The Ripple Foundation’s native cryptocurrency XRP is in the news for its value again. Various crypto enthusiasts and, crypto and financial analysts have been predicting its price and value point in the near future. Furthermore, it is natural that everyone is jumping down to the world’s third largest cryptocurrency.
Ripple [XRP] is the third largest cryptocurrency in the world, but its value seems to hover around $0.40. But, its rapid growth and adoption by crypto enthusiasts are gearing up everyone for something big. Furthermore, its partnership with various global financial institutions and companies has everyone excited.
The XRP valuation might hit $589, claims the Redditor
A Reddit user with the username “Bearableguy123” was amongst the first one to float the prediction of XRP’s price. He illustrated in his prediction that XRP might hit the coveted price point of $589 by the end of this year. Furthermore, it is not credible but it has everyone’s hopes high.
This comes from the fact that Ripple [XRP] has been getting on the hopes of every crypto enthusiast since its inception. He also has been in the limelight for predicting multiple mergers and collaborations between the crypto based firm and other global financial institutions and banks.
On the other hand, crypto analysts like AinisSpainis in their report, are hoping for a whopping 27, 000 percent growth in the value of Ripple’s XRP. Furthermore, the analysts have demonstrated how this “bullish” analysis prediction of XRP hitting the coveted $1,000 mark is valid.
They said how it is ‘not a fanatic mumble-jumble price prediction’, but is actually a result of the Fibonacci extensions learnt from the falls and peaks of the crypto currency. To be more clear though, the analyst trader did put a disclaimer about how this prediction would take some years to blossom properly.
The community is in the splits about the $589 price by the end of this year. Though, the analyst’s prediction in the coming years might prove to be true.
Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.