Unfortunately, with the current demand for Ripple related products, such as xrapid, xcurrent etc it's just not enough to support the price at these levels. $13 Billion market cap for a company that does daily remittances of max $1 Million for Euro-exim, sendfriend, moneygram etc is simply abysmal numbers and cannot possibly support the price at $0.30 for much longer. If you were to give XRP a fair value for the actual daily remittances it handles you'd be hard pressed to say it's even worth $0.10 at this stage. Absolutely pathetic hype coin that is circle-jerked by fanboys in a giant twitter echo-chamber. These people are insane, and they illustrate why group-think is such a toxic and dangerous force. The most worrying aspect about this community is the fact that the emotional and psychological trauma induced by financial ruin only seems to make their dogma and fanaticism even more extreme. The fact that the CTO dumped $2 million of his XRP holdings days before a massive dump in the market is all you need to know as to why Ripple and XRP are complete failures. If the CTO of Amazon dumped $2M of AMZ shares investors would be furious.
Ripples inability to scale is due to the fact that their infrastructure is juvenile at best and relies on dozens of dodgy exchanges with terrible security and no insurance. People honestly think that central and commercial banks are going to suddenly pump trillions of dollars into half-baked cash exchanges with no transparency whatsoever? You think this coin is going to go from $0.30 to $589 due to some vague quasi-anonymous report by some half-wit known as Shane Ellis? Do yourselves a favour and look at a total crypto-market cap chart, and tell me how that thing is suddenly going to go vertical +38000% from here? It's not going to happen. People honestly think that XRP is decoupling from BTC. The way I see it is that so many people have been scammed into thinking that it's going to be the worlds global bridge currency that they've been supporting the price at much higher levels than the rest of the alt-coins. XRP never got a chance to fully tank and bottom out, like all the other cryptos did, because so many people have had such unrealistic and wild expectations for an imminent price increase. Now that those expectations are being continually eroded, XRP will finally get the major sell-off that it needs in order for investors to rebalance their understanding and expectations of Ripple and XRP. Ripple can return to being a sub-par slow inefficient company constrained by government regulation and monopolies, and investors can finally move on with their lives.
Ripples inability to scale is due to the fact that their infrastructure is juvenile at best and relies on dozens of dodgy exchanges with terrible security and no insurance. People honestly think that central and commercial banks are going to suddenly pump trillions of dollars into half-baked cash exchanges with no transparency whatsoever? You think this coin is going to go from $0.30 to $589 due to some vague quasi-anonymous report by some half-wit known as Shane Ellis? Do yourselves a favour and look at a total crypto-market cap chart, and tell me how that thing is suddenly going to go vertical +38000% from here? It's not going to happen. People honestly think that XRP is decoupling from BTC. The way I see it is that so many people have been scammed into thinking that it's going to be the worlds global bridge currency that they've been supporting the price at much higher levels than the rest of the alt-coins. XRP never got a chance to fully tank and bottom out, like all the other cryptos did, because so many people have had such unrealistic and wild expectations for an imminent price increase. Now that those expectations are being continually eroded, XRP will finally get the major sell-off that it needs in order for investors to rebalance their understanding and expectations of Ripple and XRP. Ripple can return to being a sub-par slow inefficient company constrained by government regulation and monopolies, and investors can finally move on with their lives.