Patience and Trust: The Road Forward for XRP Holders

There is a popular perception that if the Securities and Exchange Commission (SEC) sees XRP as a safe cryptocurrency that can be traded by the public, the price will go up. This idea is both yes and no. While the absence of a SEC case could lead to an increase in price, many believe that XRP could see gains based on rumors instead of solid news. However, what truly matters is Ripple’s plans and goals for XRP, not just the initial buying and selling behavior.

Understanding Ripple’s Plans

Post the SEC settlement, the crucial factor is not the first wave of buying and selling, but the improvements and future prospects of XRP as planned by Ripple. Will there be an upgrade to XRP? Will it be used by more banks around the world? Will there be further collaborations with other companies?

Future Growth Potential of XRP

Is there room for future growth in XRP? The answer is a definite yes. Companies like Ripple understand the potential of XRP and will certainly maximize its uses. As Ripple drives the growth of XRP, the initial buying and selling behavior is insignificant. Patience is key. As other cryptocurrencies experience growth, investments in XRP may rebound dramatically.

Essence of Patience and Faith

To truly believe in a cryptocurrency, patience and faith are indispensable. If you truly believe in XRP, you must be willing to endure long periods of inactivity and avoid the temptation to panic-sell at the sight of any market fluctuations. This outlook has already paid off, as evidenced by recent price movements in XRP.

The Reality of XRP Supply

XRP is a pre-mined currency, and Ripple, the company behind it, holds approximately 60 billion XRP. No individual or entity can drive the price up if a significant portion of the XRP supply is restrained. However, Ripple is releasing a portion of these coins on a regular basis through escrow agreements. If predictions about the future price rise are correct, this could result in returns that are 8 times the initial investment. Compare this to Bitcoin, where an AUD160k price tag would be needed to achieve the same returns.

Final Thoughts

The future of XRP lies in the hands of Ripple’s strategic decisions and the world’s perception of XRP as a secure and evolving cryptocurrency. Patience and a steadfast belief in the potential of XRP are your best bets for long-term gains.