True. Its very difficult at this moment for sure.
My point here though was that there will be no pumps when RippleNet goes live.
There will be steady grow both from the huge demand and that XRPs get destroyed when used.
Banks want a steady and reliable currency. Not something that fluctuate like crazy.

That said, XRP seem to have reached its current normal range now. Around $0.20.

Maybe you should have investigating a little better before selling.

Bank of America is actually partner with Ripple  
They are currently preparing to use blockchain for the future.

https://ripple.com/insights/announcing-ripples-global-payments-steering-group/

PS: The list of banks signed up to Ripple have grown a lot bigger since that article

Because RippleNet is not live yet...
No institution or bank is using Ripple and XRP on everyday business yet. They are still in testing mode. They will go live later this year.

That is because nobody is using XRP yet. They are doing testing at the moment.
XRP is currently in beta mode

Depends a bit on what announcements that comes for Ripple, but the value for sure will go straight up when Ripple lock down the 55 billion XRPs in to escrows. Big institutional investors will pile on then.
So $1.8 is possible this year although I think it will be a tiny bit over $1 if not hug $1 by the end of this year.

Anything between $2-$10 is probably happening next year. Ripple have the system in place and ready for going live. They just need to get all the clearance they need from banks and federal groups, and we will see a snowball effect with value shooting up. Both banks and Ripple want the price to go up.

Already now XRP is coin #3 in market cap, should easily surpass Ethereum soon

Haha, and the rest will just follow?

Nah, more like "who is that silly man?! Oh well prepare to bleed while I dump my coins" is probably what they will think 

XRP will eventually reach $10 for sure. Just needs to go live first.
Totally agree with you. Ripple and XRP have a fantastic network that will revolutionize banking and transactions. Get onboard while you can

The upswing began almost a day before Ripple started the countdown though. And its been nothing but good news heavily covered by various news sites and the value didnt even move. So this is probably a correction rather than value increased by hype. Ripple belongs in the 0.4 now atleast.

Ripple network isnt even live yet, they have said it happens this year. Which the countdown could be about.

Watch the value go to the moon when it goes live 

So it is now I should delete your post like all the other silly selfmoderated anti-Ripple threads you made?
Sorry, but Im not sinking that low.  

But Im happy to tell you that you dont seem to understand why banks would want to reduce costs for transactions. See how I highlighted banks? Thats because when cost goes down for them, it doesnt nescessary mean it goes down that much for the customer in that bank either....More profit for banks and more reason to jump onboard with XRP.
Second, cost is just one thing Ripple does much better than the transactions today. Speed is just as important. 10 seconds instead of days...Now we are talking. There are demos of a banks sending funds to each other with Ripple on Youtube. Really impressing stuff.

If you have followed the news about Ripple instead of trying so hard to spin anything negative, you would have known that Ripple have already siezed the XRPs Jeb owned. They blocked his attempt to sell them. Years ago..So there are still a total of around 100B XRPs available in the ecosystem.

XRP is required for multi-currency transactions. Which is what every bank does every single day.
In addition, using XRP reduces cost by 60% while using the network but not XRP reduces costs by 30%. So for banks that does millions of transactions there is a lot of money to be saved by using XRP even when its not required.

Look at this presentation from SBI, Japans biggest bank, which will be using Ripple when it goes live. See page 35 and 37.
http://www.sbigroup.co.jp/english/investors/disclosure/presentation/pdf/170301presentations.pdf

The XRPs in the escrows are cryptolocked in escrows that is only available when certain requirements is met. Ripple have pledged and wont use these for profit.

So Ripple (XRP) is currently up 40% today and hopefully will continue to rise much higher where it belong. But there is something that needs to be cleared about XRP and its how Ripple and the market function around it since people think Ripple control and own 100 billion of them.

When Ripple created the network they created a total of 100 Billion XRPs. These coins or currencies, is a key element of the cryptonetwork and have a big purpose, which I wont explain here, but you can google it to learn about it. Short story: Reduces price of transactions and is involved with multi-currency transactions.

100 Billion XRP exist in total:

55 Billion XRP will be locked down in escrows this year. These XRPs will only be available to spend on expanding infrastructure and network, ensure enough supply for banks and the customers to use since XRP is a key element to lower cost for clients and to do transactions between different currencies (like USD to EUR). They will never be used for Ripple to cash out since the escrows control the XRPs, not Ripple.
Ripple have locked down these XRPs in 55 escrows. Each month there will be 1 Billion available to use for the tasks above. The remaining that are unspent will be locked down again, and will be available 55 months from that. And on and on we go. This is a perfect way to ensure stability and enough supply for future when Ripple network grows huge. Right now when the network are not in usage by banks, ~400 Million XRPs are sold each month. You can imagine the amount once Ripple goes live with many banks using it.

38 Billion XRP are open for you and me to buy on the open market. On exhanges like Bitstamp, Kraken etc. To be a part of this opportunity and hope Ripple becomes a success.

~6.5 Billion XRP is what Ripple, the company owns. These are the assets that among other things determine their value and what they can choose to cashout. Currently 1 XRP = $0.25. So in total Ripple sits technically with value worth $1.5 Billion. Which is absolutely nothing compared to what they are trying to be a part of: An industry that move around trillions of cash every single day. The potential is huge for a much higher value.

So I hope this clears up a lot about the misconceptions about Ripple.