XRP (Ripple) Why I Am Holding Long Term- Diamond Hands!

XRP (Ripple) Why I Am Holding Long Term

XRP and Ripple have experienced some wild swings since then. Many investors are afraid to touch the token because of legal and regulatory challenges. But I’m holding on to my modest XRP investment, which has gained 270% in less than three years. Here’s why.

Leading cryptocurrency trading service Coinbase (NASDAQ:COIN) suspended XRP trades in January 2021. The token is still working its way through the regulatory challenges that led up to that event, and Ripple’s future as a solution for international money transfers is up in the air.

Ripple continues to fight the SEC action because they don’t believe that they broke any rules on trading of securities. Instead, they argue that XRP is a digital asset more akin to traditional currencies such as the U.S. dollar, the Euro, or the Japanese Yen. It’s just an all-digital version of the same concept, meant to serve as a transaction-settling agent.

If it looks like a currency, swims like a currency, and quacks like a currency, chances are that XRP eventually will conform to the currency market’s trading rules. That’s the final outcome I expect, based on what we have seen so far. XRP looks a lot like a basic transaction-settling tool, not so much like you’re becoming a part-owner of Ripple Labs.

XRP ranks as the sixth-largest cryptocurrency by market cap, with a market cap of $55.5 billion. That sum should surge if Ripple reaches the end of its SEC tussle and gets back to running its business instead.

For example, Ripple signed a cross-border payments deal with business-to-business payments service Currencycloud in July. Three weeks later, credit card giant Visa (NYSE:V) flat-out acquired Currencycloud. I’m not saying that this was Visa getting its hands on Ripple services and XRP tokens without ruffling too many regulatory feathers, but that’s one direct outcome of this $940 million deal.

Enjoy the video! Stay safe everyone, Let’s Go To The MOON!!!
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