The price of Ripple has had an interesting week.
Beginning the week trading at around US$3.21, XRP dropped excessively to US$1.62 by midweek.
XRP eventually rebounded towards the end of the week to show a degree of price stability trading at around US$2 (Right now At $1.84 CMC).
XRPs market capitalisation was US$124.2 billion at the start of the week before peaking somewhere around US$134.3 billion.
In line with price differentials, XRPs market cap plummeted during midweek trading as well, falling as low as US$62 billion.
XRP managed to reclaim some lost ground by the latter stages of the week, stabilising to show a market cap of between US$71 billion and US$80 billion.
I don't understand the reason for high expectations from ripple. All the time ripple lovers are talking about banks and ripple's usage on banking system for almost 1 year, but there is not single proof about this. I'm just asking, why?
Banks already have a working system between them. Ripple solves nothing. Ripple is just another malware like bcash trying to take down this whole thing.