XRP reaches 10,000 dollars, here is the detailed collapse

Crypto is widely suspended Joshua Jake recently on the possibility of XRP to $ 10,000 per coin.

Jake Suspension She responded to a sporting collapse by another analyst who tried to explain the reason that $ 10,000 per XRP is a reality one day.

It is worth noting that the supporter of $ 10,000 was martyred with the potential ETF approvals for XRP as one of the stimuli that can lead to an increase in prices. The analysis suggested that XRP can test Supercycle ETFSInstitutional adoption, traditional financing (Trafi) and encryption reserves. In this case, the analyst expected XRP to collect $ 100 in the summer.

However, with the progress of the analysis, Jake added his comment. He rejects parts of the argument that he considers misconceptions, especially since the video has become viral. First, Jake stressed that ETFS XRP cannot pay XRP to $ 100.

You cannot send Etfs, Trafi, XRP to $ 100

He pointed out that if this is possible, the success of the investment funds in Bitcoin should be the standard. Specifically, he said that the circulating investment funds should have paid bitcoin to a million dollars per currency, but this is still far from reality.

Moreover, Jake explained that the investment funds circulating in the first place opens the institutional participation, which led to an increase in market making and higher resistance levels. However, paying XRP to $ 30 or even $ 20 will require an unusual amount of value.

Jake also rejected the idea that the XRP motorcycle can cause Tadfi adoption and encryption reserves.

It was reported that President Donald Trump Fell A command to create an encryption reserve, but XRP has not been mentioned. While Trump had previously referred to XRP, the final demand did not include XRP or any other altcoins, regardless of Bitcoin.

At the same time, Jake confirmed that even if XRP was later included In the American encryption reserve, it will not create the shock of the offer that the supporters of the ambitious XRP expectations will not be discussed. He added that XRP’s superior bike cannot only reach $ 15.

The ceiling of the market does not matter

Jake confirmed that although supporters of ambitious XRP predictions are often claiming The market cover does not matterHe argued that he is doing. It is worth noting, at a price of $ 100 per coin, the maximum XRP market will be $ 10 trillion. At $ 10,000 per currency, the maximum market will be 1 Quadrillion, a value that exceeds the total wealth of the world.

As a result, Jake urged enthusiasts to be optimistic about XRP and not relying on unrealistic scenarios.

Why will banks not pump XRP to $ 10,000

I pretend to XRP that XRP can rise to $ 10,000 in a virtual scenario as “each one bank is used in each country” XRP, and the distinctive symbol of transactions is burned.

Jake did not agree to this, noting that the market is mired in competition, and that XRP will be just one part of the ecosystem.

He also pointed out that symbolic burns are not important because XRP still has about 99.98 billion trading symbols despite all burns during the past decade.

Moreover, Jake indicated that Ripple owns about 40 % of XRP supplies. He stressed that banks will not pump the price to $ 10,000 because they will give Ripple a lot of control, making them billions of dollars.

“No bank wants to put itself in this position,” he said. Jake has argued that these institutions will instead launch their Blockchain solutions.

XRP sees more development from Bitcoin and Ethereum?

Moreover, the supporter of the prediction at $ 10,000 claimed that Bitcoin and Ethereum have noble prices while lacked major developments. However, Jake shed light on the decisive ETHEREUM development.

He pointed out that everything is distinguished on Ethereum, pointing to its total closed value (TVL) of $ 50.75 billion, compared to others who ranks much lower. In addition, the banks use Ethereum as the foundation class for their encryption projects.

Meanwhile, the XRP analyst also claimed that bitcoin is a joke without any use. Jake replied that Bitcoin is the greatest digital store for value. He also pointed to its use in the carbon credit market and its approval by companies such as Exxonmobil to reduce energy emissions.

Bitcoin has huge accreditation and support from organizations such as the International Monetary Fund and the US government. XRP, on the other hand, is not dependent on the same range.

Ultimately, Jake explained that he does not collide with XRP but calls for an open conversation to direct enthusiasts against excessive speculation information.

“It is easy to engage in noise, but unrealistic expectations about the price of XRP may lead to disappointment,” He concluded.