XRP is currently the 2nd largest cryptocurrency on the market with a market cap of $14 billion. It has been widely criticized for its centralized nature and the small number of exchanges that trade the coin. This year, XRP has seen a lot of positive news and developments regarding XRP’s adoption in the financial sector.
The XRP price is having a great year, and many are excited about the upcoming 2020 shift to Proof Of Stake, which should shed some more light on XRP as a long term store of value. Many are also excited about the upcoming launch of XRP-S, a lightweight wallet that can process XRP transactions without clogging the system. Even though XRP is currently down against BTC, its price is still far above its 2018 highs of $0.30, and has been holding up well against smaller altcoins, like DASH.
XRP (xrp) and its associated ecosystem are obviously quite optimistic about the future of the digital currency. After all, it is one of the few digital currencies that is both easy to use and fast. In case you haven’t heard yet, the price of XRP is tipped to triple its current value in 2018. This is a remarkable feat for a coin that is only a few months old. XRP is one of the few digital currencies that is both easy to use and fast.We’ve seen XRP, Ripple’s own cryptocurrency, in the news more often in recent months than any other digital currency on the cryptocurrency market. The reason is the ongoing dispute between the parent company and the independent US Securities and Exchange Commission (SEC). This battle began in the last month of 2020, and is still ongoing, with no end in sight to this legal battle so far. When the US Securities and Exchange Commission filed a lawsuit against Ripple and its executives, the value of the company’s cryptocurrency plummeted from the $0.7 mark to a price point of $0.2. But every development that Ripple has benefited from has also contributed to the rising price of the currency. Looking at the current price dynamics of XRP, the seventh-tier digital currency is holding around $0.83 with a negative change of -4.68% over the past 24 hours at the moment. It is on the verge of breaking through $1 and is approaching its June high at $1.07. To retest the June high, the currency needs to break through the $0.90 resistance level and turn it into a support level. Source: CoinMarketCap There is a chance that the currency could push its price to triple digits in a long-term scenario, but bullish momentum needs to be completed and sustained over a long period of time to do so. A well-known crypto-currency analyst known as CryptoSerpent said in his video about the future expectations of the XRP price: We’re entering this raging bullish momentum for XRP, and it’s going to be legendary. Furthermore, the analyst noted that the last time the price of XRP experienced a high rise was in 2017-2018, and that was right after the cryptocurrency experienced a price decline. An analyst confirms a similar move by XRP: Speaking of the present: We had a big drop and are now trading sideways. Now we can expect 3 hard knocks. Of the three major moves, the analyst expects the first to occur when XRP enters the $0.9 to $2.6 price range. Speaking about the next two big moves in XRP, the crypto analyst said: We are going to have another bigger move that will take us to the $10, $10-11 range and maybe even a little bit to $15. We will move sideways, and then a final push will take the crypto-currency price towards the $123 area. Ultimately, the analyst said none of this will happen in a short time. This will take some time, as there are many things that need to be taken care of before it is time. He stated: This will certainly not happen overnight. A lot has to happen for that to happen, but it will happen. It’s just a matter of when, not if.While the market is still in the red, XRP is still on the rise. Ripple’s total market capitalization is now above $40 billion, and it is now ranked third in the cryptocurrency market by market cap. This is a pretty significant achievement, especially when we consider that the coin was trading for just over $0.0020 at the beginning of the year. Right now, XRP is trading at $0.24, and it is up almost 40% in the past week. While there is still a lot of uncertainty surrounding the coin, the community is optimistic that XRP will soon hit the market at the $3.00 mark.. Read more about xrp price prediction 2025 and let us know what you think.
Frequently Asked Questions
What price would XRP reach?
In recent months, XRP has been taking a lot of heat, with many cryptocurrency enthusiasts predicting the coin’s price will reach an all-time low. For the past few weeks, XRP’s price has been hovering around $0.25, which is about as low as it can get before the price is considered “toxic” by market watchers. While the prospects of XRP’s price falling to zero are almost nonexistent, there is a substantial chance, according to Monero enthusiast, that XRP’s price will reach $3.00 within the next two years. Ripple has been gaining traction as a cryptocurrency to both investors and banks alike. Though it has somewhat stabilized in the past month, XRP enthusiasts remain confident their coin is poised to break through $3—and even $5 a coin in the near future.
Will XRP ever reach 100?
XRP has followed a similar trajectory to other major cryptocurrencies, with a sharp price rise at the start of 2018 followed by a crash in early March. As of July 13, the price of XRP stands at $0.24, having fallen from a high of $3.57 on January 4. However, some still remain optimistic about the cryptocurrency’s future. The price of XRP has risen significantly from about $0.25 in January to nearly $2 in early April. Many see Ripple as a potential challenger to JPMorgan Chase and their settlement service, and with XRP’s recent partnerships with firms like American Express and Santander, this trend of growing adoption and awareness may continue.
Will XRP reach all time high?
The XRP community has been cautiously optimistic about its price performance throughout this year, which inevitably led to the name of the cryptocurrency being used as a counterargument for a recurring debate. Should they be more excited or more worried that XRP is slowly becoming a mainstream asset? It’s been almost a year since Monero (XMR) debuted into the cryptocurrency market and despite its development team’s best efforts, the coin has failed to gain global traction. However, one thing everyone agrees on is that XMR’s price is on the rise. Some experts claim it will reach as high as $1,000 a coin, while others are more conservative and say $100 will do the job.
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