It's on their website. They are pushing ILP and Ripple Connect as a product to banks not XRP and I can't understand half the shit you write.

1) Banks will use Ripple tech not actual XRP.
2) The XRP that is destroyed by transactions is not enough to significantly reduce circulation in the foreseeable future considering that 1,000,000 transactions would only cost 10 XRP.  
3) For XRP to hit $1 total XRP market cap would need to be $38B-$100B depending on total circulation at the time.  For a $10 valuation that would need $380B-$1T total XRP market cap.  Let's give XRP the benefit of the doubt and say it captures 25% of the total crypto market cap (all coins).  That would mean a $10 per token value would need to be in a $1.5T to $4T total market cap scenario. That scenario would need BTC north of $100k per token.  While I do believe that BTC has the potential to reach that number and even higher I think we are still a ways off.
4) Ripple currently controls 62% of tokens of which 54B will be locked up for the next year then start dumping on the market 1B at a time.  During this time they still have 8B which is 17% of total unlocked up tokens to manipulate the market with.  
5) Previous articles hinted that Ripple was going to retain 50B permanently, now they have a contract to release them.
6) Today it looks like it's on a warpath downward just like it did the last time it spiked then spent 2 years trying to find a bottom while loosing 95% of its value.  

I am not saying that XRP won't go up in value but I hear a lot of people with the idea that it will be up there with ETH.  It won't.  It may hit around $1 this year or early next but as soon as the contracts start to release 1B on the market every month that will drop the price significantly and keep it at or below $1 for a very very long time.  It also may just stay in a price range between $.2 and $.4.




 

Bought 2BTC of XRP on Match 1st for .00000444 and sold on May 16th at .000195 so please sit back down. It didn't take me 3 years to make a profit.  

And if you want screen shots of the orders I'd be more then happy.

The noon calling a noob a noob. Lol.

I can't argue with such awesome gifs.

I've been a long time lurker, just blown away by all the XRP hype so I wanted to put my 2 cents in the pot.  Too many noobs think XRP is going to make them rich, like bought 10,000 ETH at $0.80 rich, so I had to chime in. Math just isn't there, supply just is way too much and the creators still own 60%+.

Everyone starts somewhere on these forums. Calling me a troll doesn't negate the concerns about XRP.

In what universe is XRP going to get to a $500 Billion market cap when Ripple owns 60%+ of the tokens. You would be better buying DOGE.

We are at least 12 months from a $1 trillion cap on all coins if we are lucky. The tech behind the coin might be good but the company and centralized nature of XRP is not.

I understand perfectly well that a company backed by VC's created a coin that they released on the market while retaining 60%+ of the supply. That alone in an of itself is an alarming fact.

Problem is that they are not locking up everything they control. There will be 54 smart contracts worth 1 billion each. That still leaves 8 billion that they can use to pump and dump on the market just as the did at the last ATH where they sold 5 billion tokens then preceded to purchase them back at a lower price.  There have also been strange fluctuations in total token circulation out side of the ATH's.   Because of the fact that they own 62 billion tokens this seems like a straight ATM play for Ripple Inc.  They use the token inventory they have to enrich themselves and their investors by selling high, crashing the market with sheer volume of tokens then purchasing them back at a lower price.  As long as they can keep everyone thinking that they have a viable coin they will continue to abuse their leverage. 

You can't win when the other side holds all the tokens. 

Additionally lets look at total market cap.  There is no real upside potential outside of a long shot year end $1 per coin value that then starts to crash immediately upon the flooding of the market with an additional 1 billion tokens per month.  Total crypto market cap peaked recently at just under 90B. In 5 years 100 billion XRP tokens could be in the wild and for them to be worth even $10 per token that would be a $1 trillion dollar market cap just for XRP alone. 

I just don't see this coin as being anything other then a scam that will be perpetually perpetrated to enrich only the VC's of Ripple Inc.  XRP won't be used by banks and adds no value to Ripple Inc. other then as a personal ATM machine.