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RIPPLE XRP to $35000 | First Leader Emerges XRP While Price Chart Remain Under Retrace Levels - YouTube
Channel: XRP LAB
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Ripple's XRP price has experienced massive
growth in the past year. XRP will reach the
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two-dollar mark soon. Yes, you heard it right.
What is happening behind the scenes of the
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Ripple? What could happen to the price of
XRP? Is it a good investment option? Will
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Ripple make you a millionaire? Make sure to
watch the video till the end to know more
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about this.
But First, We are giving away $25 at the End
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of the month to 1 random subscriber to start
their XRP journey. All you need to do is like
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the video, subscribe, and comment on your
thoughts on XRP in the comments section.
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Welcome XRP ARMY!
Let's grow the XRP LAB COMMUNITY by pressing
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the like button and subscribe.
Ripple works on the fast, reliable, instant,
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and economic cross-border real-time payments
and other money transmission activities through
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XRP. XRP is a custom-designed digital asset
to facilitate cross-border payments. The crypto
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is closely aligned with several banks, investment
companies, and companies throughout the world.
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XRP is so cheap and widely adopted; it is
more valuable than most tokens that may not
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have much underlying value. Because of this,
it's the perfect cryptocurrency for those
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who want to buy in large quantities in anticipation
of future gains.
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Coin shares revealed that 33 million dollars
were invested in the sixth largest cryptocurrency
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in the previous month, bringing the year-to-date
inflows to 38.9 million dollars. When we talk
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about the top 1% of the globe, we know that
it takes a lot to be in the top 1%. XRP is
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one of the top 10 cryptocurrencies, and it
has attracted a lot of investors.
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To ensure the survival and growth of any cryptocurrency,
it must be protected. Over the past years,
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it has been one of the most secure cryptocurrencies
and has never been hacked. As a result, it
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is reasonable to believe that the XRP network
is secure and has the potential to succeed
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over time.
Now let see the latest updates we have got
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here. Brian Brooks, the former Chief Legal
Officer at Coinbase, the CEO of Binance, is
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now resigning that post, as he had a difference
in opinion towards the strategic direction.
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Also, it is to be understood that congress
is being made aware of the Nation Security
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Issues about the Swift payment Network concerning
the cost, speed, vulnerability of cyberattacks,
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and the lack of Interoperability with the
new system.
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RippleNet’s Messaging System uses a decentralized
network so that all users are on one platform
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allowing for “bidirectional messaging”
and transparency. This allows end-users to
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track payment movements while decreasing costs
and time for settlement. Ripple’s Market
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Share in the cross-border payment market is
unclear, but it has stated that its network
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processed almost three million transactions
in 2020.
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Well, there is another new payment network
that also uses blockchain technology is J
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P Morgan’s Liink. He launched the Interbank
Information Network, which was later rebranded
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as Liink in October 2020. As a real-time information
sharing technology “liink” supported by
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blockchain technology, J P Morgan claims that
the Network has more than 400 financial Institutions.
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Both RippleNet and Liink Network serves as
an Alternative to SWIFT. Several Domestic
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and International payment systems have adopted
or are in the process of adopting ISO 20022.
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Again Ripple is one of the only DLC groups
to join this governing board; this is not
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a coincidence, and Ripple is focused on this
messaging standard, and of course, XRP solves
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the settlement issue of the payment stack,
including SWIFT and China’s CIPS
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Most financial institutions use SWIFT for
international money transfers, and Ripple
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has positioned itself as a rival to SWIFT.
For cross-border transactions, it offers RippleNet,
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a global payments network. XRP can be used
for money transfers by financial institutions
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that use RippleNet. In more than 40 countries,
Ripple has been adopted by dozens of financial
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services companies.
The concerns and Issues regarding SWIFT are
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growing, and why do you think Ripple meeting
Cambodia central bank last year in June and
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this year about a month ago announcing that
they have on-demand liquidity Corridors opening
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for XRP usage and even gold telegraph going
on to explain that Cambodia wants to get away
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from the US Dollar Reserve system, just another
coincidence probably.
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Up next, we see that Uphold and GlobalID partner
to offer XRP cashback in a boost for the Ripple
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for the launch of the XRP cards, which would
be a debit Card from MasterCard that provides
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upto 5 percent cashback in the digital currency
XRP. It would be much better to get XRP rather
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than getting the US Dollarwhiching is getting
hit with Inflation daily,
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John E Deaton, the founder of Crypto-law.us,
says that this proposal of law is not about
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regulating Crypto- it is more about protecting
the corrupt incumbent banking system. When
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it was about the XRP debit Cards, he was also
of the view that he didn’t know one could
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get back shares of a company this way, and
then he also clarifies that XRP isn’t shares
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of a company Ripple. XRP is a Digital Currency.
Ripple is trying to integrate non-fungible
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tokens to the XRP Ledger as part of its newest
business expansion, which aims to tap into
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the lucrative and growing NFT industry while
also expanding its On-Demand Liquidity (ODL)
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payments business around the world.
Ripple has taken steps to diversify the use
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cases for the XRP Ledger, as cross-border
payments are becoming increasingly competitive.
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Tokenization of assets is the company's latest
venture. In recent months, the SEC has also
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been paying attention to tokenized assets.
As Gary Gensler, chairman of the Securities
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and Exchange Commission (SEC), said: "Make
no mistake: It doesn't matter if it's a stable
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value token or any other virtual product that
provides a synthetic exposure to underlying
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securities."
Let us now understand why the XRP Ledger is
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superior and is a project to watch. It has
Censorship resistant transaction processing,
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which means that no single party gets to decide
which XRP transaction succeeds or fails. More
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importantly, no one can roll back the transaction
once it has been completed. As long as those
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who choose the participation in the network
keep it healthy, they can send and receive
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XRP in seconds,
Fast and efficient Consensus Algorithm, XRP’s
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ledger consensus algorithm settles transactions
in 4 and 5 seconds, processing up to 1500
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transactions per second. XRP Ledger also provides
Responsible Software Governance. A team of
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full-time, world-class developers at ripple
maintains and continually improves the XRP
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Ledger’s underlying software; Ripple Acts
as a Steward for the technology and an advocate
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for its interest and builds constructive relationships
with governments and financial institutions
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worldwide.
The XRP also has a fully functional accounting
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system for tracking and trading obligations
denominated in any way users want and an exchange
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build into a protocol. The XRP Ledger can
settle Long, cross-currency payment paths
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and exchanges of multiple currencies in an
atomic transaction, bridging trust gaps with
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the XRP.
According to Ripple's XRP documentation, the
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ledger settles payments in less than five
seconds and can process more than 1,500 transactions
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per second. The transaction cost is designed
to increase with the network's load. The ledger
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is where all XRP transactions are executed
and settled.
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XRP can easily attract many investors by the
end of 2021, being the fastest and cheapest
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cryptocurrency. The price could thus reach
$1.443 on a bullish market by the end of August
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2021. The pre-mined XRP supply, on the contrary,
can reduce the price. When the bearish trend
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outperforms the bull, the price could drop
over the short term, decrease estimated to
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be nearly $0.861, and recover over a short
period. However, if the market dominance continues
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at 2.14%, trade at 2.805 dollars can be observed
at the end of the year.
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As of August 14th, the value of XRP is $1.0853.
With a 24-hour trading volume of $7,105,658,400.
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The current CoinmarketCap ranking is #6, with
a live market cap of $54,192,052,595. It is
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also to be noted that only 46% of the total
coins are in circulation. The Crypto market
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is following the lawsuit, and now with the
implementation of this infrastructure bill,
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many dilemmas are being caused in the mindset
of investors. So, this seems to be a good
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time for investment. Ripple has successfully
rallied and positioned itself in the world's
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top six cryptocurrencies with its recent triumph
over the SEC case. In the exchange of currencies,
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XRP is the preferred choice for traders. Ripple
also only offers restricted delivery of 100
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billion XRP coins, among which 46.5 billion
XRP are in circulation. In the future, the
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scarcity of XRP will boost strong demand.
With that, we have come to an end of this
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video!
Do you invest in XRP?
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If you want to continue knowing about XRP,
we have two videos waiting for you on the
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end screen to check out.
Make sure to subscribe and give us a thumbs
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up!
Thank you so much for watching; see you in
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the next video, my friend.
And on a final note, be aware that the prices
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of cryptocurrencies frequently change, so
by the time you watch this video, it might
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have changed to a whole new value. The information
provided in this video does not constitute
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investment advice, financial advice, trading
advice, or any other sort of advice. You should
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not treat any of the content as such. The
content in this video is for educational purposes
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only and hence should not be considered financial
advice. Do conduct your own due diligence
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and consult your financial advisor before
making any investment decisions.
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