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** Disclaimer 01 : This is my personal opinion only ** Disclaimer 02 : This is NOT Trading advice, if you use, at your own risk. I myself don't trade regularly, and this is part my new market learning experience ** Disclaimer 03 : To remind a general market sentiment, do NOT trade with funds you cannot afford to lose. Novice markets are always very turbulent until mass adoption and maturity. Definitely NOT for the faint hearted. ** Important Note : NO information in this post is intended to aid short term/ day and/or swing trading. All summary projections are from few months to a few years in range. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ || Type: This is a strategic report co-related to fundamentals. Summary: ~~~~~~~~ We concluded the following two probabilities in the previous report on June 8th, where we discussed drag forces by BTC. I also briefly mentioned triple range-bottom, followed by triple base is yet another confirmation of an assets "fundamental strength" that has the sine longwave potentials. Some important points from previous report. Seems like, clearly P2 has enforced and in some ways nature has enforced against my own expectations of what is normal. there is a reason why is had the word "THIRD" in bold and caps in the previous 3 reports. As i mentioned we can "infer" something about assets that make triple bottom and form triple bases. This is not blind technicals, there got to be a reason for this to happen. After all the forces supporting a price is nothing more then a large group of investors forms of people like me and you. Today i wish to take some time and in the benefit of my friends and larger community here, wish to discuss few special characteristics of triple bottom & base, Hope you all find it informative. "Borrowing" some literature ~~~~~~~~~~~~~~~~~~~~ Especially when it comes to Triple bottom there is a famous book called "Trading Classic Chart Patterns" By Thomas N. Bulkowski. This was published by John Wiley & Sons in 2002 and statistically speaking, this has done a excellent job of testing waters around the theory of triple bottoms. I have myself referred it during adaptive implementations of many algorithms and find a permanent place on my shelf. here are few very relevant extracts from this book that I share with you today. I feel those who can relate to this will be benefited either way. 1st, lets see why we love triple measures and especially triple bottoms ( ) Page 372, Triple Bottoms - Trading Classic Chart Patterns, As we can see, short and long term alike, it produces gains in every observed sample. This is not hard to understand fundamentally speaking. because if something re-asserts 3 times, then there is strength in the asset and a reason for this strength. the asset is basically saying "you can test me as many times you like & I will stand the test". Observe how gains are higher if it makes a flat base instead of spike-and-bounce even on averages. and on page 374, he makes the following comment : So its safe to say that this does not happen with every asset. the asset needs to have some fundamentals that holds it from dropping dead, three times in a row. Now back to XRP. ~~~~~~~~~~~~~ What we know : 1.) XRP fell from 29 cents support line, three different times. 2.) every single time it had "formed a base" and 'held' at 29 cents before giving way. 3.) It has successfully come back to 29 cents 2 times and is now in the process of doing it for the third time. and lastly, as I have been mentioning, while price may be stagnant or falling, there is one parameter that is "only" raising :-) . and that is "william's accumulation distribution Indicator". In short this pretty accurate indicator and the following is all you need to know about it (from investopedia): Below is the chart for XRP, with the triple bottom and triple base that is forming. ( The third one is NOW in progress ) & also with the "A/D indicator showing only increasing accumulation" Conclusion for today. ~~~~~~~~~~~~~~~ Watch this one carefully. Watch how ti plays out. "Pressure" is silently building by true investors who understand the asset and its purpose. the traders might be chasing profits on other assets and selling. A few days ago i mentioned a nimble price controlled accumulation on many exchanges, and this is confirming the same. At this point i am pretty much convinced that heavy accumulation is taking place. and this brings us to the unique probability play i mentioned in a report on 5th of June. in short, P1 did not materialize, P2 has played out ( but not fully, to 22 cents ) , we have proven accumulation is taking place and lastly XRP is in the process of forming third bottom and regain 29 cents base for the third time. this IS a confirmation of longwave. I will not be making any new probabilities for now, and will be following the existing play to the end of its trend lines. New Learning: ~~~~~~~~~~ In my endeavor to learn this beast, I have come to realize that the so called "whales" act in groups rather then individuals. Also seems like some exchanges have special relationship/agreements with such whale groups. lets just call them investor groups. I have learnt a bit more about how similar thigns are done in few exchanges and similar strategies are in place, however as these are observation and assumption without proof, i think i will avoid sharing names. But one thign is certain, there are "very" well organized large investor groups playing the market. Fundamental investors have nothing to worry, but if you are a little guy trying to be trader, then you shoudl not. the big shots are there with the very purpose of eating you outright ! and they have the power to set trends and do so. lastly, as always wish us all very good luck and wisdom. Kindly, R8

** Disclaimer 01 : This is my personal opinion only ** Disclaimer 02 : This is NOT Trading advice, if you use, at your own risk. I myself don't trade regularly, and this is part my new market learning experience ** Disclaimer 03 : To remind a general market sentiment, do NOT trade with funds you cannot afford to lose. Novice markets are always very turbulent until mass adoption and maturity. Definitely NOT for the faint hearted. ** Important Note : NO information in this post is intended to aid short term/ day and/or swing trading. All summary projections are from few months to a few years in range. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ** This is a short timely market update report. In out yesterdays report, we drew the following expectations: However, the uptrend did not start in the time span, and a lag was induced due to adverse effects of over 4.8 BIllion USD in BTC profit taking in a very short duration. XRP has largely continued building "strength" in terms of market interest and has stagnated at the existing levels. >> The fundamentals remain strong. >> The signals remain same, & I am still expecting a slow uptrend to 43 cents. as mentioned yesterday this is not going to be a smooth uptrend, and there is going to be decent selling that will keep the graph in check. >> The additional strength is positive for the asset. and here is exactly what happened during BTC profit taking Cycle 1 Drag Ratio = 10.30 / 4.90 = 2.10 Cycle 2 Drag Ratio = 05.36 / 2.53 = 2.12 Average drag due to bitcoin = 2.11x . In other words every 1% drop in bitcoin off late is causing 0.5 % drop in XRP. Strength impact = 0.6 / ( 4.55 * 100 ) = 13% In other words if bitcoins strength reduces by 10 points, XRP strength will be impacted by 1.3 points. this was 29% few months ago :-) . clear number proof of Bitcoins evading influence on XRP. anyways: Today's Updated View : All of yesterdays signals & probabilities remain valid. XRP perception has not changed at all. We are looking forward to a start of uptrend here. if it really had to drop, it shoudl have done by now. in other words those who have not sold even in yesterdays condition, woudl really not be selling in today's more positive condition. >> there is a Drag induced due to BTC profit taking that is already fading away. >> The Drag induced a lag, moving the projected uptrend forward. As the strength impact will be zero in a max of one day at current rates, and hence our expected uptrend shoudl now resuem in next day or two at most. I have seen few people (Ex: @Jun ) worry about increase of 300 million XRP supply over last 2 to 3 weeks impacting evaluation. In a single day on average over 400+ mil xrp gets traded (http://coinmarketcap.com/currencies/ripple/#markets) , and if it did impact, it would only set the price back by 12 to 24 hours and no more :-) .. for an economist observing inflow and outflow, it is very clear Ripple has been very responsible in letting new XRP distribution out and are doing very good job of making sure not to impact the price ( lest try to suppress it ) Study the numbers and be free of such unfounded worries in my humble and personal opinion. I wish us all a stable mind and hands so that we can act by intelligence, knowledge and data - instead of panic, fear and tempers. Kindly, R8

For banks to use some improved technology to facilitate their international payments, they need two big things. First, there's everything but the movement of money. That's governance, rulebooks, integration, compliance, and so on. Ripple is building this with things like Ripple Connect and the GPSG. When Ripple signs a bank, that bank buys Ripple Connect, a software product that integrates with their existing systems and permits the money to move various different ways. Often, when they first implement Ripple Connect, the money moves the same way it always has. You might wonder why banks would bother if the money moves the same way. The answer is that there are still huge benefits from using Ripple Connect instead of something like Swift, even if the money ultimately moves the same way. In particular, the transfer completes much more quickly, the fees are known in advance, and the success of the payment can be reported to the customer almost immediately. But to get the maximum benefit, you really want the money to move quickly as well. Imagine if someone receives a very large international payment and then immediately wants to send the received money over a domestic rail. If the receiving bank is sitting with a token that's only valuable on some particular international banking network that isn't the domestic rail. what can they do? They have to somehow sell that token to get whatever they need to make the domestic payment. In other words, to make a real instantaneous payment that settles, the received value has to already be at, or very close to, the receiving bank. This means someone has to have a pool of liquidity at or near that receiving bank. Traditionally, corporations that have to pay out around the globe maintain such pools themselves at their own expense. They keep, say, a pool of money in Thailand so they can pay out in Thailand. And if that pool runs low, they replenish it, taking a few days to do so. That means their pool of liquidity in Thailand must be deep enough to cover several days of anticipated payments in Thailand. RIpple's strategy is to incentivize the creation of such pools of liquidity to and from XRP in strategic payment corridors. One way we might do this is to pay those who place the best offers to exchange XRP for domestic liquidity in strategic areas. This will allow payments to not only be made fast but to settle fast because the recipient will receive legal title to funds that have already been pre-placed in their destination payment network. This is precisely what ILP makes possible. Ultimately, the improvement in efficiency (over just using Ripple Connect and traditional settlement systems) comes from having one big pool of liquidity rather than everyone maintaining their own. The pool will ultimately be dominated by whoever has the lowest cost of capital and the easiest way to move money into or out of that system (depending on the net flow). What we envision is that in a single, atomic ILP transaction, someone gains ownership of the funds at (or very close to) the sending bank in exchange for XRP which they send to someone who surrenders ownership of funds already at (or very close to) the receiving bank. This means instant payment and settlement without the need for the sender, the sending bank, or the receiving bank to maintain their own pool of liquidity.

XRP is the native currency of the Ripple network that only exists within the Ripple system. Not dependent on any third party for redemption, XRP is the only currency in the Ripple network that does not entail counterparty risk and it is the only native digital asset on the Ripple network. Any other digital asset (non-XRP) existing on the Ripple network is a debt instrument (a liability) and exists in the form of a balance which entails counterparty risk. Eliminating this risk is why XRP will be adopted over any other digital asset. A counterparty risk, also known as a default risk, is a risk that a counterparty will not pay as obligated. Financial institutions or other transaction counterparties may hedge, take out credit insurance or, require the posting of collateral. Offsetting counterparty risk is not always possible because of temporary liquidity issues. Counterparty risk increases due to positively correlated risk factors. Accounting for correlation between risk factors and counterparty default in risk management methodology is not trivial. XRP removes both the counterparty risk and the associated costs 100%. The elimination of counterparty risk IS the reason why XRP will in fact be adopted by everyone who uses the Ripple network. Notice how Ripple (the company) has been focused on implementing their solution globally in the banking sector and not focusing on the promotion of XRP. Why? Because they don't have to. XRP is to the Ripple network as plasma is to the blood in the human body. Focus your attention on Ripple's ability to implement quickly and broadly across the globe and that will translate into XRP strength and growth. Disclosure: This information was compiled from secondary sources and summarized for simplicity.

Yoshitaka Kitao, CEO of SBI Holdings, tweeted that they are planning to launch another market for XRP other than SBI Virtual Currencies. He stated "In addition to SBI Virtual Currencies, we are moving by creating another market. As soon as it's done, XRP will be recognized." Good luck.

** Disclaimer 01 : This is my personal opinion only ** Disclaimer 02 : This is NOT Trading advice, if you use, at your own risk. I myself don't trade regularly, and this is part my new market learning experience ** Disclaimer 03 : To remind a general market sentiment, do NOT trade with funds you cannot afford to lose. Novice markets are always very turbulent until mass adoption and maturity. Definitely NOT for the faint hearted. ** Important Note : NO information in this post is intended to aid short term/ day and/or swing trading. All summary projections are from few months to a few years in range. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ** This is a short timely market update report. Summary: ~~~~~~~ In the previous report we clearly discussed how we spotted a clear "base formation" with dis-proportionate sinusoidal dampening that earmarks building asset strength. We are fortunate that the base formation is completing much earlier then expected. I have received multiple confirmation signals, that at the current given rate, a strong base formation should complete by max 7th of June ( in 2 days ). this early completion is both good and bad as we will see in our probabilities. But before that a few important observation. Some Observation: ~~~~~~~~~~~~~~ Recently i have clearly observed that the "strength" of XRP as an asset has increased. This is often not noticeable in price right away and there will be a lag depending on many parameters. However other parameters confirm this. another interesting observation is that the "strength" building is largely supported by Asian markets. >> What this means is "the next breakout is going to happen during Asian Market trading hours" and XRP has more strategic investors in Asia & Europe, relative to us since after 24 cents. Finally, another key observation is that the next "challenging range" for XRP as an asset has moved forward from 37/42 cents to 43/46 cents. This has further positive consequences with the long-wave ( but that's for some other time) Now the new probabilities: ~~~~~~~~~~~~~~~~~~~~ P1. There is a 50% chance that XRP will complete "Strong" base formation at 30 cents in next 2 days and directly take of to 43+ cents in a short duration. P2. There is a 47% chance that XRP will slow downtrend to 22~24 cents, to Re-Establish 30 cents base for the THIRD time. P3. There is only 3% chances that XRP will fall below 21 US Cents. Now, IF P2 plays out, THEN : there is a very high chances (85%) that XRP will directly reclaim Momentum similar to May 12th 2017. In other words, IF XRP goes down to 22~24 cents and reforms the base at 30 cents for third time, XRP will directly takeoff to 73+ US Cents. At this point, personally, If i were a trader, I would take all hands of trading and never be out of position. I wish you all the best of your luck. Kindly, R8

I spent quite some time on doing this writeup. I tried it to become the mother of all XRP write-up's. I have a decent list of journalists that I'm sending this too. The lack of XRP knowledge in the world really annoys me. Please feel free to share with everyone you like. (my twitter name is TplusZero, XRPchat name thunderw, sorry for any confusion)

** Disclaimer 01 : This is my personal opinion only ** Disclaimer 02 : This is NOT Trading advice, if you use, at your own risk. I myself don't trade regularly, and this is part my new market learning experience ** Disclaimer 03 : To remind a general market sentiment, do NOT trade with funds you cannot afford to lose. Novice markets are always very turbulent until mass adoption and maturity. Definitely NOT for the faint hearted. ** Important Note : NO information in this post is intended to aid short term/ day and/or swing trading. All summary projections are from few months to a few years in range. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Summary: ~~~~~~~~ fortunately, the following high probability from the previous report has continued its successful play. Once again this is going to be a short 'signal update' report, never the less marks a key change in the asset strength. This report marks my observation of a successful base formation at 29 cents. However as some of my friends here are curious of learning some of the techniques and mathematics behind these signals, I am going to take some time today to explain a disproportionately" damped sinusoidal that often represents a strengthening base formation (under normal circumstances & subject to external influences). Hope you guys like this. in just last 48+ hours, the base median 29.2~ cents has asserted itself with the right slope (strength) every time a downtrend was attempted. the downtrend was caused by a "relatively" slower multi-sell, however the "reassertion" was caused by higher strength uni-buy. Example: the general equation for a damped sine wave is given by equal weights of cosine and sine components. However as the Instantaneous Amplitude is not same on above and below ( increasing strength ) - hence we will have to reverse the generalized equation into its constituent parts as follows: y(t)=A. e-(super)λt. [cos(ω.t+Φ )+sin(ω.t+Φ )] and then further say t= t1+t2 , t1 = instantaneous positive amplitude (upper part - larger) & t2= instantaneous negative amplitude (lower part - smaller). So you end up getting a equation with dual damping factor w.r.t t1 and t2 and equation can be changed as : y(t)=A. e-(super)λt. [cos(ω2.t2+Φ )+sin(ω1.t1+Φ )] in other words the sinusoidal "dampens" only on the lower side as strength is increasing in the base. the representation of this "disproportional" damping of a sine wave is shown below: So co-relating values of the graph, its very easy to notice the following decay into the median. As we can clearly see the base strengthening process that started on 2nd (as reported in previous report on 2nd ) , has now started to "close off" its strengthening process. Relative to the previous cycles and their timelines, it seems to close the base formation in next 2 to 3 days at max. As mentioned previously the absolute median for support at this level is at around 29.2 US cents. Probabilities: ~~~~~~~~~~ >> There is a 70% probability that XRP will complete forming a strong base at 29/30 cents range to the next leg up towards the 38 cents region. >> there is a 25 % probability that XRP will form a weak base and downtrend towards 21 cents strong/bounce support line. >> there is only 5% probability that XRP will drop below 21 cents. **Important note: Please note I reiterate that the 38 cents to 43 cents is a regional fight-off where expectations and perceptions clash. This is going to be marked by a heavy alternating graphs and will last for some time. XRP as an asset has to digest the difference in expectations and break 43 cents with strength. Above 43 cents is the "fly" zone. minimum for next range is 55 cents and maximum is the Fibonacci marker at 73 cents. this is not some psychic prediction, given the nature of market participants and nature of markets ( and the state of current investors ) - this is what has the "maximum probability" of playing out. Wish you all the very best of your luck. Kindly, R8

I heard you like hard facts and numbers. Six new exchanges in two weeks. (source: https://ripple.com/ripple_press/xrp-liquidity-increase-listings-six-new-exchanges/ ) 47 Bank consortium finished pilot and now will XRP commercially. (source: https://ripple.com/insights/forty-seven-japanese-banks-move-towards-commercial-phase-using-ripple/) One provider of foreign currency for travelers - eZforex - using XRP. (source: http://www.businesswire.com/news/home/20170424006427/en/BlockChain-U.S.-Financial-Institutions-Reality-eZforex.com-Ripple ) Ten new financial institutions sign to integrate with Ripple (source: http://www.cnbc.com/2017/05/26/bitcoin-rival-ripple-is-sitting-on-many-billions-of-dollars-of-xrp.html ) Tens of thousands of TPS (transactions per second) speed of XRP. (source: https://ripple.com/insights/ripple-continues-to-bring-internet-of-value-to-life-new-features-increase-transaction-throughput-to-same-level-as-visa/ ) 3.56 second settlement speed of the RCL. (varies with a small standard deviation. Source: https://ripple.com/xrp/market-performance/ ) One international protocol, ILP (Inter-ledger protocol) founded by Ripple Two leading standards organizations W3C and IETF have teamed up with Ripple to establish the Inter-ledger Protocol as an international standard. (source: https://ripple.com/files/ripple_ILP.pdf ) 3,324 active members of xrpchat (almost doubling in two months) One new wallet, most likely a result of JoelKatz + 3rd Party. source: The latest good news is awe-inspiring; trust your own critical thinking in evaluating XRP against any of its rivals. Make the comparisons. Then decide which crypto-currency is ultimately going to ascend to the top...

** Disclaimer 01 : This is my personal opinion only ** Disclaimer 02 : This is NOT Trading advice, if you use, at your own risk. I myself don't trade regularly, and this is part my new market learning experience ** Disclaimer 03 : To remind a general market sentiment, do NOT trade with funds you cannot afford to lose. Novice markets are always very turbulent until mass adoption and maturity. Definitely NOT for the faint hearted. ** Important Note : NO information in this post is intended to aid short term/ day and/or swing trading. All summary projections are from few months to a few years in range. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ || Type: This is a quick signal change update only and not strategic. Summary: ~~~~~~~ In continuation to the previous markets report, where I derived the following: Today, i have observed few key signals. They are as follows : >> Slopes dynamics have further improved. >> Demand curve has further improved. >> close to close - PVI has fallen - impatient/unstable money/investors have got bored and moved away for now >> close to close - NVI has greatly improved - Smart and strategic money flow has increased. >> Accumulation has kept positive growth and has not reduced. both + and - directional indicators are healthy. ( aka: healthy market interest and buy/sell curve ) >> Momentum has increase by a decent step. positive oscillation is overpowering the negative momentum in a consistent manner. and most importantly, all of this has been consistent more or less across the global markets, through all major traded XRP currency pairs. XRP Dynamics especially with USD and BTC ( which were lagging ) has improved greatly. Technical Conclusion: ~~~~~~~~~~~~~~~~ bereft of any sudden bad/good news, sell off's or other external induced panic & market moving conditions - Just as we are, even without any new significant good news - We shoudl be starting a gradual, spiky but slowly stabilizing uptrend from here. Kindly, R8

** Disclaimer 01 : This is my personal opinion only ** Disclaimer 02 : This is NOT Trading advice, if you use, at your own risk. I myself don't trade regularly, and this is part my new market learning experience ** Disclaimer 03 : To remind a general market sentiment, do NOT trade with funds you cannot afford to lose. Novice markets are always very turbulent until mass adoption and maturity. Definitely NOT for the faint hearted. ** Important Note : NO information in this post is intended to aid short term/ day and/or swing trading. All summary projections are from few months to a few years in range. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Summary ~~~~~~~ The previous post, concluded clearly that in short-term, XRP was at cross-roads waiting for further signal to decide movement, momentum and direction. This possibility was weighted at a high rate of 68% and has indeed materialized. one important note at this point is to remind all my friends here, these are not predictions & are more of prognosis based on current market conditions shown by market activity. in other words this is a apparent probability and not a crystal ball. many times they work, many times some unexpected event changes the course. with that said, I have been studying a few events and co-relating them to get a better picture. the results have been very interesting & form key content of today's report. VERY important insight from May 26/27th+ BTC Sell-off ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ PRE Sell-Off BTC Average Market share = ( 52.27% of 80.5 Billion USD ) = 42.07 Billion USD POST Sell-Off BTC Average Market share has stabilized @ ( 45.67% of 76.7 Billion USD ) = 35.02 Billion USD Conclusion 1: total money invested in BTC today is 7.09 Billion USD less. Where did this money go ? Lets see, the only dominant asset that has increased in its market share is ETH. PRE Sell-Off ETH Average Market share = ( 19.80% of 80.5 Billion USD ) = 15.93 Billion USD POST Sell-Off ETH Average Market share has stabilized @ ( 25.92% of 76.7 Billion USD ) = 19.88 Billion USD So, ETH share has increased by 3.95 Billion USD. Did all of this come from BTC money ? Nope, (13.71% of 80.5) - (11.40% of 76.7) = 11.04 - 8.74 = 2.3 Billion USD has flown from XRP to ETH. Ignoring the change money from other coins moving backward as it is not going to change the meaning of the equations, we can Conclude : out of 7.09 Billion BTC money, Only 1.65 Billion USD has flown into ETH (also others, but negligible) . INSIGHT 1 : 5.44 Billion USD worth of money from BTC is gone for good (at-least for the time being). BTC market share is shrinking, while people are misled to the illusion of its price. It is very clear some some planned group of BTC investors have liquidated and en-cashed their FIAT. All the while managing to keep the BTC price relatively stable. How is this possible? while market share reduces but the prices are kept somewhat high.. very simple and very mathematical - somewhere the supply is being temporarily reduced. Someone is taking this risk hoping enough new investors will come in time. Who can this be ? This cannot be an ordinary investor nor this is looking like a organic pattern. so this HAS to be someone with systemic holdings. hence, I personally think this is either a large holder or a large mining group. This is very important to understand, BTC is in a mirage with nice prices to show off, but is getting hollowed & emptied from within. whoever is enabling this, is hoping for lots of new investors to fill in over time, and holding back supply till then. IF enough new investors don't show up - they WILL BE FORCED increase supply sometime. Everything depends upon how LONG they can hold and play this game. perhaps they will hold supply for enough length of time for prices to stabilize ... 50% chances at best ... and the other 50% is they will fail. hope BTC investors out there, especially the new ones do not become the sacrificial lamb. I wish safety. Now lets get back to XRP ~~~~~~~~~~~~~~~~~~ By now it is aptly clear that XRP trends were changed by influences not core to XRP fundamentals or outlook. Largely comprising of BTC Selloff & Volatility, post consensus ETH outlook appreciation & general nature of crypto space. However, XRP fundamentals are literally unchanged and if anything have greatly improved with recent demos bringing XRP's payment potential to limelight. Only thing is there is a lag in realization. Seems like some potential is easy to understand but some are in a way a bit more abstract and the "masses" take time to "get it". But history is proof, awareness bursting out is purely a function with time variant. At some point every bit of this revealed potential will get full attention. In short, if you guys being core community understand it before others do, its your early-bird opportunity right there. and I am not even guessing on this. facts are all over this forum, with latest developments and documents to verify for everybody. Finally time for some technicals ~~~~~~~~~~~~~~~~~~~~~~~ since 31st of May 6 AM. - at last XRP has started to strengthen albeit slowly, but in a stable manner. The following is the key and important summary on XRP markets: Clearly the process of taking strategic positions in XRP has "resumed". Market cap has resumed its uptrend from 9.70 to 10.80, an increase by 0.384 Billion USD ( 384 Million USD ). This strengthening is almost entirely contributed by USD Fiat. The other currencies investing in XRP are Euro and JPY. The currencies that are withdrawing and reducing their share in XRP markets are CNY & BTC, while KRW has been literally constant (in a surprising manner). What does it say about XRP ? ~~~~~~~~~~~~~~~~~~~~~ For once it is really great to see, XRP being held well merely with the support of EURO and USD. This means its dependence on BTC is slowly but very surely decreasing in a linear fashion. At the current rate of decrease, in less then 14 months BTC will lose almost all of its power to influence XRP. New US and Japan money is indeed flowing into the markets and recent data has clearly confirmed it ( no need to speculate). Key Takeaway: in some ways this has taken off much fear from me personally, when i see a panic sell next time, i know XRP can hold itself very well, in-spite of some negative influences from BTC and others. further most certainly, it is not going to collapse, but merely suffer a significant price drop perhaps. It is opportunities like this that reveal relatively "more fundamental" strength in an asset. Probabilities: ~~~~~~~~~ >> There is a 65% probability that XRP will improve the current strengthening process & continue gradual uptrend to 29/30 cents range to form a 'base'. >> there is a 30 % probability that XRP will arrest its strengthening process and initiate a gradual;l downtrend to 14 cents. >> there is only 5% probability that XRP will drop below 14 cents. *** It is very hard - to maintain perspective during sentiment shifts, to stay in the central calm during the storm, to act on fundamentals during panic selloff's, and to separate signals from noise. time and again those who rely on the underlying use-cases & fundamentals always ride the storm and come out winning. I wish all of us good luck. *** Kindly, R8

** Disclaimer 01 : This is my personal opinion only ** Disclaimer 02 : This is NOT Trading advice, if you use, at your own risk. I myself don't trade regularly, and this is part my new market learning experience ** Disclaimer 03 : To remind a general market sentiment, do NOT trade with funds you cannot afford to lose. Novice markets are always very turbulent until mass adoption and maturity. Definitely NOT for the faint hearted. ** Important Note : NO information in this post is intended to aid short term/ day and/or swing trading. All summary projections are from few months to a few years in range. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ || Type: This is a strategic medium term trend update Summary: ~~~~~~~ In the previous Market Conditions report on 14th of June 2017, we clearly recognized the point of reversal & also studied the upward trends that were forming with then relevant market conditions. These were the key observation/inference and probabilities from the previous report As we stand today ~~~~~~~~~~~~~ >> Globally, across all markets, I have received multiple confirmation signals that base formation at 30 cents range has now begun. >> while shallow slope appreciated significantly (useless), fortunately, deep-slope has also appreciated by over 13~15 Degrees (Strength & Market Interest). >> the strong support lines have moved up from 23.6 to 25 Cents ( place where support sustains stagnant price for extended period and provides bounce ) All in all, very clear signs of a fundamentally strong asset. One key observation ~~~~~~~~~~~~~~~ the patterns in which bottoms have been quick bounce, bases have been retested many times, and range base is being "strongly" established for the third time, since past 9 hours - All together form yet another "confirming" signals of XRP behaving like a long wave asset. In simple words such assets integrate well into daily life, become part of the social fabric and play a society sustaining role for significant periods of time. this is what bestows them the patterns of a long wave sinusoidal. Important chart snippet: ~~~~~~~~~~~~~~~~~~ I request you all to take a VERY CLOSE look at the chart snippet below. it is just last 3 days , since when reversal triggered base formation in 30 cents range. especially, the last indicator is the Ehler Fischer Transform ( red+white line), the last second is the ADX/DMS , the third one from bottom is Accumulation distribution. >> the pattern made by Ehler Fischer after 16.00 Hours of 6/18 is VERY significant. any eye can recognize the perfect symmetry and it sure means something. Will let you know in a moment. >> The Green (+DI) and Red (-DI) lines in DMS have shown "clear reversal" - meaning reversal after a good tug fight. now green is low-slope upward and red is low-slope downward. >> finally Look how the Accumulation has slope improvements, which is essential "loudly" screaming that all of this is indeed solid and not shallow. What does this mean. this combined signal co-related to macro trends and signals. Especially Ehler Fisher stepward strengthening at a "range base" - and not any "range base" , but the range base that is forming after 3rd significant retest... For me personally all this seems to be telling we are in the special stage as shown below, and the play-out time co-relating to past seems to be next 3 to 4 years. : Current Probabilities : ~~~~~~~~~~~~~~~ Last weeks probabilities have had a gradual progress with slope improvements, remain accurate and in play. Please find the updated probabilities below: There is a 70% chance that XRP is going to establish stable base at 30 cents for the third time and further continue uptrend to 37 cents. this uptrend will be gradual with constant, consistent but mediocre selling pressure built in. There is a 25% chance that XRP will fall back to find support at 25 cents. There is only 5% chance that XRP will fall below 25 cents (25 is the new 21). Also thought will share Chris Vila's excellent view on GR (IF anyone likes to watch :-) ): Kindly, R8

https://xrphodor.wordpress.com/ Yes, it's me. After some prodding from xrpchat forum members, I'm finally moving my blogs to an actual blog platform... but I'll still be incessantly sharing my opinion here like normal! Let me know what you think of the first off-xrpchat blog post. Hodor!

** Disclaimer 01 : This is my personal opinion only ** Disclaimer 02 : This is NOT Trading advice, if you use, at your own risk. I myself don't trade regularly, and this is part my new market learning experience ** Disclaimer 03 : To remind a general market sentiment, do NOT trade with funds you cannot afford to lose. Novice markets are always very turbulent until mass adoption and maturity. Definitely NOT for the faint hearted. ** Important Note : This post is sharing of my personal opinion and learning, and no information in this post is intended to aid short term/ day and/or swing trading. All summary projections are from few months to a few years in range. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Summary ~~~~~~~ The probabilities mentioned in previous posts here mentioned 29 cents as a strong support line and 26 cents as bounce line. Evidently I have been proven wrong by the market (at-least in the short term movements). needless to say I have been studying and trying to understand the recent changes in XRP markets. My main focus has been the general market perception of the asset, asset class, demand dynamics, causes and lastly, nature of this drop post consensus 2017. Change in Broader market conditions. ~~~~~~~~~~~~~~~~~~~~~~~~~~~ One thing that is very apparent is the broader market conditions have changed. to summarize in short and succinctly, S&P & Nasdaq both hit all time highs. Especially on May 17th, S&P recorded a new high (after 6 months of positive growth on consecutive mom's ) and made history. This was in my opinion a key trigger that changed sentiments and market outlook for those who were vary of the global stock markets. However that was not the only history, S&P 500 after making a new historic high, dropped below its 50 day moving average on the same day. causing a huge confusion in the market outlooks. To be precise when S&P/Nasdaq both made new highs, many bearish weights started to reconsider their position, however by the time they started changing their direction it surprised them again with a significant drop breaking the 50 day moving average. add to this the Eurozone Markit PM index also held at 6 highs high + Germany & France PMI respectively performed as well. and lastly, all of this after Apple hit a record high on May 5th. So much about the traditional markets. whats the point ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ There has been a clear & sudden change on altcoin markets generally and Money has moved out. The huge swings in the market cap changing in billions every few hours is a clear sign of this. But what is interesting is, this seems to be a part of a large move and not specific to Altcoins. If we observe carefully there is a class of assets that have lost money. At the same time, and almost in the same manner. There is a clear pattern here. Some of the significant examples include : UVXY ( also other VIX Based - Fear Index ), EDZ (Developing Markets) etc. UVXY EDZ Inference: Very clearly seems like there was a point of change in market perception where it felt as if the wider markets are the best place to be, and most importantly hedging and speculative money that would look for alternatives like hedging and altcoins etc. have flown back ! Similarly & secondly, Observation 2: Inside the Crypto Markets, because of massive and continued rally of BTC, especially when significant portion of markets sentiment thought it was about to slow down has moved significant money back from altcoins to BTC. Lastly, Observation 3: With respect to ripple, post consensus there has been a little change in sentiment on Ripple, Due to some large partnership announcement and such news from ETH etc, which essentially have large cap of common-investors ( although its not ) Hence my understanding is : All these three above mentioned developments, have in a timely manner formed special constellation to effect and cause sell of in Ripple and close related asset classes. Have fundamentals and prospects of Ripple changed to support of sell-off ? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ We can all agree that altcoins are still in a phase where they have huge promise and large potential - However most of them are yet to be realized. Now having that general fundamental fact out of the way, in the altcoin market, Ripple has in my view 'the' strongest potential, 'the' widest market access and 'the' largest use case in terms of monetary value next to none. It is largely just the sudden fear due to these various fortunate/unfortunate circumstances that has caused this sell-out. Fundamentals and potential remains same. To put it simply, hot money has moved out. investment that could not be shaken have remained sound. This leads to some of my new learning/observation on crypto-markets. ( besides as we speak BTC is down to 1900 USD range from its high of 2500+ USD ). My New Learning: ~~~~~~~~~~~~~ Seems like the Weak support lines in crypto markets are weaker then their traditional counterparts. The strong support lines are not as strong either. This is perhaps due tot he underlying reason that the market is novice and so are its investors. We sure seem to have a large ratio of shaky hands without fundamental understanding and/or investing discipline. While this might look like a bad thing and might indeed be very bad for the undisciplined investors, this indeed is a sort of a gift in disguise for strategic investors. the easier it is to shake out loose fruits, the better remaining fruits ripen. What this essentially does is shakes out a huge volume of investors and whats left are strategic investors ( who don't fall for sudden panic attacks ), and we all know this is the precursor for significant up-legs ahead. my personal take on whats to come: ~~~~~~~~~~~~~~~~~~~~~~~~~~ To summarize few known points: 1.) This was largely due to induced panic and change of 'sentiment' acting together. 2.) The fundamentals remain strong, potential investment use-case remains intact. nothing real has changed for the worse, no contracts have been broken etc. 3.) the asset is left with a "post panic" bounce. we can at-least say that the remaining unstable and highly volatile traders are minimal if any after the 'shale-out' Now something a bit more interesting: The broader market looks stable, but we don't seem to have room for much higher growth. Earnings remain positive, however housing, real estate and few other important indicators are swinging. This was one of the reasons why S&P could not hold its new highs and had to retrace below 50 day moving average ( significant ). In short it seems like the broader market is either coming to saturation or are in a bit of confusion. The classical indicator for these have been hedge assets like Gold and Silver, and as we can see, both have gone up as shown below, in-spite of the S&P/Nasdaq highs and bullion did not have a significant sell-off (which would be the case if the new found market growth sentiment has strength). This tells a clear tale. There are significant portions of investor crowd, who are "not buying it". GLD So what does all this mean to me: ~~~~~~~~~~~~~~~~~~~~~~~~ For me this is simple. This sell of was pure panic and noise. It had no fundamental backing. The only reinforcement was multiple things joining hands at the right time. The downtrend was a natural consequence of sentiment change in broader markets. However, the Consensus 2017, ETH news with more bank partnerships etc added more fuel to this fire and accelerated this unfounded selloff. In short, i expect this to be temporary phenomena before XRP as asset regains strength due to its unaltered fundamentals and use-case potential. How fast do i expect reversal and recovery: ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Undoing sentiment change needs a signal that reminds of the shallow sell off, and most importantly reminds and enforces the fundamentals. The XRP market at this moment is looking for that signal. IN the coming days/weeks XRP markets ( perhaps due to the relatively more temperamental nature of investors/traders ) needs this signal. in form of news, details, events, progress updates etc. Such a timely news and updates will remind investors of its underlying fundamentals and also reinforce its potential - reversing course. Hence, we will have to wait for this to happen. The sooner the better. Any other important points i wish to share ? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Yes Something that has come to my observation and also has been surprising. A few weeks before I observed and reported how traditional market money was moving into crypto , albeit in small trickles. I was sort of happy about it. However the devil was and still is in the details. The recent events and above explained nature clarifies that the "traditional market" money that is moving in - is of the highly speculative kind. not the stable investor kind. Which sure makes sense as these high speculators are the first risk takers. So in some ways the first money moving in from traditional markets belong to bad - oops I mean highly speculative hands.. Although bad in short term, it is also true that these are the early birds who open the gates for other more strategic traditional-market investors to follow suit. Short term probabilities ~~~~~~~~~~~~~~~~~ **Note : Please not these probabilities are as per current market conditions. Market moving events like consensus, expectation failures etc can always change them. This is what my guess is, in case the underlying sentiments and fundamentals remains unchanged- This is VERY important to understand. >> There is a 68% probability that XRP will wait for enforcing news&signals, and continue stabilize around 18 cents area for a while. In case of no further signals , It can downtrend all the way to 13 cents. >> there is a 27 % probability that XRP will continue setting a new base here and strengthen all the way to 30 cents. >> there is only 5% probability that XRP will drop below 13 cents. *** It is very hard - to maintain perspective during sentiment shifts, to stay in the central calm during the storm, to act on fundamentals during panic selloff's, and to separate signals from noise. time and again those who rely on the underlying use-cases & fundamentals always ride the storm and come out winning. I wish all of us good luck. *** Kindly, R8

He says this: Either he doesn't understand the difference between payment and settlement or he's deliberately trying to mislead people. Also: Actually, we've done precisely the reverse. Just a few months ago, we didn't even have a link to XRP on our home page. Now, it's up front in all of our messaging. Lastly: This really makes no sense at all. We hold over 60 billion XRP with a notional value of over $20 billion, which we can sell over time at near zero cost (assuming the price and liquidity holds). You think our bank software business will be anywhere close to that any time soon? How many banks do we have to sign to get as much revenue as a 1 cent increase in the price of XRP? 100? 300? But, of course, we don't have to choose because they both go together perfectly. Every bank that adopts our services and network is one more endpoint whose payments can settle over XRP the instant the liquidity is there. As for it being "potentially impossible", I would just say that it's very unlikely that we won't ever have instantaneous global settlement. If there's a technology or product in existence that can do this better than XRP, please tell me what it is. And if you're talking about something not in existence, why would you think we'd find it impossible to compete with something that doesn't even exist yet? And remember, right now we hold more than half the XRP that will ever exist. If getting banks to buy XRP was the bottleneck, we could easily just give it to them.

This shirt isn't street legal, but... To celebrate XRP reaching $.25, @JoelKatz had some shirts made up. A few Ripple employees signed one to put up for auction. The bids will be in XRP and the shirt will go to the highest bidder. The XRP will be sent to @karlos as a thank you for running the forum. The shirt was signed by Bob Way, @JoelKatz, @nikb, Mark Travis, and @miguel. I'm not sure how long to leave this open for.

** Disclaimer 01 : This is my personal opinion only ** Disclaimer 02 : This is NOT Trading advice, if you use, at your own risk. I myself don't trade regularly, and this is part my new market learning experience ** Disclaimer 03 : To remind a general market sentiment, do NOT trade with funds you cannot afford to lose. Novice markets are always very turbulent until mass adoption and maturity. Definitely NOT for the faint hearted. ** Important Note : NO information in this post is intended to aid short term/ day and/or swing trading. All summary projections are from few months to a few years in range. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ** This is a short timely market update report. Summary: ~~~~~~~~ In my previous report I provided the following clear points on latest development. I am here by confirming that the P1 has reasserted itself and the base formation is now complete. althought this is not visible in the price yet, as i have explained before there is a well recognized lag that will fill in time. and i have also received signals confirming that a gradual uptrend to 37/38 cents is now about to begin. assuming no adverse and negative impacts occur, this uptrend shoudl officially starts its journey in 6 hours from now approximately ( Tokyo 8 AM 8th of June 2017 ). probabilities: ~~~~~~~~~~ P1. There is a 65% chance that XRP will now start its uptrend that can go all the way till 43+ cents in a short duration ( less then 10 days). P2. There is a 33% chance that XRP will slow downtrend to 22~24 cents, to Re-Establish 30 cents base for the THIRD time. P3. There are only 2% chances that XRP will fall below 21 US Cents. Now, IF P2 plays out, THEN : there is a very high chances (85%) that XRP will directly reclaim Momentum similar to May 12th 2017. In other words, IF XRP goes down to 22~24 cents and reforms the base at 30 cents for third time, XRP will directly takeoff to 73+ US Cents. At this point, personally, If i were a trader, I would take all hands of trading and never be out of position. I wish you all the best of your luck. Kindly, R8

** Disclaimer 01 : This is my personal opinion only ** Disclaimer 02 : This is NOT Trading advice, if you use, at your own risk. I myself don't trade regularly, and this is part my new market learning experience ** Disclaimer 03 : To remind a general market sentiment, do NOT trade with funds you cannot afford to lose. Novice markets are always very turbulent until mass adoption and maturity. Definitely NOT for the faint hearted. ** Important Note : NO information in this post is intended to aid short term/ day and/or swing trading. All summary projections are from few months to a few years in range. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ || Type: This is a semi-strategic medium term trend update Summary ~~~~~~~ In the previous report we discussed how a existing conditions strength parameter like ADX/DMS , being neither a trend indicator, nor a momentum indicator can help us access the bottom formation & region of reversal. in short the conclusion was as follows : As we stand today we have progress as follows : --> Today Few important Observation ~~~~~~~~~~~~~~~~~~~~ >> Demand curve has improved. 23.6 cents is the new 21 cents. >> instability has reduced ( plane formations are more smooth - AKA : less shaky hands ) >> Base has strengthened, however slope has not appreciated significantly. ( AKA : The asset accrues gradual strength while waiting for positive/negative sentiment enforcement ) >> significant supply/selling is persistent upto 34 Cents, with some supply/selling is built upto 37~43 cents >> no "persistent" supply/selling beyond 43 Cents. Few key Takeaway ~~~~~~~~~~~~~~ >> XRP uptrend is not resistance free, there is going to be persistent selling till 37 cents. Which means the uptrend is going to be gradual and fought-for till 37 cents. this can last from few days to many weeks. >> This curve will also exhibit high ability to hold & even stagnate. many days can go without significant move up or down. >> A positive reinforcement or market mover can accelerate this and change current trend. Current Probabilities ~~~~~~~~~~~~~~~ There is a 55 % chance that XRP is going to establish stable base at 30 cents for the third time and further continue uptrend to 37 cents. There is a 40% chance that XRP will fall back to find support at 23.6~ cents. There is only 10% chance that XRP will fall below 23.6~ cents (23.6 is the new 21). I wish us all the very best ! Kindly, R8

I visited yesterday and took a few pics.

As mentioned here, we are compiling the FAQs for Ripple with the common concerns/objections. Here are the questions, and my example answers. This is only my small attempt to answer the questions, please write your own! Critique these responses and correct them. I'm sure there any many good points that have not been addressed yet. Make sure you "like" the answers you want to see included in the final guide! I think this will be an invaluable resource for the community. Whenever a newbie has a common question, we can refer them to this guide. The FAQ will be included in the Links & Resources section for easy reference. We will also start promoting the Links & Resources section more prominently for joining members. Once all the best response have been compiled, I will create a new "Page" with the final version. ________________________________________________________ Common questions and concerns about Ripple XRP is pre-mined Using the term "pre-mined" is a bit misleading, as Ripple does not involve mining to secure the network. All the XRP that that can ever exist (100 billion) were already created at inception. Mining is very costly in terms of energy and the environment, and is not very effective at distributing a currency fairly (i.e. due to mining cartels). Ripple owns 60% of all XRP Ripple (the company) currently has custody of the majority of XRP. Having those XRP on hand gives Ripple the advantage of being able to incentivise the network to create growth, liquidity and new markets. Whilst other crypto markets move toward currency centralisation because of mining, the Ripple network is moving in the opposite direction, slowly distributing XRP each month. Once the escrow is completed, Ripple will only hold around six billion XRP (or 6% of the total supply) to use freely (see here) Ripple can sell one billion XRP a month under the lockup Under the terms of the escrow, 55 billion XRP are locked up, with one billion per month available to grow the network. There will be 55 individual lockup contracts of one billion XRP each; each contract will expire on the first day of every month. Whatever hasn't been spent at the end of the month will be put into a new escrow account at the back of the queue. However, this does not mean Ripple intend to sell one billion XRP per month. Currently (and for many years) Ripple has been distributing around 300 million XRP per month. (see here). Ripple has proven after many years it can distribute XRP in a responsible manner. Ripple can make as many XRP as they want (a.k.a printing money) The maximum amount of XRP that can ever exist is 100 billion. This amount is established at the protocol level, and already exists on the ledger today. Soon Ripple will introduce a new amendment that ensures no further XRP can be created, even accidentally (see here). While it is technically possible at this point for Ripple to alter the protocol to create more XRP, once there are enough independent validators this will be impossible. Banks won't use XRP Banks may not yet use XRP, because the laws and regulations have not caught up to digital currencies. However, progress is being made, and already banks have started to hold digital currencies: The role of XRP is that of an intermediary currency, and banks may never need to touch XRP for it to play a part in a successful payment. There are significant cost savings to using XRP for payments, however it remains to be seen if banks will choose this option. Banks are under great pressure to increase profit, and XRP definitely increases profit. Jed wants to crash the price/ suppress the price Jed McCaleb was one of the founders of Ripple, but left the company in 2014. At inception he was allocated 8 billion XRP. After leaving he attempted to dump his XRP on the market, and a court case ensued. The aftermath was a settlement agreement where Jed's XRP were locked up and held in custody by Ripple (see here). The terms of the agreement are: Under the terms of the agreement, Jed is severely restricted from selling his XRP, and has very little impact on the market. The price of XRP also increased from $0.006 to $0.25, strongly suggesting Jed cannot manipulate the market. ILP means lack of focus on XRP / Ripple doesn't care about XRP Ripple has reaffirmed its commitment to XRP many times. They are actively seeking new liquidity partners, adding XRP to exchanges (Bithumb, Coinone etc) and creating incentives for people to use XRP. It is here to stay. Ripple has several employees who are devoted solely to improving the appeal of XRP (such as the Head of XRP markets). Ripple is intentionally keeping XRP stable/low. XRP is better for banks if it has low volatility It is true that market makers and banks would prefer a stable currency. However banks still stand to save money even with high volatility (see here). Also, Ripple has stated on several occasions they do not engage in short term price action. (see here) They hold a large amount of XRP, and it is absolutely in their best interest to see the price go up, rather than suppress it. There's no incentive to run a validator/nobody is going to run them Although the technical requirements to run a validator are low, it is not a trivial task if you want your validator to participate in any meaningful way. Validators need to show a history of accurate and on time validations. They need to be run by independent parties, regularly updated and kept secure. For these reasons, the list of validators is currently low. Also unlike bitcoin nodes, their is no financial incentive to run a validator. However, validators are crucial for keeping the network healthy, and unlike other crypto currencies, only a small amount of validating nodes are required to run the network smoothly. Because the owners of Ripple validators are driven by the desire to help the network and not strictly for financial reward, validators can be drawn from the wide range of industries: financial institutions, government agencies, and educational bodies. Interest in running a validator is increasing increase over time (see here) Ripple can freeze funds using the Freeze feature The Freeze flag is only available for non-XRP balances. If you own XRP, it cannot be frozen. The early ledgers got lost The ledger details before 32,570 were lost due to a bug. As of writing, Ripple has completed over 30 million successful ledger closes. The ledgers lost is under 0.1%, and do not affect the operation of the network moving forward. The founders allocated too much XRP for themselves The initial allocation went like this: At inception, there were 100 billion XRP created. 20 billion XRP were given to the founders (Chris Larsen, Arthur Britto and Jed McCaleb) 80 was given to the company (Ripple Inc) While 20% seems large, it is important to remember that a large portion has been donated to charity. Chris Larsen has committed 7 billion XRP to rippleworks (pledge details here). Jed McCaleb has also committed 2 billion to charity (see here). Assuming the remaining 11 billion is still in the founders possession and not already sold or donated, they currently own 11% of XRP. Of that 11%, a large portion is locked up under the settlement agreement. For comparison, the unknown "Satoshi Nakamoto" is estimated to have around 1 million bitcoins, or around 4.7% of all bitcoins to sell at any time. Ripple controls the only validators that matter In order for the network to become properly decentralised/distributed, it needs to reach a critical mass (see here). Once there are enough independent participants, it will be relatively trivial to extend trust across the network. However it vital that this process is done carefully and after third party validating nodes have been properly attested. Ripple has explained its plan to further decentralise the network (see here).

It takes time to get the message out. Ripple has had a superior product and revolutionary idea for some time now, and it's taken hard work, patience, and laser focus for them to get to this point. Each of the key components is now in place, and with the advent of XRP's rising popularity, the remaining puzzle piece of liquidity is now falling into place. We stand on the precipice of a new world now, one in which we all have a chance to participate by purchasing and owning part of the dream... at prices that are considered an early part of the new technology adoption life cycle. (source: https://en.wikipedia.org/wiki/Diffusion_of_innovations and https://teddykw2.files.wordpress.com/2012/07/everett-m-rogers-diffusion-of-innovations.pdf) What is Diffusion of Innovation? Diffusion of Innovation is a sociological and pyschological theory of how new ideas are eventually adopted by a group, given certain conditions. Even if an idea is revolutionary, it still takes considerable time and effort to overcome the resistance to change. This process is best visualized by an "adoption curve": (Source: Hodor) XRP's adoption curve is now at beginning stage of the "Early Adopters" point, where we're starting to see the majority of acceptance by the greater crypto space, but we still have some significant room to go in this category! Bitcoin is at the beginning of the "Early Majority" category! This is exciting for us, as it charts a course to what we can expect to see for XRP. Here's the definitions for anybody that's interested in delving deeper: Innovators Early adopters Early Majority (source: http://www.ou.edu/deptcomm/dodjcc/groups/99A2/theories.htm ) Next Adoption Stage: The XRP Adoption Strategy Recently, JoelKatz posted about the overall strategy for XRP, and I think it ran the risk of being "buried" in another post, so I've copied the numbered points from his post and placed them below for readers that missed it (or almost missed it, like me!). I'm giving the content the title of "XRP Adoption Strategy", as I believe that's what it reflects. It reveals the details behind the company's thinking for those so inclined to be curious. (source: JoelKatz's post from: _https://www.xrpchat.com/topic/5280-valuation-models-xrp-the-digital-currency-vs-ripple-the-company/#comment-50182_) Just remember where we're heading The best network. (RCL) The best digital asset (XRP) The best protocol (ILP) The best company (Ripple)

A new article written by Ari Levy (@levynews) on CNBC news: http://www.cnbc.com/2017/05/26/bitcoin-rival-ripple-is-sitting-on-many-billions-of-dollars-of-xrp.html

Cheap *to* *trade*. Generally, the higher the price the cheaper something is to trade. Imagine trying to make a million dollar payment with gold. All other things being equal, is it easier to do it if gold is $1,000/oz or $1/oz? Imagine trying to buy and sell a million dollars worth of XRP four months ago versus doing it now. Which would cost you more?

Made this word art out of the last two months worth of messages from the xrpchat.com chatbox - basically the whole big rise, and up until just before the correction. The foreground is from the content of the messages, the background is the people who wrote them.

...is xrp's potential for being used as "reserves." I came across this article that discusses the concept of "forex reserves:" http://www.nbdpress.com/articles/2017-06-08/2632.html Before reading this article, I've heard the concept of xrp "reserves" being purchased by individual companies or market makers as a tool for managing risk and being able to profit from volatility. (source: _https://www.xrpchat.com/topic/5280-valuation-models-xrp-the-digital-currency-vs-ripple-the-company/?do=findComment&comment=50182_) The concept was always part of a larger topic, and I guess I made a mental note and just kind of said to myself "Well, yeah, that would be cool. I wonder if that would happen with a large retailer like Amazon that does international commerce." I left it there in my thinking, like a shiny bauble that might get my attention again at some point in the future. After all, I'm focused on the big fish - the possibility of RCL taking over for SWIFT. And then I read a simple group of words from this article, and realized I'd been missing the power of a concept all these years. Here's the snippet: Did you catch that amount of USD that China uses for the sole purpose of ForEx? 3.05 trillion. The Concept Nation-state federal reserves will usually carry the main unit of currency used to make ForEx transfers. And currently, US Dollars are the de-facto currency used to do those transfers. What is SAFE? (source: https://en.wikipedia.org/wiki/State_Administration_of_Foreign_Exchange) USD is Currently King of Reserves So how do we arrive at how much USD some other countries might just "store?" To do this, we need to compare the relative size of China's economy with other nations, and do the multiplication. Let's do this with a few different countries where Ripple has already established trade pairings: GDP of China: 11,218,281 ---> 3 trillion in reserves Japan: 4,938,644 ---> 1.3 trillion in reserves? UK: 2,629,188 ---> .7 trillion in reserves? India: 2,256,397 ---> .6 trillion in reserves? South Korea: 1,411,246 ---> .37 trillion in reserves? Basically, we can roughly estimate that these combined countries store approximately 6 trillion USD in reserves. Also, consider the fact that I'm not even considering businesses within these countries. Large companies tend to want to keep their own reserves of USD for exchange as well. And these companies can store very large quantities of USD in their corporate treasuries as well. I don't *think* nations would ever store a digital asset issued by a private company as a reserve, or if they did, it would be for boutique purposes most likely. A more likely scenario under the current system would be central reserves creating their own IOU on RCL. However, we can use the concept of "reserve" to understand how very large companies might want to snap up XRP at large quantities. So now, go back to the articles here on XRPChat where JoelKatz was talking about the concept of "reserves," and now three of his points should make more sense: (source: _https://www.xrpchat.com/topic/5280-valuation-models-xrp-the-digital-currency-vs-ripple-the-company/?do=findComment&comment=50182_) This is the way currency "reserves" work now for nations - and for large companies - and it is a very exciting prospect for XRP! What About the Future For World Reserve Currencies? There is a possibility that XRP could play a role in national reserves: In an exciting development, a report by the UN Conference on Trade and Development calls for abandoning the US Dollar s the single reserve currency. It says that the new reserve system should (Source: http://www.reuters.com/article/us-dollar-reserves-un-idUSTRE65S40620100629 ) The report goes even further: IMF Connection to Ripple So now we see the connection to the IMF, and now we can understand much better what Chris Larsen (and Ripple's) role *might* involve with the IMF Advisory Committee. If the SDR's are going to operate using a "basket of currencies", what technology do you think is best for representing that basket using an IMF-backed, redeemable IOU? Seriously? This type of usage couldn't be a better fit for RCL and XRP. Is your crypto portfolio on the right side of history? ###### DISCLAIMERS ###### THIS IS NOT INVESTMENT ADVICE PLEASE DO NOT TRADE CRYPTO WITH LEVERAGE I DO NOT HAVE ANY INSIDE INFORMATION I STILL OWN MTG CARDS

One problem is on the receiving end. Say a bank receives a million dollar payment in the form of BTC or ETH and then the recipient wants to make an outbound payment on a conventional domestic payment rail. What does the bank do? Sell BTC or ETH? How? Ripple's XRP strategy includes incentivizing liquidity pools between XRP and fiat already at (or near) the receiving bank. That means the receiving bank is paid in fiat already at (or near) that bank. So the payment is instantly settled, rather than leaving them a pile of a token that they then have to sell or settle somehow. Now it's true that somebody could build such liquidity pools with BTC or ETH. But who would? Ripple is uniquely positioned to have both the means and the incentive to do that. We have a unique revenue model of the appreciation of the value of XRP, much of which we can capture, combined with a huge war chest of XRP (worth billions at the current price) that we can use to incentivize. It's not that nobody else could conceivably do it. It's that we're doing it and nobody else is, or even really has reason to. Why should banks do it at their own expense when we're doing it already? Unless you think some bank consortium is going to launch a counterparty-less, floating value token and try to profit from its appreciation in value (as we are) in which case we're way ahead of them in many ways. I would also add that XRP has been specifically designed and optimized for this purpose. A payment that delivered fiat in this way would need something like ILP to coordinate across ledgers. We have escrow and payment channels for optimum ILP operation with XRP. Our transactions are faster, cheaper, more predictable, and more scalable. So we think we can win for this use case on a level playing field.

Here's how I've been explaining it recently: 1) There's a business that Ripple has providing transaction processing software to banks. It can work without XRP and without any blockchain tech. It improves international payments because it uses end to end messaging to track payment progress, ensure all necessary compliance information is in the transaction in the first place, precisely knows the fees ahead of time, and provides prompt, reliable confirmation of delivery. This is a big enough improvement that banks will use it even if the actual money moves the same way it does now. 2) Ripple has built a public blockchain with a native asset. It has various nice features -- a distributed exchange, good governance, fast transactions, high transaction volume, native multisign, key rotation, payment channels, and so on. 3) The hard part about getting banks to use a blockchain isn't the blockchain, it's everything else. It's governance, compliance, integration with banking systems, and so on. our software does all that stuff, so if routing a payment through XRP is a penny cheaper, the bank can take it. Then we have to make XRP cheaper somewhere that matters. 4) We don't target the biggest corridors like USD->EUR because they're efficient. We target an inefficient, but fairly high volume, corridor. For example, EUR->INR. Market makers have very small profit margins, so even a small incentive to place good EUR<->XRP and XRP<->INR offers can beat what banks are getting now through the correspondent banking system. 5) Once we get one corridor, we hang other countries off each end of the corridor, expanding the reach of XRP. 6) Now, say you're a company like Seagate that pays out money all over the globe. If you have to make payments to five countries in our corridors, you'd rather hold one pile of XRP than five piles of different currencies. That increases demand. 7) Now, say you're a company like Apple with a huge pile of cash. If you want to snap up other assets cheap, you'll need to hold the asset the people selling want. If they're going into any of our corridors, they'll want XRP, so you would want to hold it. 8) If that succeeds, it should massively increase the price of XRP. 9) Ripple holds a huge pile of XRP and will be the dominant XRP holder for the foreseeable future. But we're primarily VC financed and we get revenue from selling software to banks. We don't use our XRP as a bank account but as a strategic weapon. (Though we do sell some for revenue, we just don't need to for salaries or to keep the lights on.) 10) Anyone who gets XRP from us as part of some deal with a lockup has their incentives aligned with ours. They want the long-term price of XRP to go up too. I think that pretty much covers our vision. There is, of course, no guarantee of success. This is a pretty crazy thing we're trying to do. But we have 160 full time employees and have raised tens of millions of dollars. We've hired many amazing people, and our track record speaks for itself.

SBI is preparing using XRP. They will not prepare for a validator of XRP if they do not use XRP. ＠Tokyo is one of world's largest data centers. By the first in Japan and a data center in@ Tokyo, digital asset (virtual currency)Validator http://www.sbigroup.co.jp/news/pr/2017/0201_10562.html http://www.attokyo.co.jp/news/20170201.html

In case you haven't realized how far ahead of the pack Ripple is, check out their new HQ in San Francisco's financial district. They have 2 floors of space once occupied by a financial innovator from another time: Bank of America 29,000 square feet leased until 2024...

The short answer is that even with the cost of hedging against that risk taken into account, it's still cheaper to keep one pile of XRP (that you can send wherever you need to exactly when you need to) than many piles of fiat currency (every place you might need them to be). The long answer: https://ripple.com/files/xrp_cost_model_paper.pdf

** Disclaimer 01 : This is my personal opinion only ** Disclaimer 02 : This is NOT Trading advice, if you use, at your own risk. I myself don't trade regularly, and this is part my new market learning experience ** Disclaimer 03 : To remind a general market sentiment, do NOT trade with funds you cannot afford to lose. Novice markets are always very turbulent until mass adoption and maturity. Definitely NOT for the faint hearted. ** Important Note : NO information in this post is intended to aid short term/ day and/or swing trading. All summary projections are from few months to a few years in range. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ || Type: This is a non-strategic signal update Summary: ~~~~~~~ As mentioned in the previous market conditions report, the following play is in full hold : and in regards to the play out, I have observed an important ADX/DMS signal change, which is as follows : It is important to note that ADX ( Average Directional Index ) is neither a trend indicator, nor a momentum indicator. It is in some ways a very dynamic "strength" indicator for existing conditions. hence very helpful to find when trend is loosing steam and when it is in full power. In other words, it does not matter if we are poking a bull or a bear, this indicator says if it is powerful or exhausted. secondly the DMS are Directional movement indicators. the red is -DM, the green is positive DM and finally the blue is ADX. As we can clearly see *(see directly below the dotted white lines i have marked ), when we are close to setting a bottom, without fail the following things happen: > the -dm goes high ( conveying the chance of reversal getting high ) - currently at 28.77 > the +dm goes low ( conveying the existing trend is exhausting itself ) - currently at 5.94 >> lastly, the ADX goes high showing the recent increase in the existing trend strength. - currently at 49 notice ADX can only go that high for a existing market cap and +dm cannot go below zero. So in short, we are here : and it will eventually become like below: the meeting point of 'X' formation above is the point of trend reversal. we are getting close to the setting a bottom (for this run in short term). and as i reiterated, i definitely cannot see XRP falling below 21 cents without extraordinary sell of of a whole market or something. Definitely not what happened today, will have to me at-least 3 times greater. Lastly, the white line indicator you see in the large graph above is the Williams "Accumulation Distribution" indicator , which is supporting the above observation as well. Hope this provides you a better and more rational perspective on this novice and irrational market. Kindly, R8

These days I can see many guys are loosing their patience on XRP. The main reason is that for weeks, this cryptocurrency has been in consolidation. Despite obvious technical analysis, stubbonly, XRP price still comes around 0.275 - 0.295 USD/XRP. No matter of what, as a 8 year-experienced stock trader, this is the situation I love the most. I have increased my XRP storing to 120% during the last 10 days. I love consolidation periods. It is very safe to trade for small gain. And the small profit accumulates. This is my lesson after so numerous times of loosing and gaining in my stock trading life. As ussual, when the price jumps or drops too fast, I carefully stop trading for a while because it is the time the trading can be like a gambling. You do nothing, you loose nothing that time. What is yours is still yours. I understand some you guys are dissappointed with XRP because some other coins are rising in their prices together with BTC while their beloved XRP still not moves. But I think you are simply emotional at this point. Big coins (except BTC and ETH) are almost similar to XRP now. Look at Litecoin and ETC, among which I know the best . Similar to XRP, Litecoin has been fluctuating between 26-29 USD/LTC for weeks while ETC is in 15-17 USD/ETC. And you are forgeting how XRP climbed up vigorously just a few weeks ago after a so long time it just increased slowly that most of people could not recognize if they just counted XRP price for every single week. The cryptocurrency world did a jump only a few months lately. Before 2017, this world was silently existing beside BTC. Without miners earning their profit, hundreds of coins would have dead for nothing to be put in use. Only coins with organizations standing behind them or an attractive strategy to run marketing are the real players. ETH, XRP, STR, LTC ... are among those. So they are in consolidation after reaching some level of rising. I am not surprised ! These coins are worth holding. Just be patient ! The time scale is not by days. Experienced investors hold them not because they are following the crowd. They hold them because they recognize their values and because they have a strategic purpose. If you just want to surf the market, when you loose patience, just simply move on to other coins. But if you want to hold something for the future, forget the daily change, even weekly changes.

Plus500 silently added Ripple XRP trading Plus500 is a trading platform (comparable to markets.com) for CFD (Contract For Difference) trading. Even though it's for shortterm trading this addition is good I think, since it creates awareness among (day)traders. This is what their Android app looks like:

https://www.americanbanker.com/news/inside-ripples-plan-to-make-money-move-as-fast-as-information The whole article is worth reading, but here are some interesting quotes: If this article doesn't convince skeptics that Ripple is a real thing, then I don't know what else will.

First of all, I am new to XRP Ripple. I only found out about it a month or so ago. I work for a physical FX brokerage, my job daily is to buy and sell currencies for large companies import and exporting. I can tell you from experience the background work involved for just 1 payment from a compliance/swift point of view is a nightmare. When I heard about Ripple I was blown away. The demand for a system like Ripple (RTGS) in the international trade markets is and will be absolutely massive! Their is so much risk in international trade the ability alone to pay in 4s will improve everyone's cash flow and minimize risk + make import and export much faster. 5$ trillion a day fx market is not just speculation for all you traders out their, a lot is import/export. If even one bank uses XRP to route payments, where do you think all real business are going to bank? They will go straight to that bank and open an account. What will this do? It will force other banks to also offer/use XRP or lose your customers. You might say "banks don't need to use XRP" but at the end of the day if its cheaper,faster to route a payment from INR/CNY/AUDTHB/AUDRMB through ripples XRP corridors its going to happen. It only takes a few banks to really jump on the XRP band wagon and that is in my opinion is very likely. Every FX broker will take the best rate they can get and in return offer more currencies pairs to customers. All banks/brokers are competitive. I agree with R8's technical analysis and in my opinion all the "sell orders" on the exchanges only gives a "whale" a fill to go long. All we need is more positive fundamentals. I am in it for the long run and anyone day trading or trading this range is mad! Dont forget just because you got a stop loss order doesn't mean you will get a fill when prices moves in a illiquid market.

** Disclaimer 01 : This is my personal opinion only ** Disclaimer 02 : This is NOT Trading advice, if you use, at your own risk. I myself don't trade regularly, and this is part my new market learning experience ** Disclaimer 03 : To remind a general market sentiment, do NOT trade with funds you cannot afford to lose. Novice markets are always very turbulent until mass adoption and maturity. Definitely NOT for the faint hearted. ** Important Note : NO information in this post is intended to aid short term/ day and/or swing trading. All summary projections are from few months to a few years in range. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Summary: ~~~~~~~ Today is going to be a very short update, never the less marks a key turning point. The last report concluded the following as the highest probability: As there has not been significant changes in fundamentals and external influences, this case has played out successfully, and this report "marks" the beginning of "base setting process" at 29 US Cents. I expect the base setting process to stabilize. The range median for this base is around 29.1 to 29.7 cents. the absolute median is around 29.2 cents. hence this is the stable point for the next leg. Probabilities: ~~~~~~~~~~ >> There is a 60% probability that XRP will form a strong base at 29/30 cents range to the next leg up towards the 38 cents region. >> there is a 25 % probability that XRP will form a weak base and downtrend towards 21 cents strong/bounce support line. >> There is a 10% probability that XRP will start its leg up to 38 cents resistance without forming a strong base. (not good for support characteristics) >> there is only 5% probability that XRP will drop below 21 cents. **Important note: Please note that the 38 cents to 43 cents is a regional fight-off where expectations and perceptions clash. This is going to be marked by a heavy alternating graphs and will last for some time. XRP as an asset has to digest the difference in expectations and break 43 cents with strength. Above 43 cents is the "fly" zone. minimum for next range is 55 cents and maximum is the Fibonacci marker at 73 cents. Wish you all the very best of your luck. Kindly, R8

Ryan Zagone of Ripple talks to SEACEN and our member central banks on the future of cross-border payments.

@karlos, please let me know if I'm breaking any rules here, but I thought in order to get the creative juices flowing in the community and have some fun while we're at it, that we create a contest for Ripple/XRP themed photo shopped pictures or art work. I think we did something similar in the past during XRPTalk days. This will also have the added benefit of increasing Ripple and XRP awareness if we come up with some really cool and funny images that can get uploaded into the internet. To encourage the creative juices to flow, I'm offering 500 XRP from my own stash for the best art work or pictures that is: 1) Clever, and some artistry in it 2) Emphasize Ripple/#XRPthestandard and its potential and/or functional attributes 3) Funny The judgment of which one is the "best" will be made by a community vote, or I'm open to any suggestion for better ideas on how to measure the "best".. Here are some example:

https://xrphodor.wordpress.com/ My 2nd blog post; All I had to do is discuss the facts... Ripple is making it too easy!

is that SOME XRP speculators/gamblers think the markets owes them. They are impatient and do not appreciate market returns. They trade their debts, broken dreams, and their other lack of initiative in life while hoping XRP will solve all their life problems. XRP management, development team and all their affiliates can not work at a pace that is fast enough for all the ones above.

I don't know if you guys have already seen this video, so just for your reference. May 31, SBI Holdings Information meeting Below are some of the points he is discussing. 19:55 Mentions Ripple and upcoming opening of SBI virtual currencies 136:00 Mentions Ripple, R3 and Ripple Asia. SBI introducing new technologies to local companies and banks 145:00 (Most interesting part) Goes over Ripple ILP, Fast and easy money transfer, much faster than blockchain. By using XRP, you are able to save more than 60% of transfer costs, by not using XRP would be 33%. This will help banks to save operation costs. It is scheduled to be in use sometime from this summer to winter. It was interesting how he stepped into explaining the specific use cases which was never presented in Japanese (At least, not that I know of)

Exactly. How does Twitter benefit from the Internet? If you were trying to build Twitter, and there was no Internet, would you try to build an Internet that was biased towards Twitter? Or would you try to build an Internet that everyone could get behind and that could make all kinds of wonderful things, including Twitter, possible? We really, really mean it when we say we're trying to grow the pie, not fight over a larger slice.

I know you are all wondering why XRP is not going up. I have to admit, i know the reason why, You see, i've been buying cryptocurrency for over 3 years - buying and selling, buying and selling - BTC, ETH, LTC. I have seen it go up and down many times and it always follows the same pattern. After so many years of collecting empirical data about the market i can definitively state the reason why XRP won't go up - the reason is because i own it. You see, i bought XRP at 0.32c, and since then it just dropped. I also bought BTC when it was $200 and then sold it at a loss - right after i sold it it skyrocketed. Same thing with ETH - i bought it at $30 and sold it, breaking even, and right after it skyrocketed. The latest one is LTC which i bought at $12, but i sold it and then it went up. I then bought it again at $30 but this week i sold it, so now it is up to almost $50. So XRP is never going to go up, because i am not selling it. If i sold it, it probably would skyrocket - but i'm not selling it. So none of us will ever make money with it. sorry guys

I have several ways I believe XRP can be used. If I were younger, I'd hold onto the ideas, crowdsource them, get an SBA loan, put together a group of devs, biz development people and "go". Not gonna: not enough life left to give it all to the business of business. The business of life is too important. 1) Surveillance video authenticator system that proves "chain of custody". If commercial and home video is intended to convict those who commit crimes, what needs to be overcome is the verification process that the video is authentic, unedited, verifiable and retrievable. By splitting XRP units into small slices of available value units, each video is "blockchain" locked for use as evidence. Stored (via distributed, decentralized devices) that hold the "chain of evidence" for a specific period of time (useful disintegration if not crime related), then released to be erased and re-inserted into use again on the surveillance system. XRP is the escrow unit that holds the keys to the stored value or to the useless info. After escrow, it, too, is released with a portion of the XRP unit destroyed as well. 2) Grid "SCADA" device security for utilities. XRP is the broker token used on end-to-end SCADA devices to outflank the router port access that hackers use to gain access to the still scary "dumb" coding that sits on a qazillion utility company units around the planet. 3) Medical record aggregation. Over a lifetime, my medical information resides at many places, with many medical service organizations. With an XRP (again one that's divisible thanks to my ownership of a certain number of personally identifiable units) attachment to any medical service or medical need that relates to me, I can, at all times, or in different ways, collect, hold and store my personal medical information in my vault. Does a hospital, pharmacy, dentist, chiropractor, yoga instructor, nutritionist want my info, they deliver me their XRP value token for access to that which is pertinent. A full-on, permanent record of everything done, investigated, offered, diagnosed, delivered is mine. I am able to efficiently deliver a history, a prescription, a financial comparison, a claim, a challenge....etc. The medical XRP. Enough for the moment.

############################################## DISCLAIMERS: THIS IS NOT INVESTING ADVICE I AM NOT A GOOD TECHNICAL ANALYST! DO NOT BUY CRYPTO WITH LEVERAGE ALWAYS DO YOUR OWN RESEARCH ############################################## Before I started researching yesterday, I had a nagging question: "Is the insane level of 1 billion dollars per day flowing into crypto continuing, or has it declined?" The answer is: Not only is it continuing, it's tripled. Yeah, 3 billion is flowing into crypto, on average, every day this week. Here are those "average flow per day" statistics I massaged based on data from (source: https://coinmarketcap.com/historical/) So is that sustainable? The answer is yes, and it's increasing. Except for one week, the average daily flow into crypto has increased week-over-week. During this week, the average daily flow into crypto-currencies totaled roughly 3 billion. If we see this trend continue, that means that we can expect to see an increasing amount flow into the crypto-currency market next week as well. So not only can we expect to continue to see this daily amount continue, it looks like it's increasing. What does this mean for XRP Price? If we account for an increase in the daily average of roughly 15 percent, this will result in a price of over one dollar for XRP *: *Corrected to use week ending on 5/21/2017 as a base after realizing that using 6/2 would not result in a whole new week for the 6/4 figures Keep in mind that the average daily crypto investment has been increasing by much more than 15 percent week over week in May. I predicted that June would "get crazy," only I don't think I really knew how crazy it might get! I Don't Trust Your Positivity... Okay then. The most conservative estimate *in my view* is that the daily average continues unchanged, or even decreases - even though we know it's increasing. A zero percent increase in the average daily investment in XRP will result in a price of 81 cents at the end of June according to my spreadsheet. When I showed my calculations to a friend this morning, he challenged me to put in a negative growth rate for the average daily investment in XRP. That negative numbers still resulted in an XRP price of over 51 cents. Do your own research on https://coinmarketcap.com/historical/, and let me know if you arrive at similar conclusions!

A Japanese designer @crypto_creator personalized Ripple. "Moon cryptocurrency! Profit!!"

"Nostro Accounts." It's one of those words I heard thrown around by ForEx traders on the forum when they were talking about Ripple. I remember my eyes kind of glazing over and thinking "Okay, blah blah, Ripple will save them some money there..." That was good enough for my thinking at the time, but since then I've done some further reading, and with recent banking adoption taking center stage, I thought I'd review it again. In addition, Ripple has specifically indicated that they are targeting nostro accounts (source: https://ripple.com/files/xrp_cost_model_paper.pdf) I was surprised by how simple the concept is, really, and it makes perfect and logical sense. Not all banks will want to do business in France, for example. Some just do business in ... lets say, the United States. An Example You Can Understand Bank "US" is a U.S. Bank based only in the US Bank "FR" is a French Bank based in only France A "nostro" account means that the US Bank opens an account with FR like they are a customer. Banks can do this. Then the US Bank buys up a bunch of Euros and puts them into that account (in their account with the French bank). They're doing this in anticipation of having to make payments in Euros out of their account at the French bank. (source: http://www.investopedia.com/terms/n/nostroaccount.asp?lgl=myfinance-layout-no-ads) Are you with me so far? That's it.... that's a nostro account. How It Works: A Simple ForEx Transaction So here's how a transaction works at it's most basic level: Let's say you are planning on working in France for six months. You go to your bank here in the US, and tell them, "Hi, I'd like to transfer $25,000 worth of Euros to an account I just opened at a French bank. But I don't have any Euros - I just have dollars here in the U.S." Your bank will then take your money, deduct it from their account having USD here in the US, and then do another entry in their account at the French bank, crediting it with the spot rate equivalent of Euros for $25,000. The number of Euros you get is known at the time of transfer. But they've got to charge you some fees associated with that transfer. Sure it's convenient for you, but remember, they had to open an account, and then buy a bunch of Euros. They have to hold Euros in this "nostro" account. Basically the lesson is this: for each country that a bank or institution wants to do a lot of business with, they should "hold" a lot of that country's currency on the other side of the border, so that they can do transactions most quickly and efficiently. Now you can see why financial institutions didn't like the idea of a "Brexit". Now the Euro will not cover the largest European country (by GDP), and they will have to buy up British Pounds at some point. That's the good thing about a Euro - it acts like XRP does, standardizing the transaction to many different countries. (source: https://en.wikipedia.org/wiki/Nostro_and_vostro_accounts) What Does This Have To Do With XRP? XRP takes the place of nostro account holdings. If banks in fifteen different countries use XRP as the "bridge" asset, then those banks no longer have to hold the fiat money of those other countries. They just have to hold XRP. Are you starting to see the magic? XRP could save banks up to 42%, even with XRP at HIGH volatility. (source: page 9 of https://ripple.com/files/xrp_cost_model_paper.pdf) There is nothing stopping XRP, and that's why banks are signing up at an increasing rate!

Damn, now I'll never get my $8.3 million.

Al Rajhi Bank (ARB), the world’s largest Islamic Bank, has completed a secure, cross-border money transfer using Ripple Blockchain Technology. This successful transaction marks the first time the technology has been used in Saudi Arabia. The Kingdom of Saudi Arabia is the 2nd leading country for remittance in the world. Al Rajhi Bank specifically is the leading bank in the region for remittances, with over 200 remittance centres across the Kingdom. The Bank is working closely with the Saudi Arabian Monetary Agency to make such technologies widely available to its retail and corporate customers. http://www.alrajhibank.com.sa/en/media-centre/news/pages/blockchain.aspx To my knowledge not been posted sofar....