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This is post is purely personal fundamental analysis....no technical analysis has been done. Hi all, In the unlikely situation that Ripple will NOT make a large announcement following the speculation buildup due to their tweets it is possible that we will see the xrp price dip again. However, I believe that the milestone 10B Market Cap (roughly xrp = .26) reached once again will serve as a strong line of support. Similarly it acted the same way in June and the price fluctuated between .26 and higher for weeks. As always comments and thoughts are always welcome. Thanks
@miguel Dear Miguel, I loved your interview and believe Ripple has chosen the right person for the job. You mentioned that you would like to increase the XRP demand in order to increase the price but I am sorry to say that at this moment this statement is very contradictory because to do that you have to make sure that buying xrp should be piece of cake for new customers but infact it is not easily available to people who are seriously interested in buying them, they have to go through hoops and hoops of cryptos and fiats to buy xrp which sometimes puts serious buyers off. I will give you my own example. I am in Australia ( in which you are working with multiple banks (but still dont have any website directly offering xrp, which is a shame to be honest. I paid 8% in fee and charges (including forex and bank fee and charges ) which could be saved, had xrp been available in Aud. @miguelI do not consider myself wise enough to tell you about your business but if that is ok with you, i would like to add my two cents. In order for people to trust you with their money i think (among other important things) two things are must (apart from stability of price ofcourse ) (1) Easily availability (even gold is useless if interested buyers can not buy that ) (2) trustworthy wallets to store their xrp ( I love gatehub but most of the conservative customers would probably prefer if their banks or companies supported by their banks can store them. (example Coinbase supported by Westpac ). Keep doing a good job mate.
I see Ripple has come out and being quite outspoken about ICO's and the need for regulation etc. My question is regarding something similiar that you would get in regulated equity markets. Ripple has stated that they can sell up to 1bn XRP a month for expenses, development etc ($170m, quite a lot) and given how much XRP trades this shouldn't really impact market price as it would be less than 10% of global monthly volume. That said, if any listed company or central bank were to transact in their own shares they would declare it. I can't find anywhere how many XRP the company is actually selling a month and then sending the rest back to the escrow (if any?) Does the company declare anywhere how many they have sold and at what average? If not, shouldn't they?I guess this would be one for Miguel Vias as head of markets as I imagine he would control the day to day trading. Apologies if this is somewhere or there is a way to calculate and if you could send me that way very happy to do my own maths. I would email Ripple support, but not sure if any of you have tried this before. A scary 2 day black hole with a 1 line response with zero colour has been my only response when asking a question whether I should open an NBAD account to transact using XRP (I am based in the UAE and remit money home). Disclosure: Am an XRP holder