Many people talk about an XRP buyback, but I doubt the FED would ever want to do that when it's much easier to pump the price to $30 or $100 to get rid of everyone. 99% will sell off.
They will then consolidate price to shake out any remaining holders, and the price will pump into $800-$1000.
"Everyone is priced out forever living in regret," so don't live the rest of your life in regret. It's better to accept risk and live in remorse than living in regret.
Hopefully this helps you navigate the new cycle were about to enter and gives you some food for thought! You got this!
And yet simple math tells you a different story :) what would be market cap if xrp reach $1000? then project that value on global economy. So easy to draw some lines on a chart and lose contact with reality...
NeverWishing
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@Tyno, Having another bad day Tyno? ..."Posted from Android on free tradingview acct with 0 Followers" It's always the android users. Anyways understand the utility of XRP and it's purpose. I don't know why free accounts like you have the ability to communicate with all of us who pay to be on here but think of my reply to you as free gift of your presence being acknowledged in a realm where you'd never be acknowledged but lucky for you I have replied out of my own kindness. Enjoy the free treat have a good weekend Tyno.
UnknownUnicorn5219320
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@NeverWishing, though not critical of this analysis, and actually quite fond of it - my question is the same essentially - what about market cap? is XRP's market cap potential 45tril? i can make arguments for this astoundingly large figure - namely and mainly that if XRP will be used extensively and exclusively by banks in the near future for international clearance etc... but i have no info or clarification or knowledge if this is the case... do you? can you point me to this info, because i am so onboard with this analysis... i sense it too, but the 800lb gorilla is the market cap question - fo' real. thank you!
NeverWishing
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@negative-ion, Great question, This was a big argument people had back in 2017 many did not invest due to this argument and clearly it was a bad decision since they missed out on good entry's but as the years passed there have been many videos debunking market cap as being an issue because once you understand the utility of XRP and how it will be used market cap is not the issue anymore. Check youtube many videos on this topic. Here are two examples if XRP had 10% of derivatives market would raise xrp to the price of $50. if XRP handled all of CHIPS payment rails that's alittle over $300 roughly around there. Brad has also stated in many interviews his goal is to make XRP a Global reserve currency and for this to happen you'd need a large market cap for it to effectively operate but overall research the utility. I think this will point you in a good direction to start with and with some research you will have all your answers and it's better to understand it for yourself instead of taking my word because this will allow you to know what you hold allowing you to hold as price increases when utility is implemented. I will leave you with a remark by David Schwartz. According to David Schwartz, Ripple's CTO, higher prices of XRP would significantly improve its effectiveness as a payment vehicle, attributing this to increased liquidity in the market.
Tyno
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@NeverWishing lol, not only you're lacking elementay math skills but also you're showing typical kid behaviour. With so much technology around would take you max 5 min to find out those simple questions....
NeverWishing
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@Tyno, Tyno run the GWP, Market cap,burn rate and study utility of XRP there is your answer how will you learn if I simply tell you. You can even look into derivatives aswell or choose a payment rail like CHIPS check the daily processing volume that payment rails handles and then come up with your own conclusions and price estimations. Any answers you have you know them already you don't need me to answer them for you or close you on any matters. As traders we do our own research and then come to our own conclusions and make decision from there that's trading. Have a good week ahead Tyno.
IasEn
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@negative-ion Even the banks wants to use the tech behind Ripple, why would they use the main net? They can adopt it and use a token of their own. This "analysis" is an example, that people are not thinking, when posting....
IasEn
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@NeverWishing Dude, because you pay for a service, doesn't make a real pro. Your attitude is just a reflection of the statement. Let me give a free treat as well. The Ripple technology is not the same as the main net, formerly a test net. Enjoy. 😉
millcraft
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@Tyno, and yet market cap does not matter for cryptocurrencies. Google it. DYOR
Immortalsouls
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This is Xrp.. and it's not out of the question that $800 can be reached hence why I've done a chart to $1400 for a speculatory possible reason. We also saw Bitcoin go from $2 to $1000 in no time. Now Btc only has 21 million supply but time is now on Xrp's side.