Philosophically, I don't like it much. This is not a crypto that I am looking to hold.
It goes against the core idea of crypto that says that it should decentralized so that no one can control it... XRP is centrally controlled by definition so it is not good to me.
On a short term horizon, its price could apparently explode with a favorable verdict in the SEC vs Ripple case but I don't follow that story close enough to have an idea on how probable this scenario could be.
In my system, a small budget is allocated on a XRP balance. Not because it is crypto that I like but simply because after BTC and ETH, XRP is one of the crypto having a high number of pairs with XRP in it which makes it a good candidate for arbitrage...
And even for arbitrage, it is even not in my top performer... My most regular performers are BTC, ETH and DOT with the occasional surprise star. Last week, ALGO did well in arbitrage when it suddenly spiked 60% up!
So all in all, this is not a crypto that I would recommending holding...
It goes against the core idea of crypto that says that it should decentralized so that no one can control it... XRP is centrally controlled by definition so it is not good to me.
On a short term horizon, its price could apparently explode with a favorable verdict in the SEC vs Ripple case but I don't follow that story close enough to have an idea on how probable this scenario could be.
In my system, a small budget is allocated on a XRP balance. Not because it is crypto that I like but simply because after BTC and ETH, XRP is one of the crypto having a high number of pairs with XRP in it which makes it a good candidate for arbitrage...
And even for arbitrage, it is even not in my top performer... My most regular performers are BTC, ETH and DOT with the occasional surprise star. Last week, ALGO did well in arbitrage when it suddenly spiked 60% up!
So all in all, this is not a crypto that I would recommending holding...
