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Price Analysis

Ripple Price Analysis: Netflix Shows XRP On The Dark Side

  • A German show on Netflix depicted major coins including Ripple as the payment instrument for Drugs selling.
  • The medium-term bullish outlook places the coin at 0.9 USD mark.

As the whole cryptocurrency industry is in the nascent stage, it is obvious on the part of people negatively portraying crypto coins. But when media houses do it, it surely is giving a big dent to the industry’s image. As the major coins including Ripple (XRP) are trying to get hold of the industry by making a huge number of associations and partnerships, recently a Netflix show depicted some major coins like Bitcoin, Ethereum, IOTA and Ripple to be used as a payment instrument for selling & buying of drugs. The German made series tries to show another side of the whole crypto industry, which has made some investors worried. But the negativity is sure a short-term phenomenon. Ripple coin has good bullish days ahead. By the end of 2019, the coin is likely to reach 0.9 USD. Let us look at the current facts and figures of the coin.

Ripple Price Statistics-

ripple price chart - June 4

Ripple (XRP)04th June 01:09 UTC
Rank3rd
ROI (Return on Investment)7,011.95%
Circulation Coin42,181,995,112 XRP
Market Cap17,494,293,564 USD
Ripple Value in USD0.4160202 USD
Ripple XRP price in BTC0.00005213 BTC
24h Volume2,702,075,429 USD

XRP Price Comparison-

XRP price started the year with a relatively higher price, but just after starting off the year, it fell down and lost almost 25% of its value over 27 days. From that point, the coin moved with an uncertain pace. The lowest point of the coin was on 25th April at 0.2904378 USD. The largest gain was made on the 9th of May when the coin gained 52.53% in just 6 days. This growth also brought the highest point of the coin of this year at 0.45 USD. The market cap on 09th May was 12,655,512,377 USD, and the value of each Ripple coin was 0.298070 USD. The current market cap and the value of each coin have increased by 38.23% and 39.57% respectively.

Ripple Price Prediction-

As we have already mentioned, a bullish period is likely for Ripple; the coin may face resistance at 0.5 USD and 0.6 USD. As per our prediction, the coin is likely to be traded around 0.9 USD to 1 USD level by the end of 2019.

Conclusion-

If the holding duration target is 2020, it is a good time to buy fresh coins. The bullish market will give a profit of at least 100% of the current investment value in the medium-term.

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Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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