Ripple is a database operating company.
XRP price can be anything the company deceits to sell it, basically whatever they think they can get away with.
The few xrp (in relative terms) available to trade on the open market have no influence on price.

XRP is akin to diamonds in the real world, almost totally worthless with a massive mark-up in sell price.
Inflation at some stage will catch up to this shenanigan operation. Over 80% of all Bitcoin is already available to trade freely. Over 80% of XRP still need to find a buyer.

Ripple is a company which operates a (broken) Database. XRP has nothing to do with blockchain tech.
The price can be anything, whatever the company set it at. It is literary a gauge how big a fool can be found to support the certified scam.
Ripple investors take full advantage of xrp buyers nativity, ill-information or stupidity that is why they invested in the company.
XRP in the long term is a disaster as inflation will catch up one day. About 10% of XRP is freely available to trade right now compared to over 80% of all Bitcoins.

Banks build there own competing Database Project Project Ubin (Just copied the code ) and or project jasper.

Hi Ripple investor creep.
Did you really need to make new account and tread, trying to ease some money out of xrp "investors" to get the cash into your pocket. 

Ripple investors from the beginning banked on the naivety and/or stupidity that someone will buy XRP at 1000 of percent over actual price.
Ripple investors gets xrp for $0.008 the sells it for $0.2.

Banks build there own competing Database Project Ubin (Just copied the code ) and or project jasper. Banks are in the business of charging fees not paying them, or relying on little johnny having a couple of xrp, lol.


At some stage Inflation will catch up with this database operating company (proven not a blockchain technology)
To keep pace with Bitcoin 25 million xrp would need to to be added to circulating supply every day, less the 2 million on average is sold.
Next Month 80% of all Bitcoins will be on the market.

Even if all banks choose to "work with Ripple" a single xrp  worth $ 1 would work just fine.

XRP, Long term, disaster in the making.
Inflation will catch up with this company database (proven not a blockchain technology)
To keep pace with Bitcoin 25 million xrp would need to to be added to circulating supply every day, less the 2 million on average is sold.
Next Month 80% of all Bitcoins will be on the market.
90% (60% depending on viewpoint) of xrp still need to find a buyer, once this avalanche of xrp hits market run for the hills.

Banks now build there own competing Database Project Ubin (Just copied the code ) and or jasper.

Ripple investors take full advantage of xrp buyers nativity, ill-information or stupidity.  Ripple investors gets xrp for $0.008 the sells it for $0.2

Who, with a healthy mind will pay $0.2 for one xrp when the previous owner paid just $0.0085 (the real price) for it a moment ago?
Out of the thousands of coins, xrp has probably the worst inflation rate.  90% (60%  depending on viewpoint)  still need to find a buyer.

Inflation sooner or later will kill this well known scam. Of the thousands of coins available not to many have less than 50% not "circulating", certainly none which with this age.
To keep pace with Bitcoin 25 Million of XRP should be sold every single day, none have been added to available supply since Aug. 8. Right now just the few really freely trade-able get sold back and forth. The fake fabricated price displayed on screen only aids Jeb of accumulating more as he can easily sway direction with his holding of a quarter of all circulating xrp.

The price of a XRP is more or less fixed by contractual agreement for the next few years. Ripple and R3 know the proper price of one XRP to be $0.0085 USD thats what contracts are signed for.
Who will pay $0.18 USD per xrp when the last holder paid $0.0085 USD for it?

Not a single XRP has been sold for a Month and a half, only the existing once getting traded back and forth.
In a Month or so Bitcoin will have 80% of all coins on the open market. XRP falling daily further behind and still need to sell almost 61.65% of total.
Disaster in the making.
By contractual agreement R3 is buying XRP for $0.0085 USD (the real price as agreed by Ripple and R3) a piece for the next few years which they want to resell with a few thousand percent mark up.
Who is going to pay $0.18 USD per xrp when the last holder paid $0.0085 USD for it?

Added to total supply:

Funny how Banks (R3) and Ripple know exactly how much a XRP is worth ($0.0085 USD) the next few years. Thats why contract was singed.
Only noobs here are totally detached from reality.

No xrp has been added to circulating supply since August 5 ??. It is on the way to become a pyramid game reselling the same xrp over and over until biggest fool is found. Massive amount (61.65%) still need to find buyer, in compensation 21.15% of Bitcoins need to be mined and sold.

XRP is a good laugh that much is clear.
It separates the sheep (xrp bag holders) from the wolves (Ripple investors) like nothing else. Ripple investors drowns some bait out with some crap story and xrp dart reaches in his pockets and sends his money. Ripple guy says it much better in my pocket anyway because you have no appreciation for money.
xrp is the equivalent of "pet rock", "canned air", "lucky wishbone"......
Would be embarrassing to be considered the same species as a xrp holder.
  

It is sliding day by day further into fraud territory and soon becomes a fraud investigation, not a shenanigans observation.
The required 24 Million a day to keep pace with Bitcoin is certainly not happening.
Right now Ripples XRP can not even keep pace with Dogecoin which is mining and selling almost 14 Million per day with about the same total supply.



  

Lol, another one of the is it dead threads.
If Doge is dead then XRP died long ago. There is currently almost 14 Million Doge mined and sold daily not a single XRP has been sold in over a month and both have about same total supply.

Here is price movement site by side for Doge (times 100) and XRP from beginning. (3.5 years)
Currently XRP $0.2230 and Doge $0.002151 (times 100 $0.2151)

Bank of Amerika Merrill Lynch USA
cross river bank USA
StarOne USA
NBAD National Bank of Abu Dhabi
nab Australia
SCB   Thailand
SHRB China

This Banks are no longer Ripples clients, never where going to use xrp anyway. Some of them probably sold the free gifted xrp and said thanks to the believers.
If there would be any money be made with this scam the Banks with the "inside knowledge" would be all over it buying like mad not selling it.
Bank of America in now part of Project Ubin a competing Database. (Just copied the code )
All Banks eventually will be part of a project like ubin or jasper and not be a Joe Blow client because he holds some xrp. This is about as dumb as it gets.
XRP is a intelligence barometer, some "thin air" sold (xrp) means some some brain dead slaves have been positive identified and Ripple takes full advantage of them.

No sales again for several days (lets not even talk about confirmed sales).
The last 2 months Bitcoin added 0.57% of total remaining to circulating supply and Ripples XRP only 0.0525% of total remaining to circulating supply, means 61.65% still need to find buyer.
Thats only 52,454,093 Million xrp in over 2 months but daily it should be 24,000,000 Million sold to keep pace with Bitcoin. Right now falling further and further behind.
The age of this coin and still not managed to get 60% of coins on the market, total disaster.
XRP is not backed by anything other than lies and decide. It is just some price displayed and thats it, same as fiat. Exactly what is to expect from a doggy company.
 






Opening post with all info

And no, Banks dont use XRP. Since when Banks shy away from money? Being at the forfront would they not buy on mass instead disposing the free gifted (useless) XRP.
Banks are in the business of charging fees not pay them thats why they make the own projects, research "Project Ubin and Project Jasper".
The projects just copied XRP's code and use the own system.

Another load of Ripple fud from a total new account.

Banks are in the business of charging fees not pay them thats why they make the own projects, research "Project Ubin and Project Jasper".
The projects just copied XRP's code and use the own system.

No, 38 Billion are not available to trade.  Jebs 9 Billion are included in Marketcap calculation but he can not sell them now aswith they are not freely trade-able as is the case with many of the circulating supply. Marketcap is proven wrong. Less than 10% is free available.

Ripples past xrp sales for the last 2 months is here. Also if the same sales speed is used as Bitcoin right now 24 million would need to be sold daily. Only tax payments would prove how many really have been sold.
https://bitcointalk.org/index.php?topic=2019899.msg20734525#msg20734525

Dogecoin and Ripples XRP have about the same supply. A side by side past price view with Doge price times 100. At least Doge is a Blockchain and not just a Distributed Database.
Price history of past 4 years.

One company and one company only sells all XRP = 100% Centralized
Something decentralized can not have missing data as it is the case with this garbage.

A service does not make it decentralized. Its like saying Walmart is decentralized because it has stores scattered all over.   All Sales still congregate at one place from which sales tax is paid (or not).

Ripples problems are many. One of the biggest is continuous misinformation just like op again. It is not a San Francisco Company as no xrp sales tax is paid in California and it is certainly not a Blockcain. Blockchains dont loose data because it gets overwritten and supply does not become less form time to time.

China is as good as cash less this days.  Just about every payment is with WeChat and to a lesser extend Alipay mobile phone apps.
It is instant and 100% free, in fact you get paid using it (occasionally).
It goes as far as Apple complaining about its phone being used exclusively for one app.

China is as good as cash less this days.  Just about every payment is with WeChat to a lesser extend Alipay mobile phone apps.
It is instant and 100% free, in fact you get paid using it (occasionally).
It goes as far as Apple complaining about its phone being used exclusively for one app. It has spread outside of china too, dudy free shops and international airports.....

Last year half of Kenias GPD was sent using M-pesa, Vodafone mobile data, talk time payment system which has real value. It is now expanded to 10 countries including India. Talk time- mobile data has real value unlike XRP some fictional numbers put up by a San Francisco Company and backed by nothing else as lies and deceit.
XRP is certainly not an investment or a store of value, pure high risk gambling.

Ripple is not Blockchain technology it is a distributed database and is 100% centralized as one company selling all XRP and one company only.
Having 55 validating notes at different places just means some measures have been mate not to lose all data again as happened before.

This is what happens when central database servers running out of disk space
Ledger 0 to 32569 lost for ever and Genesis at 32570 For example have a look at ledger 666, or any number lower then 32569

by contrast proper revolutionary world changing blockchain technology
Genesis  at 0


 It proves it is not a decentralized blockchain.
You can not 'loose' part of a decentralized blockchain.
What is xrp backed by, other than lies and deceit?

Again and again Banks make the own distributed database (Project Ubin) and in the Business to charge fees not pay for it.