r/XRPUnite

Well well.. Numbers don’t lie & past post/comments don’t either. I mean who would’ve guessed?🚮🤣💪🏼

I have reached the point where I think I am finished holding $XRP and tired of the “XRP IS SET UP TO MOON TO $10 TUESDAY” and “I FEEL SO SORRY FOR THOSE NOT TAKING ADVANTAGE IF THIS XRP DISCOUNT!!!” just to watch my portfolio get the gold medal in Olympic diving. I think I am cashing out and cutting my losses.

With all that being said, I still retain a relatively significant amount of other crypto assets, but I have not been keeping up with any other than $XRP (I’m
a sucker who believed in the project). What do you guys all consider to be a solid investment? I’m not looking for a quick flip, but rather something that will cumulatively grow with safe, conservative momentum.

So, all, what should I be transferring my $XRP holdings into? Thank you all for taking the time to read, and I apologize for being a Debbie downer. Have a great day all!

God bless

In the article, Ripple was asked which asset will it use for its cross-border operations with Korean Jeonbuk Bank but Ripple did not respond.

"In a release shared with CoinDesk, Ripple describes the service as delivering near real-time stablecoin cross-border settlement, without specifying which asset moves the money."

"The company has spent the past year pushing RLUSD, the dollar-pegged token it issues, as the settlement asset for institutional work. CoinDesk asked Ripple which asset the Jeonbuk deployment uses and did not immediately receive a reply."

It seems obvious now that Ripple is leaving xrp to its own devices. It's success will depend on whether enough defi companies build on xrpl creating liquidity for xrp. Ripple itself, I don't think care about xrp liquidity that much other than offloading their escrow to retail.

Institutions won't buy XRP because it's a massive risk to their balance sheet. They might have ownership of some XRP holding vehicle like a crypto ETF as part of a wider portfolio, but Instos who actually need / use XRP are not going to purchase it.

Why?

Because ODL exists. You convert to XRP then convert to some other currency. That takes seconds. Why would Instos need to buy billions of dollars worth of XRP when Ripple has already made a service that lets you skip that?

XRP price is extremely volatile, no company is going to buy & hold it. No, they dont care about staking.

XRPL activity does not equate to Instos purchasing XRP. Instos can invest 3 digit dollars to get way more than enough XRP to fund a lifetime supply of activity.

Why you dont want Instos to buy XRP

Where do you guys think Instos would purchase XRP? It's almost like there's a business whose main job it is to SELL XRP. Geez, I wonder who that is. Could it be the company with billions of XRP? What if it's Ripple? Wow.

By buying Ripple's XRP, Instos are actually creating more supply - that would have been locked up - instead of creating demand. Hi. I'm Institution A, I just bought $1b (lol) worth of XRP from Ripple. Guess what happened to the market price! Nothing!
Guess what happens when the Insto wants to sell! Oops, supply just massively increased on the market because that's the only place people will purchase it!

Conclusion

In other words, you both shouldnt expect Institutions to buy XRP and you dont want them to. They are not going to risk billions on a shitcoin, and if they did, it wouldnt push price up but instead push price DOWN sometime further in the future.

I don’t really feel like posting in detail tonight army. Just look at my past posts/comments if you think that I’m lying because I honestly couldn’t care less to screenshot & prove blah blah… At the end of the day these are just fun coupons.

To be real the thesis stands. If the asset is undervalued hit it as hard as possible. If they keep tanking it get more because they are only going to put more back in to my beautiful BULL portfolio. Stand on business or GTF0 out of the market. It isn’t for everyone.

If I’m wrong please take it all and burn it. I’ll see the winners who have strength to hold on the other side.

6 months ago this entire sub was calling for a moon shoot

Today the sub seems to have lost its hope

Are y'all holding, buying, offloading?

You lads seem to have lost the wind from your sails

Personally, I'm holding