Everybody keeps messaging me about XRP/Ripple. My advice, be freaking careful. I honestly do not think it can sustain $3. After doing a little research you’ll realize that Ripple Labs releases 1 BILLION of these every month which they can then sell on the market. It’s quantity over quality, guys. If you trade XRP, get in and get out when you can make a profit. I’m sure there’s money to be made, but I don’t want to see any of my friends get hurt on this one.
Overall Ripple Labs has a revolutionary product/service but the coin is prone to inflation and the real value should always fluctuate between $1 and $3 so be careful about investing in XRP because you may lose money on a pullback.
Ripple, the white-hot crypto currency that more than doubled in the past week, plunged as much as 20 percent after Coinbase said it’s not adding any new coins to its exchange at this time.
Ripple fell to as low as $2.65 after reaching an all-time high of $3.30 earlier Thursday. The coin was down 1.1 percent on the day to $2.78 as of 2:52 p.m. in New York. Ripple last week surpassed ether as the world’s second-most valuable cryptocurrency after bitcoin.
I personally think that Coinbase won’t add Ripple as a listing crypto on their platform in the future because XRP doesn’t meet the requirements set by Coinbase.