Key Points:
- End of year rise all time high of almost $2.50 USD
- Could relate to further integration of Ripple technology with banks
- Now finding support at $2 USD.
Ripple has been one of those altcoins where investors always asked “when is this one going to finally surge into the hundreds? Even Litecoin spikes into the 300’s!”. It’s also one of the major altcoins which didn’t always follow the Bitcoin price trend (similarly to Dash). Now finding support at $2 USD and rising, ripple finally shakes off it's image as the altcoin that just doesn’t move.
XRP is by all means still not an expensive coin to purchase but how high can it really go? With the circulating supply at around 38.7bn, XRP only needs to rise to around $5.5 USD to equal the BTC marketcap. So using BTC as a baseline, a major XRP price surge into the hundreds per coin doesn’t seem likely. Mind you, this is the world of cryptocurrencies where anything can happen.
- End of year rise all time high of almost $2.50 USD
- Could relate to further integration of Ripple technology with banks
- Now finding support at $2 USD.
Ripple has been one of those altcoins where investors always asked “when is this one going to finally surge into the hundreds? Even Litecoin spikes into the 300’s!”. It’s also one of the major altcoins which didn’t always follow the Bitcoin price trend (similarly to Dash). Now finding support at $2 USD and rising, ripple finally shakes off it's image as the altcoin that just doesn’t move.
XRP is by all means still not an expensive coin to purchase but how high can it really go? With the circulating supply at around 38.7bn, XRP only needs to rise to around $5.5 USD to equal the BTC marketcap. So using BTC as a baseline, a major XRP price surge into the hundreds per coin doesn’t seem likely. Mind you, this is the world of cryptocurrencies where anything can happen.