Ripple is increased considerably keeping in mind the levels at which it was trading around 1 year back. However, still, people are trying to figure out whether it can increase more or not. The ripple protocol is being used by banks as well as financial institutions all over the world. As a result, the underlying technology of Ripple is not only useful but it is actually being used by many different companies as well.
As a result, investors are trying to figure out how much more can ripple increase as well.
Moreover, in the shorter term, cryptocurrencies can go anywhere. However, in the longer term, they will be moving in the direction of the fundamentals. That is why many investors are actually trying to figure out whether it can move to $ 334 or significantly higher.
XRP (XRP) Price Today – XRP / USD
Price 24H (%) -1.34%
Challenges for ripple:
You need to understand that Ripple is not the only cryptocurrency which is developing such a protocol to transfer money anywhere around the world. There are other cryptocurrencies as well.
However, Ripple is the most trusted cryptocurrency apart from Stellar. Also, it is been around for a longer period of time.
However, when it is trading above $300, the market cap will be about 1 trillion. That is why such a high market cap is not possible for ripple.
Ripple Price Prediction
Owing to this very reason, it is important for you to understand that even though Ripple can provide greater returns but it cannot have all the way up to $ 300. If you’re thinking of investing in Ripple, now might be the right time to do so. However, if you’re not sure about the kind of returns, you need to keep in mind that it can rise by 100% in the next 3 years.
However, there is very little probability that it can rise to as high as 300 USD. You have to keep this factor in mind and thereafter only you have to think about investing in ripple.
Instead of believing each and every ripple prediction, it is important for you to keep these few factors in mind. Only once you are able to understand these few points, you will be able to invest in ripple quite easily. You have to always ensure that whenever you are investing in Ripple, you’re taking into account moderate expectations. If you think that it will rise hundredfold from here as well, you will be disappointed. Once you are having realistic expectations, it will become easier for you to invest in ripple. Tags: ripple xrp price, ripple xrp news, buy ripple, what is ripple, ripple labs, xrp price prediction, ripple wallet, xrp reddit