Is it still a good time to buy Ripple in 2018
In this video I do a quick price prediction for Ripple [XRP] in 2018. We've seen some huge surges and pullbacks in price over the past 6 months. What can we expect in terms of the future price of Ripple?
Announcements
With a really strong marketing team behind Ripple, there is no shortage of partnership announcements. This often drives large price jumps as seen in the history of Ripple.
Circulating Supply
With a circulating supply of 39 billion (out of 100 billion total supply), there certainly are no shortage of XRP. This in turn must be taken into the price consideration.
Growing Market
Although we have seen a very bearish market so far in 2018 since the correction in mid January. There is still the chance of a bull market in the coming months taking Ripple XRP above it's all time high of $3.60.
Price Prediction for XRP
The price prediction for Ripple is $6-$8, this is based on the speculative price for Bitcoin reaching $50,000 before the end of 2018. The months of February to May have been slow for Bitcoin and most of the Cryptocurrency market, so it's difficult to gauge the likelihood of a $50k Bitcoin in 2018. If it does, we can expect XRP to be in the 12,000-14,000 satoshi range.
Note:
I am not a financial advisor and you should not take this video as financial advice. Always do your own research before investing your money.
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