Ripple price prediction 2020
Many of other digital currencies had followed Bitcoin, during its success and higher market status in the year 2017 and early 2018. It has been analyzed that anytime when Bitcoin has an increased value, the other coins will follow its footsteps. Reportedly, other cryptocurrencies like XRP has also been struggling at the end of the year 2018 since its market high of $3.65.
It has been predicted by many that Bitcoin (BTC) may reach $25000 by the end of the year 2018. If the prediction does come true then it can also be forecasted that the Ripple will also reach tp $10 by the end of the year 2018 and may reach $24 by 2022.
When the Bitcoins had reached its best at almost $19000, XRP had strived to even reach at $3.60. Looking at this result, it may be predicted that XRP may reach $10 by the end of this year. BTC currently is struggling to even hit the $6500 level. So, unfortunately, XRP and BTC investors have to wait and watch till the end of the year for a proper result.
Ripple xrp latest news
BTC ETFs have been the center stage of the news recently. People in the market had suggested that the recent downward in the crypto market trend is due to them. However, it has been seen that even after rejection of ETF by SEC, the cryptocurrencies have not had a loss.
But generally, BTC’s success won’t guarantee XRP’s success. Because the cryptocurrencies are facing their own challenges. Firstly, XRP is under the US Security and Exchange Commission (SEC) scrutiny. If XRP falls under the security category of SEC then it will have to follow its rule and regulations.
Moreover, people also have the impression that XRP follows a centralized system regardless of the other cryptocurrencies which follow a decentralized process.