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XRP / Euro

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XRPEUR trade ideas

[XRP] A global settlement asset - Retirement by 2021Not investment advice My "trading" plan for the next couple of years. XRP tends to move violently during a 30 day expansion period. It extends to the 4.76 fib extension and then consolidates/corrects for 200 days down 83% to previous all time high. On this chart I've plotted the trend to predict a possible path for XRP. Fundamentally XRP is utilised mainly in the fin-tech software called "xRapid" developed and sold by fin-tech company Ripple. xRapid eliminates the need to hold nostro vostro accounts to provide liquidity. Today these accounts hold $21T dollars globally to facilitate settlement through correspondent the banking system. Ripple also sells a messaging software called xCurrent which is disrupting the legacy correspondent messaging system SWIFT (1970 tech). xCurrent can source liquidity through xRapid and settle payments in highly illiquid markets in under 2 minutes. This is absolutely revolutionary technology. Ripple's xCurrent software uses the Interledger protocol (ILP) which is being adopted as a W3C standard for payments routing (like the Internet Protocol (IP) is routing for data packets) the ILP routes payments packets to ANY ledger (bank ledgers, blockchains, mobile wallet and more) no matter the currency. In theory you could use Ether (ETH) to pay for a coffee, if the coffee shop's payments system implements ILP. There is no need for the question "Do you accept Ether?" it automatically routes the payment and exchanges the Ether to USD in a matter of seconds. The Interledger Protocol settles with any currency, but automatically finds the most efficient, cheap, liquid option which curiously enough Ripple believes is XRP. Ripple employee Ryan Zagone is on the steering committee of the Federal Reserve's Task Force for Faster Payments , which goal is to upgrade the entire US banking system's infrastructure (Ripple/Interledger for interoperability and cross-border payments?) Chris Larsen - one of the founders of Ripple and currently Executive Chairman - is on the International Monetary Fund's (IMF) Fintech Advisory Group as an advisor (again Ripple/Interledger for interoperability and cross-border payments?) Maybe I'm going crazy, but I see XRP as the best investment opportunity of a century. Now back to my 2020 T3 target of approximately €385 XRP solves many problems, but the first big $21T problem is the nostro vostro accounts used in correspondent banking using SWIFT. €385 * 50B XRP (estimated circulating supply) = $23T market cap I'll just leave it at that. - Cryptocamp Not investment advice
Long
by cryptocamp
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