Fear not XRP army! XRP has been in a massive uptrend channel it's entire life! So many people out there in the crypto community have negative opinions towards XRP, but here's what it boils down to. Despite what you may think, cryptocurrencies aren't going to destroy governments' and banks' monopoly on money. Banks and governments are going to adapt and they're going to maintain control. I've said that so many times, and it's true. XRP is practically the only cryptocurrency, which has been working with banks, regulators, and government officials since day one. Also, every day, more and more banks are turning to Ripple and XRP. People say "XRP is a bankers coin." So what? What is that money in your pocket? It's money that was created by banks. The notion that governments and banks are going to allow cryptocurrencies to totally destroy their control of money in the world, is beyond unlikely. On the other hand, I think it is far more likely that they will merge into this space. THEY WILL ADAPT. In a world where banks and governments adopt cryptocurrencies, who is first in line? X—R—P
There is a reason why it has the third highest market cap in the space. There's a reason why it has held that spot like a boss, completely unchallenged. In my eyes, the fact that so many people hate XRP, is one of the most attractive things about it right now.
Everyone is so focused on the current price. They're glued to the price action. "XRP isn't moving!" "Bitcoin went up but not XRP!!!" They're all so fixated on price, because that's all they know. Probably a very small fraction of people in this space have the discipline to even do an hour of research a week, which is nothing. Yet, the majority of those people are the ones who talk the most trash.
I love Bitcoin. I really do. But how is that Lightning Network coming along? Oh what? It sucks? Well guess what? You can send BTC on the XRP ledger instantly! Oh yeah, and you can avoid those hefty BTC fees too. That's not even a sliver of the capability of XRP. I still own Bitcoin, but XRP is something very special.
Technically, there is a real path to XRP prices well over $100, and even $200, as you can see on the chart. What we need to watch for though, is a confirmation of support on the bottom of the channel, sometime later this year. If we see a big bounce there, it's game over. XRP is gonna rip the naysayers faces off, as it warps space-time and blasts into another dimension.
I'm The Master of The Charts, The Professor, The Legend, The King, and I go by the name of Magic! Au revoir.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-JD-
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People don't understand how XRP could have a $100 or $200 valuation. They say it's market cap would be way too high, but banks move hundreds of trillions in capital on a regular basis. If XRP captures just a fraction of that value, by being implemented by banks as a cross border payment vehicle worldwide, it could easily have a multi-trillion dollar market cap. I don't know why that's so hard for people to understand. It's probably because 1/1,000 actually do any research.
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Here is a more grounded, short-term look at XRP...
What a bullshit.. seriously are the top authors paid by Ripple or what's going here? I've seen price targets from $180 up to $5000 here... seems the average IQ is quite low here. I mean it was funny at the beginning but it's becoming ridiculous how some "moon boys" thing their useless coin will change the whole world.
Why the f** any bank would use a centralized pump and dump token where the founders control up to 98% of the supply and which you can trade publicly? Who would trust a company which quite often spread fake news and lies about partnerships? If any bank ever would use the ledger technology, they would just simply use a stable coin which is not tradeable on public exchanges.
For XRP to work as an intermediate currency, banks or other institutions must maintain sufficient reserves of XRP in order to respond to requests for transactions. Again: which banks or other institutions would hold billions and billions of dollar in a volatile, centralized crypto currency where the value of it is driven up- or downwards by speculators? Another problem is the transfers from countries with more stable currencies to those with less stable ones, as such transfer generally go only one way. For example, for a financial services firm to handle payments from the US to Guatemala, it would need to have liquidity in Guatemalan Quetzals in order to disburse payments. Liquidity in XRP would be useless or do you expect XRP is becoming completely worldwide the only used currency?
You have a brain... please use it finally. If you're one of those low IQ XRP maniacs, please do me a favor: screenshot this, print it and remember me when in 25 years still no one will use this coin.
tearliner
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@zalokarcapitalcom, u walk through comments and see those delusional XRP fanboys defending poop it's disgusting. XRP/BTC pair is once again -7% today
jonzon21
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@zalokarcapitalcom, Give me your prediction for this "useless" shit coin. I'll give you 3 strikes, eoy 2019 give me a price.......!
zalokarcapitalcom
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@jonzon21, I don't do such prediction because it's nonsense... it's like playing lotto where you choose some random numbers and hope you're right. Not sure what kind of advantage you have doing this, except getting some hope for your altcoin bag.
roann99
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@zalokarcapitalcom, Well they are using it... all the coins of all the banks are not interoperable ... that's why they will use XRP
Rogue7
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You do know that those banks moving multi trillions of dollars can do it over the ripple network without using the XRP token right? Meaning there is NO additional demand for the XRP token other than current speculation.
kardia
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@Rogue7, that they can do that or that they will do that remains to be seen. And even if they do, it doesn't necessarily mean it will always make sense for them to do so.
@Rogue7, I don't doubt that. But will they keep doing it? I trade for Forex market. The major currencies aren't doing too well. If the monetary system changes due to a collapse, perhaps their method of utilizing Ripple's technology will change. Maybe XRP will become the new global currency. Have you considered that?
mishyvouz
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@Rogue7, basically because the banking regulations won’t let them use XRP. However, now that you have money gram as a customer with no regulations holding it back, you will start to see banks use money gram as a customer hence using XRP. Please educate yourself a little bit more.
Why the f** any bank would use a centralized pump and dump token where the founders control up to 98% of the supply and which you can trade publicly? Who would trust a company which quite often spread fake news and lies about partnerships? If any bank ever would use the ledger technology, they would just simply use a stable coin which is not tradeable on public exchanges.
For XRP to work as an intermediate currency, banks or other institutions must maintain sufficient reserves of XRP in order to respond to requests for transactions. Again: which banks or other institutions would hold billions and billions of dollar in a volatile, centralized crypto currency where the value of it is driven up- or downwards by speculators? Another problem is the transfers from countries with more stable currencies to those with less stable ones, as such transfer generally go only one way. For example, for a financial services firm to handle payments from the US to Guatemala, it would need to have liquidity in Guatemalan Quetzals in order to disburse payments. Liquidity in XRP would be useless or do you expect XRP is becoming completely worldwide the only used currency?
You have a brain... please use it finally. If you're one of those low IQ XRP maniacs, please do me a favor: screenshot this, print it and remember me when in 25 years still no one will use this coin.