Despite all the actions and bans on cryptocurrency bitcoin is still in demand and investors are still showing their interest in buying bitcoin. Other than the bitcoin cryptocurrency Ripple is at the target as well. In several countries shutdown against the digital currency has been started and it is affecting the buyers as well as the value of the Ripple.
From the value of 0.17$ Ripple suddenly jumped to the $3 which makes everyone turn their heads to this cryptocurrency. But unfortunately, it seems like that Ripple climbed all the way up to get back down to the lowest value.
In the starting of January 2018 Ripple lost it’s 60% of the value, now the questions are what market can predict the future of Ripple?
Some of the investors are considering Ripple as a holy grail but all that hype is not correct every time. The founders of Ripple still have a large sum of coins in their hands and this is the major risk factor people should be able to see right now.
The large sum of Ripple XRP still in the hands of founder may cause the value of Ripple down once again.
According to the CTO of Ripple Stefan Thomas, he said in a statement that Ripple gives one frictionless experience to send cash all inclusive utilizing the energy of blockchain. With RippleNet, money related organizations can process their clients’ installments anyplace on the planet, immediately, dependable and cost adequately utilizing only one API.
Ripple is the main blockchain coordinate with the genuine client. We’ve marked manages more than 90 clients all inclusive and more than 75 clients are in different phases of sending Ripple for business utilize.
According to the few analyst of the market, it has been said that Ripple will jump to the $5 in few weeks but at the end of the year, chances are that Ripple will reach to the $50 which is quite unrealistic right now but it may happen on the matter of buying. Mr. Thompson further said in a statement that When we look into Ripple Price movement between $0.185 up to $2.48, we may see a price action message within. as a result, I am expecting buy opportunities for Ripple between $0.76 – 1.24 with targets towards $ 3.89. However, my main target remains at $4.77.