Mahara Vs Red Ribbon

Mahara

Atk +8
Def +10 or +11
Dark Magic +5%
Mdef +10%
Tradeable

Red Ribbon

Matk +8
Mdef +7
Atk +5
Def +3 to +6
X Trade

Conclusion
Mahara slightly better and you have bragging rights. At least until update comes.
Warning
If you have it you will be spammed to get rid of it. Many offers will be sent your way.

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