XRP- friends keeps saying this is one to watch

It's a complete gamble like every other crypto. This is one of the five that made it into the plans for the crypto federal reserve. XRP lunatics believe that once the coin starts to pick up speed it'll be worth $10,000 each.

It appears to have some utility and has been the four year subject of an SEC lawsuit that is about to be dropped, so that could spark some short term interest but like any crypto it's just gambling and hoping you sell near the top of the pump.

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XRP lunatics believe that once the coin starts to pick up speed it'll be worth $10,000 each.

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yes, that's the craze

In 8 years, this stock hasn't done much between 2 and 3 bucks a share...

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This is one of the five that made it into the plans for the crypto federal reserve.

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It was announced this weekend that it would not be part of the crypto reserve.

XRP business model is selling tokens to users... That's it.

If ripple goes public I might look at it if they illustrate a marketable use case. Until then, I’m not paying a private company for the crypto they print.

Not sure what your situation is but I’ve been buying between $0.33 and $2.75. I think it’s gonna go to several hundred per coin with several thousand per coin as an Actual posssiblity within the next 5 years. If it does then how many can you afford or need to retire? I would say 500-1000 coins would net a good return if you can swing it but it depends on what you can put into it and let it sit. Ive gone so far down the rabbit hole on research in this and I truly believe it’s something people will laugh at now and be pissed they didn’t pull the trigger just like Bitcoin. I’ve got 15,000+ coins so if it goes where I think it will I’m buying all kinds of shite I don’t need, like Tigerdroppings from Chicken

For those interested here’s a cheat sheet intro to XRP

Timeline:
2004 - Ripple's Origins
Ryan Fugger conceptualizes
Ripple as a decentralized digital payment system.
2012 - XRP Ledger Created
Ripple (now Ripple Labs) is founded by Jed McCaleb, Chris Larsen, and Arthur Britto. XRP
Ledger (XRPL) launches.
2013 - XRP Distribution
Begins. 100 billion XRP is pre-mined, with a majority allocated to Ripple Labs and the founders.
2017 - XRP Hits $3.84
XRP reaches its all-time high during the crypto boom.
2020 - SEC Lawsuit Against Ripple. The SEC sues Ripple, alleging XRP is a security, leading to legal battles.
2023 - Ripple's Partial Legal Victory. Court rules that XRP is not a security in secondary market sales, causing a surge in XRP's price.
2024 - XRP Expanding Utility Ripple announces partnerships for cross-border payments, CBDCs, and enterprise adoption.

What Problem Does XRP Solve?
The Problem: Slow and expensive international money transfers. Dependency on traditional banking transfers.
The Solution: XRP enables near-instant, low-cost
Financial institutions use XRP to streamline liquidity.

Quick Stats:
-100 Billion XRP - Total fixed supply.
-3-5 Seconds - Avg transaction settlement time.
-Bank-Friendly: Over 300 Banks + institutions use Ripple technology.
-$0.0002 Avg. Fee - Much lower trans fees than Bitcoin and Ethereum.
-XRP Ledger (XRPL) - Decentralized and open-source blockchain.
-Global: Designed to enable cheap + fast international transfers.
-Not Mined: Unlike Bitcoin, XRP does not rely on energy-intensive mining.

What You Need to Know:
What is XRP?
XRP is a digital asset designed for fast and low-cost cross-border transactions. It runs on the XRP Ledger, an energy-efficient, decentralized blockchain.
Who Controls XRP?
XRP Ledger is open-source and decentralized, but Ripple Labs plays a key role in its development.
How Does XRP Work?
XRP acts as a bridge currency, enabling near-instant global payments without pre-funded accounts.
How Much XRP is There?
100 billion XRP was created, and no more can be mined. Some XRP is burned with every transaction.
Why Do People Buy XRP?
Cross-Border Payments: Used by banks and remittance providers. Investment: Some see it as a hedge against traditional finance. Utility: Facilitates seamless transactions on XRPL-based platforms.
Is XRP Secure?
Yes. The XRP Ledger is highly secure and decentralized.

Right now if you want to move $50,000,000 from one bank here to one in Japan it will take 1-3 days and the cost is like $50 or more. With XRP it will take 3-5 seconds and cost something like $0.002. The higher the cost of each coin the less coins are needed per transaction and the more smooth the system will run. The thing to understand about XRP is that it was not made for retail investment or use. It was made for institutional use and transactions. It will likely replace the SWIFT banking system and if it does that would be quadrillions of dollars. This is one of the factors the instagram crypto nerds use to justify or explain how it will get to $10,000 a coin.

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People fantasized it would replace swift. However swift is rolling out instant transactions this year and has already demonstrated this technology

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I would read this article but in short, SWIFT’s upgrades are insufficient

Nine Reasons Why XRP Will Replace SWIFT