I predict Ripple's XRP price will be between $12-20 in 3-5 years. I've been bullish on Ripple's XRP price when it was only 4 cents. I begged everyone I know to buy it. I have 1.4m XRPs I bought at 4-8 cents. I didn't sell at $3.65 and I'm not going to sell at $5.
Here's why Ripple will be $12-20 in 3-5 years.
1. It takes new technology at least 5 years to take roots.
It will take the banks that long to migrate from old/slow Swift international payment processing system to Ripple system.
2. Ripple announced that 200+ plus banks are testing their system and we haven't heard from them since. Why? Because it's going to take them a while to test and migrate. They will not announce changing to Ripple until they're comfortable.
3. The banks are going to lose out a lot on that $25-45 international transaction processing fees, but they do not want to be on the wrong side of history. The taxi industry, Brick-and-Mortar stores, Google, Blockbuster...the banks have learned their lessons.
4. A fraction of Ripple's XRP is going to be shredded with every bank transaction. All Ripple needs is 10% of Swift market and that should easy.
5. The banks needs Ripple and XRP. Even the federal reserves do!
Ripple's XRP long term for the win.
Here's why Ripple will be $12-20 in 3-5 years.
1. It takes new technology at least 5 years to take roots.
It will take the banks that long to migrate from old/slow Swift international payment processing system to Ripple system.
2. Ripple announced that 200+ plus banks are testing their system and we haven't heard from them since. Why? Because it's going to take them a while to test and migrate. They will not announce changing to Ripple until they're comfortable.
3. The banks are going to lose out a lot on that $25-45 international transaction processing fees, but they do not want to be on the wrong side of history. The taxi industry, Brick-and-Mortar stores, Google, Blockbuster...the banks have learned their lessons.
4. A fraction of Ripple's XRP is going to be shredded with every bank transaction. All Ripple needs is 10% of Swift market and that should easy.
5. The banks needs Ripple and XRP. Even the federal reserves do!
Ripple's XRP long term for the win.