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XRP Is Up 33% in August. Here’s Why I’m Not Buying XRP at a Price of $1.44

XRP Is Up 33% in August. Here’s Why I’m Not Buying XRP at a Price of $1.44

XRP (CRYPTO: XRP) is at $1.43 as of Aug. 28, bringing its 30-day returns to 33%, but even after its wild run-up and its signs of continued momentum, I’m resolved to not buy any more of it than I already hold through the Canary XRP ETF.

In short, I don’t think that the coin’s recent growth has anything to do with the fundamental value of the asset itself, and I’ve become quite skeptical of that value overall. Here’s why.

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