What's up, guys? I hope you are all having a
fantastic week so far. Now, if you saw today's title, I'm sure you want to know how XRP can make
you a millionaire. How many XRP do you need to make that happen? And more importantly, I'm pretty
sure you want to know how Ripple is planning to change the future.
It is frustrating to know that
the opportunity was so close, but you missed it. You hear this a lot – "if you would have invested
just $3000 into XRP back in 2017 and sell it at peak level in 2018, then you could've made a
million dollars". The same examples are with Bitcoin and many other coins. But you shouldn't
think like that. Don't concentrate on what was missed, but think about new opportunities.
But before we get into all the juicy details of today's video, let's roll that intro.
As always, welcome back to Money Side- your favorite crypto news channel.
If you are new
here, welcome to the XRP fam. Hit that 'Subscribe' button and turn on your notifications so that you
don't miss out on our daily crypto news updates. In today's video, we will talk about how many XRPs
you need today to become a millionaire tomorrow. How XRP can skyrocket and become the most used
currency on the planet, and what is the most believable evolution scenario for XRP. XRP just
might be the missing piece of your investment portfolio. Firstly, you need to understand
that XRP isn't your average cryptocurrency. Instead, it offers something entirely different
from every other type of digital currency. Unlike Bitcoin or Litecoin, Ripple is an
entirely new kind of payment protocol intended to streamline international and cross-border
payments around the world. And while Ripple XRP presents a solid investment opportunity,
you must know what Ripple is, what it does, and any potential red flags to look out for as a
speculator. After all, no investment is perfect. If you have been wondering if XRP is
really a suitable investment for you, then don't go anywhere as this coming
section is for you.
To start with, XRP is one of the most affordable cryptocurrencies
in the market. In fact, XRP is currently trading at $0.9286 per coin. In other words, it's cheap
compared to its previous high level in 2018! You can pick up a serious amount of Ripple for
less than a few hundred dollars. In fact, with 500 XRP, you can quickly become the next millionaire
in just a few years. Ripple hit an all-time high of above $3.10 in 2018, but some market analysts
believe it will push beyond the $1,000 barrier within the next ten years.
Other predictions are
far more optimistic. So, given its low price and increasingly mainstream appeal, snapping up some
Ripple is a relatively low-risk option with the potential for a significant return on investment.
What's more, Ripple and XRP solve lots of problems for the world and creates opportunities. Ripple
is currently solving issues for large financial institutions. It also speeds up the flow of
capital, which is excellent for the economy. But Ripple could work for 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. XRP also comes with such an impressive market cap.
With a market cap of approximately $60 billion, Ripple is the world's fourth-biggest
cryptocurrency. A large market cap is vital for investor confidence and makes the asset
more resistant to volatile market cycles or dips. And must we say? Ripple XRP isn't your regular
cryptocurrency. Ripple is a fully-fledged company with over 500 full-time employees, including
public relations and marketing specialists who promote the technology to banks,
investors, new users, and the public. On top of that, as we have seen over the last
couple of months, Ripple has some of the best partnerships and investors.
Ripple has perhaps
the best backing by financial institutions out of the entire cryptocurrency market. In some
circles, XRP is liked even more 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.
As mentioned earlier, some of their biggest partners include American Express, Santander, and
MoneyGram. But that's just the tip of the iceberg. Besides that, Ripple has been making a significant
move into CBDCs. CBDCs are 'Central Bank Digital Currencies', and in March 2021, Ripple announced
that they are piloting the creation of private ledgers based on the public XRP ledger. Well, this
is something we have definitely talked about a lot on this channel. Ripple claims that XRP can
handle tens of thousands of transactions per second and has the potential to reach hundreds
of thousands of transactions per second. It is pretty likely that in the future, there
will be more private endeavors like this. It is also quite possible that many future
banks and financial institutions could use a private version of the XRP ledger.
And now it's time to address the elephant in the room.
For months on end, Ripple
has been struggling with the SEC lawsuit. However, things seem to be brightening up.
In fact, as we can see from this tweet by @XRP_productions, there have been
speculations that the SEC could drop the lawsuit. He tweeted saying, "Can anyone confirm
the rumor I just started that the SEC is about to drop the Ripple lawsuit and #XRP is about to
have regulatory clarity and shoot to the moon, and we are all going to be rich
and happy and then have a big party with @bgarlinghouse and @elonmusk on a yacht?"
Ripple is currently recovering from this lawsuit, all thanks to its incredible team of lawyers. In
December 2020, the SEC sued Ripple for illegally selling $1.3 billion worth of XRP tokens,
claiming that they were actually 'securities,' not cryptocurrency. The XRP lawsuit resulted
in Ripple's price crashing to new lows, right at the moment most other cryptos were surging
(e.g., BTC reaching $60k!).
However, it started to become apparent that the SEC's case is weak and
there is growing optimism that Ripple can win the case. This has put the price of XRP on an upward
trajectory which it seems to still be riding. This tweet that was shared by @AaronDayAtlas talks
about the SEC being corrupt from the word jump. And if that's the case, why would we expect this
regulatory body to be any different right now? It's been using 'illegal' approaches towards
its case against Ripple, and it's as if this regulatory body will continue to find other means
to get to Ripple. Thankfully, Ripple is a massive company that can't be taken down lightly or at
least without a fight. That's because central banks around the world believe in this crypto
and are already working to arrange a partnership with this crypto company. Over the past few years,
Ripple has been working on forging strong bonds with influential companies in the field of both
crypto and fiat. That is why, as hard as SEC might try, they will never take down this company.
More importantly, as the company is right now, it's beyond SEC's jurisdiction.
don't get me wrong! If found guilty, there will obviously be subtle but impactful
effect on the reputation of the company as well as the price of XRP. Undoubtedly,
this coin's price will drop significantly, causing serious dents in most cryptocurrency
traders. But that will not be the end of this coin, no siree! The fact that RippleNet
is already accepted in several countries, this coin will bounce back up from the ashes like
nothing ever happened.
And that's how XRP will end up taking over the whole cryptocurrency
world and ruling as the one-true coin. In the event that this crypto company wins,
there's no way it's going down no matter what. The cryptocurrency will keep soaring to the top,
overtaking the infamous Bitcoin and Ethereum. That will potentially change the whole fabric of
the crypto community, and everyone will rush for this golden goose. However, by then, it would be
too late since this coin would be high up. So it's best to invest right now while the coin's price is
still within a specific range that you can easily invest in it with the extra coin in your pocket.
This tweet actually highlights all the use cases of XRP, and the list goes on and on. XRP
can work as the perfect medium of exchange, global liquidity, B2B payment system, securities
settlement, instant cross-border payment option, store of value, and so much more.
This coin is the
perfect crypto to bridge the gap between cryptos and fiat and ideally bring the two worlds. If it
was not for the SEC, this coin could have been on its way to the top. But it's never too late,
and this coin still has a lot of fight in it. Now guys, let’s take a look at the charts.
As you all are aware, we are still in a downtrend. We have the potential to gain a lot here,
despite of Elliott waves pattern forming, we should all be aware that it can also go
down even to $0.60 cents. Don't be sad, the bulls will come, there are too many banks using
it what will only lead to XRP repeating 2017-18. The time is our only enemy here alongside the SEC.
There are only two paths that XRP can take from here.
As we stand now, it "appears" that
XRP is right inside the fractal that it is following. It also appears that XRP
is respecting the fibonacci trend lines that we created, idea linked below. But it can no
longer do both. The two scenarios are as follows: 1. XRP will break the trendline and head
lower, following the fractal . First zone of major support will be at $0.86. We will look
to make a V shaped low at around $0.78-$0.82 before we can climb higher, with a majority
of side ways trading in the $0.86-$0.91 range. 2.
XRP does not break the trendline but
instead skips along creeping higher. This means we are not in this exact spot in
the fractal pattern that we appear to be. We have seen that, while the moves
are the same, the timing has not been. I believe scenario 2 will play out to be correct,
but it remains to be seen. Again, wish we had something more definitive by now, but it appears
that answer is coming in the next 2 to 3 days. There is no in between. It
must do one or the other. We will re-assess accordingly if
necessary as this situation unfolds. 48-72 hours is an estimate – the decision
may come sooner. As always trade safely! Please keep in mind, We are not a licensed
All videos on this channel are intended for entertainment purposes only.
Tell us what you think in the comment section below and let's have a conversation.
Thank you very much for watching. Don't forget to like this video and to click on the
subscribe button below. Turn on notifications to get informed whenever we post our amazing
content. We’ll see you in the next video..