XRP - IT'S ALREADY HAPPENING (and yes, I placed that bet)
XRP / USD TA
Before we even dive into this, let me answer the most asked question!
QUESTION - 'Crypto market has not formed yet, it's too 'new'. You can't possibly think this pattern will repeat. Why would it?'
ANSWER - Because it's 'controlled' by the same group of people that control your stock market or precious metals market or forex market. Crypto market is not new.
Reasoning behind drastic value rise of XRP? + Common misconceptions about XRP use case
1. Why will XRP price rise in value?
XRP value will rise drastically due to banks beginning using XRP as a liquidity and settlement tool for bank to bank transfers. Keep in mind that this will result in drastic volume increase and demand for XRP. After that it becomes ‘Supply vs Demand’ — in other words as demand increases and supply decreases of a good or service, value of that good or service also increases. The faster the demand increase, the quicker the price of that good or service increases.
2. “Banks won’t use Xrapid (XRP) because they already use Xcurrent” — common misconception
That’s a very common thing to hear among XRP critics, however that is completely false. To explain why we first need to identify what Xcurrent and Xrapid are.
Xrapid — XRapid uses XRP as a liquidity management tool to bridge fiat currencies within seconds therefor removing the need for nostro vostro. In simpler terms, Xrapid allow banks to transfer money instantly from point A to point B without having that money stranded between point A and point B for numerous days. To accomplish that an act of ‘buying’ XRP and ‘selling’ XRP must take place, hence where the ‘supply demand’ theory comes from.
Xcurrent — Xcurrent is already been used by financial institutions today. Xcurrent can be somewhat compared to Swift. It’s just a bi-directional messaging/ILP form of settlement between two bank ledgers in real time, but requires held up capital in nostro vostro accounts. In other words, it does not solve liquidity/settlement issue which banks have today. Xcurrent today does not utilize XRP, however Xcurrent 4.0 which is a newer version of Ripple messaging system, does utilize XRP. Banks which are currently utilizing Xcurrent, when ready, will be able to literally flip the switch overnight enabling the use of Xcurrent together with XRP.
3. Why will price rise in value suddenly in matter of hours?
1. Banks are ready to go live, but to enable the system, Ripple will need to ensure that most banks and financial institutions which have signed up to for Ripple Net 'flip' the so called switch simultaneously and in order to do that, XRP itself would need to be valued at a higher price point to ensure smooth and fast transaction rate.
2. Tokenization is another widely 'underrated' subject of XRP's use case. Today, we can't fully fathom the numerous use cases XRP will have, but we know that even today just by tokenizing some essential moving parts of the global economy, including the stock, precious metals market alone would result in the economy working at a completely different level.
4. XRP 900+ Day Support
To this day XRP maintained 900+ Day Support in a form of a Trend Line. From May 2017 this trend line was never broken symbolizing a very strong trend that has developed for XRP.
I’m also keen on pointing out that back from 2014 towards early 2017 we’ve observed similar pattern where we had an exceptionally long support line and accumulation followed by over 90,000% uptrend from support line, with limited to no real life usage.
Finally in order to visualize it a bit better and understand the need for higher value of XRP, think about it this way…
Price per XRP as of time that I’m making this chart is $0.29
In order for a financial institution to transact $1,000,000 today, it would need to free up and have 3,450,000 XRP available just for that one transaction
At $1/XRP that same institution would need 1,000,000 XRP
At $10/XRP that same institution would need 100,000 XRP
At $100/XRP that same institution would need 10,000 XRP
At $1000/XRP that same institution would need 1,000 XRP
And that’s just the payments side we’re talking about, if you knew what was on the horizon, you’d be truly shocked and pleasantly surprised!
You might also be interested in taking a look at this medium term fractal!
Before we even dive into this, let me answer the most asked question!
QUESTION - 'Crypto market has not formed yet, it's too 'new'. You can't possibly think this pattern will repeat. Why would it?'
ANSWER - Because it's 'controlled' by the same group of people that control your stock market or precious metals market or forex market. Crypto market is not new.
Reasoning behind drastic value rise of XRP? + Common misconceptions about XRP use case
1. Why will XRP price rise in value?
XRP value will rise drastically due to banks beginning using XRP as a liquidity and settlement tool for bank to bank transfers. Keep in mind that this will result in drastic volume increase and demand for XRP. After that it becomes ‘Supply vs Demand’ — in other words as demand increases and supply decreases of a good or service, value of that good or service also increases. The faster the demand increase, the quicker the price of that good or service increases.
2. “Banks won’t use Xrapid (XRP) because they already use Xcurrent” — common misconception
That’s a very common thing to hear among XRP critics, however that is completely false. To explain why we first need to identify what Xcurrent and Xrapid are.
Xrapid — XRapid uses XRP as a liquidity management tool to bridge fiat currencies within seconds therefor removing the need for nostro vostro. In simpler terms, Xrapid allow banks to transfer money instantly from point A to point B without having that money stranded between point A and point B for numerous days. To accomplish that an act of ‘buying’ XRP and ‘selling’ XRP must take place, hence where the ‘supply demand’ theory comes from.
Xcurrent — Xcurrent is already been used by financial institutions today. Xcurrent can be somewhat compared to Swift. It’s just a bi-directional messaging/ILP form of settlement between two bank ledgers in real time, but requires held up capital in nostro vostro accounts. In other words, it does not solve liquidity/settlement issue which banks have today. Xcurrent today does not utilize XRP, however Xcurrent 4.0 which is a newer version of Ripple messaging system, does utilize XRP. Banks which are currently utilizing Xcurrent, when ready, will be able to literally flip the switch overnight enabling the use of Xcurrent together with XRP.
3. Why will price rise in value suddenly in matter of hours?
1. Banks are ready to go live, but to enable the system, Ripple will need to ensure that most banks and financial institutions which have signed up to for Ripple Net 'flip' the so called switch simultaneously and in order to do that, XRP itself would need to be valued at a higher price point to ensure smooth and fast transaction rate.
2. Tokenization is another widely 'underrated' subject of XRP's use case. Today, we can't fully fathom the numerous use cases XRP will have, but we know that even today just by tokenizing some essential moving parts of the global economy, including the stock, precious metals market alone would result in the economy working at a completely different level.
4. XRP 900+ Day Support
To this day XRP maintained 900+ Day Support in a form of a Trend Line. From May 2017 this trend line was never broken symbolizing a very strong trend that has developed for XRP.
I’m also keen on pointing out that back from 2014 towards early 2017 we’ve observed similar pattern where we had an exceptionally long support line and accumulation followed by over 90,000% uptrend from support line, with limited to no real life usage.
Finally in order to visualize it a bit better and understand the need for higher value of XRP, think about it this way…
Price per XRP as of time that I’m making this chart is $0.29
In order for a financial institution to transact $1,000,000 today, it would need to free up and have 3,450,000 XRP available just for that one transaction
At $1/XRP that same institution would need 1,000,000 XRP
At $10/XRP that same institution would need 100,000 XRP
At $100/XRP that same institution would need 10,000 XRP
At $1000/XRP that same institution would need 1,000 XRP
And that’s just the payments side we’re talking about, if you knew what was on the horizon, you’d be truly shocked and pleasantly surprised!
You might also be interested in taking a look at this medium term fractal!
Trade active
Trade active
Trade active
Trade active
Comment:
SMASH that LIKE button for support! HUGE THANKS!
Trade active
Trade active
Comment:
Leave a LIKE for support guys! Every single interaction counts!
Comment:
Comment:
Looks a lot like October 31 - November 3
Makes sense to have nice run up before SWELL #xrp
Makes sense to have nice run up before SWELL #xrp
Trade active
Trade active
