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Ripple’s XRP Could Attain $28 in the Next Bull Cycle –Crypto Expert

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1 hour ago, Dario_o said:

WHEN .28?

Fun fact, if you had 1,000,000 USD, you could push the price of XRP on Bitstamp to 0.298 USD, and you average buy price would be below 0.24 USD :)

To push it to 0.28 USD, you'd "only" need 750,000 USD.

 

Clearing the sell orders would naturally call in the bots, so the price would not be sustainable, but to answer your question "WHEN .28": In a matter of 750k USD.

 

EDIT: before anyone gets excited, this is just Bitstamp and just XRP/USD. But serves to show just how illiquid the markets are.

Edited by QWE

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32 minutes ago, QWE said:

Fun fact, if you had 1,000,000 USD, you could push the price of XRP on Bitstamp to 0.298 USD, and you average buy price would be below 0.24 USD :)

To push it to 0.28 USD, you'd "only" need 750,000 USD.

 

Clearing the sell orders would naturally call in the bots, so the price would not be sustainable, but to answer your question "WHEN .28": In a matter of 750k USD.

 

EDIT: before anyone gets excited, this is just Bitstamp and just XRP/USD. But serves to show just how illiquid the markets are.

I meant when .28 for more than a few seconds :P

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Present price levels represent nothing at all and are giving financial institutions the chance to take over retail investors xrp if they are ‘smart’ enough to sell.

ODL corridors are developing but ‘the main switch is and will remain regulation’ in the near future.

The lower the price of XRP, the less chance that ODL will be succesful in the short term. The Ripple team has damaged retail investor trust by over incentivising XRP in an arrid and bearish crypto environment. That ‘stupidity’ Is looking to become costly with ODL corridors becoming more difficult to setup as a result. Liquidity is also dependent on trust and belief that Ripple is doing the ‘right thing’. It is therefore positive that Ripple locked up the 1 billion december xrp escrow release. But is that step  enough and will it repair a downward trust spiral...

My question is ‘at what XRP price will ODL stop functioning’..... become obsolete.....

 

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The standard for calling someone an expert should be at least 10,000 hours of research in the field. It is an injustice to see that bar knocked down a couple of decimal points.

Even with a 60 hour weekly research schedule, which truly boils down into 40 hours of productive research and 20 hours of breaks & distractions, and with a maximum of 2 weeks off for holidays and vacation, you're looking at 5 years of straight cryptography and finance research...

That being said, here's a cheers for team XRP early adopters. :drinks:

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Yea Brad Garlinghouse was not kidding when he said all digital assets would go to 0.00. XRP might just be the first one there. Damn, kinda wish I didn’t buy in so early. Late is the new early.

Edited by Scout

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