Serious Issues With Ripple and XRP (Community Based Investigation) - Must Improve XRPL Ecosystem
We've been XRP holders since 2018. We've supported Ripple, and patiently waited for a long time, but now it’s time to analyze why the price is not going up, and what Ripple is building. In short, what Ripple is doing doesn't benefit the price of XRP, and retailers at all.
1. Ripple created a Private Liquidity Hub (their own XRP liquidity pool) to be used for banks/institutions/companies/governments. As well as Private XRP loans. Also they are building Ripple’s Private Ledger for CBDC. Ripple will utilize their own XRP from their own wallet. Meaning the ODL will be privatized. It doesn’t positively affect XRP price! Retailers are out of the game!
2. Those banks/institutions that want to hold XRP, they buy via OTC (Over The Counter - buy XRP for low price) sale, and/or directly from Ripple (Ripple officially has 6 billions XRP on hands, they also have 4 billion under different private wallets, on top there are 47 billions of XRP in Escrow) Also Ripple sets up non-cash agreements with companies, pre-allocated, pre-contractual amounts of XRP through the options contacts. It doesn’t positively affect XRP price! Retailers are out of the game!
3. The transaction settles within 3-5 seconds. No need to hold/buy XRP - banks/institutions can just temporarily borrow XRP from Ripple’s Liquidity Hub. It doesn’t positively affect XRP price! Retailers are out of the game!
4. There are 47,081,679,946 XRP in circulation. 1 XRP is represented as 1,000,000 drops. Total counting drops - 47,081,679,946,000,000. There will be an additional 53 billion XRP added to the circulation supply. Thus, counting drops - 53,081,679,946,000,000. Total will be - 100,000,000,000,000,000. It doesn’t positively affect XRP price!
5. XRPL releases 1 billion XRP monthly, Ripple sells approximately 200,000 XRP, they would sell the whole billion, they just don’t have enough buyers. Exchanges/Entities buy directly from Ripple. It doesn’t positively affect XRP price!
6. How Ripple generates money: soon IPO, Ripple’s products (RippleNet / RippleX / ODL / Liquidity Hub / Line of Credit / Private Ledger / CBDC etc.) also selling XRP from escrow, and from their hands. It generates millions, potentially billions of dollars annually. It doesn’t positively affect XRP price! Retailers are out of the game!
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