Ripple [XRP] price prediction; Can Ripple reach $3.5 USD/XRP by the end of 2018? Ripple Price Today; Ripple News July 12
Ripple [XRP] is one of the most talked about cryptocurrencies after Bitcoin. Many people invest in it considering it to be a good long-term investment option. But is it really worth considering Ripple as a good investment option? Is the coin reliable enough? How is it performing at the moment and how does its future look? Let’s look into what Ripple has to offer to the crypto community.
Ripple price today
The first half of the day went well for Ripple, where it held value and didn’t lose momentum. Though there were a few fluctuations in the coin’s value, it didn’t succumb to the bearish trends. But at 7:05 UTC, the coin’s trading volumes took a beating, due to which the coin’s value plummeted by 3.28%. Luckily for XRP, it’s value against Bitcoin hasn’t been altered by much, standing strong at a 24-hour change of just 0.13%.
Ripple has gone past its nearest critical support value of $0.475, which could cause the coin to reduce further in price over the next few days. With the trading volumes reduced, the coin could even stoop down to under $0.40 in a short span of time. The next support level of the coin stands at $0.375.
Ripple vs. Bitcoin (XRP/BTC)
As previously said, the price against Bitcoin is the only glimmer of hope for Ripple today. One Ripple is worth 0.00007025 BTC, which is still a good number compared to its fall in price. This being said, Ripple is one of the best long term investment options when it comes to crypto, alongside Cardano, IOTA and TRON.
Ripple [XRP] price over different time periods
Ripple price: Last 7 days
Ripple’s performance hasn’t been impressive over the last 7 days as it has been pulled down by the bears. The coin which started off at $0.492 at the beginning of the week now stands at $0.435 after having a rather inconsistent ride. The overall loss of the week is 11.58%.
Ripple price: Last 30 days
The journey for Ripple over the past month has been very bumpy. The coin’s value has fluctuated greatly, ultimately succumbing to the bear over the last few days. Also, its price with respect to Bitcoin has reduced by over 13%. Ripple has received support at a critical level of $0.51 and has bounced back from level 4 times.
Ripple price: Last 90 days
Ripple almost made to $1 at the end of April. During this time, the trading volumes had a massive spike, reaching a 24 hour volume of over $2.35 billion. But since then, it has been mostly downhill for the coin after it failed to gain traction at several critical support levels.
— Brad Garlinghouse (@bgarlinghouse) July 11, 2018
How high can Ripple XRP Price go?
Well, that’s a difficult question to answer. Taking into consideration the highest price Ripple has ever achieved (almost $4 on January 4th, 2018), it can equal its best if the bullish markets kick in. But the chances of that happening look very bleak, at least for the next 6 months. All the hype about Bitcoin reaching $25,000 at the end of 2018 seems to be nothing but a failed plan by some of the biggest names to pump Bitcoin’s value up. Considering it as a long-term investment option, it can probably reach $3.5 at the end of 2018.
Ripple XRP price prediction-2018
Ripple is one of those coins which has an immense potential to be a long-term investment option. Coins which are usually priced high, like Bitcoin, Bitcoin Cash, Ethereum, etc. are a good option for people who wish to make a few quick bucks. But they aren’t worthy of being a long-term investment option due to their high volatility and fluctuations in value.
As per the recent Ripple news, it is still awaiting the SEC’s verdict on whether or not it considers the coin to be a security token. In case the decision goes against Ripple, it would certainly be the death of the coin. But if the SEC declares the coin as ‘Not a security token’, we can expect the coin to see a significant increase in price, probably even $1 by the end of September.
When it comes to the numbers, Ripple’s current Critical support values are $0.48, $0.51, $0.55 and $0.61. When the coin reaches any one of these values, it usually has a support by the bullish trends and gets a hike of 2% to 4%. Even when the coin starts to lose value, it is offered support at the critical support prices. In case the coin falls below these values, it could continue falling until the next support level.
This being said, Ripple is still one of the best long-term investment options, followed by Stellar (XLM), Cardano (ADA), NEM (XEM) and TRON (TRON).
Ripple XRP price prediction-2020
Ripple is not having the best time of its life at the moment. However, we feel it has some great tricks up its sleeve for the coming days. The price predictions stated by some of the biggest names in the industry fxstreet, express.co.uk, investingpr, etc. have high hopes on Ripple.
They say that it could reach in excess of $3 at the end of 2018, $8 by the end of 2019 and up to $20 at the end of 2020. Well, the prediction is absolutely possible if the Bullish markets kick in and continue to push the coins. So if you’re looking to invest in any cryptocurrency, Ripple is the one for you. If the predictions come true, which is very likely to happen, your return on investment could be a whopping 3000% in a matter of 2 years.
Ripple News Today
- The blockchain company Ripple announced the hiring on Wednesday of Kahina Van Dyke, a banking industry veteran who recently worked as Facebook’s global payments director, as its new senior vice president of business and corporate development. The company also said head cryptographer, David Schwartz, would assume the role of chief technology officer.
- Ripple has likely taken over 50 percent of the market share in India, with increasing number of companies either integrated into its network or in talks to seal deals for the same, according to a senior executive at Ripple.
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