I've Already Made $3,200 on XRP (a.k.a. Ripple). Here's Why I Keep Holding.
I picked up $1,180 worth of the XRP (CRYPTO: XRP) cryptocurrency in the spring of 2019. At the time, I thought that the token, also known as Ripple after the blockchain-based payment system it powers, was headed for a big future. Cryptocurrency services enabling cross-border money transfers with low friction and very low transaction fees looked like a fantastic idea for the long run.
XRP and Ripple have experienced some wild swings since then. Many investors are afraid to touch the token because of legal and regulatory challenges. But I'm holding on to my modest XRP investment, which has gained 270% in less than three years. Here's why.
What's at the end of this road? Image source: Getty Images.
Source Fool.com
