Forecasts for the XRP price at the end of 2018.
As you’ve gotten used to, we’re trying to look realistically at XRP at this time and estimate realistic price for the end of the year. Of course, estimating a likely price for the next 12 months is not an easy task. There is a high dose of hazard in such estimates. However, we will try to take into account as many factors as possible in this estimate.
In 2017, XRP was the star on Crypto Market with an ROI of 30000%, an incredible ROI. No other top 10 Crypto Market currency has ever seen so much growth. In an article in the fall of 2017, I said that XRP could have a price between 0.80 and 1 usd at the end of 2017. Then I gave the necessary arguments for which I thought the price would rise.
Many people agreed with me, but they were vehement and considered me too optimistic. They were of the view that XRP would not reach 1 USD. At the end of 2017, the XRP price was about 1.9 USD. In conclusion, have I been too optimistic? Moreover, in January this year, XRP reached a maximum of $3.60 Let’s look at what we can expect in 2018.
1.Market capitalization will not be an obstacle to rising XRP prices:
One of the arguments brought by those who disagreed last year with my estimate of 1 USD is market capitalization. In their opinion, XRP will not be able to attract too much money to climb 1 USD. Some of you understand my point in this regard. Market capitalization is relative and very variable. When a currency is on a rising trend and FOMO produces its effects on the masses of people, it attracts amounts and implicitly market capitalization can grow at an incredible pace.
It is quite unlikely that XRP will reach three-digit price this year or the next 2-3 years, but in the next 5-6 years, there may be a lot. Given that Bitcoin was worth a few hundred dollars a year ago, who would have thought it would reach a maximum of $20,000?
However, this does not mean that XRP can reach 1000 USD in the future. Well, at this moment, that seems utopian. XRP can not be compared with Bitcoin, because the number of coins issued is huge, 100 billion coins. That would require huge amounts of money to pump the price up. Nobody has estimated such a high growth of Bitcoin’s market capitalization.
Limiting the XRP price increase due to market capitalization is an argument that those who have scrutinized the market capitalization problem are using. In conclusion, considering the market capitalization, I estimate two-digit prices for the end of 2018.
2.New partnerships and a possible news on the use of XRP (non-test) cross-border payments:
Shortly afterward, Cuallix announced that the first XRapid instrument tests using the XRP were performed. According to official sources, the tests were a success. MoneyGram made it a pleasant surprise by joining over 100 financial institutions that are using Ripple technology. They said that in the first phase they will only use Ripple technology, and in the second phase, they will also use the XRP currency.
IDT and MecuryFX also announced they will use Ripple technology. The Ripple project is increasingly materializing. I would not be surprised to have the first news this year about using XRP in cross-border payments. Even if this does not happen this year, XRP will be used for cross-border payments in the future. Ripple does everything necessary for that.
3.The first effects of the Ripple Accelerator program, new capital inflows from other markets and the Arrington XRP Capital Fund:
This year, I expect to see the first effects of the Ripple Accelerator program (worth $300 million) to boost XRP liquidity. Providing incentives through this program may be an important reason for attracting new partners. You can find more details about this program at a simple search on the internet. There is little talk in the online environment about the effects of this program, but I think it will play a very important role in 2018.
Crypto Market is a younger market and attracts more and more money. Crypto Market is attractive due to the huge yields obtained here. In other markets (WTI Oil, Gold, Forex) these yields can only be obtained with leveraged instruments (margin trading). Exactly the money you earn harder, comes with far greater risks. Crypto Market will also attract more money from the Stock Market. Here, the yields are much lower than on the Crypto Market. I am one of those who entered the Crypto Market after I traded 10 years on the Stock Market. There are many traders who did the same thing, including investment funds.
On November 28, 2017, Michael Arrington, the founder and former editor of TechCrunch, announced the launch of its new capital fund. The fund, called Arrington XRP Capital, is one of the largest hedging cryptographic funds in the world and is entirely denominated in XRP. In addition, the fund will start with $100 million and will use XRP to invest in blockchain technology and asset entities.
Final conclusions:
Taking into account all these factors, I estimate an XRP price of 8-10 USD at the end of 2018. However, it must be taken into account that this estimate implies normal market conditions. This means that Bitcoin will not fall below $4000 – $5000, and after a few months of consolidation, we have a new bull market.
If within a few months, the market does not stabilize and we do not have a trend up, it means that the market will have a longer recovery period. Transforming the feeling of pessimism from Crypto Market into an optimistic feeling can not be done in two weeks. If the market does not recover within a few months, our target price may not be achieved by the end of 2018. We also do not have to hear negative news from Ripple or other events that have a negative impact on the entire Crypto Market.
Whether or not the market will return sooner or later, the instant access prices are very cheap. At this point, XRP had recorded 78% drop from the maximum price (3.6 USD). Any trader with experience knows that now is the time to buy XRP. Even if the market gets tougher, and we will not reach our price target, XRP will undoubtedly climb to at least the previous price. All those who will buy now will have a nice profit at the end of 2018.
Do not forget! The biggest news that may come in 2018 is the first (non-test) use of XRP in cross-border payments. This news can create an aggressive move upwards. An increase of 500 -800% is likely to occur at that time.
All the information in the article can be checked on the Ripple site (Insights), or on other sites on the Internet. Please take into account all of the above factors and make your own research if you want to invest in the XRP currency.
The article is written by me and can also be found on the site: //www.ripplecoinnews.com/
Great post sir
Thanks for the sharing
@letssmile
Cryptocurrency is fairly new, so I think that as the world starts noticing Ripple(XRP) and its technology the company will go up in value. I'm predicting that it will be around $10 - 13 or maybe more.
Now we are just need to be in hold
Just a few more years. Lol
Yes! :-)
Hey @mihaisyblu,
The total cost of all publicly traded cryptocurrencies hit a mixed $366 billion nowadays, the lowest determine determined for the marketplace on account that Dec. 4, information from CoinMarketCap reveals.
The more than 60-day low, but, also can be examine extra bearishly, as it represents a 50 percentage drop from the marketplace's all-time high above $830 billion in early January.
Certainly, for the second one time in only four days, the marketplace is awash with double-digit declines, as in only a few quick weeks a mixture of recent customer fatigue and terrible information appears to have taken its toll.
This time, the wrongdoer may be hypothesis that new buyers can be further discouraged due to reviews China could in addition restrict domestic customers from remote places marketplace sources, even as primary credit card issuers throughout the globe are reportedly limiting access to cryptocurrency shopping for.
Nevertheless, year-over-12 months, the figures are less bleak, because the marketplace is up greater than 1,800 percentage from simply $19 billion in Feb. 2017.
As such, buyers can be buying and selling the declines and otherwise taking their terrible news in stride. similarly statistics analysis exhibits the marketplace is still buying and selling above the $355 billion general discovered on Friday, when the marketplace saw a similar period of double-digit declines.
Multumesc pentru aceste informatii. Cunosc o mica parte din ele.
Hey @mihaisyblu,
Have a good day. Your posts are amazing. Keep it up:)
Great work with a deep analysis.
I'm trying to do my job as best I can.
Solid write-up about the potential of Ripple.
I think it is an interesting project, and one that will get a lot of people into crypto, especially if they can capture a significant portion of cross-border payments markets. The links it has created with top financial institutions are impressive.
I still dont like the fact it leans towards centralization - there is an article I read just today on that theme actually , and I would be interested to know your thoughts on this!
I personally think $8-10 by years end is a little on the high side, but $5 might be in play, considering the heights it already hit. As you say, this requires a strong bull market to take over again.
I imagine Stellar will eat a little bit of Ripple's cake, as now it is not the only game in town...
I think it is a tendentious article. I say XRP is semi-centralized. You will not find this term in many discussions about XRP. In fact, their Ledger registry is open source. The fact that Ripple still holds most of the coins is perfectly logical. It could not be otherwise if it deals with cross-border transfers. It's hard to explain, but the Ripple team is brilliant. They thought of a perfect ecosystem for a buffer currency. As for the percentage of coins owned by several creators, it is the same as for other currencies. All coins provide around 20% of the total coins issued to creators. See Bitcoin and many other coins.
Ripple gets a lot of hate, perhaps because it is aligning itself with big financial institutions rather than fighting to take them on and replace them.
Back in 2016 I put about $30 into XRP because I had a little left over from a trade on Poloniex, and its been the best $30 I ever spent considering returns! I now wish I had put some actual money behind it , because I could've retired!
ROI, earned on XRP in 2017, are the best on the Crypto Market. Unfortunately, some people are blinded by the preconceptions that Ripple is working with banks. Those who manage to get over it will find a solid project with a quality team. They are one step away from using XRP in cross-border payments.
Yes you’re right and I dislike the argument, Ripple has potential to save banks money, therefore it has inherent intrinsic value and that is the logic for investing in it!
I agree with your points. Add to that the possibility of stock market crash or at least major correction.
This will bring lots of new money in the crypto system, which will skyrocket prices, and especially coins like XRP who have a strong team, use case, and partnerships behind them.
Wall st. guys will choose a coin with a company behind it, instead of anonymous-teenager-in-a-garage coins.
10$ is the minimum target for me in the next 6-10 months.
Indeed, a stock market crash will inevitably lead to money entering Crypto Market. Personally, I believe that this year, the market capitalization on Crypto Market will exceed the previous maxims and will rise to huge values. This will inevitably lead to a new bull market and to new maximum prices for both XRP and other currencies.
Thanks for the post about Ripple. It is a project that I am very interested in. I have a background in economics, banking and financial literacy and right now this technology makes the most sense to me of any of the coins. I use to process wire transfers for customers and it could take days sometimes because of all of the intermediaries that were involved. Not to mention being expensive.
Market cap in the crypto space cannot be measured as in the same way it is used in the stock markets. This is something that annoys me so much when people go on and on about market cap. Check out the diamond market for example and try to use that argument based on the supply of diamonds. This is not to say that the value of each token can infinitely go up, but we can definitely say that there are no other coins that have such adoption as this one right now.
Perfectly true.
Really contain a lot of informations thank you!
Great post, I hope you're correct with your price prediction of $8-10
Your comment seems strange to me. If you plan to invest 10000 or 100,000 dollars in XRP, and these are all your money, I do not advise you. Buy XRP as much as you can afford to lose. Crypto Market has its risks. I hope you understand that there are some negative points that can lead to the non-fulfillment of the price target of 8-10 usd. These negative conditions are stated in the conclusions. At this point TA does not confirm that we have reached the minimum point on Bitcoin and that the bear market has been transformed into a bull market. However, XRP is the top currency and I believe in that price estimate.