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Started By
Message
XRP Hype?
Posted on 6/29/25 at 10:34 pm
Posted on 6/29/25 at 10:34 pm
I see so many "experts" saying to buy before it takes off. Anyone here as optimistic? Less optimistic?
7
Posted on 6/29/25 at 10:36 pm to 1BIGTigerFan
I’ve heard that for 5 years.
Posted on 6/29/25 at 10:37 pm to 1BIGTigerFan
Bag holders are called experts now?
I think we get "insert crypto security" is going to take off at least once a week. Xrp took off earlier this year and is now in the dump phase this cycle it looks like
I think we get "insert crypto security" is going to take off at least once a week. Xrp took off earlier this year and is now in the dump phase this cycle it looks like
Posted on 6/30/25 at 7:34 am to 1BIGTigerFan
1) they are not experts
2) they have been saying this for several years now
2) they have been saying this for several years now
This post was edited on 6/30/25 at 7:34 am
Posted on 6/30/25 at 11:14 am to TigerTatorTots
I have spent some time recently researching this specific coin being intrigued initially by the fact that there was potential utility.
But diving in I really have not found a reasonable bull case. All the hype and discussion seems beyond speculation whether it is 'replacing' Swift, ISO changes or tokenization.
Further every day there are more and more companies announcing they are moving forward with other mechanisms to do the same thing that XRP planned to do (ie SOFI just announce cross border remittance using Bitcoin lightning network, stablecoins all over the place that seem to make more sense for that purpose).
I would love to hear substantiated bull arguments.
But diving in I really have not found a reasonable bull case. All the hype and discussion seems beyond speculation whether it is 'replacing' Swift, ISO changes or tokenization.
Further every day there are more and more companies announcing they are moving forward with other mechanisms to do the same thing that XRP planned to do (ie SOFI just announce cross border remittance using Bitcoin lightning network, stablecoins all over the place that seem to make more sense for that purpose).
I would love to hear substantiated bull arguments.
Posted on 6/30/25 at 12:50 pm to 1BIGTigerFan
XRP will not make you rich, it will likely go up over time, but it's not meant to 10x. in the near future. It's market cap is $130B already.
Posted on 6/30/25 at 1:00 pm to 1BIGTigerFan
I've got a few hundred shares in the event it ever does take off. But it was purely a gamble investment. I have no expectation that it ever will. It's moreso one of those FOMO investments.
Posted on 6/30/25 at 7:56 pm to HogPharmer
I sold 500 today at 2.30
Still have 600 more in case it goes up
Still have 600 more in case it goes up
Posted on 6/30/25 at 11:45 pm to 1BIGTigerFan
I purchased a whole $100 worth when my wife came to me and swore this was going to go to the moon. She has a webull account and said she couldn't buy crypto with it. I have a Hood acct that can. So I've had this $100 worth of xrp sitting there struggling to get to my 2.30 purchase price where it was. I believe today it was within .02 of it.
I considered selling it. But I figure it's not worth the BS I'd go through if it did actually take off and it was just to appease her anyway. It's not like we have separate money. We just have different ways of gambling.
I considered selling it. But I figure it's not worth the BS I'd go through if it did actually take off and it was just to appease her anyway. It's not like we have separate money. We just have different ways of gambling.
Posted on 6/30/25 at 11:51 pm to TigerTatorTots
Like the silver scammers. Thst junk is still 75% of ATHs over 13 years ago.
Posted on 7/1/25 at 11:50 pm to 1BIGTigerFan
I don’t see the price dropping much. As a gamble stock and I have a few, this one holds the most promise. The next 6 months will be telling.
Posted on 7/2/25 at 10:36 am to Tiger Roux
I would be really curious to hear more on the bull thesis as the things I hear do not seem to make a lot of sense to me. For example:
1) Replacing SWIFT due to cost and time. SWIFT is owned by the banks themselves that use it so the argument with costs seems unusual. SWIFTs revenue is only $1 billion a year (which would be its cost) which again is really internal as a co-op. The other billions cited as costs of cross border are charged by the banks to customers, not by SWIFT. Whether SWIFT is used or not, banks are likely to continue to charge what they can. So even with a 100% takeover (never going to happen), we are talking about a small savings.
2) The ISO 20022 talk, July 14th Fedwire etc. This I really do not get. ISO 20022 is a messaging protocol - that is it. No crypto itself is compliant per se as it is simply messaging. I understand Ripple sells software that is compliant but that is not XRP. All providers will be ISO compliant. And Fedwire switching on July 14th - how would that matter. Fedwire is a closed loop system of internal transfer that does not utilize any outside rails at all.
3) Even if one believes the XRPL ledger is the end all, it is open sourced and stable coins can be used to transfer with only XRP needed for the transfer fee (fraction of a cent). No need to use XRP itself. Yes I understand it may provide liquidity (if you have market makers on both side to convert back to fiat) but most major players will not need it.
I can see a very small niche for very small institutions that have unusual cross border transfer needs (ie from Chile to Vietnam or some obscure route like that) and may want some liquidity, but that does not support a $100 billion coin cap or liquidity need.
But I am new in reviewing this stuff so I may be missing the obvious - would love to hear the bull thesis.
1) Replacing SWIFT due to cost and time. SWIFT is owned by the banks themselves that use it so the argument with costs seems unusual. SWIFTs revenue is only $1 billion a year (which would be its cost) which again is really internal as a co-op. The other billions cited as costs of cross border are charged by the banks to customers, not by SWIFT. Whether SWIFT is used or not, banks are likely to continue to charge what they can. So even with a 100% takeover (never going to happen), we are talking about a small savings.
2) The ISO 20022 talk, July 14th Fedwire etc. This I really do not get. ISO 20022 is a messaging protocol - that is it. No crypto itself is compliant per se as it is simply messaging. I understand Ripple sells software that is compliant but that is not XRP. All providers will be ISO compliant. And Fedwire switching on July 14th - how would that matter. Fedwire is a closed loop system of internal transfer that does not utilize any outside rails at all.
3) Even if one believes the XRPL ledger is the end all, it is open sourced and stable coins can be used to transfer with only XRP needed for the transfer fee (fraction of a cent). No need to use XRP itself. Yes I understand it may provide liquidity (if you have market makers on both side to convert back to fiat) but most major players will not need it.
I can see a very small niche for very small institutions that have unusual cross border transfer needs (ie from Chile to Vietnam or some obscure route like that) and may want some liquidity, but that does not support a $100 billion coin cap or liquidity need.
But I am new in reviewing this stuff so I may be missing the obvious - would love to hear the bull thesis.
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