During the 2017/2018 cryptocurrency bull run, the price of Bitcoin moved near $20,000. At the time, every other cryptocurrency in the market experienced a surge just like Bitcoin. This includes XRP. The price of XRP hit the $3.90 from $0.25 within a short period. As you’ve seen from our previous XRP news and XRP price prediction, the price of XRP is near this $0.25 level again and analysts are now contemplating on whether the price of XRP has what it takes to hit $3 and even surge higher to a new all-time high of $10 anytime soon. What are the odds that XRP will ever hit $3 again and even move higher to $10?
XRP Price Prediction 2019 – XRP News Today – XRP Price Forecast – XRP To Hit $3 And Even $10?
In an XRP price analysis on Zycrypto.com, the analyst points out that the price of XRP may still have the chance to surge if history is to repeat itself. You see throughout 2017, other cryptocurrencies were outperforming XRP. Still when the time came, the price of XRP moved from $0.25 to $3.90. For months now, the price of XRP has been stuck in a descending trendline. There has been no significant surge. In fact, it has been losing its ground. More than once, the price of XRP fell below the support at $0.3000. Now, the XRP army and other members of the cryptocurrency community are talking about the XRP price prediction 2019.
A strong member of the XRP community started the conversation by saying that many people have lost faith in XRP. In his words;
“Some people really think that $XRP can’t hit $10.00? If people are calling for this bull run to be 3X of what it was in 2017, then that should be an easy number to hit.”
While this Tweet is optimistic, it sparked up a debate. Some uses said it would be impossible for XRP to move to the $3 talk less of the $10 level. Another user said that if XRP is to hit $10, it’s market capitalization would have to be larger than the current market capitalization of Bitcoin. This person noted that there has been a significant increase in the circulating supply of XRP between when the price hit $3 and now and this is going to be a challenge. This is a valid point but it doesn’t mean it is impossible for XRP to have a market capitalization that is higher than the current market capitalization of Bitcoin. When the cryptocurrency bull run starts, Bitcoin will have the potential to have double of its current market capitalization. So having Bitcoin’s current market cap isn’t going to make XRP the foremost cryptocurrency. This also means that a price surge is possible.
XRP Price Prediction 2019 – XRP News Today – Current Price Of XRP
At the time of writing, XRP was hovering above $0.30. Keep in mind that the price of XRP was driven to its all-time high due to a combination of factors including market conditions, hype surrounding XRP and Ripple among other things. Now, the price of XRP has more than hype to support it; it has use cases. Thanks to the release of the xRapid protocol, it’s only a matter of time until XRP reaches mass adoption. You see the more financial institutions adopt xRapid, the higher the demand for XRP. Eventually, this would reflect on the price. Let’s not forget that the wider market is also gearing up for a massive bull run.
What do you think about the XRP price prediction 2019 in our XRP news today? Share your thoughts about the XRP price in the comment section below.