Ripple Price is dropping gradually and expected to drop below $0.25. It may be little bit right to say all other cryptocurrencies are dropping due to some FUD, regulation and for many reasons. But the ripple chart analysis significantly shows that ripple not finding a support level, which may cause further drop.
A great number of ripple news and announcements has joined ripple this year which could hit the price of ripple. Ripple is continuously announcing partnerships and cross-border payment transfers testing. In same case, if Btcoin joined these all big brands or payment provider, it may cross $20,000.
A number of ripple predictions can be found on internet that its price will hit more then $5 or bitcoin level and blah blah blah. But the fact is Ripple Company currently not targeting the ripple price increase, the aim of ripple to target banks and financial system. Yes, indirectly it has impact on ripple price for short or even for long term.
Ripple xrp CEO Bred Garlinghouse said few days ago,
He said he doesn’t like to check it all day or talk about it, but his company is heavily invested in the success and growth of XRP
“The price of XRP over three hours, over three days, over three weeks, over three months, that is not success that is not how I measure success.
“I think about success over the next three to five years.”
It is cleared by these comments by CEO of Ripple Xrp, he is not focusing the ripple price, although the xrp news like few days ago some wrong news got viral for “coinbase accepting ripple” and price increased within few hours to more than $3.50. After that the price dropped and still ripple price going down. Currently the ripple xrp price drop from January to now, because of some regulations and banning news.
Here question exists, will ripple bounce back???
On the basis of current situation, I will not predict ripple xrp will move to sky in 2018 but this third cryptocurrency in ranking has potential to boost. Financial systems are connecting with ripple and a great number of countries have warmly welcomed this cryptocurrency. Still Coinbase news for accepting ripple chances exists because of its gaining popularity. Experts also believe, coinbase will accept ripple xrp.
Ripple Price Analysis
Photo via coinmarketcap.com
Today ripple dropped and holding the support line to $0.75 which is observed today in last hours. Ripple price failed to sustain $0.80 value and declined to $0.7630. Chart analysis shows that it has potentials to move upward in next 24 to 36 hours. Ripple now has support level of $0.75 and for a high it can go to $0.80. Ripple must have to maintain above low level, further it can more to decline.