XRP Price Forecast – Will this coin recover strongly?
XRP bulls (bulls) hope that the recent price rise will mark the beginning of a recovery for the currency, which has witnessed difficult conditions in the past months, with its price declining by an average of 12% in 90 days. Unlike Bitcoin and Ether (Ether-ETH) whose prices rose by 56% and 40% respectively in the same period, there is also some strong fundamental data on the horizon that could help XRP close this gap.
Ripple recently announced plans to launch a stablecoin backed by the US dollar, and the hype caused by this launch could boost market optimism in Claiming to issue XRP as a security, this event could allay legal concerns surrounding Ripple and its currency.
XRP's poor performance compared to other cryptocurrencies in recent months suggests that it is trading at a lower price than its actual value.
The price of XRP could easily double to $1 in this bull market, taking its market cap from $30 billion to nearly $60 billion; XRP investors should be wary due to its lack of innovative functional uses...
