Ripple has a game changing technology that will 'ripple' the upper echelons of the international banking scheme. Its technology will create a third party network that lowers cost and offer more transparency between partners. We are getting closer to a unified global economy every decade. Ripple believes money should move just as fast as digital information. It is a 1000 times faster than Bitcoin and also 1000 times cheaper. It is a monster that has just started to take hold. It embraces regulation and has solved massive infrastructure issues.
Important aspects to understand about Ripple's Technology:
xRapid - [xrp] solves the liquidity problem [xrp only]
xCurrent - solving messaging and settlement problems. [fiat only]
Right now, over 100 Banks and financial institutions are currently using "xCurrent," a utility solving realtime messaging and settlement problems via Ripple network. An existing pool of capital between two international banks, will be settled thru xCurrent instead of SWIFT. Making fiat move 100 times faster than the current system in place.
So, xCurrent is different than xRapid [xrp]...
Cross-border payments are a complicated and time consuming venture for Banks. These bilateral agreements can take months before they take action. On an international financial level, cross border payments are everyday business. Ripple provides a medium [xRapid] for big banks from different countries to settle their fiat thru XRP.
For example, If the Central Bank of England wanted to send 1 million Pounds to Chase Bank in the US. The Bank of England sells its pounds thru XRP and then the liquid XRP is transferred over to the US Bank to be exchanged in a national regulated digital asset exchange for US Dollar.
This avoids pre-funding banks with foreign fiat. It saves massive amounts of time and money for these international banks. It PROTECTS and simplifies the inflation gap between rivaling national fiat currencies.
Ripple has become mainstream as BTC these past few months with current media headlines. Ripple has a technology that solves everyday financial issues, lowering cost and time on an international plane. This is a potent combo, especially when Ripple's core values are working with regulators and financial institutions. This is important due to the inevitable government infiltration. Governments will always be around one form or another. Ripple is taking the first step to be compliant on an international level.
It might be a smart move a percentage out in Ripple to anticipate the future of regulated crypto... i know it sounds horrible. Plus you might get a x4 this year with bitcoin, but with Ripple x10 easily.
This one has a MASSIVE PROFIT POTENTIAL CURRENTLY.... 10-50$ within the year
Below is a Current TA of Ripple:
-Ripple volume is showing a continued decrease and tapering off as market accumulates. Weak hands are selling! More corrections possible, but overall bullish for now. Most of the volume, as indicated by visible range, was bought in the 1.5k-5k dat range. The major sell offs since December are lightening the market for a large jump up.
- The one hour shows a bit exchange happening the past half week. A reversal has been attempted and now we are testing the lower support line. We shall see over the next day if this price level will be sustained
- Zooming in, we can see the level is already being tested, but it seems at least for now, bulls out power the bears. Volume is consolidating, the calm before the storm.
- On the 15 min chart, this settling is accentuated
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