I did a deep dive on XRP a few months ago. Pretty fascinating really. It is the antithesis of bitcoin in many ways.

The conclusion I reached is that the token itself has two functions.

1. A proof of concept for the CBDC tech Ripple is trying to sell to banks.

2. Fund raising for Ripple to subsidize their lobbying efforts to sell their CBDC tech.

The tech works, but it's an authoritarian nightmare disguised as a decentralized cryptocurrency.