The SEC is About to Drop it's Lawsuit Against Ripple and XRP

Here's why you still shouldn't buy it...

Before we get too far into this, let me explain my very personal relationship with Ripple and XRP. XRP was my first love. The girl next door that nurtured my flaccid crypto knowledge into a full fledged blockchain boner. It was first token I ever bought, and the reason I downloaded Coinbase all those years ago.

I started watching YouTube videos by guys like Digital Asset Investor. He's basically an XRP hype man, but I ate that shit up. Here's an example of his work:

Just watching this for 2 seconds while posting the video to this site made me want to stick a gun in my mouth. God I was dumb.

If you watched that I'm sorry. I think I watched conservatively 250 Digital Asset Investor videos pre-Covid. I was told that one day XRP would be worth "ALL THE MONEY." Bitcoin is like AOL, and XRP is like Google they said. Why would anyone use Bitcoin when XRP is 100x faster? XRP will be worth $589 "once the switch was flipped." I honestly believed it. I believed that sooner or later someone upstairs was going to flip a switch and the world would no longer run on dollars, but on sweet, glorious XRP. Even typing that made me want off myself.

I'm picking on Digital Asset Investor (he deserves it...he sucks), but there were a shit ton of other influencers that I followed. I hung on their every word. I read all the fake articles about what bank was going to be implementing Ripple's revolutionary blockchain rails to their infrastructure. What major retail chain was going to be offering XRP as payment that week (there's a new one every week). I was an XRP maxi.

I wasn't alone. I found tons of other crypto nerds just like me. We became friends on Twitter. We'd share fake articles (we thought they were real) and pump each other up! We're never going to have to work again! I had subconsciously joined an army...the XRP Army.

This is Ripple's hook. The XRP Army is strong. To this day, XRP has one of the most rabid online communities in crypto. But it's all built on bullshit and lies. I was just too naive to see it...but I digress. Turns out I was still savable.

I have a friend who is a trader for a major exchange in New York. We got talking crypto at our kids soccer game. When I told him 90% of my portfolio was in Zerps, he laughed in my face. He was like why are you investing in a remittance coin? I responded that XRP was way more than that. One day it will represent "all the money." After the switch was flipped of course. He said, "Do you know how stupid you sound?"

I was furious! I called my fellow Army members that night and told them what this jerk had said. "Fuck that guy," was the universal response. "What the fuck does some guy who buys and sells crypto all day and has access to inside information know?" But it got me thinking...

What if the guy that gets paid for a living to trade cryptocurrency knows more about it than I do? What if he knew more than Digital Asset Investor? Could that be possible? I decided to find out. I started asking more questions at soccer every week. So, with this guy's help, I started learning about Bitcoin. I won't bore you with what I learned, you need to do it for yourself anyways, but needless to say, my opinion on XRP started to wain. Not to the point that I was going to sell my precious coins, but to the point where I stopped buying it. I started buying BTC and ETH instead. Next it was SOL.

This went on for a bit, and then I started to learn about DeFi. What I thought I knew about cryptocurrency just weeks earlier was completely flipped on its head. Digital Asset Investor was starting to sound like the a shill. My world was crumbling, but in a good way. My eyes had been opened. I had been red pilled and I decided to sell my XRP. The SEC sent Ripple a Wells notice like two weeks later and XRP tanked.

Sooooooo, this gets us to the point...don't buy XRP. I don't care that the SEC is dropping it's years long case, and I believe that decision has been well known and already priced in.

Not to mention, afew months ago Ripple launched its stablecoin on the XRP Ledger(RLUSD). This is the product they are bringing to market in 2025. Not XRP. Think about it, why would a bank want to convert XRP to dollars when they can use a stablecoin that moves on the same rails they've been building out all this yime? Ripple leveraged the XRP Token into a multibillion dollar business. They created XRP out of thin air. Sold copious amounts of it to finance the operation. It's a brilliant strategy if you think about it, but it's not the product they're pushing anymore. They won't tell you that though.

It's in Ripple's best interest to keep the price of XRP high regardless of their future market plans. They still control tons of supply and can continue to sell it to help fund their RLUSD project. They sell this lie through the XRP Army...and the Army eats it up. Ripple does it well, Honestly hats off. That being said, it's all built on a lie, and for that reason...I'm out.

See you at the bottom.