Ripple update: How does volume effect the price of xrp ?
Lets say, XRP would capture 1% of the global forex market in the next 3 years what is very conservative what would be the value like ?
The forex market is 5 trillion a day so 1% is 50 billion volume a day
When xrp was at 3.50 the volume was 7 billion so 50 billion could get us to 20-30 dollars correct ?
This is also a question I found on Youtube
” This may be a dumb question. But how can XRP increase in value if it’s going to be used as a bridge currency like the U.S. dollar? Wouldn’t the price of XRP just balance out around $1.00 if it is going to be used like the U.S. dollar or no? Can someone please explain? “
About Ripple (XRP)
Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
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