Indeed, it is very stable. I hear that's exactly the point - banks don't want to deal with fluctuating currencies for their transactions. I am not sure, but I believe Ripple can and will produce extra coins to combat price rises of the coin, so that kind of worries me. Maybe that's the reason they are not talking much about the coin. They don't really care what price it stays at as long as it is stable. It doesn't mean it won't rise in price, but you definitely can't expect a lot of fluctuation - or really sharp price increases. It is not a good coin for day traders, it seems.
That's why I am not investing into it too much although my original plan was to go to 1000. I am still in doubt. What do you think?
"I believe Ripple can and will produce extra coins to combat price rises of the coin, so that kind of worries me."
"Not only is there a finite amount of XRP — just as with Bitcoin — XRP is actually a deflationary cryptocurrency, which means that a tiny amount of XRP is permanently shredded after each transaction. It’s the opposite of unlimited supply. As time goes on, the supply of Bitcoin remains the same while the supply of XRP will actually shrink, making it even more valuable with each passing day."
from:
http://www.huffingtonpost.com/entry/ripple-and-xrp-are-more-stable-than-you-think_us_591cb3bee4b0b28a33f62915
Hm... So much contradictory information, I am even more confused now.