Replies to post #15454 on Ripple (XRPUSD)

[MindlessSelf]

I am learning that the rates can change at a moments notice. But what I am also learning is you can lock in your lending rates. I have 2 xrp loans starting tomorrow. One at 5% and one at 4%.

I have one upusd that I initiated last week and locked in 10% compounding. I saw today it changed to 9%, but they are still honoring my 10%.

So timing between the 1st and the 15th is crucial. If you are doing a new loan, lock it in ASAP so you are guaranteed that rate. That way if they lower it closer to loan date, you still got the rate you were quoted. And if it went the other way and they increase the rate after you committed, if it’s still pending, you can cancel it and just take the new higher rate.

Right now everything just seems to be going lower

[MindlessSelf]

Looks like xrp is pulling back unfortunately before our loan date. But hopefully we get above 0.22.

They are lowering the payout rates, but our assets such as xrp are volatile. We just have to hope that if they lower the rate, the value of our asset will increase by that much or more to offset the reduction in rate.

I’m still all XRP, but LBA is paying the attractive 10% still and that one has jumped from 1 to 2 pennies twice in just a few days. Short term that one has the potential to double before loan date and pay the highest interest.