1. What is $XRP and why do you hear it? XRP is a token associated with the Ripple project, the idea of which is to make international transfers easy and cheap. Sounds great, right? But behind this precious idea there are a lot of legal problems, and the courts have been bothering Ripple since 2020. As a result, XRP goes up and down and you never know if you should enter.
2. Is it worth investing? If you are looking for an "asset that is not quite active", XRP is definitely for you. After each trial, it jumps by 50%, then falls again by 30%. This token is a perfect illustration of why you shouldn't invest in anything that is so actively fighting governments, US and global lawyers. But hell, sometimes it's even fun to watch.
3. How does it compare to other coins? Well, come on, compare Ripple to your regular Bitcoin. $XRP doesn't give you the "decentralized" freedom that Bitcoin does. It is more like a "technical token" for banks, which wants to make money less painful to transfer, but at the same time tries not to harm the banks themselves. Therefore, it has no place among idealistic crypto products.
4. Forecast for 2025? Perhaps $XRP will break through again and become a real giant in the financial sector if it wins the court case with the SEC. But if that doesn't happen, by 2025 the coin will look more like a forgotten project among dozens of other alternative payment systems, and even with the potential to drop back down to its paltry price.
5. Pros and cons Pros:
The potential for a revolution in financial transfers.
High liquidity and support from large financial institutions.
A clear idea, without "mystical" promises.
Cons:
Ongoing litigation with the SEC.
The risk that the open line between centralization and decentralization will become just a fiction.
High volatility, which can cost you nerves.
