Ripple is the only coin whose price is very tiny as compared to most of the expensive currency like , BTC, ETH, LTC, Monero, Dash etc. But it ranked on third number in the market listing .
While this coin is performing nice although the market volatility issues always prevail. Ripple price prediction , depends on the trading volume and all the good and bad news about the ripple .
Since the market capitalization is too high. Many financial institution have invested, apart from this, it could be called as the bank owned currency . Basically ripple is a payment system solution. And banks are adopting this technology to grow their financials and more profits.
Why Ripple (XRP) price falled from $3.84 to $1.00 ……
It can be said that a lot of factor cumulatively affected the price of ripple . But In jnuary it shows the world that it can reach a mile and have the potential to do so. The
It is because of the crypto giant Coimakerketcap announced on 8th of January 2018 to removed three Korean cryptocurrency exchanges from their data analysis resulting to drop of the prices.
Data removal lead the graph radically felt down for ripple only on coinmarketcap’s site. Although it was $3+ in other sites like Coincap at that time. But as soon as people saw coinmarketcap’s site graph they got panicked. It resulted in panic selling , which reduced the value of ripple to $1.9.
This morning we excluded some Korean exchanges in price calculations due to the extreme divergence in prices from the rest of the world and limited arbitrage opportunity. We are working on better tools to provide users with the averages that are most relevant to them.- Coinmarketcap(Coinmarketcap 11:32 PM – 8 Jan 2018)
Future of Ripple
The most important thing is that ,will it recover the losses soon or will it be going downward like this only. Its very important to note that gradually the price of Ethereum is rising despite of bitcoin price is still hovering around $14500. Patient is the key essence In the case of ripple too .
On 11th january 2018 moneygram had tied up with the ripple for the payment transfer. Moneygram allows people to transfer the money cross-border safely and efficiently to send payments . A lot of Banks are researching on the use of blockchain technology .This news made a good impace on the market and it showed the bullish trend.
It is to note that XRP is getting noticed day by day and entering into the tieup with the gaints of the market.
When the information is rumour ; BUY.
When the information is news ; SELL
Global Exchange Gaint, UAE Exchnage joins Ripple Net. :
UAE Exchange has inked a deal with Ripple to join . Other major global financial players who are taking advantage of the revolutionary benefits of the blockchain technology. UAE Exchange too made a palce in this list.
— SR (@SRGFT) February 13, 2018
Ripple price prediction 2018
Experts are skeptical of cyptocurrency price. The currenct scenrio is very unpredictable. Although people are optimistic .
Some expert claims that in the month of March the price will go down . This downward is obvious , almost whole world’s financial closing happens to be in march 31st.
From the month of april the price may rise. It is to note that the year 2018 will always be remembered as the regulations of the year. So the price will be more volatile than ever.
Some experts have claimed on the Ripple price prediction 2018 , that it may rise upto $5 in the mid while till the end it may rise upto more than $10. These are just a prediction and speculation and no one predict the future.