Why XRP's Price Will Hit $3-$7 After The SEC Lawsuit Is Settled.
When an examining a project for investment consideration. Many different factors are sloshing around in my brain.
Some of which include:
Project goals Including long term and short term
Goals currently executed
Partnerships
Asset Price Point
Specific Chart Indicators
Target Markets
Current Market Share Acquisition
There are others but I shouldn't give way all my secrets..
Through out the years I have put together a point system of sorts. Amongst a number of others XRP has always been one high up on that score list.
Top Three in fact.
Now in this piece I’m not going to go into detail on what XRP’s utility is - you can find the article I wrote called “Choosing Crypto As A Form of Investment.” here on the site.
Where I go into great detail on the utility of XRP as well as Ripple and the $27 trillion dollar market they’re currently going after.
Brad Garlinghouse CEO ripple - sitting along side Russ Leckow of the IMF at the Singapore Fintech Festival.
The Image above shows Brad Garlinghouse Ceo of Ripple attending the 2018 Singapore Fintech festival on stage alongside Ross Leckow from the IMF. I remember this event. There were many different things that took place during this event that solidified my investment in XRP.
Something that always struck me as odd was that Ripple was always referred to as a startup. (even at this event) I mean they’ve been around since 2012 so up to this point it had already been 6 years since it’s inception and this “startup” was on stage with this guy from the International Monetary Fund. Allow me to retort, not just any guy. He is the Deputy General Counsel For the IMF.
There is a video down below. But first a caveat:
The International Monetary Fund (IMF) is an organization of 190 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries’. SDR stands for special drawing rights.
Special Drawing Rights (SDRs) are an asset, though not money in the classic sense because they can’t be used to buy things. The value of an SDR is based on a basket of the world’s five leading currencies – the US dollar, euro, yuan, yen and the UK pound. The SDR is an accounting unit for IMF transactions with member countries – and a stable asset in countries’ international reserves.
So in short the IMF is this magical global organization that has it’s pulse on the health of all countries that make up the entire planet. When a country is need of economic resuscitation. The IMF flys in like superman and saves the day.
Ok. with that said. Let’s move along.
For many years prior to this event within the crypto space were talks of the IMF possibly adding a digital asset to the basket of currencies in the SDR. This would be huge and to many still very possible. I want you to pay close attention to both of their body language when the question in the video is presented to them. It is a very specific question that pertains to what I just explained above.
Watch the video.
Now let’s examine his answer. He said “Under the current legal framework. Some country would have to use “a crypto asset” as it’s currency. When I watched this video in 2018 I always had the feeling that they already knew what was coming. If a particular asset was added to the SDR - it’s native blockchain as well as the asset’s utility would become insanely valuable and subsequently we would see an extremely large increase in the asset’s value.
With that said -
Don’t forget what recently transpired this year in 2021:
Many locals in El Salvador have embraced Bitcoin. Implementing the technology into their businesses as well as personal finances.
So according to the IMF since El Salvador has just adopted Bitcoin as a currency. They can actually add a digital asset to the SDR? But will they?
We shall see..
Don’t forget that this is a game of chess. There are many moving pieces going on that we cannot see.
Currently Ripple is going through a “lawsuit” brought on by our friends over at the SEC. I won’t get into too much detail on the matter because I’ll save that for a future piece.
But I will say this.
I believe that the lawsuit is frivolous. It holds no merit and from the evidence that has been presented will be dropped sooner than we think. There is a power struggle going on behind the curtain. The curtain - is about to go up. There are many points to why XRP’s value will go up after this lawsuit. I wanted to share just one example from the past that opened my eyes to to Ripple and Xrp’s utility. This was a HUGE example. But like I always say. Do your own research.
In closing.
Since 90% of crypto exchanges delisted XRP shortly after the announcement of the lawsuit. There are many retail investors as well as large financial institutions waiting on the sidelines ready to sink their teeth into the asset once all of this is resolved. Not only will this be a massive boost for Ripple’s Business as well as it’s native asset XRP’s price -this case will have set the precedent for the entire crypto universe which will ultimately put XRP in the spotlight that it deserves.
Jk
