1) Ripple gets banks to use its payment technology.
2) Banks integrate Ripple's payment system into their system.
3) This helps to eliminate all the technical obstacles to banks routing payments through a crypto-currency. (Regulatory, compliance, business rules, integration effort, etcetera.)
4) Banks use the system to clear payments with each other, probably using mostly ILP. (ILP is a protocol that permits atomic, cross-ledger payments. Most importantly, it allows a "connector" to facilitate the payment even if that connector is not trusted by either the sender, the recipient, or the source and destination financial institutions.)
5) Ripple tries to make XRP the premium connector by targeting inefficient corridors.
6) If XRP can efficiently bridge X% of payments between banks that use Ripple, it will.
7) This will increase the demand for XRP as connectors need XRP to buy the destination currency for their trades.
8) If XRP is cheap to trade with other currencies, people who don't know what currency they'll need next may hold XRP.
9) If XRP is cheap to trade with other currencies, people who are willing to buy any currency they can get cheaply may hold XRP.
10) This can lead to a cycle of increasing demand.
Ripple may or may not succeed. Ripple's strategy may change. But that's Ripple's plan, in summary.
Or, even shorter, build a massive, level playing field in which assets can compete to bridge payments, then try to make XRP a winner on that playing field.
This is an ambitious, maybe even crazy, plan. But Ripple has raised tens of millions of dollars, has over a hundred full time employees, and our successes to date speak for themselves. That is, of course, no guarantee of success.
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we have a very good Bullish sentiment
but for the moment i sold little as MACD is showing a small pullback, will update on reversal, for a buy back (if my assumption is true)
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and forgot to mention - if you zoom out the chart, the Gann Fan is at this levels peak, so i expect to see the lower grey line that we can continue
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allright, my anticipation was right, watch now closely how deep we get
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interesting rebound, but still thinking pullback isn't over yet...
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XRP broke out from the triangle
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with that ongoing rise on BTC, i think we will loss momentum and break the grey line again to the next 2 blue lines; goes likely back to the 100 EMA
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great, retrace is over, Bulltrend intact
Expect new highs to come
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for the moment i got out, looking for another entry
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sorry for my last advice - that was bad. luckily i only sold my margin position
now i am building my longterm hold positions on here, will sell 50% at double or above and keep the rest till XRP is fully implemented ETA 1-2 years till we have massively Volume the first XRP trading markets are already starting, Singapore Central bank brought in theirs some weeks ago and i am expecting Japan Banks Consortium isn't far away.