RIPPLE XRP DERIVATIVES MARKET TAKE OVER INCOMING - XRP SUPPLY DOUBLING!?

hello everyone and welcome back to the common sense crypto Channel as with you always this is Rich doing another video today on xrp so I hope you're all having a wonderful day today wherever you are in this great great world we're going to talk about xrp and once again this is the one day chart we're sitting here just under 58s it was a red day for xrp but we literally dropped like one penny and people are acting like the sky is falling now this week is going to be a Make It or Break It week for crypto everybody's anticipating what the FED is going to do and if Bitcoin starts to take off it's going to take the rest of crypto with it and that could possibly lead us into Al season but we're going to have to wait and see what the FED does a lot of people are banking on Jerome pal right now is what I'm saying but this cycle is going to play out how this Cycle's going to play out we're still going to have a fantastic runup for Bitcoin and we're also going to have an ALT season as well we're not going to be sitting at 58 cents forever is what I'm telling you Ripple partnered with circle to host two public private roundtables regulations around def5 now this makes sense because right now all we're waiting on is stablecoin regulations I'll talk more about that in a minute I am 100% convinced that Ripple Circle and Stellar are among the chosen companies that will steer the evaluation of Finance in the right direction now we all know that xrp and xlm were the chosen ones they were chosen by the elites as the future on what's going to move value from point A to point B and it's going to go beyond just money that's why I said value cuz xrp and xlm can move anything of value but it's going to start with stable coins first this comes from smoke regulated stable coins will be mainstream in 6 to 12 months this document focusing on blockchain and cryptocurrency developments to look out for in the second half of 2024 highlight several key trends that support the mainstream adoption of regulated stable coins within the next 6 to 12 months this is how close we are the tokenization of real world assets signals the increasing integration of blockchain with traditional Finance Bridging the Gap between crypto and established systems as more digital currencies like cbdcs tokenized deposits and regulated stable coins gain traction their utility will drive institutional and consumer confidence like I said multiple times there's a lot of doors xrp cannot open but Ripple's new RL USD will open those doors at Banks and financial institutions but when those Banks and those institutions want to move those stable coins from let's say the United States to the UK or from the United States to China you're still going to need a bridge we are holding the bridge ripples RL USD and xrp will complement each other as we push ahead and that's why I always told people you know you're looking at this in the wrong way look at usdc and xlm they complement each other because xlm can move usdc in a matter of seconds anywhere in the world same is going to happen with RL USD Ripple and bitstamp are launching their own digital derivatives exchange this is huge bitstamp owned by Robin Hood will significantly accelerate Robin Hood's crypto expand expansion worldwide holding over 50 active licenses around the world and this is going to be big but take it from Robin Hood themselves take a listen and if you think about a business or an Institutional Investor they also want access to the things we offer you know they want 24-hour access to the equity markets they want industry-leading margin rates a great customer experience so over time I do think you'll see us branching more out into serving other types of customers not just retail but also businesses and institutions and you know to that end we um we announced an acquisition of bitstamp a global crypto exchange one of the things that's very attractive about that business is that it's not just International but also institutional gets us access to so you see what Robin Hood wants to do they want to go Global but they also want to go in the direction of the institutions they want to get institutional adoption at the same time and I think this is a great direction that Robin Hood's going in Robin Hood expands crypto offerings with xrp listing EU access only later you'll see that same access here in the United States you'll see it in other countries as well but look at how big this actually is coming from crypto to Barbie wow Banks Rank by derivatives look at the huge amounts of money the true intentions of Ripple are to handle 100% of the transactions which take place in the derivatives Market is it starting to make sense yet everything coming together perfectly the derivatives Market will easily easily push us to three digits most likely four digits for xrp later it will get us to a five digigit xrp it's just a matter of time and this is just the derivatives Market you on top of that you got to look at tokenization and xrp moving tokenized assets from point A to point B all of that value and when I said we're looking at it in the wrong way it's because everything B every one values everything in money but think about xrp moving 100 million barrels of tokenized oil from one country to another think about all that value just in coinbase CEO admits they won't provide proof of reserves so you have to trust them to store your Bitcoin but this goes beyond Bitcoin this is any crypto that you're holding on coinbase they don't have to prove provide proof of reserves that right there is a red flag for me this is why I'm always telling you don't store your crypto on the exchanges buy it there and then get it off of there store it on Ledger decent even Zan is a good wallet binance issues Global alert over Clipper malware that alters crypto wallet addresses again we see this happening all the time this malware Alters wallet addresses during transactions leading to financial losses it swaps the user's copied wallet address with one controlled by attackers as a result funds are sent to the wrong destination without the user realizing it and we're gonna see more of this as time goes on once crypto starts to really break out wait until you see how fast the scams amp up at the same time always double and triple check everything you're doing when you're moving your crypto around and you know a lot of people are going to start moving crypto onto the exchanges once we start to break out you got to be be very safe when you're moving your crypto and don't fall for anything that is too good to be true I still see people interacting with the bots in the comment section down below and whenever you see those Chris Lon or Brad garlinghouse videos where they're talking about doubling your xrp Holdings that is a scam as well same thing with the quantum Financial system scams that are going on where they're saying move your assets into the quantum Financial system you want to lose your crypto that's what's going to happen we are way too close for you to lose your crypto now a proposal the double xrp Supply from 100 to 200 billion tokens was rejected by The xrp Ledger Foundation sparking debates about the centralization the proposer vet released a fork version you know this is another massive fud piece that's going around on X everybody's talking about them doubling the supply of xrp this is why decentralization is so important although vet's proposal garnered attention it was met with skepticism from some within the community dork horse a notable Community member challenged the feasibility of the fork pointing out that without an agreement from the UNL unique node list validators any changes would create a separate isolated Network that would be unable to interact with the main xrp Ledger I think this guy did this so he could go and spread fud and even David Schwarz addressed this he said he can't Force anyone else to accept his changes but neither can anyone else stop anyone who wants his changes from getting them if both sides are willing to Fork over it then you wind up with two networks but thanks to the centralized decentralization this is not going to happen but here's David explaining it again can more xrp ever be created listen to what David has to say a bank or Ripple wants to change some rule in the xrp leder let's say we want to make more xrp you would have to run that software your server will never see any more xrp and that means coinbase would have to run that software poniax would have to run that software and ripple has no ability nor does any Bank have any ability to tell coinbase or ponx what software to run um it's hard to know what the governance actually is just like what does it take to change the Bitcoin block size until someone tried we didn't really know what it took so it's hard to know who the real stakeholders are and what will happen with push from if push were to come to shove but I don't see Banks being able to to tell like coinbase and poniac and wallet providers and cryptocurrency enthusiasts to run particular code on their soft on their systems and having that work so think about it like this you also got to get the exchanges on board with this and most of the exchanges are not going to jump on board with a fork proposal and that's why I said you know this is just fud it creates uncertainty and all of a sudden people start falling for this then they start selling off their xrp you can't fall for fud either you got to understand what you're holding you know this is your one shot the elite see xrp and xlm as the future they see it as the technology that will push us into a new Financial system and that should be all you need to know you are invested in what the elite see as the future you want to get rich you buy xrp then you ignore all the fud that goes on all around this cryptocurrency because we have so many people now which I think are paid to FUD on this cryptocurrency all of a sudden like they want to get you out of it that's why you should want to stay in it because if everybody wants you out and they want you looking at Bitcoin there's a reason that is happening you know for as long as I've ever been holding xrp there was always going to be an alternative there was always going to be the banks creating their own system but here we are in 2024 and guess what there's still no alternative to xrp and now we know the banks aren't going to create a whole new system they're just going to go with a third party like Ripple and that's how I know what we are holding is going to make us very rich but you can't sell it too soon and you definit want to be one of those people that are holding it when it's reaching four and five digits cuz it's going to happen it's hard to see it when we're sitting here at 58 cents but when you really understand what xrp is built to do you could already see the future playing out same reason you see Ripple working with circle now because stable coins are about to hit the mainstream and then you'll see Ripple and Stellar working together on a cbdc project that's created by the b or the IMF because everything is playing out according to the plan all you got to do is ignore everything and do nothing wait until it happens you're already rich you're holding the winning lottery ticket you're just waiting for the numbers to be announced but until it happens also stay patient stay positive so we can get rich together with that said I'm going to wrap up this video I want to thank you all for watching I appreciate all of you I'll see you in the next one have a great night