ripple price - Don't worry about the price, XRP can make you very rich!
welcome back guys is clipped irako here and in today's video we're going to talk about why the price of x RP is dropping after the launch of X Rapids and after the swirl event lots of people were expecting the price to go up crazy people were talking about price going up to $1 just after the event and there are some crazy price predictions I'm going to talk about the facts I'm going to talk about why the price is dropping whether you sell whether they should buy more I'm gonna look at and what is X Rapids because a lot of people do not know what X Rapids is and the difference between ripple and X I'll be this is something that every ripple or XRP investor should know what the ripple price is so I'll talk about the difference and yeah and then I'll talk about why the price is dropping in and what what you should do and to end
this video I'll do a bit of a technical analysis I'll keep it simple because I know a lot of people do not like technical analysis but it does work guys so I'll do a bit of a technical analysis to give you guys an update and a lot of the channels do not do technical analysis so I'm gonna incorporate the this channel slightly different I'll talk all the price and the fundamentals and I'll try to link it up with and the technical analysis so without further ado let's get into the video so ripples price went up massively guys and when when a price goes up this much about to almost 2x and the way the ripple price went up if you look at it from about the it went up more than 2x and when prices go up that quickly guys it drops in and people take profit so that's something that happened but is XRP bad is X rap is not going ahead is there is the fundamentals of of XRP bad is real poor not doing a good job with XRP no that is completely wrong X Rapids is is huge and and ripple and x RP I mean I'm using the interchangeably extra X or x RP + X rapid is different I'll talk about it in a bit but x RP X Rapids there's three companies that are potentially working with X Rapids by ripple labs Brad Carling house and they're working with it and this was discussed I think it was the expectation guys that that dropped because people were expecting bigger things and and there was a bit of buy the rumor sell News people were buying in the hype and they expected to sell so that could have been another reason so let's have a quick look at what the different what was the main reason for this price increase the main reason was cigar shop I said I'm very confident that in the next month or so we'll see some good news coming in where we launched the product life in production and that was huge news and that's what kind of started the XRP rally and that was the main reason why it ran it so much and I think people were just taking profits and and and the and the swell event probably wasn't as people it wasn't as good as people expected is it bad no saw event was good and let the things that are going on with X up is great rapport and X up here that one of the only cryptocurrencies to have a working product and he's actually being used and it is potentially being adopted as well and when X rapper if X Rapids is successful guys x RP long term will go up so let's talk about the quick difference in ripple and x RP ripple is the company that aims to speed up cross-border payments ripple has partnered with over a hundred banks and boost a range of money transfer services usually using blockchain and cryptocurrency X up is the cryptocurrency created by ripple it is not currently used by banks but it's a big part of the future and plans are forthcoming for X Rapids so exactly is the cryptocurrency guys and ripple is the company and people talk about whether they accepted centralized or not I'll make a separate video talking about whether exactly centralized or decentralized ripple is central is the company but XRP although it's been made by a company and it gets a bad name they are trying to decentralize it a lot more I'll leave that for another video so what is X Rapids X Rapids aims to make those transactions even faster cheaper most importantly it does use x RP to settle money transfers X RP used as a bridge currency in the process here's how it works let's say Bob lives that you can wants to send 100 a thousand pounds to Alice in India using X Rapids Bob instantly transfer stars into cryptocurrency x RP it is sent to India in seconds to where it is transferred into so XRP is like the medium where it uses is being used to transfer money and the fees are on was zero the whole process takes four seconds if you want to send money to India or in the other country now it takes days I think Brad Gallagher said it's easier to is cheaper to life it's easier to buy a flight ticket and then go to Indian and hand the money and that shouldn't be like this in this day and age and that is the main reason what XRP it could be a game-changer and it could be one of the main key cryptocurrencies the description above is very quick outlines how extrapolate works there's a reason why it's so powerful banks need liquidity are lots of money to make foreign exchange and the current way they so liquidity is wildly inefficient so banks in liquidity xrp could provide that liquidity and this you think of XRP will drive that demand for it and when demand goes up price usually goes up got it but our bets using extrapolates am not yet so they are using it again guys we are assert as we're at such an early stage people want instant gratification people want money tomorrow they won't invest a dollar and want to be a millionaire tomorrow and it doesn't happen like these guys people see your bread garlic on said dozens of bank will be using X Rapids and and and people are working on at this three the start of the video I talked about three company providers although they're not huge they're talking about the using they signed up to use X rappers by ripple labs and earlier this year Brad Carly has talked about even more bad as dozens of banks using it so X Rapids to go live in the next month or so so again if if if X X rapid that in place is just one percent of the international bank transfers through so if the daily volume of X Rapids would increase by 250 X so that's why I said do not worry about the price think about the long-term and if this happens I'm not again this is not financial advice but if if the extra extra RP users daily volume increases by 250 X and 1% is fairly conservative prediction thinking about the price of x RP guys again this is the approach prediction video to the text analysis at the end not making crazy hundred-dollar $200 XRP price predictions I'll talk about a realistic prediction at the end but this is big guys and this is the reason why I'm saying do not worry about the price think about it long term so why has the price not increase people were expecting a higher better news I mean they were probably expecting suntanned there are some big Barclays to start using X RP which which is not happening and there was a buy the rumor sell the news and and the Clinton although was a big name there were some big names involved he didn't really talk too much about x RP or cryptocurrency as much so maybe that they swell event didn't live up to the hype of the amount of hype that people were hyping it up to be they still good and again if you believe in XR p long term guys you can start accumulating and again XR p so big guys it's covered by big popular news media result not just random cryptocurrency media outlets is covered by CNBC for a big big news outlets and again this is this was that this was the big news that came out the cryptocurrency be exactly being used by companies its course launching and it was really really good news guys and and people that do not like X up here I recommend you look into and do your research a bit more and even if you invested in x RP make sure you analyze a lot more before buying so this is another current another news outlet talks about the the potential benefits of XR P and the reasons why it can be go up so much so quickly so excited transaction takes three to four seconds it's it can solve a real-world issue fraction of penny transaction costs as cheap guys if you set money what a broad you know how expensive it is widespread adoption of X rapid protocol partnered with hundred banks and this couple e |
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