how to become a ripple xrp millionaire bipboi this secret will make you rich in xrp ripple just might be the missing piece of your investment portfolio xrp becomes a viable competitor when it comes to bitcoin the world's first and largest cryptocurrency while btc has been around for much longer and with much greater value xrp can claim to have performed remarkably well despite the ripple versus sec lawsuit today we're going to talk all about how to become an xrp millionaire and what bitboy just said about that so watch the video till the end because today's video is going to be the bomb welcome to xrp vault your daily dose of xrp if you're interested in everything around xrp this is the place for you subscribe if you want to stay updated with all the xrp news predictions and stay one step ahead in the crypto world make sure to hit the like button for us to provide you with more xrp news don't forget to enable all notifications to join our weekly cash giveaway pinned in the comments before we get to our topic let's take a look at the chart and see what the price of xrp is doing on the 12th of november shall we the price of ripple has been climbing this month reflecting the gains of other large cryptocurrencies like bitcoin and ethereum ripple is valued at around 1.20 as of thursday afternoon down from a two-month peak of 1.34 on wednesday it reached its highest ever price back in april when it exceeded 1.80 for the first time before crashing along with other crypto coins the current market consensus is that ripple is trending in a good direction xrp price analysis from coin codex shows 27 indicators giving off bullish signals with one bearish signal digital coins analysis says its price should reach an average of 2.17 in 2022 and 3.94 dollars in 2025.

It could hit an average of 4.46 dollars by 2026 the forecast suggests now let's get back to the topic just a couple of years after it released xrp ripple labs was named as one of the 50 smartest companies by researchers at mit university in 2014 which is regarded as one of the best private research universities in the world slowly but surely banks and other financial organizations began showing an interest in using ripple's payment system five years later in 2019 more than 200 financial institutions had adopted some of ripple's technology today the ripple net advanced blockchain is used by a growing network of more than 300 providers spanning 40 countries around six continents some of the biggest adopters of ripple include american express santander and us-based money transfer company moneygram what's more there are whispers that visa and western union are seriously considering switching over to the ripple platform in the not so distant future for many crypto and financial analysts ripple has the potential to replace swift as the number one network for secure standardized and reliable global payments in fact that's precisely what ripple's founders are aiming for in an interview in 2020 ripple's co-creator chris larson said it's going to take some time it's going to seem frustrating because government and regulators work in a different cycle xrp can be a replacement for the inefficient swift system now let's talk about why xrp is a millionaire maker coin lots of crypto analysts and speculators think ripple has a big future making it an attractive option for new and established traders so here's a quick look at why xrp is a good investment it solves problems and creates opportunities ripple solves problems for large financial institutions it also speeds up the flow of capital which is excellent for the economy but ripple could work for some small business owners too if it becomes widely adopted the ripple platform will provide millions of sole traders and entrepreneurs with access to the global economy market cap of xrp with a market cap of approximately 58 billion dollars xrp is the world's sixth biggest cryptocurrency a large market cap is a strong sign of investor confidence and makes the asset more resistant to volatile market cycles or dips partnerships and investors ripple has perhaps the best backing by financial institutions out of the entire cryptocurrency market in some circles it's more like than bitcoin their first major banking partner to use the ripple payment protocol was german bank fidor in may 2014 according to pete rizzo of coindesk today some of their biggest partners include american express santander and moneygram as mentioned earlier but that's just the tip of the iceberg moving into cbdc's cbdcs are central bank digital currencies and in march 2021 ripple announced that they're piloting the creation of private ledgers based on the public xrp ledger they claim that it can handle tens of thousands of transactions per second and has the potential to reach hundreds of thousands of transactions per second it's quite likely that in the future there will be more private endeavors like this it's also quite possible that many future banks and financial institutions could use a private version of the xrp ledger xrp is recovering from the sec case the xrp legal team has won some recent skirmishes which could force the sec into a face-saving settlement the u.s securities and exchange commission seems to be experiencing a prolonged incremental death by a thousand paper cuts regarding its lawsuit against ripple which alleges ripple's crypto coin xrp is an unregulated security when the sec filed its suit last december many experts and analysts felt it was a death knell for xrp as it was delisted from most crypto exchanges globally with little opportunity to raise legal funds due to the d listings many thought xrp might rip xrp is putting up a fight not so fast it seems the scrappy legal team representing xrp has demonstrated more dogged determination than a pack of dogecoins facing off against a stack of chibi enus since the sec's announcement of the case xrp's value has tripled and individual investors have piled in that's because xrp has been able to consistently pile up a heap of smallish procedural wins and favorable rulings from u.s magistrate judge sarah neper who's presiding over the case one such minor win was the court's late summer order to the sec to produce its regulatory guidelines for cryptocurrencies after xrp alleged that sec officials admitted during a meeting that no formal regulatory guidance existed before 2019 xrp had been available to retail in institutional investors since 2012.

The xrp legal team asked how could xrp break the law if no formal regulations existed for seven years most investments come down to the risk versus reward factor in other words do the potential rewards outweigh the possible consequences of the risks ripple certainly has some risk factors the founders hold a large number of coins it's still a long way from challenging its main market rival and it's not the most popular technology for blockchain purists on the other hand xrp is becoming more and more mainstream and has the backing of some major financial institutions plus the current price is a low barrier of entry for crypto newcomers as well as a good opportunity for established investors to diversify their portfolio without taking a large amount of value out of their assets put simply xrp is a low risk investment with lots of potential rewards it's something you should definitely do some research before you consider adding it to your portfolio the real ripple investing question then does it really work if you're willing to invest the time and energy then for you it could do well will xrp be a millionaire maker according to bitboy in a sense it already is xrp has a market cap of 58 billion dollars at the time of recording and as we've discussed this continues to rise as the application of its payment protocols becomes more widely adopted being a finite resource the value of xrp is likely to increase further as scarcity tends to promote growth in price please remember any investment includes some risk so only invest what you can afford and do as much research as possible before making a final decision that's all for today in the end we would like to mention that this is not a channel intended specifically to provide financial advice and we do not ask you to invest in any company this is merely a channel directed towards bringing educational content to your doorsteps with that in mind before you invest in anything we recommend you do thorough wide spectrum research on the topic well that's it for today's video guys and make sure to subscribe and give us a thumbs up see you next time on xrp vault bye

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