XRP IS ABOUT TO HAVE A MASSIVE BREAKOUT - CryptoManiac101
Updated
XRP / USD TA - UPDATED
Reasoning behind drastic value rise of XRP? + Common misconceptions about XRP use case
1. Why will XRP price rise in value?
XRP value will rise drastically due to banks beginning using XRP as a liquidity and settlement tool for bank to bank transfers. Keep in mind that this will result in drastic volume increase and demand for XRP. After that it becomes 'Supply vs Demand' - in other words as demand increases and supply decreases of a good or service, value of that good or service also increases. The faster the demand increase, the quicker the price of that good or service increases.
2. "Banks won't use Xrapid (XRP) because they already use Xcurrent" - common misconception
That's a very common thing to hear among XRP critics however that is completely incorrect. To explain why we first need to identify what Xcurrent and Xrapid are.
Xrapid - XRapid uses XRP as a liquidity management tool to bridge fiat currencies within seconds therefor removing the need for nostro vostro. In simpler terms, Xrapid allow banks to transfer money instantly from point A to point B without having that money stranded between point A and point B for numerous days. To accomplish that an act of 'buying' XRP and 'selling' XRP must take place, hence where the 'supply demand' theory comes from.
Xcurrent - Xcurrent can be somewhat compared to Swift. It's just a bi-directional messaging/ILP form of settlement between two bank ledgers in real time, but requires held up capital in nostro vostro accounts. In other words, it does not solve liquidity/settlement issue which banks have today.
3. Why will price rise in value suddenly in matter of hours?
In addition to institutional investors/speculators entering the market which was never seeing before in crypto markets, we also have Xcurrent 4.0 - What does Xcurrent have to do with XRP value? I'd say everything! Xcurrent today does not utilize XRP, however Xcurrent 4.0 which is a newer version of Ripple messaging system, does utilize XRP. Banks which are currently utilizing Xcurrent, when ready, will be able to literally flip the switch overnight enabling the use of Xcurrent together with XRP.
4. XRP 725+ Day Support
To this day XRP maintained 725+ Day Support in a form of a Trend Line. From May 2017 this trend line was never broken symbolizing a very strong trend that has developed for XRP. We are also able to define an unconfirmed resistance line which. We are able to determine that based off two higher highs with rejection. Reason for this resistance being 'unconfirmed' is due to lack of resistance touches we've observed.
I'm also keen on pointing out that back from 2014 towards early 2017 we've observed similar pattern where we had an exceptionally long support line and accumulation followed by over 80,000% uptrend from support line.
Finally in order to visualize it a bit better and understand the need for higher value per XRP, think about it this way...
Price per XRP as of time that I'm making this chart is $0.29
In order for a financial institution to transact $1,000,000 today, it would need to free up and have 3,450,000 XRP available just for that one transaction
At 11/XRP that same institution would need 1,000,000 XRP
At 110/XRP that same institution would need 100,000 XRP
At 1100/XRP that same institution would need 10,000 XRP
At 11000/XRP that same institution would need 1,000 XRP
And that's just the payments we're talking about, if you'd knew what was on the horizon, you'd be truly shocked and surprised!
Reasoning behind drastic value rise of XRP? + Common misconceptions about XRP use case
1. Why will XRP price rise in value?
XRP value will rise drastically due to banks beginning using XRP as a liquidity and settlement tool for bank to bank transfers. Keep in mind that this will result in drastic volume increase and demand for XRP. After that it becomes 'Supply vs Demand' - in other words as demand increases and supply decreases of a good or service, value of that good or service also increases. The faster the demand increase, the quicker the price of that good or service increases.
2. "Banks won't use Xrapid (XRP) because they already use Xcurrent" - common misconception
That's a very common thing to hear among XRP critics however that is completely incorrect. To explain why we first need to identify what Xcurrent and Xrapid are.
Xrapid - XRapid uses XRP as a liquidity management tool to bridge fiat currencies within seconds therefor removing the need for nostro vostro. In simpler terms, Xrapid allow banks to transfer money instantly from point A to point B without having that money stranded between point A and point B for numerous days. To accomplish that an act of 'buying' XRP and 'selling' XRP must take place, hence where the 'supply demand' theory comes from.
Xcurrent - Xcurrent can be somewhat compared to Swift. It's just a bi-directional messaging/ILP form of settlement between two bank ledgers in real time, but requires held up capital in nostro vostro accounts. In other words, it does not solve liquidity/settlement issue which banks have today.
3. Why will price rise in value suddenly in matter of hours?
In addition to institutional investors/speculators entering the market which was never seeing before in crypto markets, we also have Xcurrent 4.0 - What does Xcurrent have to do with XRP value? I'd say everything! Xcurrent today does not utilize XRP, however Xcurrent 4.0 which is a newer version of Ripple messaging system, does utilize XRP. Banks which are currently utilizing Xcurrent, when ready, will be able to literally flip the switch overnight enabling the use of Xcurrent together with XRP.
4. XRP 725+ Day Support
To this day XRP maintained 725+ Day Support in a form of a Trend Line. From May 2017 this trend line was never broken symbolizing a very strong trend that has developed for XRP. We are also able to define an unconfirmed resistance line which. We are able to determine that based off two higher highs with rejection. Reason for this resistance being 'unconfirmed' is due to lack of resistance touches we've observed.
I'm also keen on pointing out that back from 2014 towards early 2017 we've observed similar pattern where we had an exceptionally long support line and accumulation followed by over 80,000% uptrend from support line.
Finally in order to visualize it a bit better and understand the need for higher value per XRP, think about it this way...
Price per XRP as of time that I'm making this chart is $0.29
In order for a financial institution to transact $1,000,000 today, it would need to free up and have 3,450,000 XRP available just for that one transaction
At 11/XRP that same institution would need 1,000,000 XRP
At 110/XRP that same institution would need 100,000 XRP
At 1100/XRP that same institution would need 10,000 XRP
At 11000/XRP that same institution would need 1,000 XRP
And that's just the payments we're talking about, if you'd knew what was on the horizon, you'd be truly shocked and surprised!
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History doesn't prove future, most of the time, but it does hold valuable information about what might happen in the futureNote
Here's a quick article on Medium I've postedmedium.com/@_Crypto_Maniac_/xrp-is-about-to-have-a-massive-breakout-cryptomaniac101-af0e7f6dad54
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XRP / BTC still in bear territory but USD pair is staying very strong on supportNote
We are currently in accumulation phase and the longer it keeps price in narrow value territory, the bigger the compression, therefor the bigger the bounce will beNote
There is no exact date that we expect to see price break, however it can happen any day from now onNote
Leave a LIKE for support - thank you for all your feedback guys, feel free to ask any questions!Trade active
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XRP / BTC TA - JUST POSTED
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Biggest Misconception About Crypto Market Capmedium.com/@_Crypto_Maniac_/biggest-misconception-about-crypto-market-cap-7e166d80fbd4
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