After a tumultuous 2022 that preceded a monster bounce-back year in 2023, it looks like cryptocurrencies are back in style among the investment community. The asset class's current market cap of over $1.6 trillion is about double its value at the end of 2022.

While most of the attention goes to Bitcoin, primarily as a result of the recent approval of spot ETF products, there are some lesser-known digital assets performing well lately, too. Ripple (CRYPTO: XRP) is one of them. The price of its native token skyrocketed 81% last year, even though it remains 82% below its peak.

Better days could be on the horizon. If you're looking to buy and hold Ripple with $10,000, there are two important reasons that work in your favor. But don't ignore one obvious reason to avoid it like the plague.

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Source Fool.com