Covid-19 excuse by the ripple owners is getting old, bitcoin is recovering, ethereum is recovering, almost all coins are recovering. Ripple is just watching those. You wanna know why? Because the company basically sells millions of it every single day to pay for stuff, which means the coin has a disadvantage compared to all other coins, they have to fight against the company as well as the sellers instead of just the sellers.
Definitely, there are no miners and you can compare it to that, but that doesn't change the fact that the team could sell 100 million ripple tomorrow and there is literally nothing that could stop that. Which shows you that the trouble ripple has is not covid, it is the ownership, and as long as it stays centralized there is no way it will change.
From all my investments I think only Ripple disappointed me. For some time all I hear about Ripple is how
co-founders are selling, nothing new about the project, updates, marketing, nothing, just daily selling.
I have Ripple coins for a long time, couple times I was thinking to sell with loss and put that story behind me,
but I never did that. I am a long-term investor and until now I didn't sell any coin, I don't wish to break my own
rules, but Ripple is a little disappointment for me!