Recently I’ve made the decision to increase my XRP holdings to 10% of my portfolio, up from 7%.
XRP is a tricky one; it’s really hard to quantify it. But let’s give it our best shot…
Many say XRP is just a « decentralized bankers coin, designed to steal our wealth ». Others will tell you it’s the future of payments, bank settlements, micro-payments, and all on distributed ledger technology (DLT), which is basically next-gen blockchain technology in layman’s terms.
My view of XRP was initially the former, even though I bought it at less than a cent in early ’17 and sold it for a handsome profit months later https://www.crazy4cryptos.com/about
In ’17 and most of ’18, I thought that XRP was just a coin for trading, and had no real-world uses.
In 2019, I came to the realization that XRP and the XRP ledger https://xrpl.org/ could become a global payment system, but still wasn’t totally convinced. I often told clients to find their « XRP sweet spot », and to « invest only as much as you’re comfortable losing if it goes to 0, but have enough that if it goes to $10, you’ll be be dancing in the streets ».
This is still not a bad strategy to be honest— but I don’t believe XRP will go to zero. In fact, I am much more leaning towards it going to ~$10 as early as 2021, and eventually $25+ for a 100x gain from its current price. More on this later.
Seventy-two percent of all XRP holders think it’s going to $100 https://www.crypto-news-flash.com/ripple-over-72-of-all-investors-believe-that-xrp-will-reach-100/
This is a possibility. But most people would be happy with $10 in a year, or even two.
Eight Reasons Why I’ve Turned More Bullish On XRP
One-XRP/Ripple is now available in five regions and 55 countries https://dailyhodl.com/2020/10/10/ripple-says-global-payments-network-live-in-55-countries-and-95-currency-pairs-with-xrp-remittances-running-in-five-regions/ It is truly a global payment network.
Two-XRP will be providing Lines of Credit https://dailyhodl.com/2020/10/09/ripple-launches-new-service-utilizing-crypto-asset-xrp-to-fund-instant-cross-border-payments/
Another article about Ripple’s instant Line of Credit https://cryptonews.com/news/ripple-launches-new-credit-service-for-cross-border-payments-7951.htm
Always Follow The Money
Three-38% of the world’s top 100 banks have a connection with Ripple, but it could be more than this due to NDA’s https://www.xrparcade.com/world-top-100-banks/
Four-is XRP already working with the IMF? Check out this brief clip of Ripple’s CEO Brad Garlinghouse and IMF’s Ross Leckow. Notice the body language and judge for yourself. https://youtu.be/ON6nOWmsCdY
Oracle-Based Smart Contract
Five-Ripple Labs recently won a patent for an oracle-based smart contract design https://www.coindesk.com/ripple-wins-us-patent-for-new-oracle-based-smart-contract-design
Now, XRP/Ripple will have an oracle solution similar to *Chainlink, and this will be yet another Ethereum competitor.
Six-Flare Network / Spark token will be used for VC funding, IPO’s and other securities. Also, it will allow for interoperability between networks (where have we heard that before?) https://youtu.be/PNSh6SWv_b0
Here is an abridged article about Flare. Flare network brings DeFi to the XRP Ledger https://www.crypto-news-flash.com/flare-networks-ceo-proposes-mechanism-to-issue-assets-on-xrp-ledger/
Seven- XRP is more than just cross-border payments, it’s actually about the derivatives market, which is where the realmoney is. The patent that was mentioned earlier opens the doors wide open for this. This video explains more about derivatives, and there is an interesting bit of info regarding Ethereum’s Vitalik Buterin, and how he wanted to become an intern at Ripple. https://youtu.be/JUlza_OYS1o
Eight-In June I made a video about Ripple’s PayID https://youtu.be/fPH-dyIHujw
More info about PayID in this article https://decrypt.co/44659/ripple-backed-payid-adds-multiple-features
Ripple and XRP is involved with anything that correlates to money: PayID, derivatives, loans, cross-border payments, micro-payments, smart contracts … and they’re working with the IMF. They have more than 300 customers (banks) already signed up. More on the way.
The XRP coin that we can buy now for $.25 will be used for transferring value. It is likely to be worth much more in the future. It’s not a « worthless zombie token » like some are led to believe. I think the price of XRP has been purposely suppressed since its all time high of $3.50 from back in early January of 2018, for the sole reason that when the new monetary system is rolled out — in 2021— the powers that be should be letting the XRP coin realize its true value.
What Is The True Value?
I have heard rumors of an XRP price tag of $8.88 in January of 2021. Just three months from now.
But check out this XRP price prediction. The website Coil has a price projection of $111 XRP by the end 2021.
Here is the Coil site with future price predictions for not just XRP, but dozens of crypto’s. This is mind blowing if these prices come to fruition:
Finally, I want to point out this video that I posted before. Jim Willie, who is a famed silver and precious metals advocate, mentions that THETA and Ripple/XRP will create billionaires. I have queued up the video just before he says this, but if it doesn’t queue up properly, go to the 1 hour and 40 sec mark:
XRP’s new community-driven website that they have been promoting.