Ripple (XRP) Price Predictions: XRP’s Medium Term Outlook is Bullish

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Ripple (XRP) is a creation of Ripple Labs Inc. This coin aims to set up a real-time gross settlement system, currency exchange, and remittance network. Ripple Consensus Ledger backs the Ripple coin and it helps the Ripple coin to become more efficient and faster for transfer of funds. The financial institutions use this for making their presence globally. The major features of the Ripple coin are to make the reach to an extended area and its accessibility. The token released by the Ripple coin represents fiat currency, cryptocurrency, and commodities.

Current Statistics-

Ripple chartRipple is the 3rd largest crypto coin with an ROI of 5959 %. The current coins in circulation are 41,792,108,527 XRP. The current market cap on 10th April at 06:04 UTC is 14,868,377,120 USD. The value of each coin in terms of USD and BTC are at 0.355770 USD and 0.000006780 BTC. The 24 h volume is at 1,071,639,454 USD at the same UTC.

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Comparison-

Ripple has started the year at a higher note. But the trend could not sustain for a longer period. The price trend fell enormously and then got an inconsistent momentum. The market cap on 10th March was 12,896,661,446 USD, and the value of each coin in terms of USD and BTC were 0.311272 USD and 0.00007926 BTC respectively. The current market cap is 15.28 % more than the market cap of 10th March, and the value of each coin USD has increased by 14.29 % since the last month. But the huge gain was made after 2nd April on the market trend of all other crypto coins. At the end of January, the value reached as low as 0.29, but it gained momentum after a few days.

Prediction-

The recent bullish growth of value can be seen throughout the whole market. The growth is not just limited to Ripple (XRP). Experts predict that the growth is to stay for some more time and the next resistance point is at 0.40 USD. And the medium-term outlook is looking bullish. The value can reach as high as 0.6 USD. The long term growth will give the investors a heavy growth. The end of next quarter can reach the target of 1 USD. Short term investors are advised to hold on to their investment until the coin faces its resistance point. Long term holders need to wait for two more quarters to see exponential growth in the price.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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