CryptoTank

Crypto researcher and investor. XRP and the XRPL will be the base layer of the New Financial System

[CryptoTank @perseito0000]

I'm getting a lot of comments about XRP price and why it's not moving so let me explain once more how XRP price is determined for the new people to this space and those that still have trouble understanding🧵

[CryptoTank @perseito0000]

Interesting perspective. If we’re treating GESARA, an IQD revaluation, and XRP’s role as a bridge asset as a hypothetical framework, then the key question is whether there’s any verifiable evidence connecting these events in the specific sequence described. Until there is, I’d separate the theory from what we can actually confirm about XRP, the dinar, and global currency systems. Definitely an interesting scenario to think about, though. 👀

[CryptoTank @perseito0000]

@renatomast @munijesusmaria 💫👍

[CryptoTank @perseito0000]

A couple things Crypto Phoenix fails to take into account....

1. 1700 NDA's. CP states that banks cannot add xrp to their books before Clarity and only if xrp price isn't volatile under 1250%. He fails to account for the fact that its very likely the banks are already promised their share of xrp thru NDA's signed many years ago. They don't have to add xrp to their books right away or buy a volatile asset.

2. The DTCC settlement through R3. We know that the 1st thing the DTCC is using blockchain for is settlement on the backend. They already partnered with R3 Corda to handle the big chunk of this. R3 Corda uses XRP as it's primary settlement assest. So how then can R3 use XRP to settle the DTCC's books with a $1-2 XRP? It's IMPOSSIBLE! R3 has at most 1-3% of the total XRP supply. Just do the math. Lets say the settle just $1 trillion through their 3 billion XRP. That's a $333 XRP. Even if the same XRP can be used 10x then that's a $33 XRP.

3. If XRP needs clarity before it can be used then how can R3 use it to settle the DTCC this year? The DTCC goes live in October with Full implementation by December. How will they accomplish this if they can't use XRP since, as CP states, XRP has to be repriced after Clarity?

Crypto Phoenix sounds like he knows what he's talking about. Accents tend to do that with people😁 But if you dig a bit you'll see that his theory has many holes that he fails to address...

[CryptoTank @perseito0000]

@xrplcoffee @Revolut This happens often…

[CryptoTank @perseito0000]

Quant is on an absolute ripper! Wish i would have bought even more. Lol

[CryptoTank @perseito0000]

Buy $QNT Quant If you can! Massive Upside IMO

[CryptoTank @perseito0000]

I've seen a few of Crypto Phoenix's videos and I just wanted to share my thoughts on a few things...

1- He stated that the BIS will designate XRP a Tier 1 asset before XRP price appreciates...
-The BIS will never designate XRP as a Tier 1 asset unless it is systemically important and needed. Which a low dollar XRP can't possibly be. Banks, Financial institutions, and Governments need Deep liquity to cover their books daily, have no friction between counterparties, and settle instantly. Which also means that XRP has to be a much higher price to facilitate this in the 1st place. Crypto Phoenix's theory is not plausible where XRP is designated Tier 1 before it jumps to a high price. Price has to come 1st. At least a 3 digit XRP is needed to get started and likely XRP would need to be 4 digits before Tier 1 was awarded. This could happen very quickly in a matter of days if a global financial crisis ensues. Which is also looking very likely.

2- CP stated that the Clarity Act is needed before XRP price appreciates...
-This is incorrect in my opinion. The lawsuit that Ripple won clearly states that XRP is a commodity and has full legal and regulatory clarity in the US. Nothing further is needed for any Bank, Financial institution, or Government to adopt XRP in their payment flows today. The Only thing that is stopping it is the lack of liquidity and the Depth of the markets for XRP on the XRPL. They need liquidity to be Deep enough so they can settle their daily volume of their books. Once XRP's price is high enough then there will be a Massive jump of demand, volume, and settlement which drives it even higher. I believe the 1st jump will take place through Evernorth, ETF's (especially once BlackRock gets involved), and the coming DTCC going live. Once this happens XRP will quickly hit $50-$100+. That's enough liquidity for the Banks to get started and start pushing more flows of their books through XRP. Then the rest will follow and XRP will hit the high numbers that Crypto Phoenix is talking about. It could happen very fast.

I think Crypto Phoenix has the right endgame destination for XRP though

[CryptoTank @perseito0000]

The next pump for XRP is coming soon. It will be in dollars this time, not cents....

[CryptoTank @perseito0000]

Board the XRP Rocket Ship before it's too late!!!🚀🚀🚀🚀🚀🚀🚀

[CryptoTank @perseito0000]

XRP will shoot up to 3 digits very quickly and most will not understand why

[CryptoTank @perseito0000]

This is a Global Financial System RESET. Buy XRP while you still can...

[CryptoTank @perseito0000]

The Clarity Act didn't pass because the elites Hate what they can't completely control. Now they will be left in the dust of an old outdated system as the new financial system goes live. Things are about to accelerate drastically...

[CryptoTank @perseito0000]

Brad has a picture that shows 20mins to 2. XRP sits at $1.40 range. Interesting

[CryptoTank @perseito0000]

Clarity act fails IMO. I hope I'm wrong though. But the Banks wont allow it. Brad did his best to advocate for it, which makes Ripple look unbiased. With Clarity not passed, XRP is the only digital asset that can be used to save the globe from a Great Depression 2.0.

[CryptoTank @perseito0000]

What bank will be sanctioned this week? My bet is on HSBC or TD

[CryptoTank @perseito0000]

Very interesting🤔
@LordBelgrave

[CryptoTank @perseito0000]

The World isn't prepared for what is about to take place. A lot will be lost but Much will be gained

[CryptoTank @perseito0000]

BIS Working Paper No. 1374 Full PDF
https://t.co/ib7s9IshhG…

[CryptoTank @perseito0000]

The BIS released a chart showing 19,998k XRP is good for 20 billion transactions. Citi bank alone does 20 million transactions per day. So that amount of XRP would give Citibank 1,000 days of transactions. Now imagine how many transactions that tens of thousands of banks, financial institutions, companies, governments, etc will be doing daily in the new system. This new system will need to last 80-100yrs minimum just like the petro dollar system. So how much XRP will each of these sectors need to horde just to do business? It's actually MIND BLOWING🤯 The price will be Extremely high folks! BUCKLE THE F UP!!!