How and when Ripple (XRP) Can reach $100 ?

Without a doubt and no one can hide that 2017 was an exceptional year for Ripple and his token (XRP). The beginning of the year 2018 is very promising also with a record market capitalization of +148 billion dollars on Thursday, January 4th. The token has increased by more than 50% in just one week.

If one makes a simple comparison with the cryptocurrencies that dominated the market during the year of 2017, the bitcoin (BTC) and Ethereum (ETH), XRP (Ripple) made global gains of more than 35,000% against 1,400% for BTC and 9,000% for ETH. and this with all the noise in the media differents around these two last(BTC & ETH), Ripple did a good job ! really been the champion.

Now, you have to focus on the future !

Well, what's the difference between Ripple, RippleNet and XRP ?

we will make simple:
Ripple is a company
RippleNet is a platform or network created and managed by Ripple
XRP is the token used to make transactions in the RippleNet platform

To make a comparison with current fiat systems, RippleNet is designed to essentially replace the SWIFT system.
The Ripplenet platform will allow banks to transfer cross-border currencies and each other virtually instantaneously and for a much lower amount than is currently required.

The system works very well, some of the largest bank in the financial world like Bank of America, RBC and UBS, as well as the major Japanese banks.

But there is a small problem!

The use of the Ripple net platform will not guarantee the automatic price increase of the XRP token. so why ?

For banks using the Ripple Net platform, the only part of the transaction process that requires XRP is the fees associated with the network.

So for the platform to become more common, the XRP used for the fees must be relatively low, so it will not be $ 100, $ 500 or more.

That does not mean he will not be there.

XRP is the token created by Ripple for running on the Ripple Net and is the best choice, but banks can essentially use any other crypto to act as a bridge between two types of fiat on either side of a transaction.

So Ripple offers two solutions to the banks
1- the RippleNet platform
2- the XRP token

So banks must first adopt the Ripple Net platform as a basis for their cross-border trading transactions.

Then, banks have the choice to adopt XRP as a bridge currency that facilitates transactions. (logical option that they use XRP, but it is not guaranteed).

or banks use the Ripple Net platform with another cryptographic token to act as a bridge.

It's a stroke of genius on the part of Ripple to leave the choice for the banks! because we do not know how they adopt and use this new blockchain technology.

So, XRP will be very important and it will make a huge progress only if Ripple
can persuade banks to use XRP as a bridge, so we could consider $ 100 and more in the near future.

On the other hand, if it is not the case, there will be ups and downs depending on supply and demand, as the banks are just looking for XRP to pay only the costs of their transactions on the RippleNet platform.

Qaund and how does that happen?

Question must be decided by the big banks.

Disclaimer: This article should not be considered as investment advice and is not intended to do so. Please conduct your own thorough research before investing in a cryptocurrency.