topic Re: XRP anyone? in Personal Finance

XRP anyone?

ptatohed — Sat, 19 Jul 2025 00:22:10 GMT

I've never really gotten into crypto but I've been reading/hearing some positive things about XRP and its potential. It reached its all time high at $3.60/coin this week. Some experts predict a $5, $10, even $15 value by Q4 '25. I was thinking about dabbling in XRP. What do you guys think?

I'm not sure if there is a better platform than another for buying XRP but, since I already have a Robinhood account, I'd probably use that.

Re: XRP anyone?

DakotaM — Sat, 19 Jul 2025 02:11:56 GMT

While not in XRP specifically, I've dabbled just enough to not want to anymore.

A cursory search shows that one of the XRP founders has been selling a lot of his over the past months. Maybe it doesn't mean anything, but that kind of thing when when going to new highs is always suspect.

Re: XRP anyone?

Anonymous — Sun, 20 Jul 2025 02:45:51 GMT

Everything about crypto logically sides closer towards tulip bulbs, and less about sound money. I've seen die hard gold bugs completely modify their position, and jump on the crypto band wagon. And since that once sound logic has been "resigned" for lack of better words, why not compete so long as they want to keep propping it up?

XRP, or any altcoin, doesn't matter much. XRP runs, Doge runs, bitcoin, etc. They all run when they want to run. And tank when they want to tank. So long as there's an interest in propping them up, sure why not?

Re: XRP anyone?

ptatohed — Sat, 19 Jul 2025 06:02:23 GMT

Well, I plopped in $1000 earlier today just for fun. It's currently worth $990 as I write this, lol.

Re: XRP anyone?

DakotaM — Sat, 19 Jul 2025 14:11:43 GMT

@ptatohed wrote:
Well, I plopped in $1000 earlier today just for fun. It's currently worth $990 as I write this, lol.

Lol, well that happens pretty much every time I put a chunk of money into something too. Hopefully you recover your $10 and then some.

Re: XRP anyone?

ptatohed — Mon, 21 Jul 2025 07:10:13 GMT

This is nerve-racking as you can follow the value live. I need to stop watching! lol

Re: XRP anyone?

crystal626 — Mon, 21 Jul 2025 17:27:22 GMT

@ptatohed wrote:
This is nerve-racking as you can follow the value live. I need to stop watching! lol

This would drive me nuts. I don't like stocks for the same reason.

Re: XRP anyone?

NoMoreE46 — Mon, 21 Jul 2025 17:52:18 GMT

@ptatohed wrote:
This is nerve-racking as you can follow the value live. I need to stop watching! lol

My son picked out XRP at $2.18 a few weeks ago. It was just a $ 100 order and now is at about $160. Wishing it was a bigger order-ooh well.

Re: XRP anyone?

NoMoreE46 — Tue, 22 Jul 2025 01:47:03 GMT

@ptatohed wrote:
Well, I plopped in $1000 earlier today just for fun. It's currently worth $990 as I write this, lol.

The $10 might be a fee for the transaction. Your position probably will be >$1,000 at week's end (hoping.)

Re: XRP anyone?

ptatohed — Tue, 22 Jul 2025 06:04:34 GMT

@NoMoreE46 wrote:
@ptatohed wrote:
Well, I plopped in $1000 earlier today just for fun. It's currently worth $990 as I write this, lol.

The $10 might be a fee for the transaction. Your position probably will be >$1,000 at week's end (hoping.)

Thanks 46. $995 at the time of this writing, lol. As far as I can tell, there were no fees. The $990 ish happened slowly over some hours. Maybe when I sell? But I 'believe' Robinhood has no buy/sell fees.

https://robinhood.com/us/en/about/crypto/

Here is the Robinhood fee schedule for crypto, though I admittedly don't fully understand all the terminology.

https://cdn.robinhood.com/assets/robinhood/legal/rhc-fee-schedule.pdf

Re: XRP anyone?

NoMoreE46 — Tue, 22 Jul 2025 17:20:27 GMT

@ptatohed wrote:
@NoMoreE46 wrote:
@ptatohed wrote:
Well, I plopped in $1000 earlier today just for fun. It's currently worth $990 as I write this, lol.

The $10 might be a fee for the transaction. Your position probably will be >$1,000 at week's end (hoping.)

Thanks 46. $995 at the time of this writing, lol. As far as I can tell, there were no fees. The $990 ish happened slowly over some hours. Maybe when I sell? But I 'believe' Robinhood has no buy/sell fees.

https://robinhood.com/us/en/about/crypto/

Here is the Robinhood fee schedule for crypto, though I admittedly don't fully understand all the terminology.

https://cdn.robinhood.com/assets/robinhood/legal/rhc-fee-schedule.pdf

The crypto world can get complex- I dont understand what staking is for instance.

I believe that the point below might be the reason for the fee:

Network Fees/Gas Fees:
These are fees paid to miners or validators on the blockchain network to process and confirm transactions.