People have long asked what will be the price of $XRP, when will this “utility” come? In my opinion, now more than ever I see a divided #XRPArmy! One side looking at only charts, taking cues from the past and trends that follow Bitcoin to draw short term price predictions. Whilst others cling to utility, believing that partnerships and the replacement of antiquated systems will drive price. Neither side has been correct nor in the future will either side be correct. XRP, for those not in the know is NOT a security! Why would we continue to pretend it is and make price predictions based on “Securities” in the crypto space? This logic seems counter intuitive and holds back what the team @Ripple set off to do so many years ago.
“If you dare to challenge the status quo you must first believe in what you own and know that anything is possible.”
I have been asked to give my price prediction – with no time frame, no clear understanding of circulating supply or firm dollar amount that equates to a start. All listed items are subject to change and will over time. We are just over 2 weeks from the SEC vs Ripple ruling, 1 week after the FedNow announcement, Congress has just passed the proposed crypto regulation bill to the Senate and we are just 9 days into testing FedNow with banks. Now, @ValhilCapital has written a whole white paper on XRP price, and I will not pretend to think I know any of that math they did. People look at that document in shock and say there is no way. Most of this is due to our own chart analyst's stating it is not in the charts to do that.
Here is the small problem I have with the charts…If you set a range for XRP say $1.00 - $5.00 you are ultimately saying that if one company owned ALL the XRP, YES, all 100 billion they would have a Liquidity Strength (LS) from $100B to $500B. Keep in mind there is a very small burn rate on each transaction regardless of amount. This LS does not account for any growth in the economy, the action of messaging and settling, nor the 24/7 365 benefits we receive using XRP. #SWIFT handles about 44.8M messages a day – these are just messages not settlements and only half of what XRP can do. Now let’s say that dollar value for SWIFT is $7T a day (not 24/7 or 365) – if Ripple through its 10 years of innovation and partnerships were only able to grab 30% of SWIFTs value that would be 2.1T in daily value (approx. 13.2M messages). Now you may say that XRP settles in 1 -5 seconds and that the liquidity would be there. Yes, settlements are quick, however if I were to send a $750M transaction with a LS of say $1.00, that is roughly 10% of all that banks XRP. Furthermore, there is more than one client, and no one wants to break that $750M into 750,000-$1,000 transactions (each having a burn rate).
You still want a price prediction – let’s account for ALL the banks globally, all the XRP that has been burnt, all the XRP you and I own, all the XRP given to other large banks and the XRP given to the creators. Now take the XRP that is on liquidity hubs and exchanges and present an amount that represents a range (make it simple). If I had to guess 50 – 75B XRP at any one-time supporting LS. Now spread that across say 300 – 1000 different banks, liquidity providers and governments.
$1.00 * 75B = $75B
$75B / 1,000 (banks) = $75M XRP/dollars for each bank and/or liquidity provider
Assume all big banks will have more XRP and that small banks will use more liquidity providers.
Assume banks and liquidity providers will purchase from exchanges/us.
Assume Ripple has released ALL of their XRP from escrow to get to 75B
(If circulating supply is less than 75B, price per XRP is exponentially higher)
Given LS is roughly $75M per bank, and J.P. Morgan being a top-tier bank moving more than $8T a day and say due to service overlaps with SWIFT and the assumption that Ripple only captured 10% of that market, equaling ($800B) (remember only 75B XRP is out there) $1.00 is not enough to move that kind of money but that should go without saying! This is just cross border transactions, not derivatives, real estate, CBDC (to include but not limited to foreign countries, banks and projects) technical parallels and NFTs. So, is it hard for you to still believe Valhil Capital and their price prediction?
Now, the part you all have been waiting for, my price prediction is anywhere from $100 - $500 near short term (4 -7 months) why? It all boils down to LS if XRP is $100 at a supply of say only 50B that makes an LS of $5T and at $500 that gives us an LS of $25T. This gives the market room to breathe, allows for growth and ensures no one company needs to own billions of XRP to perform day to day operations. Now how and when will this happen? How and when for me are tied together. It has always been what the creators have stated, “A flip of the switch” I say this as I believe there will / has been an evaluation for XRP, like gold. This is how they will price you out, this is what I believe @RosieRios meant when she stated, “The train has left the station” and this is how the governments control the next world of finance! #IHopeThisAgesWell 😂
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If you are interested in the #XRPHolders 🆚 @SECGov 🆚 @Ripple case then @CryptoLawUS is a must resource. We have a document library with legal precedent and an amazing time-line video library assembled from the exhaustive efforts of the #XRPCommunity “Twitter Sleuths.”
UH-OH. The SEC is going to be forced to admit that there is nothing in an of these contracts that created an expectation of profits by purchasers of XRP. That's a big problem for the SEC.
And also, most of Ripple's Requests for Admissions were stricken - but we expected that. :)
#XRPHOLDERS vs. U.S. SECURITIES & EXCHANGE COMMISSION
NOTICE OF PENDING LEGAL ACTION
#XRPCOMMUNITY PLEASE FORWARD TO ANY #XRPHOLDER WHO OWNS #XRP AND WISHES TO JOIN IN THE CLASS ACTION LAWSUIT TO BE FILED AGAINST THE SEC
Please be advised that, after I file the lawsuit
A very important reminder!
Thus far the world has heard the SEC's version of reality. The legal process will unfold from here and the world will have a much more robust and complete picture of the facts soon.
As an #XRP holder, I do not, nor have i ever been, under the impression that I am entitled to shareholder rights for purchasing the virtual currency XRP.
@SEC_News@Ripple
Copy & paste if you agree
Asking all XRP holders to post and pin this to their timelines. We the people have a voice, let it be heard! #xrpcommmunity
As an XRP holder, I do not, nor have i ever been, under the impression that I am entitled to shareholder rights for purchasing the virtual currency XRP.
Currencycloud, a Ripple partner, has begun Spark, a multi currency wallet for businesses. Starling, TranSwap & Remitr (also a Ripple partner) among first to sign up.
https://t.co/JZhkvFZo65
Bradley @RobLicker@Kevin_Cage_@LoveForCrypto17 @cryptopolis_x @Razgaard@xrp_stuart
This is for the haters & hype police, that don’t believe that XRP was created with the intention to be a “Global Reserve Currency”....choke on this from straight out the mouth of Ripple’s CEO!!
Always great chatting with @jchatterleyCNN – thanks for not 'dodging' the tough topics: regulation, IPOs and global adoption of crypto in cross-border payments.