Should You Buy XRP While It's Under $2.50?
It's been a rough few months for crypto investors, with Bitcoin down roughly 20% from its October high. XRP (CRYPTO: XRP) investors have felt the even more pain; the coin has slid more than 40% from its July peak, and now hovers at a little more than $2. Given the dip, is this the time to buy?
Despite huge advancements in technology, modern banking is still full of major inefficiencies. Transactions, especially those across national borders, can be slow and expensive. XRP aims to solve this. Bulls believe that as banking adoption grows, so too will XRP's value.
But there's an important distinction investors need to understand between XRP itself and related products. When people talk about adoption, they are really talking about the adoption of financial products offered by Ripple, a company founded by the creators of XRP, which uses the XRP blockchain.
Source Fool.com
