XRP Ripple: So glad I didn't drop my bags

My XRP "bags" are feeling a lot lighter!

I bought Ripple's XRP just a few days before the Ripple Swell conference 2017, at the time the value was approximately 0.26 USD, today that seems like a deal but truth be told I was new to crypto and I bought HIGH.

I guess I fell for the hype and rumours expected to come out at Swell I remember telling myself I will buy now and sell at 0.50 in a couple days! Ha! What actually happened is XRP went up to about 0.30 and then down to about 0.20, and later even 0.19 USD.

Since that time I have been watching seemingly every crypto rocket upward, but not my ugly duckling XRP bags... that is, not until this week.

What was Ripple Swell 2017?

Swell was a Ripple organized blockchain event, it took place in Toronto, Canada, from Oct 16 - 18, 2017. They had some serious key-note speakers including Ben Bernanke, former two term chairman of the Federal Reserve.

The event was largely considered a disappointment since the speakers and panelists all seemed in agreement that while blockchain was important, perhaps cryptocurrency was not. The speakers did not specifically state XRP was disinteresting but panelist after panelist suggested that it was early days and their company wouldn't commit to a plan for implementing XRP or Ripple-net.

XRP Since Ripple Swell:

In the convening weeks, Ripple-net has quietly seen very significant adoption, escrowed 55 Billion of the tokens to ensure price stability, and yet the price of XRP was continually stagnant.

People all over continued to ask, "Will anyone ever use XRP"? Of course, if you know the Ripple system, you know that XRP expedites their payment resolution process significantly and costs less for the user, so of course it was always going to get adopted, but for nearly two months nay-sayers continued to doubt.

Today we have seen the price nearly double, up 96.4% at time of post, and man are we HODL'ers happy. :)

I like many, was "bag holding" for 2 months, which in crypto feels like a lifetime, but it has paid off today. XRP at the time of post is listed on Coinmarketcap.com as 0.88 USD, and it is trading on some smaller exchanges at 0.90+/- USD. Certainly it will have some corrections along the way but happy to see this recent excitement for this project and cryptocurrency.

Conclusion:

My confidence that XRP would go up in value never faltered, and my confidence that it will still go up in 2018 and 2019 is higher than ever. The Ripple-net project is being used now, and will be used more in the future, and with that adoption the XRP will grow because users of Ripple-net want to save significantly on fees and they can with XRP.

So I love this project, and I am proud of all you HODL'ers, good on you.