As one of the few crypto technologies designed to support banks and monetary establishments, Ripple has been the topic of tilt and discussion ever since it launched back in 2012. Some think about the glory days of XRP as having passed United States of America by, whereas others believe that its creators square measure enjoying the long-game which the simplest for Ripple and its associated technologies is nevertheless to come back – therefore, will Ripple reach the $3 mark again?
Playing catch-up
The accord of most crypto speculators is that Ripple can exceed its three-dollar record – however it may take a protracted time. throughout a previous spike, a run on the currency saw new boosts, with several selecting to sell their share of the currency shortly when. those that remained, however, might got to play the strategy before they witness any real come back on investment – and it would not be in 2018.
Fear of missing out
Many critics credit the publicity and momentum encompassing Ripple at its launch for the $3 valuation – one thing thatis going on with many various cryptocurrencies over the years. because the initial expectation begins to die down, several investors prefer, thereby negating the worth of the coin. That’s to not negate the potential of Ripple (XRP) – it simply means that it should take a jiffy for its real-world applications to kickstart any style of real-term appreciation supported technology rather than publicity.
Momentum elsewhere
Perhaps the most important downside for Ripple comes within the type of alternative crypto activity – currencies like Litecoin, Cardano, NEM and modern square measure all saying exciting new partnerships and real-world eCommerce implementation that helps to spice up the profile, the recognition and ultimately the worth of those coins. Ripple, on the opposite hand, is incredibly a lot of tied to the banking and finance industries among rising markets, which impliesit may take time before any tangible growth is witnessed.
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I'm holding long on XRP because I see the real life applications and immediate potential. While most other "true" cryptocurrencies are running on hype and vague applications that will take longer to apply (except for perhaps ETH), XRP has been making tangible progress to make itself relevant right now.
I believe that XRP is still at its price now because they don't focus as much on building hype as the other coins. However when their xRapid partners start using XRP for payments, the price will steadily go up.
XRP will definitely go up and break their previous $3 record. In terms of when, it will be after the partners open up their xRapid transaction services. Hopefully in the next 6 months or so.
I do belive XRP, will jump higher but not for sometime. We have other coins that will outshine it in the mean time. Overall long hold. You will 3x.