple's sales of XRP to institutional buyers were illegal. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

-Blue_Bull-

I'm going to disagree here and say that non custodial could reach the mainstream. The barrier is the lack of simplicity. It's too complex and many of the steps involved could be simplified, automated or removed altogether. We need to get to a point where everybody has one wallet, and coins can be transferred to anyone on anyblockchain. Example, I have some XRP, I want to send it to wallet B. Click send, done. Now it's nothing like that. When you send money in the bank, do you need to know about how the back end works? No, it just happens behind the scenes.

CryptoNerdSmacker

You were warned by Ripple and XRP enthusiasts. Instead you clung to your tribalism like the apes you are. Enjoy this.

AsianPedro106

I bought XRP in 2017 instead of BTC. kicking myself everyday. smh

CorneliusFudgem

Me neither! That’s why I stake my XRP (joking lol).

SeparateReporter6625

Except XRP. Its basically stablecoin

wYsock

Need quick takes on these alt coins. Any of them extremely bullish? Any of them way overrated? Any of them a scam? Curious on your opinions: 1. Cardano 2. NEAR 3. Akash 4. Ondo 5. Optimism 6. Avalanche 7. Injective 8. XRP 9. LCX 10. Aerodrome 11. Chainlink 12. TRON 13. Jupitor 14. THORchain 15. Bittensor 16. Kaspa 17. TON

jacd03

Get out of ETH for this bullrun, you will be left behind. We know what happened with XRP for years. Even if you are bullish long term, just buy later, on the next bear market. This shit is going to take at least 2 years, there is no way this resolves in 2024.

R4ID

Because its not about educating them, its about educating anyone else that may read their silly comments that clearly lack a basic understanding of the topic. Im not trying to convince anyone to buy XRP, im simply educating anyone who is reading about the topic.

worst_grade_ever

That’s what it takes. XRP community banded together and appealed to the Judge last year. That’s why she said it’s a non-security (still have to wait until final judgment this year for institutions) for us regular joes to buy. SEC would go after Bitcoin if they knew who Satoshi was. I don’t collect ETH, but I support crypto and SEC can suck a fat one. Here’s hoping XRP’s ruling this year helps ETH’s against SEC and all others.

worst_grade_ever

Looks like that free pass ETH thought it had from SEC wasn’t free after all. ETH going to get dragged through the mud just like XRP.

Ill_Engineering_6937

Just explain to the bank you need to cash out your XRP because it went to 10,000 dollars. The men in white coats will bring you to the XRP cashing out facility with padded walls.

WriterMammoth6946

What happens when I try to withdraw a few million from Chase when XRP goes to $10, 000? 😂

wh977oqej9

I know this is the Bitcoin sub, but in this case, I would rather use something like XLM or XRP for that small transactions... Can be used directly from-to each one hot wallet on L1.

sportspadawan13

>XRP, DOT, ADA, ALGO >investment lol

viniedevriezz

Here also a large holder of XRP haha.. still on profit though

2BFrank69

Yeah I learned my lesson with XRP

RatherOakyAfterbirth

Not forced to sell. Delisting notices come with weeks to months advanced notice and do not require you to sell. You can move to self custody or to another exchange that continues to list the coin.  I’ve been through several delistings line XRP and XMR, still have all my holdings, never need to sell. Delisted from Kraken, Coinbase and Binance, all of them let me know delisting would happen several weeks in advance. And gave explicit instructions on what your options were prior to delisting. You should watch his MIT courses on ICOs and DAOs he has maintained since teaching those courses that they are potentially securities. Which ETH falls squarely within. Again, you’re misinformed on Gensler’s knowledge and outlook on the space. 

RatherOakyAfterbirth

Explain how they’ve damage innovation in any way.  They not been successful in proving in any lawsuit to date that cryptos are securities, including XRP. They’ve failed to set any legal precedent in that regard.  Blockchain as a tech has been complete unaffected by any attempt of the SEC. They’ve also be unsuccessful in their attempt to hold exchanges liable for selling potentially unregulated securities, again failing to set any legal precedent in that regard. They’re not lashing out, they’re trying to do what they can to protect investors using the only tool in their arsenal which is the Howie Test. Because legislatures have absolutely failed the American people for literal years now by refusing to define a legal framework for crypto to operate. And as a result has failed to enact proper enforcement over the space.  While also requesting the “SEC do something about crypto fraud.” What the fuck are they supposed to do when the only tool they have is a securities law that’s decades old, as their only tool to “do something about it.” Congress has asked them to enforce, but refuses to give them an updated legal framework to enforce within.  Again the issue lies in the Chambers, while SEC is the scapegoat for the failings of legislature to act as they should have a decade or more ago. 

zeusthunder

Since XRP won the case and is not an asset. Would I be on the hook for income tax when I decide to sell?

R4ID

Should of Joined the XRP holders who joined the Ripple case against the SEC as Amicus curiae. or at least listened to us when we said the SEC wont stop with just us and we need to band together as a whole....

R4ID

>I understand the case you sited and yes what you wrote about the criminal makes sense. However if illegal sales helped boost the XRP price by bringing in the big bank names which fueled investor speculation the Ripple benefited. ah ok so I see the area of concern(i think, maybe im wrong?) So when we're talking about disgorgement, which is essentially re-imbursement caused by harm/negligence. So in the terms of secondary market sales, those aren't/weren't illegal security offerings. Meaning that when I buy from Binance, it's a blind buy, Ripple may or may not be involved, so it doesnt involve a security transaction. I'm simply an investor who is A. Speculating the value will rise B. Want to utilize the token for some utility based purpose. These transactions cant have disgorgement applied to them. It's kinda like if I buy a used car from some guy, and then later I found out he stole it. I dont get to go to the manufacture or dealership where it came from and get my money back. My legal reach really only applies to the person who sold it to me in the first place. in terms of the Illegal sales effecting the value of XRP and benefitting ripple's XRP. Their holdings they owned before any of the sales and dont involve any illegal transactions so arent eligible for disgorgement because there is no direct tie to a victim. but some of these are related to the penalty/fee's Ripple will have to pay. IIRC the disgorgement value the SEC was seeking was like ~$986 Million and the penalty's/fees were also ~$986 Million. (people just round up to $2 Billion in total payouts)

coachhunter2

So when the SEC doesn’t tell them to stop trading XRP, they do it anyway. But when the SEC tells them directly to stop trading certain cryptos, they disagree. Makes perfect sense.

ImaginaryMarsupial38

Soon XRP

WhoReplies

It's unbelievable how much XRP has crabbed this run

coachhunter2

No, the SEC have ‘sovereign immunity’ Also, so many folks were cheering on the SEC when they went after XRP and sued Ripple. And funny how only XRP gets delisted when the SEC claims it’s a security.

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JackRipster

I understand the case you sited and yes what you wrote about the criminal makes sense. However if illegal sales helped boost the XRP price by bringing in the big bank names which fueled investor speculation the Ripple benefited. Im just trying to understand as a layperson, you clearly have a better understanding of the law than me so most likely my worry isnt warranted.

x_lincoln_x

ADA and XRP are shitcoins too.

viniedevriezz

newbie here (3 months in) Bought a bag an willing to hold long; ETH, SHIBA, DOGE and XRP. would like to buy another crypto to diverse my portfolio.. all advice welcome !

sportspadawan13

Get screamed at for holding memecoins while people are out here shilling ADA and XRP.

graytleapforward

XRP is in a death spiral. Ripple will ultimately switch to a stable coin for remittance. ADA desperately needs USDC to improve it's starving ecosystem, but at least there's a chance of that. XRP has no chance