XRP UNDER THE MICROSCOPE

With Silicon Valley banks, we know what's happened, the FED is almost being forced to spend in time they are trying to be restrictive. So when they spend, it is rather accommodating to the markets because it pushes liquidity into them. When they restrict, the market gets damaged and we know the whole story with Bitcoin. Bitcoin has done down in accordance with the other markets. Last year, we saw Bonds go down in order of huge magnitude and we saw the stock market do that. There is only a couple of incidences where this has happened and two of those prior incidents led to changes in the monetary system.

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The FED is still set to do a quarter of a basis point rate hike which you can now see that markets are looking for. The FED still has to fight inflation but has the choice to choose between inflation or exploding the economy. If I was the FED, probably wouldn't have even if I understood the system as well. You can't have high-interest rates in this sort of system because it is inflationary inherently and when you stop allowing it to inflate, you have some damage being done. We have got a lot of data still coming in, it all going to move the market.

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XRP has been under the microscope for the last month awaiting the actual outcome from its SEC lawsuit ongoing with Ripple and the SEC. XRP is still rounding out at 6th on total market capitalization, it is kind of a mixed bag what crypto is doing rebounding off the news stemming from the Credit Suisse situation in the Swiss bank but XRP still trading hands at 36 cents. It is still sideways in terms of where it is traded with consolidation in terms of waiting for this result from this lawsuit. XRP trading volume has been very stagnant as well, that is because it is waiting for the result of the lawsuit.

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90% of Ripple's business according to the director of policy for the APAC region is conducted outside of the United States with a sizable chuck included in South Korea. The demand is needed over there and that has allowed for growth in the use of Ripple remittances. When South Korea is gearing up to provide more regulatory clarity for crypto, we are seeing the Financial Services Commission of South Korea publishing rules for Identifying which digital asset will be designated security token.

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