The digital currency boom late last year and early this year injected digital currencies into the mainstream. Famous news outlets were all filled with new regarding the value of bitcoin. While Bitcoin (BTC) did experience impressive gains, other digital currencies such as Ripple (XRP) were able to make some impact, despite only increasing to the high of $3.65 – which is still its all-time high.
The Enormous Performance of Ripple
Amazingly, during the digital currency boom, XRP was able to increase by 1360 percent, from its initial value at about 25 cents. Hence, the value of the digital currency could increase by 1360 percent again if another digital currency boom of this kind hit the crypto market, which is definitely a possibility.
However, it is worth noting that this isn’t an investment advice, it’s solely based on speculation. The value of Ripple could surge by 1360 percent again, nevertheless, it would require absolute perfect market conditions, conditions that are not easy to come by.
Ripple Price Today: Current Price of XRP
At the moment, the value of XRP is 48 cents, hence, an increase of 1360 percent would see the value of the digital currency hit the $7 mark, a very distant but achievable figure. As mentioned earlier, the achievement of this value is dependent on the conditions of the market.
Also, another factor that could contribute to the achievement of this forecasted value is increased adoption of Ripple (XRP). If the digital currency becomes an integrated part of something like the OnePayFX application of Santander (for instance), then the value of the coin could experience a significant increase.
An increased adoption together with a good market and of course, some positive developments and announcements, the value of the digital currency would skyrocket, surpass the $5 mark, hitting new highs, and get to the forecasted value of the coin.