Financial expert and Economist Charles Lee, has been kicking himself hard for buying XRP at the price of $0.3. The crypto investor believes that if he had been patient enough or calculated better before investing in the third top crypto, he would be able to buy more today at the price of $0.295.
Presently, there is a downside in the prices of all the cryptos, among the top ten performing ones only the two Bitcoin split cryptos, Bitcoin Cash and Bitcoin SV are in the green at the time of writing.
As shown on coinmarketcap.com chart, the price-performance curve of XRP and the other seven among the top ten are heading down.
Possible Reasons for Mr. Lee’s Regret Over his Investment in XRP
Though the third-largest crypto project by capitalization, XRP performance has not been so wonderful in the past years, enthusiast believes the parent company Ripple do not promote the token in its crusade for blockchian adoption.
Ripple was seen to be more concerned in promoting its decentralized blockchain financial tools to banks and other financial institutions for cross-border payment processing.
Just recently, Ripple went ahead to integrate XRP with its financial tools like xRapid and xCurrent but this has not made much impact on the price of the token.
Other Issues Affecting XRP Price Performance
In Mr. Lee’s explanation in his speculative theory on XRP future price performance, he opined that its price will only increase as the level of activities on the platform increases.
The price-performance will continue being in a narrow range, but if the volume of transactions increases, the price will increase in a step by step upward movement.
Lee pointed out that most of the partnership which Ripple has entered into an effort to boost transaction volume is not yet effective. A case in point is the recent partnership agreement signed by Ripple with MoneyGram. But it is not stated the extent at which MoneyGram will use XRP.
XRP price performance has become a source of concern to investors like the finance expert, because even when other crypto prices went up, XRP didn’t go up well enough.
Lee’s speculative theory states that the price movement of other digital assets will not have any significant effect on XRP price.
Mr. Lee regrets that his investment in XRP is not viable enough as he expected.