AnalysisCoin

XRP Price Prediction: Ripple Price For A Bull-Pull To $1 in 2021?

Digital currencies are gaining in popularity day by day in recent years. XRP (Ripple) is one of the four cryptocurrency leaders, along with Bitcoin, Ethereum, and Tether.

Ripple has been showing rapid progress throughout its lifetime, and XRP price has seen a substantial improvement. With such a large market cap, many investors are trying to figure out whether the altcoin can rise more this year.

What will be the Ripple Price prediction for 2021 and beyond?

Are you interested to invest in the XRP Coin, but are you unaware of XRP Price Prediction, meaning how it will perform in the near future? Then you are at the right place to have your queries answered

Overview

CryptocurrencyRipple
TokenXRP
Price$ 0.0000
Market cap$ 0.0000
Circulating Supply$ 0.0000
Trading Volume $ 2,753,919,879.0000
All-time high$ 0.0000     January 1, 1970
All-time low$ 0.0000     January 1, 1970

What is the Ripple(XRP) Token?

Ripple, released in 2012, is similar to Ethereum, it is widely in use to describe both its payment network and as a cryptocurrency. Its payment network is the RippleNet, while XRP, its native currency helps to carry out cross-border transactions that are also tradable.

Ryan Fugger first expressed the concept behind the Ripple payment network in 2004. But it was not until Jed McCaleb and Chris Larson took over the project in 2012 that Ripple started being on board. Surprisingly, Ripple Labs came into the scene by 2012 and XRP saw its better version from then.

XRP is the native token of the network and powers transferring values within the network. The digital currency is tradable for almost any fiat currency or other digital assets, that too with a negligible transaction fee! The XRP token is here to serve a purpose and that is, to facilitate money transfer between any two currencies that takes time and money! 

Fundamental Analysis

XRP owes resolve several issues faced when using bitcoin like low speed and huge transaction fee. The transaction speed of ripple is only around 4 seconds and around 1,500 transactions can be handled hassle-free per second.

Ripple Labs created 100 billion XRP tokens initially that operate independently from Ripple.

Thus, Ripple (XRP) is the currency that runs on RippleNet, a digital payment network, which is on top of the XRP Ledger distributed database. The XRP Ledger is open source and is based on distributed ledger technology.

Since mining involves electric units as the computer systems consume power, this has led to greater exploitation. Thus, Ripple goes the eco-friendly way and is sustainable. XRP has been showing rapid progress throughout its lifetime, and its price has seen a substantial improvement. Despite all the odds against Ripple, the altcoin’s price remained less impacted and propelled accordingly. Many experts believe XRP prices are highly undervalued and may swell notably in the near future.

As Money exchanges tend to rule a substantial segment in the currency market, nobody has time to muse! Consequently, the rise of XRP turned the tables. Moreover, the criticisms on mined assets went to peak earlier this year, which drew so much attention towards this sustainable altcoin. Here is everything about the future currency, the latest buzz and trend patterns you must know!

XRP Price Prediction For 2021

The price of XRP skyrocketed in 2021, despite the legal battle against the SEC and Ripple’s CEO. Although, there has been some good news to XRP HODLers as there were rumors’ of the case against XRP being weak.

The price jumped from $0.2 to more than $0.5 in February and traded above $0.4 until a huge spike rallied the price close to $1 in April. Later, the price eventually hit $1 and reached the yearly highs at $1.9.

From the end of April to the end of May, the price returned to the lows of $0.77 due to the market crash on May 19th. The downtrend continued until July when the price was trading slightly above $0.60. 

The month of August started with a bullish note. The altcoin broke the $1.00 target for the first time in over 60 days. Despite being embattled by the lawsuit from the Securities and Exchange Commission (SEC), the company has recently struck a few important deals. Namely, GME Remittance, one of the largest non-bank remittance service providers in South Korea, announced it has joined Ripple’s payment network RippleNet.

By the end of 2021, being a fast and less costly cryptocurrency, XRP can easily grab many investors. Thereby the price might hit the $2 mark with a bullish market. 

On the contrary, the pre-mined XRP supply can flip the price down. In such a case, the price may decline for a short term near the $0.561 level and may recover within a small time frame. 

Source: coinpedia.org

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