$XRP This is not an investment advice. Watch out for XRP:

1 The stablecoin RLUSD is being decided to be traded on the Ripple protocol as a financial currency and the stablecoin USDC will be running on the Ripple network.

2 The native currency of Ripple, XRP, would be backed by GOLD, meaning that overnight it would be priced at the value of gold, which would not be subject to normal speculative capitalization.

Why, although it has grown 358% in the last year, hasn't it skyrocketed?

Several facts;

There are 100 billion coins, of which only 45% have been introduced to the market, and 1 billion are introduced per month by its creator Ripple Labs.

Every time it is adopted by the financial sector, it would have all the global liquidity of banks and reach unexpected values.

For the above reasons, it is better to have at least a thousand or more of these coins in the long term.