just be realistic with xrp scenario here. i thought $1 is on the horizon just before the spark airdrop but didnt happen, instead of going up right before the airdrop, it goes down. and now, btc is rising and xrp is declining. what's happening here? a lot of xrp holders are selling their stash because for long time xrp had about 20 cents in value? so if they are selling now, even if the value is slowly declining, they are still on the positive side, right?
so $5 here will be a long way journey for xrp, much more with $14. it is possible but we dont know when. maybe xrp team should do their buyback every quarter???
Not even the airdrop had a positive effect over XRP's price. It shows us that there's lack of interest compared to other cryptocurrencies on the market. XRP hasn't been able to rise on its own because of its utterly centralized model. Nobody wants a coin that's subject to manipulation, fraud, and corruption. Ripple's XRP token becomes no different than traditional banking. Aside from the way XRP is organized, the token itself has an enormous supply. Ripple should burn XRP tokens periodically in order to help increase its price on the market. Otherwise, it'll become nothing more than a hyper-inflated cryptocurrency like Dogecoin. I see XRP more as a short-term solution than a long term one, being useful as digital cash for daily payments than a store of value like Bitcoin. It does its job pretty well by settling transactions in the quickest way possible without breaking the bank. Sending micropayments with XRP becomes extremely practical for the public.
Nonetheless, the target of $14 seems nearly impossible to achieve considering that the token has struggled to get past "double digits" in price. The highest price ever recorded for XRP was an average of $3 per coin. If we get to see XRP being valued at $14 someday, Bitcoin and other major cryptocurrencies' price would've skyrocketed already. In other words, Bitcoin would've been valued at millions of dollars (well above $1m per coin) while XRP reaches double digits in price for the first time in history. If that doesn't happen, then XRP would remain likely the same as it is right now. What's important is a cryptocurrency's usability above all else. Decentralization also matters when you want to achieve censorship-resistance. XRP may be useful for daily payments, but its centralized model makes many people skeptical about it. One may never know when Ripple decides to shut down XRP in its entirety, putting investor's holdings at risk. Just my thoughts