Most people posting about $XRP getting weak, slowing down; and/or warning about impending doom are one of the following: 1. Watched XRP for years without it making any significant price surges and therefore is incapable of believing it could grow and sustain it’s value; 2. Sold it as soon as the price went up significantly and now desperately tries to prove it was the right decision despite further price increase; 3. Shorted it as soon as it touched 1.6 - 2.00USD, got liquidated and now feels cheated (unable to comprehend it was them who made the mistake); 4. Came late to the party, wants to join, but at a lower price, therefore trying to make others sell; 5. Shorted it and is afraid of being liquidated soon;
Now when it comes to comments about utility - why would they question it? I mean, what is $BTC utility? Good ol’ silkroad is dead 😂 XRP has far more potential than BTC in the utility field - actually it has some, compared to BTC. It is actually BTC that is getting its value from hype, not the other way around. „impossible market cap” you say? So how about the fact, that $ETH is traded at over 3k and has endless supply? Does that compute? And yet you claim that 1000USD XRP is impossible, whereas the supply is finite 🤔
The fact is, XRP was being suppressed by the SEC. Had it not been SEC going after them, XRP would have reached much higher value over the last few years. What is happening right now, is XRP regaining it’s actual value it would have accumulated over the years. but in a much shorter timeframe. On top of that, it is gaining regulatory clarity, and ripple did not fall behind in terms of utility despite being suppressed by the SEC, and of course, the ETFs being filed and stablecoin being released. All of that at the same time.