The crypto world is full of anxiety, excitement and bagholders truely. Just when everybody was hating bad on Ripple, Boom!!!! It mooning again.
Two days ago Ripple posted a tweet on their twitter handle about incoming announcement about 3days of great content and speakers. This has got traders speculating and a spike in price from $0.17 to $0.30.
This was a pic posted 2days ago on their handle and there is a countdown of 3-2-1 days to the announcement. With the caption "3days of great content and speakers.
Then again there posted this yesterday as the countdown continue with the caption " Two themes coming together.
From the first tweet caption of "3days of great content and speakers" one would believe it's just about their upcoming conference as
content + speakers = conference
But the second tweet got me in, two themes coming together. My interpretation would be blockchain and banks coming together. Ripple has had a long romance with the banking industry and the Ripple blockchain was built with the financial industry in mind.
Like crypto traders will say "buy the rumor, sell the news. I have threw in a few $$$ at $0.20 and am already on profit with it been @ $0.30 right now. The Koreans are scooping xrp (Ripple coin) in huge volume, yesterday trade volume was $2.2B second only to Bitcoin $2.4B according to stats on coinmarketcap.
The FOMO (fear of missing out) is real right now. I have been following ripple for long now and ripple isn't one of those hype dev teams. If by any chance this is just a tweet about a normal conference without big news, the dumping effect will be hard on xrp ( Ripple token ) price. I hope it something big anyway.
Price speculation
Personally I don't see the price going above $0.50 in this bull run or short term considering it 38.3B circulating supply (CS).
Circulating supply x Price = Marketcap
It's marketcap right now is $11B and will need $27B pump in for it price to hit $1 per xrp which has a slim chance of happening in the short term. Nothing is impossible, this is a coin banks can use for cross border remittances fee. Banks are centralized and can manipulate xrp price to maximize gains.
The Ripple dev team promised to lock 16B xrp on escrow for 4years, this will again drive the price up above $5 in long term.
