As of 12.30pm today, XRP has remained fairly steady, exchanging hands for a price of $0.79 per token. RIPPLE was trading at $0.006 this time last year, the XRP token now currently stands at $0.84. The cryptocurrency has grown in the last year, but does it have the potential to be bigger than bitcoin?
Experts linked the decline to increased pressure from US and Japanese regulators on cryptocurrency exchanges, after a spate of cyber attacks sparked concern about crypto asset security.
Matthew Newton, market analyst at eToro, agreed the news of regulation was one of the factors which had a part in the bearish markets.
He said: “Regulatory news coming out of US and Japan may also have impacted cryptocurrencies again, but shouldn’t be cause for alarm. Cryptocurrencies are still in the early stages of development.
CEO of Ripple (XRP) tweet on : why ripple is falling
In context of yesterday's SEC statement(s), I hear some in crypto talk about the current “regulatory uncertainty."
SEC’s statements have been consistent and clear. "Regulatory uncertainty" is just a euphemism for “we wish we could ignore SEC regulations.”
— Brad Garlinghouse (@bgarlinghouse) March 8, 2018
Ripple Price Prediction and its pros & cons
PROS of Ripple Price:-
Thе bаnk mаrkеt is hugе, аnd fіnаnсіаl іnѕtіtutеѕ аdорt rіррlе. Compared to trаdіtіоnаl bаnk services, thе Ripple nеtwоrk is ѕесurе. Gооglе Vеnturеѕ аnd Stаndаrd Chаrtеrеd Bаnk both invested іn Ripple. Axis Bank of India already using the network of ripple. SBI too is in the process of adopting the same.
CONS of Ripple Price :-
It іѕ рrіvаtе, unlike bitcoin аnd Ethеrеum. Rіррlе оwnѕ 70% оf the соіn, whісh іmрlіеѕ the rіѕk оf manipulated. Cоѕt оf XRP on thе network will NOT bе given to anyone. It wіll dіѕарреаr instead, so the rіррlе’ѕ соіn іѕ оnlу gеttіng fеwеr.
In 2017, XRP was the star on Crypto Market with an ROI of 30000%, and an incredible ROI. It reached to its maximum heigh $3.6.
According To Long Forecast Ripple Price Prediction In 2018 Is :-
Month Open Low High Close Mo,% Total,%
Mar 0.89 0.62 – 1.09 0.67 -24.7% -24.7%
Apr 0.67 0.52 – 0.71 0.56 -16.4% -37.1%
May 0.56 0.44 – 0.56 0.47 -16.1% -47.2%
Jun 0.47 0.36 – 0.47 0.39 -17.0% -56.2%
Jul 0.39 0.39 – 0.48 0.45 15.4% -49.4%
Aug 0.45 0.45 – 0.56 0.52 15.6% -41.6%
Sep 0.52 0.48 – 0.56 0.52 0.0% -41.6%
Oct 0.52 0.41 – 0.52 0.44 -15.4% -50.6%
Nov 0.44 0.44 – 0.55 0.51 15.9% -42.7%
Dec 0.51 0.40 – 0.51 0.43 -15.7% -51.7%
Experts expect Ripple (XRP) coin to reach at $6.45 USD by the end of 2018. Last year in October, the company announced that there are more than 100 companies, financial institutions (to be precise) are going to use Ripple’s payment network and are using the network is some ways.
What is Ripple?
Ripple released in 2012 and it is part of Ripplepay, Like Bitcoin and Ethereum, Ripple can be hard to understand. Ripple is both a payment network (RippleNet) and a cryptocurrency (Ripple XRP). Especially because it’s pretty different than most cryptocurrencies Ripple is a real-time gross settlement system (RTGS), currency exchange.
Ripples is a stilled class as cryptocurrency platform in which transactional protocol is XRP. Unlike other cryptocurrencies, XRP transfers are effectively because its facilitates transactions all over the world, and transfer fees are far cheaper than the likes of bitcoin but the way it was founded and the way it operates are very different from some of the others out there. XRP is a token itself.
There are 100 billion XRP tokens that were issued by the Ripple company. In 2017, XRP was the star on Crypto Market with an ROI of 30000%, an incredible ROI. That’s why if you’re thinking of investing in Ripple, you need to do your research first and what better place to start, than right here.
WILL XRP EVER TAKEOVER THE BITCOIN:-
Many expert thinks that it will overcome the Bitcoin because BITCOIN is facing stiff competition from rival Ripple and it’s CEO has revealed why the cryptocurrency is catching up quick and in 2017 Ripple’s XRP has seen its value jump more than 7,000% and its market cap increase by nearly 7,700%.
Ripple is uniquely positioned to capitalize on that. Bitcoin takes four hours to settle a transaction. XRP takes 3.6 secs. From these results and statements we can judge that Ripple will takeover the BITCOIN…
In fact I would suggest all the investors this is the right time to invest in Ripple coin as the market is down.I feel that Ripple coin is going will rise in the short run.