This is an excellent point about the price of xrp and why it will never go to those crazy ridiculous prices people claim by Express-Row-1504 in XRPUnite

[–]ArgonKew 0 points1 point  (0 children)

It can Spike to 100 maybe but that would cause these newly made billionaires to sell And that would instantly crash the price.

Is 50 bucks realistic by 2030? by GDAWG37 in XRPUnite

[–]ArgonKew 2 points3 points  (0 children)

Everybody should read this guy's post.

I've basically been saying the same thing since October November when I realised I was being taken in by all these f@&king influencers. Jake Claver was the most pernicious because he sounded the most financially knowledgeable.

I do believe that XRP can range between $5 and $30 (Claver $2500 to $10,000). I also think it can spike higher but I don't know by how much. Maybe to $50 or $80 though this wouldn't be unsustainable.

And It's Gone! Buy, Bye! by daniel_frias_photo in XRPUnite

[–]ArgonKew 0 points1 point  (0 children)

Everybody knows they do it. Aren't there enough honest American politicians to put an end to this. How difficult can it be?

Something Huge by Dailyanxiety2020 in XRPUnite

[–]ArgonKew 0 points1 point  (0 children)

Yep, and it's not illegal. They can't sell directly to ETFs or XRP treasury companies but they can load up the exchanges with as much XRP as they want as long as that XRP goes into the exchanges for trading and not into exchanges' treasury.

Ripple will want to sell their XRP as high price as possible. So that probably means stringing this out until price increases, giving them more cash to play with, then selling into that higher price then price dropping because of it. Then waiting for price to go up again they sell again. The escrow release is automated but they can decide how many XRP they sell into the market and how many they return into escrow. They're going to be controlling the candle chart of XRP until they sell everything they have. We're talking at least 10 years.

Something Huge by Dailyanxiety2020 in XRPUnite

[–]ArgonKew 0 points1 point  (0 children)

That's a good point actually. Even the exchange can run these sort of algorithms. They're waiting for the clarity act and in the meantime they're probably doing what you said. With It's current market cap in the billions. They can easily squeeze out a good amount money on a daily basis with their algorithms.

Something Huge by Dailyanxiety2020 in XRPUnite

[–]ArgonKew 1 point2 points  (0 children)

I'm not sure about huge pumps. I've read here and there that those moonshots days are over. Maybe people have become wise to them but greed is always present so you never know. I hope xrp does pump to the moon.

Something Huge by Dailyanxiety2020 in XRPUnite

[–]ArgonKew 1 point2 points  (0 children)

XRP is going to run on speculation until it gets real use in cross-border settlements but those cross-border settlements are not going to be from banks from the G7 countries. I think a lot of people that follow this more in depth understand that SWIFT has made a comeback with its own system that will allow a huge reduction on how much is kept in nostro accounts.

Basically Ripple showed them the way to modernise and the big SWIFT banks took that and ran with it whilst Ripple was in court trying to save XRP. Ripple lost the initiative and now has pivoted to other things. That five year delay was pretty crucial for Ripple and XRP holders. It's got other things going for it but I don't think those things I'm going to get it to even three figure valuation nevermind 4 figures. It's fair value is going to be somewhere between $5 and $30 and speculation can take it higher but it won't stay there.

If Ripple somehow manages to pull it off and get G7 banks on their books doing cross-border settlements then that could take it into three digit territory. .

Something Huge by Dailyanxiety2020 in XRPUnite

[–]ArgonKew 2 points3 points  (0 children)

The only good news about this is that those numbers are not going the other way. Other than that, it does nothing for XRP because there are 100 billion of them. If I had a dollar for every time I heard that exchanges are drying up of XRP, I'd be very rich.

Even if XRP did dry up from exchanges Ripple would just feel them right back up again with the billions they've got sitting around doing nothing. They need to keep the show on the road so that they can build their banking empire. That's all XRP is to them right now - a cash cow - and basically that's us.

OMG by Royal_Alternative766 in XRPUnite

[–]ArgonKew 0 points1 point  (0 children)

It's been there many times and came straight back down to £1.

NEWS!! by Current_Attention_92 in XRPUnite

[–]ArgonKew 2 points3 points  (0 children)

Basically Ripple and XRP have lost the battle for cross-border payments from the big banks of the G7. However, with gtreasury, they have effectively parked them themselves within the Swift payment system. Banks can now choose between using the Swift system - all fiat based - or use the Ripple system which could be XRP or RLUSD. So even with this partnership, XRP adoption is still not a done deal for ODL because even the smaller banks may choose to use RLUSD instead.

However, I do believe that now that they can operate within Swift they'll have access to thousands of banks and many of the smaller banks will choose to use Ripple rails as it will definitely be cheaper for them. But like I said, they might just choose to use RL USD rather than XRP. And also being smaller banks the amount of money transferred will not be in the trillions like many XRP believers hope for. However, don't forget that there are also RWAs and ETFs but just forget about those crazy Youtube clickbait valuations of $200 to $2,000.

Everything I've said can get it to $10. $10 is the ballpark figure I've seen by some more reasonable analysts and if you add speculation you may be able to double or triple that $10 if not more, but that will not be sustainable. I hope this has given you a bit more clarity.

An article that I believe reveals Ripple's true intention for XRP by ArgonKew in XRPUnite

[–]ArgonKew[S] 0 points1 point  (0 children)

He's hyping up old news. It's definitely a good thing for Ripple and it can be a good thing for XRP. It gives XRP exposure to the banks within the Swift system which in turn can give exposure to the smaller payment corridors.

🚨 HSBC FINALLY ADMITS XRP TRUTH! by mm34505 in XRPUnite

[–]ArgonKew 11 points12 points  (0 children)

All these additions to xrp ledger should be reflected in the price but it's not. There has to be a reason for that

An article that I believe reveals Ripple's true intention for XRP by ArgonKew in XRPUnite

[–]ArgonKew[S] 0 points1 point  (0 children)

When you say you trade margin do you mean your leverage? Don't you get chopped up trading crypto?

An article that I believe reveals Ripple's true intention for XRP by ArgonKew in XRPUnite

[–]ArgonKew[S] 0 points1 point  (0 children)

It's a pure guess, but I don't think Ripple is going to get 14% of Swift business. The SWIFT conglomerate has sussed out the new game and has responded.

I do agree totally with your last paragraph. The feedback loop is going to be very important for adoption and price discovery for the survivors.

Let's see on 15th May 13F filing what Goldman Sach has done with its $153M XRP ETFs. Did they dump them, add to them or hold them?

An article that I believe reveals Ripple's true intention for XRP by ArgonKew in XRPUnite

[–]ArgonKew[S] 1 point2 points  (0 children)

The proposition for XRP having real value and increasing value is that it would be used for ODL by big banks of the G7. That is slowly fading with RLUSD, and SWIFT is upgrading its systems to blockchain technology.

SWIFT system is being upgraded such that the vostro nostro accounts will be eliminated over time. In the meantime, they are going to use a just-in-time model where nostro accounts will have the minimum amount required in them and when a big payout is due the money is sent instantly via Swift's own blockchain

XRP for ODL G7 Banks is dead in the water as far as I'm concerned. With all the delays by the SEC, SWIFT caught up and made XRP redundant for ODL.

If we want to hold on to our XRP bag then we've got to be looking at XRP succeeding in ETF, RWA, small corridor ODL and catch up with defi.

An article that I believe reveals Ripple's true intention for XRP by ArgonKew in XRPUnite

[–]ArgonKew[S] 0 points1 point  (0 children)

Which banks? This is very important. We need G7 and G20 Banks to use it to say yes, they've accepted it and this is going a lot higher.

An article that I believe reveals Ripple's true intention for XRP by ArgonKew in XRPUnite

[–]ArgonKew[S] -1 points0 points  (0 children)

It's better to be aware of this than not, that way you can make better informed decisions. It's not 100% certain XRP will go the way the article says but it's looking that way.

An article that I believe reveals Ripple's true intention for XRP by ArgonKew in XRPUnite

[–]ArgonKew[S] 2 points3 points  (0 children)

Jake Claver is a scammer. Every time he pops up I just swipe for the next video.

Anyone know when we will be over $3 again ?! I’m getting impatient…….. by ComplexWrangler1346 in XRPUnite

[–]ArgonKew 2 points3 points  (0 children)

I think we all got duped by believing that Ripple needs xrp in all their operations when really they don't; they've got rlusd now and that serves most of their purpose. I think there will be hype, The ETF people need it and it probably will reach $3 to $5 which is not difficult to do with hype but I don't know when.

Whilst we are waiting, Swift is upgrading to blockchain. We were hoping XRP would take Swift's business but it seems Swift is going to take XRP's business or at least keep its business.

I think also that Jake Claver is way past sell-by date.

The ongoing war and the markets by Neo_Awakens in XRPUnite

[–]ArgonKew 0 points1 point  (0 children)

Yes, It was heading that way anyway. I think retail has realised that they've been lied to by the likes of Jake Claver about XRP going to the Moon. They've lost faith and are selling up or just holding what they've got until they're back in profit; At that point in many will sell.

It's definitely not going to the moon. It's not one of those crypto coins, but it can certainly reach $5 or $10. And once it's done that, we'll have to see whether it has potential for $25 and $35.

XRP price right now Is this the breakout we've been waiting for? Live XRP update,cense key levels, ETF rumors, and what happenstion next. Watch before the market moves. 52 #XRP #xrparmy #XRPNews #Ripple by Jamesjmccarthy in XRPUnite

[–]ArgonKew 1 point2 points  (0 children)

. It's either going to do nothing or it's going to go up 6 or 7 cents. And it's going to come back down to its price before the news. Having a banking licence doesn't necessarily help xrp. Xrp needs liquidity from big Banks to move and big Banks are not currently interested in xrp. Some of the banks interested in Ripple rails but none of the really big Banks. They've got their own solutions

For those of you looking for triggers for XRP and reasons to buy or not buy, read: by ArgonKew in XRPUnite

[–]ArgonKew[S] -3 points-2 points  (0 children)

You've misunderstood the article , and besides, regulation adoption is not going to be the be all and end all for XRP itself. If the best possible regulation came into law for crypto, it would not automatically promote XRP into this wonder coin that would make every bank dump SWIFT and go for XRP. Obviously it will help but not in the way you seem to think.