XRP is one of the most suppressed digital asset out there!
It’s been valued way below than what I think it’s going to be valued in near future.
Investing in XRP when the price is still low is once in a lifetime opportunity.
Why is that?
Okay, let me start by asking you a simple question.
What is the basic use of cryptocurrency? Why it exists?
According to Wikipedia, “Cryptocurrencies are designed to work as a medium of exchange to secure financial transactions”.
Now out of the 2000+ cryptocurrencies in the market, none of them are capable enough to settle transactions instantaneously & cheaply.
Not even Bitcoin or Ethereum could do that! In fact, they are slow, sluggish & very expensive.
A 10$ bitcoin transaction would take hours to settle & on top of that will also incur a huge transaction fee.
Therefore, how can anyone use them as a medium of exchange!
On the other hand, XRP can even settle a 10,00,000$ worth of transaction in seconds & will just incur a very small negligible fee.
My point is, XRP has an actual use case.
Ripple XRP Price Prediction
Ripple XRP is the only cryptocurrency which has partnered up with more than 200+ financial institutions.
Name one cryptocurrency which has even partnered with a single financial institution?
And partnering with financial institutions is a good thing. Because guess what? You cannot get rid of banks anytime soon!
They are all very much needed by our society for maintaining the ecosystem, giving out loans & what not.
But again, XRP is being constantly punished by the crypto community for doing good.
Yes, you heard that right. XRP is being punished by the cryptocurrency community.
People who have invested in Bitcoin, hate XRP.
Bitcoin community which is immensely large & popular is now screaming at ripple price prediction. They are literally brainwashing any newcomer in the crypto space, that it’s a shit banker’s coin.
And you know why? Because they are scared! They are scared that if XRP takes over, they’re gonna lose their investment with Bitcoin.
You cannot imagine the number of people who are so heavily invested in Bitcoin. They’re even ignoring the true purpose of bitcoin.
Bitcoin was born to become a worldwide currency but it’s actually failing.
And now, Ripple is carrying Bitcoin’s legacy which they’ve failed at.
Cryptocurrency community can spread as much FUD as they want about ripple price prediction, but they won’t be able to stop this beast from getting out of its box.
If you remember, XRP was the best performing digital asset in the last bull run of 2017. It has given investors maximum returns in terms of percentage.
In that bull-run, it has surpassed 3.7$ price point & was on the verge of breaking all the records!
And to finally put an end to the rise of XRP, a renowned website named “coinmarketcap” mislead people all around the world by manipulating the price of XRP on their website with lame excuses.
“Coinmarketcap” created huge panic among investors by showing the false price of XRP on their website.
And guess what? They’re not even apologetic for such shameful act.
We might ignore these facts but the industry leaders won’t.
Earlier Ripple used to approach financial institutions, but now these financial institutions are approaching Ripple for partnership.
They’ve all signed a non-disclosure agreement with Ripple and is testing XRP for cross border payments & remittance.
Some of these financial institutions are as follows:
If you think with a broad mindset then you’ll realize that XRP is not aiming to compete with bitcoin at all. In fact, they’re preparing to compete with SWIFT!
Yes, let that sink down for a moment. XRP is preparing to compete with the SWIFT payment system.
SWIFT is a global standard for transferring money from one country to another country. Almost all the major banks use SWIFT payment system & it almost accounts for about 90% of the cross border payments.
Several banks & small financial institutions have already tested XRP for settling international payments.
According to their results, they find XRP a very cheap & fast solution to settle those transactions.
While SWIFT has taken 3-4 days as well as a huge commission to settle the whole transaction, XRP just took some seconds & a minor negligible fee to settle the same transaction.
Thus, these banks are saving a ton of money with the help of Ripple XRP.
Slowly but gradually these banks & financial institutions are siding with Ripple. Ripple has already built a payment protocol for them to use.
Now, I personally believe that Ripple XRP will take over 90% of SWIFT’s business. But even if it manages to just grab 10% of SWIFT’s share, then also it will easily surpass 50$+ price point of per XRP.
Today, 5 Trillion dollars + worth of transactions are happening on a daily basis globally via swift.
Ripple is doing everything in its power to capture that market share & they’re quite successful in building up the foundation for it.
Every week, more than 2 banks or financial institutions are signing up with Ripple Company.
Ripple is offering them their products xVia, xRapid, xCurrent & xPool for testing.
In some cases, Ripple is also offering them XRP token in a large bulk amount on a condition that they aren’t allowed to sell those XRP’s on exchanges.
XRP transactions are as fast as VISA transactions. And unlike SWIFT they’re 90% cheaper too.
Please realize that the market is demanding cheaper & faster remittances. And believe it or not, we’ve come way far with XRP and there is no way that we’re going back now.
50$+ ripple price prediction is a very small amount for the circumstances which I’ve discussed in this post.
What is your ripple price prediction for this year? Do let me know in the comment section below.
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