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Reaching 5 Dollar Range
We’ve seen Ripple being at 60 to 80 cents and then going to $3.8 price region. When the news hit about South Korea banning cryptocurrencies it’s understandable why all cryptocurrencies went down. But Ripple can easily go up to $4 since some of the greatest crypto players withdrew a stunning 600 billion USD and they are now expected to get back to the market. If they come back into the game, the price can even go much higher than 4 Dollars. Its superior technology is a great candidate for replacing the SWIFT system so if that happens Ripple can jump as close as 7 dollars.
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Waiting To Become A Payment Processor For Banks
This is a bit of a forward prediction maybe even for the next 3-4 years but it is very important to know how the future might play out. If Ripple delivers its promises that it will be the fastest option for banks to make transfer and transactions and if they fix their scalability issues, it won’t be a surprise when banks switch to this platform. If that happens the price can jump to as high as $10.
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The Downsides
Ripple has some issues that need resolving. First, having a supply of 100 billion coins sounds a little ambitious and crazy since bitcoin is planned to have only 21 million coins in total. Also, if bitcoin becomes the payment processor for banks, some great investors might turn away their heads.
In conclusion, Ripple is a revolutionary cryptocurrency that promises a lot. As with other coins, XRP is experiencing some volatility but not as scary as what bitcoin went through. Given the advanced technology, ripple is expected to shoot up in the near future.
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