XRP itself needs to grow in value so it can be used for the billion dollar transactions so it does make sense.
That being said…I have no idea where XRP will reach in this bull market. I think 5 USD is mid-range. I’ve heard people say as much as 10USD which sounds bizarre.
Xrp isn’t just used by financial institutions but also companies that provide retail transfers.
Banks are not using XRP to send money as part of their operations. Xrp is a public blockchain, which bank wants their transactions and where to logged for the entire world to see.
Plus look at this graph. It’s one of the most speculative and highly volatile assets of anything you can possibly buy.
Banks absolutely will have partnerships with ripple labs over the technology to develop private blockchain solutions but ultimately that does not increase demand for the XRP the token.
And even for non institutions if you wanted to send money to your friend or family cross border. Unless they immediately cash out the second it arrives (which will still incur fees from exchanges and banks to get the money into actual Fiat into your bank account) the price is so volatile and speculative it would almost certainly not be worth what you sent.
There are actual USD stable coins you can send across the world if you actually want to send money to someone/somewhere.
I bought a tonne last week as a swing trade because all of the 2018 bull market coins are pumping but you can put XRP down as having a 100% chance of having one of the steeper retraces in crypto exactly like last bull run once this cycle is over. Applies to all coins but don’t be caught bagholding it.
Sorry, I think you’re largely mistaken and it’s a common point a lot of anti-XRPers make.
Your posts covers a lot but there are institutions that are using XRP for remittance whether its Bank to bank or retail to retail.
I work for Bank of America, whilst we are not using XRP due to a lackbregulatory guidance, Standard Chartered and Santander are. The price volatility of XRP isn’t an issue because of how fast and scalable it is. There’s a reason why XRP is probably the next best pair for any currency given its liquidity and how quickly transactions settle with finality and the cost.
I agree that XRP has been the most volatile in terms of price but its probably one of the very few coins that has a utility purpose.
They are using Ripple technology they are not using XRP the token.
“ Santander, a large Spanish bank, has been using Ripple’s xCurrent software for cross-border payments since 2018. The bank does not use XRP. PNC went live with xCurrent at the end of 2019. Bank of America has [partnered with Ripple since 2016] All three declined requests for comment”
As I said tonnes of banks have partnered with ripple for the technology but they are not using XRP for the transfers.
The price volatility in a practical sense is an issue. Let’s say I want to send 100k USD value to someone so I send it in XRP, they receive it in one second. Unless they are sat there and converting it to USD or a stable coin immediately as they receive it that 100k could be 90k or 110k an hour later.
So if you want cross border payments why not use an actual stable coin?
If it’s internal payments especially, there is zero benefit to using a public blockchain over creating a private one using ripple technology.
Ripple labs technology = Awesome
XRP the token = not so much.
When you use any of the toolsets involving XRP, you do not “sit” on XRP. It settles in the required currency.
Your comments about XRP token are right and wrong. The token itself doesn’t mean much but in conjunction with what it offers as a currency is. That’s the value in it.
I think you misunderstand the importance of liquidity, settlement and cost. These are aspects that are fundamental to remittance and the like.
You can use stablecoins if you wish, but not all stablecoins are compatible with each other. Also, you need a market for a stablecoins to transact, what if there’s no liquidity between stablecoins? Connect the dots its not that difficult.
To add, I can tell you that institutions are using XRP. Less so the big boys because of regulatory clarity but in emerging markets XRP is being used. Whether its to the volume people would think is mainstream is another question but the point is that it has more to show for itself than probably most other coins.
I don’t see any European/American company using it as a solution due to regulatory issues and I don’t see global institutions based out of Asia using it for the same fear. I also don’t know why retail would need to use XRP.
So the only people I really see as a use case for are smaller emerging market companies. It’s price will have a huge pump this cycle I’m certain however once it’s over I just believe the floor for it’s actual value derived from its actual current use cases is so low that it’s graph will look almost the same as 2018.
I simply do not see widespread adoption of XRP. I could be completely wrong and I’ve already made my mind up as you have. I’m happy to be completely wrong though if it makes lots of people very rich.
It’s not just ripple. Literally 98% of coins are up.
Alt coin season as mentioned a few months ago is truly in place. Enjoy it for now.
I’m certainly not an expert, but I have heard from some people who are, and they are predicting that Ripple could hit 9usd by the end of May this year. I will keep mine in and just wait and see.
I would bet my house it will not hit 9 usd by the end of this May nor actually by the end of this year. It simply doesn’t make sense mathematically. Its market cap would need to be in the trillion.
Also - just a heads up, come end Summer or even before that it is time to cash out. You heard it here, do your own research. 
I’ve read about this. End of the current bull market is predicted somewhere in between September 2020 and February 2021. But you’re confident that will be the end of the summer (so early September 2020)?
Define summer 
I suppose you mean 2021? 
According to most who have been active in crypto it’s around September. But, my 2 cents of advice is to not wait to time the top perfectly and get out a bit earlier. You never know when the big whales start selling off their profits. Can be September, can be August, can be October. Better safe than sorry.
Many coins already did a minimum of 5x, some 10x and some even 20x.
Don’t be greedy, play it safe and enjoy the gains. Load up for the next run, once things drop and the bear market starts.
Appreciate that mate.
My girlfriend has made £230 off of £100 in dogecoin 
so she’s got £330 in total of dogecoin lol
Dogecoin is one of those that did an easy 5x without having great utility. In fact, maybe thanks to Elon Musk it will have some sort of function in the future. Would be quite funny to have a meme coin become legit.
My girlfriend also holds Doge And Ripple. So she is in a fantastic mood lately
I traded my £50 worth of Doge coin, for VET, thats now up to £85-00…so I’m pleased with that decision.
European banks would use it because the European regulators are pro blockchain. The BoE are already proponents of XRP and are using it for RTGS.
Just because it hasn’t been publicly announced doesn’t mean it isn’t happening.
I would like to add that Ripple have a pretty decent concept of CBDC’s, and no doubt would it involve XRP as a bridge where necessary e.g. MXN-KRW which would be MXN-XRP-KRW.
I agree all alts will pump - the case for XRP is a bit unique in that it still hasn’t hit it’s ATH compared to previous coins, it’s still being handicapped by the SEC lawsuit. If i’m not mistaken, XRP is probably the most parabolic coin both in a good and bad way.
I also agree 9USD sounds insane and very unlikely. 5USD sounds more plausible. However, in Crypto, anything is possible. Do not be fooled by “market cap”. Although it can act as a benchmark, that’s all it is. Do you honestly think BTC is worth the market cap it is? And all the other coins? Hell no. That just shows how market cap itself is a bit redundant.
My girlfriends dogecoin is now worth $1,000 on a $100 investment lol
Only problem is she can’t figure out how to sell on the binance platform and I’m at work
Been a good time to be all in on the solana ecosystem.
