Ripple’s XRP coin, recently has gained a lot of attention in the crypto world. Similar to other cryptocurrencies, XRP also makes use of the blockchain technology; in contrast to other cryptocurrencies however, it is regulated and assists banks in funding transfer.
From January to June 2017, Ripple’s XRP experienced a surge of 4000%. Today, Ripple’s XRP market cap is rated above $100 billion. At present, it is listed on 30 exchanges.
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XRP (XRP) Price Today – XRP / USD
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XRP 2018 Predictions
Considering the latest developments and the growing interest in XRP, at least the price of Ripple should pass $7 by the close of 2018.
XRP’s trading volume is far from that of the well-known cryptocurrencies such as Bitcoin and Ethereum. This year, we expect its trading volume to grow, and with an increase in Ripple’s speculative activity, its price can be increased to the $7-$10 mark.
Although we expect XRP’s overall price to experience an upsurge, all the months of 2018 will not be the same. A good number of crypto enthusiasts do not buy the idea of Ripple being regulated by either a company or financial institution.
XRP, in the long run and as banks continue to exist, will most likely prove to be a solid investment, however in some months, its prices can experience a downward trend.
If you have intentions to have a long-term investment in Ripple, then it is a promising move. Currently, a paradigm shift is taking place and we are in the process of digitizing all currencies.
In the world, where money exists in bank’s digital ledger, cryptocurrencies such as Ripple will take a special place due to the fact that unlike many other cryptos, they are not anti-bank in nature. Instead, they are created to help banks make use of the evolving blockchain technology.
If your plan is to invest in XRP for a few months or a year max in order to make quick gains, then the move seems promising as well. This year, XRP is expected to experience a sharp upsurge in prices and at least, expected to cross the one dollar mark.
Also, there should be a growth in the trading volume of XRP if you day trade, and with an increase in trading activity, it will experience price fluctuation as well.
