The problem with XRP is that it is a speculative token.
Do you think other crypto tokens aren't speculative? Basically, all crypto coins are tokens are speculative, their values are never stable. Even Stablecoins have no fixed prices, their values also change. So, you cannot judge the speculative nature is the problem of XRP. Even speculative nature is the advantage in crypto tokens/coins, it enables us to gain bigger profits.
This is a centralized coin that in my opinion is mistakenly listed with cryptocurrencies.
No, listed XRP on crypto isn't a mistake. In reality, many people are interested to invest in XRP, which means XRP is useful and they believe XRP is a part of crypto that has a good future.
XRP is the electronic equivalent of Fiat.
What do you mean, mate? How can you conclude XRP equivalent of fiat?
In my opinion, this is the main reason for the price drops.
IMO, 2 main reasons XRP drops its price are:
- XRP has a problem against SEC, it is still unfixed
- Bitcoin drops its price, crypto market experiences downtrend