XRP forecast: Experts analyze possible scenarios for the course of the cryptocurrency
XRP forecast: Experts analyze possible scenarios for the course of the cryptocurrency
XRP: Various options for the future
The crypto expert recently rated various scenarios for the future of XRP (Ripple). Four possible results were highlighted.
1) Mini Bull Run
The first option is that a Mini Bull Run takes place. In this case, old coins, such as Bitcoin (BTC) and Ethereum (ETH), could follow the Fibonacci extensions in their previous cycles. This would mean that XRP would have a significant increase in price.
2) Small pump
Another option would be a small price increase for XRP based on positive messages. After that, the price could adapt to the general market tendency again and show an upward trend in line with the wider bull market cycle. The price forecasts would be similar as mentioned.
3) Ripple's comeback
An agreement of Ripple with a small fine could lead to XRP starting a "full moon mission". This would enable global institutions to use on-demand liquidity (ODL) and liquidity centers. XRP would therefore prove to be the most regulated and first cryptocurrency, which is introduced by financial institutions worldwide. This would lead to a price increase and require a fair evaluation framework for cryptocurrencies.
4) Double Tapping Highs
However, the analyst assumes that XRP may not surpass its all -time high (ATH) from 2017 in this cycle. Instead, the price could "double" compared to that time. This would indicate that the price summit has been reached, similar to the previous cycle of Stellar (XLM). The analyst expects XRP to probably not rise from the 3.30 to 3.60 US dollar.
The current trading value of XRP is $ 0.78, which means a decrease of 3.79% in the last 24 hours. There was a decline of 1.23%last week. However, a clear increase of 56.46% was recorded on a monthly basis. It remains to be seen which of the above scenarios will realize in the future. These depend on the further development of Ripple, XRP, the entire cryptocurrency landscape and the more general macroeconomic conditions.