XRP predicted to reach $10 in the next few months
If you are holding XRP don't sell yet.
Calculations:
Using Swift as as benchmark.
> Swift handles upto $5 trillion worth of transactions
> XRP will assume similar functions to swift so lets say if few major banks adopt this it can be handling 1 trillion $ per day
XRP total supply 99billion
estimated market cap in 6-12 months 1 trillion
1trillion/99billion = $10 per xrp
current circulation 39billion so if the don't dump the rest of the xrp means 1trillion/39billion = $25
so here you have it $10 xrp is extremely possible.....
Cheers,
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Disclaimer: I am not in any way a financial adviser, I only share what I am doing and I do not guarantee that if you do the same you will make a dime :)
Interesting reasoning 😉
Thanks mate :)
At the moment 100 banks are working with Ripple software. Only two (Cuallix and Moneygram) are using/testing xRapid which is the application that let's them use XRP instead of the fiat currency in nostro accounts that they need for transfers through the Swift system to settle international money transfers. Swift has more than 11000 users (banks) and you somehow assume "a few banks" account for 1/5th of the total transaction volume. Which banks are those exactly and what verifiable indications do we have they are considering switching xRapid in "the next few months"? I am an XRP Hodler. In fact, it makes up the vast majority of my portfolio and I firmly believe in its future potential, but your assumptions are stupid and misleading. Do some real research or stop spreading your nonsense!
if not when. These are just mere assumptions. I am no financial adviser. sorry mate.
I strongly believe everyone has to do their own research.
Thanks mate,