[XRP] Ripple Speculation

[JollyGood]

Sometimes I checking my telegram channels and reading just article headlines. Looks like XRP doing a great job with companies from the real world with real usage.

That is a key point because XRP and Ripple network is being used/tested by several financial institutes and has potential to be of use in the real world transactions.

Yes its even a big and famous bank in some country testing and starting to using ripple network more parthnership will help boost mass adoption of the ripple in the future

I hope Western Union and Santander Bnak continue with their testing and even implementation of using Ripple.

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[ðºÞæ]

Sometimes I checking my telegram channels and reading just article headlines. Looks like XRP doing a great job with companies from the real world with real usage.

That is a key point because XRP and Ripple network is being used/tested by several financial institutes and has potential to be of use in the real world transactions.

Yes its even a big and famous bank in some country testing and starting to using ripple network more parthnership will help boost mass adoption of the ripple in the future

I hope Western Union and Santander Bnak continue with their testing and even implementation of using Ripple.

Two sane people transaction with crypto currencies


Two Jollys at work (could someone inform them where are in the crypto age)

[Diamond_Darrell]

So, one second, I got out of creogenic freezing and missed a lot: I fell asleep on the news that RIpple claimed that XRP is no longer associated with them ... Someone, explain to me, maybe it was a dream?

[Branko]

Sometimes I checking my telegram channels and reading just article headlines. Looks like XRP doing a great job with companies from the real world with real usage.

That is a key point because XRP and Ripple network is being used/tested by several financial institutes and has potential to be of use in the real world transactions.

Yes its even a big and famous bank in some country testing and starting to using ripple network more parthnership will help boost mass adoption of the ripple in the future

I hope Western Union and Santander Bnak continue with their testing and even implementation of using Ripple.

Two sane people transaction with crypto currencies


Two Jollys at work (could someone inform them where are in the crypto age)

In your first picture, two INFORMED crypto users use XRP to transfer value

In your second picture, 90 year old grandpa USA is sending fiat money (because he has no clue what crypto is) to his 5 year old
grandson in Columbia (he don't even have computer or mobile phone) using XRP

I'm glad you finally got a clue and understand XRP has use case for everyone (unlike some other cryptos)

[JollyGood]

In your first picture, two INFORMED crypto users use XRP to transfer value

In your second picture, 90 year old grandpa USA is sending fiat money (because he has no clue what crypto is) to his 5 year old
grandson in Columbia (he don't even have computer or mobile phone) using XRP

I'm glad you finally got a clue and understand XRP has use case for everyone (unlike some other cryptos)

That post from that user was not even worthy of a response from me. I have him on IGNORE now.

Ripple is a fantastic network, it is not perfect just like other crypto are not perfect but it is a great investment.

[bbc.reporter]

Actually, BTC is one of more centralized ones, both by pools (3 or 4 big ones can do 51% attack), and by country (China alone can attack it)

Agreed! Bitcoin mining is becoming centralized. However, this does not change that Ripple is a centralized platform. It will only stop being centralized if Ripple finds a decentralized consensus process on adding nodes in the Trusted Nodes List.

For the hundredth time, the nodes that take care of the consensus are decentralized and open to anyone !!!

Just have a look at the list of validators here: https://xrpcharts.ripple.com/#/validators
Out of the total 117 nodes running on the main net, only 7 are controlled from ripple.com ! (yes I actually counted all the nodes one by one to make sure since CTRL+F was returning a little bigger number)
This is just 5% of the network controlled by Ripple!! 5%

--- shortened the quote ---

The above numbers show us that after 1 year...

• 2300 million XRP have left the escrow and 2299m of them are in circulation right now, the 1m XRP difference are burnt coins.
• From 15% of the coins held by XRP in the end of March 2018, we're now at 13%.
• Considering the XRP held by Ripple and the XRP distributed as "coins in circulation" and the XRP placed in escrow as "coins to be mined", XRP had a good yearly inflation rate of 4.74% (for comparison, BTC had about 4.5% and ETH about 7%).

Ofcourse Ripple stills has the potential to earn 51billion of XRP , but this will take about 50 more years.
Ripple promises that they sell their coins on OTC deals which shouldn't affect the trading price in exchanges, but even if they were to dump 100% of the coins they earn to the market, the impact would still be similar to BTC miners dumping 100% of their coins or Ethereum miners dumping 70% of their mined coins.

However does Ripple let everyone or have a consensus process on who to include in the Trusted Node List? Also to who or where did they distribute all the XRP sold by Ripple? I reckon to a few trusted parties by Ripple, correct?

Who holds the XRP in escrow?

Who holds in escrow?
A:

A mathematical formula wich releases 1 billion xrp a month and put the unsold back into escrow.
In btc they call that mining.

Can you explain more how that escrow system works? Can anyone participate in mining Ripples? I reckon the community should participate in this to help secure the Ripple ledger.

First of all, "Ripple" is the name of the company that created this blockchain and all the business software that uses XRP.
"XRP" is the name of the coin which is used as the backbone in some of their software.

None can "mine" XRP. The escrow/algorithm releases a stable amount only to the Ripple company who sells or gifts it to partner companies and/or for marketing reasons, I don't think we have the exact details of how they use this monthly XRP income but we should be able to tell by watching the blockchain.

However there's no reason to panic with this method, since the coins are NOT SOLD to public exchanges, they are sold OTC (Over The Counter), for example I might want to sell 1000 BTC, but instead of dumping them on the market and driving the price down we could both agree that I transfer you the BTC and you give me 5.50 million through a private channel. Since the exchange is not going through the public Exchanges, the sale does't affect the coin's price.
This method allows Ripple Labs (the company) to benefit by having a monthly income without pushing the coin's price down. The coins are distributed the same way they'd be distributed if people were mining it, but instead of paying for hardware and electricity bills, they pay Ripple Labs.

Ok, it is nothing like bitcoin mining like what MemberBerries was making it appear to be hehe. It is only a monthly distribution process for the people behind Ripple to distribute tokens for itself. I was almost excited.

[Branko]

Ok, it is nothing like bitcoin mining like what MemberBerries was making it appear to be hehe. It is only a monthly distribution process for the people behind Ripple to distribute tokens for itself. I was almost excited.

Yes, its basically like any other ICO, but with very long sell time...and like any other ICO, you can invest, or not

[Vit83]

Ok, it is nothing like bitcoin mining like what MemberBerries was making it appear to be hehe. It is only a monthly distribution process for the people behind Ripple to distribute tokens for itself. I was almost excited.

Yes, its basically like any other ICO, but with very long sell time...and like any other ICO, you can invest, or not

Yes, but it is already working with real companies, on the current level quite stable(I don't believe that it can do -90% again) and ready for speculation) Only problem I see that lots of people bought it much higher and want to sell it)

[CoinCodex]

Ripple currently affected by the bearish trend, possibly dropping to the $0.28 support level. Read more in this short TA.

https://coincodex.com/article/3542/ripple-price-analysis-xrp-may-fall-to-028-support-can-the-bulls-produce-a-rebound/

[RivAngE]

Ripple currently affected by the bearish trend, possibly dropping to the $0.28 support level. Read more in this short TA.

https://coincodex.com/article/3542/ripple-price-analysis-xrp-may-fall-to-028-support-can-the-bulls-produce-a-rebound/

That's probably an "Expanded Flat Correction",

More info here: https://stockcharts.com/school/doku.php?id=chart_school:market_analysis:identifying_elliott_wave_patterns

However I wouldn't trust any technical analysis on those levels because,
1) This is focused on a short-term analysis which tends to be hard to predict
2) Cryptocurrencies tend to be less logic-bound and that makes the short-term analysis even more unpredictable.

[Branko]

XRP - BULLS NEED TO WAIT - 10$ COULD BE POSSIBLE

https://www.tradingview.com/chart/XRPUSD/427oOCSg-XRP-BULLS-NEED-TO-WAIT-10-COULD-BE-POSSIBLE/



"Long-Term Targets:
Once the bull market is confirmed and in the case that business stays as usual (f.e. no crushing news etc.) we can expect to reach targets of at least 7$ to 10$ in the long term. Even though it sounds crazy considering the market cap, the SupertrenD red resistance channel predicted the market tops for XRP correctly since the beginning. "

[Remainder]

This coin is more invested by institutions and I don't see this coin dump more often.

It's one of the most stable coins in the market as there are only few investors of XRP that could panic easily.
Usually when we speak of institutional money, they are in for a longer team, and they have plans and will not not panic.

I agree with your views. The XRP institutional and huge investors are in it for the long term not the short term. Without a doubt this has been one of the most stable coins for years.

Sometimes I checking my telegram channels and reading just article headlines. Looks like XRP doing a great job with companies from the real world with real usage.

We might be surprise that it will pump again, this is not a hype coin, their market is full of support, they do deliver that's why people trust them.
The success of XRP is outstanding, we may see a dropped but we can also expect it will bounce back, the market is looking good, it will find a good timing.

I'm ready for $1 or more again. (which i think I will see this year)

[Hodor7777]

 Coil Beats The Drum Of Utility  

Blog Location:   https://xrpcommunity.blog/coil-and-the-drumbeat-of-utility/  

The Coil blogging platform is live! I analyze Coil's potential impact & cover the latest news about XRP in today's blog:

𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Yoshitaka Kitao is appointed to the Ripple Board of Directors; Securitize announces their new DS Protocol; Navin Gupta announces that Saudi British Bank (SABB) is a RippleNet customer; Banesco Panama announces a successful test of Ripple-powered payments; Ria Money Transfer, the 2nd largest remittance processor, announces their membership in RippleNet; Ripple publishes new developer tools on the XRP Ledger Developer Portal; Marjan Delatinne confirms that ten customers are using XRP; and Reinhard Cate publishes the 12th episode of the Ripple Drop;  

𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: Vengefulseven starts a new subReddit for connecting Coil stakeholder businesses and developers with each other.

𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Bob Way appears on the Brad Kimes YouTube Channel; The XRP Ledger's 'default UNL' becomes more decentralized with the addition of Peer Island; Bithomp announces their naming service for those that handle their own XRP Ledger wallet(s); and two exchanges, BitoEx in Taiwan and Birake in Bucharest, both add support for XRP;

I hope you enjoy the read!

Thanks & Sincerely,
-Hodor


On Twitter:   https://twitter.com/Hodor/status/1126058198702620672    

[Branko]

XRP has been in the top 3 crypto by market capital for many years.

It is a great investment.

Yeah XRP is a great investment for now and for long term, many folks panic when there's a little dip in xrp price then they sell off.
Everyone expecting a bull run in this year or next year so after bull run we will see XRP on high level so XRP also good investment right now. 

I do not see Ripple among the best virtual currencies. Sorry, I cannot call it even the crypto through its centralized nature. It is more interesting to the banks not to the simple investors.

Yes, everyone should use BTC, because

https://www.coindesk.com/binance-may-consider-bitcoin-rollback-following-40-million-hack

Its always good to be decentralized to the level that someone (CZ, Binance CEO in this case) can say "I can
rollback BTC blockchain whenever I like, but this time I won't...but watch me next time we get hacked"

[JollyGood]

We might be surprise that it will pump again, this is not a hype coin, their market is full of support, they do deliver that's why people trust them.
The success of XRP is outstanding, we may see a dropped but we can also expect it will bounce back, the market is looking good, it will find a good timing.

I'm ready for $1 or more again. (which i think I will see this year)

I hope it goes back to $3.60 again

In all honesty, any sudden increase in price in any crypto would make both sellers and buyers panic so better for it to go up (and down) slowly with gradual increments.

I agree, the success of XRP has been outstanding. If it ends up being $0.50 by the end of the year that would be a fantastic way to end the year.

[AI_JCR]

We might be surprise that it will pump again, this is not a hype coin, their market is full of support, they do deliver that's why people trust them.
The success of XRP is outstanding, we may see a dropped but we can also expect it will bounce back, the market is looking good, it will find a good timing.

I'm ready for $1 or more again. (which i think I will see this year)

I hope it goes back to $3.60 again

In all honesty, any sudden increase in price in any crypto would make both sellers and buyers panic so better for it to go up (and down) slowly with gradual increments.

I agree, the success of XRP has been outstanding. If it ends up being $0.50 by the end of the year that would be a fantastic way to end the year.

Hopium

[vsyc]

Congratulation, as of now. XRP is the only one that failed even get 50% steady increase from ATL. Well surprisingly XML follows it.

Even BTC made x2 times today.

[JollyGood]

We might be surprise that it will pump again, this is not a hype coin, their market is full of support, they do deliver that's why people trust them.
The success of XRP is outstanding, we may see a dropped but we can also expect it will bounce back, the market is looking good, it will find a good timing.

I'm ready for $1 or more again. (which i think I will see this year)

I hope it goes back to $3.60 again

In all honesty, any sudden increase in price in any crypto would make both sellers and buyers panic so better for it to go up (and down) slowly with gradual increments.

I agree, the success of XRP has been outstanding. If it ends up being $0.50 by the end of the year that would be a fantastic way to end the year.

Hopium

 

Yes

[RivAngE]

We might be surprise that it will pump again, this is not a hype coin, their market is full of support, they do deliver that's why people trust them.
The success of XRP is outstanding, we may see a dropped but we can also expect it will bounce back, the market is looking good, it will find a good timing.

I'm ready for $1 or more again. (which i think I will see this year)

I hope it goes back to $3.60 again

In all honesty, any sudden increase in price in any crypto would make both sellers and buyers panic so better for it to go up (and down) slowly with gradual increments.

I agree, the success of XRP has been outstanding. If it ends up being $0.50 by the end of the year that would be a fantastic way to end the year.

Hopium

Go tell that to people who call crazy Bitcoin prices.
Just google "bitcoin target" and you'll even many 6-digit expectations, mostly around 100k and even 400k (!!)
For a smaller-cap coin like XRP (though it's still big overall, but smaller than BTC) a 10x target isn't that crazy, it went 20x last time in just 1 month.

PS: With this post I don't mean that I prefer XRP over BTC nor that I prefer BTC over XRP, I'm just stating numbers.

[alevlaslo]