$XRP These speculative bull runs are irrelevant and are just noise. Wait until swift integration is completed(Nov 22nd deadline, could be completed beforehand) to see what Xrp is truly capable of. I don’t know what the top is for a utility run as I’ve stated before I just know that Xrp can’t move big sums of money daily at current prices, it’s simple
Mathematics.
Swift moves over $1quadriion a year, 3-5trillion daily. If Xrp is moving just 100billion a day and is priced at $2 then 50b Xrp Are required to facilitate that transaction, if Xrp is priced at let’s say $50 then only 2billion Xrp Are required. There’s a bottleneck when utility kicks in and the only way is upwards in the long run, this is simple mathematics.
There is not enough Xrp in ripple’s holdings to facilitate this at lower prices. Retail have over 58b, a good portion of Xrp is locked up in escrow although they can unlock 1b a month for ODL. ETFs, institutions, AMMs are/will be holding portions of the supply.
I get it that people who bought the tops of speculative bull runs are frustrated that Xrp ‘only’ does a 10x+ every bull run and has had no price growth since 2018 but that is on the cusp of changing and you’re either in when it happens or you’re not. It’s kind of like being one of those people who were scared when Bitcoin ‘crashed’ to $2.70 back in 2011 and laughed at it but on a smaller scale because I don’t believe Xrp will ever reach bitcoin’s prices, that seems impossible from my perspective but that doesn’t mean it won’t provide a fantastic ROI during its utility run post adoption…
