XRP: The Crypto That Promised the Moon and Landed in a Lawsuit
Despite positioning itself as a fast and low-cost solution for bank transfers, XRP disappoints due to its excessive centralization. Ripple Labs controls a large portion of the tokens and influences the network, which goes against the decentralization ideal cherished by the crypto community.
On top of that, XRP has faced major legal troubles, notably a long-standing conflict with the SEC. This climate of uncertainty has damaged the project’s credibility and cooled investor interest. As a result, XRP has stagnated while other cryptocurrencies innovate and gain ground.
