Here's Why I'm Strongly Considering Selling XRP
When things go right for a network but not for the coinholders, it's hard to maintain conviction.
Here's Why I'm Strongly Considering Selling XRP
Overview
I bought XRP (CRYPTO: XRP) via the Canary XRP ETF (NASDAQ: XRPC) on the bet that the coin's calendar of catalysts would power its returns over the next few years. The hope was that exchange-traded funds (ETFs) would arrive and draw in capital, while Ripple would forge collaborations with financial businesses to increase ledger use, and tokenized assets would pile onto the XRP Ledger (XRPL) for management. All three of those things happened, and the coin is down 47% in the last 12 months.
The ever-widening gap between the asset's fundamentals and its price has forced me to think that if everything is going right for XRP and its price still isn't going up, maybe the problem isn't the catalysts. Maybe it's the design of the asset itself. A bit of digging confirmed that hunch, and now I'm strongly considering selling XRP. Here's why.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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