Ripple Price Forecasting

1. A Ripple Coin May Reach Five Dollars or Even Hit the 10 Dollar Range

When I first wrote this article the price of a single Ripple was hovering around the 70 to 85 cents region. Now is at $2,45! With that said, there are plenty of reasons to believe that the price of Ripple should keep appreciating for the near future. For one thing, as a cryptocurrency, Ripple’s price is inextricably linked to that of its brethren, and the more interest they garner from the general public, the higher the adoption rate will get, which means appreciating prices.

Furthermore, its superior technology makes it an excellent candidate to replace the antiquated SWIFT system, resulting in more and more banks getting on board the Ripple train. Over and above, there have been rumors that Coinbase, the famous cryptocurrency exchange, is planning on adding Ripple to its list of tradable coins come mid-2018. Considering the fact that Ripple is now on second spot as cryptocurrency this prediction is close to real. Should these rumors be true, this would make Ripple more accessible to public investors, which should increase its adoption rate. Hence, five, or even 10, dollars is a fair Ripple price prediction.

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2. If Ripple Manages to Become the De Facto Payment Processor for Banks, It Is Possible for Ripple to Hit the 20 Dollar Mark

Although this prediction is a bit more forward looking than 2018, the coming year will dictate how things play out in the future. In other words, in the event of Ripple delivering on its promises of speed, scalability, and low transaction costs, it should come as no surprise when several banks decide to switch to this powerful platform and start relying on it.

To get a sense of how big a market this is, it is worth knowing that the U.S. Treasury estimates that the SWIFT system facilitates the transfer of 5 trillion dollars a day, which roughly translates to 1.25 quadrillion dollars a year! With a quadrillion dollar market that is ripe for the picking, it would come as no surprise if someone accused our Ripple price predictions for 2018 of being conservative.

3. Like Everything Else, Ripple Has Some Downsides That Cast a Shadow on Its Otherwise Bright Future

Apart from all the problems that plague the whole cryptocurrency space, which we’ve covered in our Bitcoin price predictions for 2018, Ripple has its own issues to struggle with. For one thing, its future supply of 100 billion coins may pose a hindrance to the appreciation of this currency. In comparison, Bitcoin is planned to have 21 million coins total, and Ethereum is destined to max out at 100 million, allegedly.

To complicate matters further, Ripple’s position as the preferred payment processor for banks may alienate some of the more mainstream investors. After all, plenty of avid fans of blockchain and what it stands for (decentralized currencies and all that) decried a cryptocurrency meant to support the banks.

Conclusion

Ripple is a budding cryptocurrency that is showing plenty of promise. Regardless, similar to other digital coins, its price has been experiencing some volatility, though nothing compared to what Bitcoin has been going through lately. Given its advanced technology and reliable infrastructure, Ripple is expected to shoot past several other cryptocurrencies, and if banks adopt this technology as several experts are predicting, the sky is the limit.With that said, the abundant supply of Ripple coins along with the networks focus on serving the banks may prove problematic.

As always, making Ripple price predictions for 2018 is a very tricky subject, and a lot of it is speculative. Yet, it is always important to make do with what we have. Bearing that in mind, tell us what you think in the comments below, and let us know whether you think we missed anything. Also, how do you think Ripple compares to other cryptocurrencies? Would you invest in it, or do you have your eyes set on another coin?