There is countdown for big announcement on their Twitter account.
Few months before Ripple's management committed themselves to place 55 billion XRP into a cryptographically-secured escrow account by the end of 2017. I expect this event tomorrow of after tomorrow. By 55 monthly 1 billion XRP supply contracts specific monetary policy will be established. It includes constant and predictable (crypto) money velocity that is very important for all Ripple's stakeholders specially for banks which intends Ripple adoption. Target of that policy is stable and sustainable development of whole Ripple's eco system and sizing up international payment systems market share.
I expect for this week high volatility and huge price jumps and falls. After that I expect price stabilization in 0.18-0.23$ range and monthly medium corrections according to 1 billion XRP supply and actual demand.
As mentioned in a reply to your other post you're referring to, interesting read.
I sure hope XRP will get to the $20 level as you say but that would be spectacularly unlikely in my opinion. I don't believe Ripple benefits having such a high price for XRP. XRP is basically for the consumer market. When banks implement Ripples framework they can actually buy XRP directly from Ripple themselves and for a super low price or not use XRP at all. Plus, with the amount of XRP on the market in order for the token to reach such a price point, it needs a major cash injection of millions and millions of dollars. It's very hard to really see that happen.
The way i understood the millions and millions of XRP in escrow is for Ripple to better control the price point of XRP. When they believe XRP is becoming too scarce and therefor the price has gone up too much they can release a few million XRP on the market effectively lower the price because immediately there is more available.
As an XRP holder I would even love to see for it to get to $1! But in my mind even that would be unlikely.
The jump is/was awesome. Still has a little bit to go before mine go green though....
What do you think XRP is going to do these coming days/weeks?
There is countdown for big announcement on their Twitter account.
Few months before Ripple's management committed themselves to place 55 billion XRP into a cryptographically-secured escrow account by the end of 2017. I expect this event tomorrow of after tomorrow. By 55 monthly 1 billion XRP supply contracts specific monetary policy will be established. It includes constant and predictable (crypto) money velocity that is very important for all Ripple's stakeholders specially for banks which intends Ripple adoption. Target of that policy is stable and sustainable development of whole Ripple's eco system and sizing up international payment systems market share.
I expect for this week high volatility and huge price jumps and falls. After that I expect price stabilization in 0.18-0.23$ range and monthly medium corrections according to 1 billion XRP supply and actual demand.
For more info read my post:
https://steemit.com/money/@catena/ripple-road-map-to-success-two-tipping-points-which-implies-committing-to-place-55-billion-xrp-into-escrow-ripple-as-swift
Please, this is just my opinion, not investment advice.
UPDATE: WRONG PRICE RANGE 18-23 $ --> 0.18-0.23$)
As mentioned in a reply to your other post you're referring to, interesting read.
I sure hope XRP will get to the $20 level as you say but that would be spectacularly unlikely in my opinion. I don't believe Ripple benefits having such a high price for XRP. XRP is basically for the consumer market. When banks implement Ripples framework they can actually buy XRP directly from Ripple themselves and for a super low price or not use XRP at all. Plus, with the amount of XRP on the market in order for the token to reach such a price point, it needs a major cash injection of millions and millions of dollars. It's very hard to really see that happen.
The way i understood the millions and millions of XRP in escrow is for Ripple to better control the price point of XRP. When they believe XRP is becoming too scarce and therefor the price has gone up too much they can release a few million XRP on the market effectively lower the price because immediately there is more available.
As an XRP holder I would even love to see for it to get to $1! But in my mind even that would be unlikely.
Thanks for sharing your insights!
Sorry. My mistake. I thought 0.18-0.23$
Lol... ok. That makes way more sense ;)
Another resistance line at 0,3 USD on Bitstamp.