Why is this XRP rally even happening ?

This XRP rally is defying logic.

It is still far from its 2017 ATH and even more so if you count inflation.

It still seems to be some liquidity for Ripple who owns 2% of its current supply and 50% of the premined yet to be released, as they please, supply.

The arguments for it replacing swift do not have a strong footing, institutional investors don't want it.

The only thing it has going for it is the potential dismissal of the lawsuit. And its brigade-like current community.

It honestly seems like a huge bubble waiting to be popped. And it is concerning as it could trigger a crypto winter if too many investors get burnt.

The more retail gets lured in, what seems to be, senseless projects like XRP, the more the community as a whole will suffer from it and it is honestly concerning.

These are honest opinions and arguments, that address the fundamentals.

But of course, I know the brigade will come...