XRP IS ABOUT TO HAVE A MASSIVE BREAKOUT — CryptoManiac101

Reasoning behind drastic value rise of XRP? + Common misconceptions about XRP use case

1. Why will XRP price rise in value?

XRP value will rise drastically due to banks beginning using XRP as a liquidity and settlement tool for bank to bank transfers. Keep in mind that this will result in drastic volume increase and demand for XRP. After that it becomes ‘Supply vs Demand’ — in other words as demand increases and supply decreases of a good or service, value of that good or service also increases. The faster the demand increase, the quicker the price of that good or service increases.

2. “Banks won’t use Xrapid (XRP) because they already use Xcurrent” — common misconception

That’s a very common thing to hear among XRP critics however that is completely incorrect. To explain why we first need to identify what Xcurrent and Xrapid are.

Xrapid — XRapid uses XRP as a liquidity management tool to bridge fiat currencies within seconds therefor removing the need for nostro vostro. In simpler terms, Xrapid allow banks to transfer money instantly from point A to point B without having that money stranded between point A and point B for numerous days. To accomplish that an act of ‘buying’ XRP and ‘selling’ XRP must take place, hence where the ‘supply demand’ theory comes from.

Xcurrent — Xcurrent can be somewhat compared to Swift. It’s just a bi-directional messaging/ILP form of settlement between…