I believe it will reach a maximum of 6$ this year. Then next year the bear market will start and once again back to the initial prices of 0.50 before the explosion that happened.
RDF6984
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Why XRP may NOT be headed to $10,000
Apologies in advance for the essay, but I think many persons are missing the big picture, so I will say this as plainly as i could.
Unless these big institutions are investing in the public ledger (where there is real adoption), all the deals that you are hearing about between ripple and major institutions will be of little to no benefit to retailers.
I keep on saying this and ppl laugh, even so much to say, that i dont know what I'm talking about, but i have been proven right time and time again. It's more likely that because so many retailers have invested in the XRP coin and continue to do so, that the big boys will advocate for an ETF (bitcoin has quite a few) to be created, that could be traded like stocks and as such have greater control and exlusivity in the acquisition of assets that will appreciate exponentially.
Permit me to say that we are seeing that the intrinsic value of bitcoin is so strong that on the exchanges, governments and large institutions are buying up till there will be no more bitcoin. Believe what you will but XRP does not share the same perceived value even though it has great utility.
If you are following the money the decision by ripple to acquire a financial institution at 1.25B dollars is good business for ripple as it makes it easier to offer an XRP ETF as a financial product to banks and other financial institutions currently using SWIFT. This is separate from the public ledger hence why there isnt a massive pump in price with all these news we've been hearing.
Thats not to say that XRP wont rise in value, because what truly raises an asset's price is all about fear and greed and with so many retail investors there is enough liquidity for the manipulation of prices.
A $10,000 valuation for XRP is most likely unrealistic both technically and fundamentally considering that large institutions can and have interacted with ripple without accessing the blockchain. That being said based on technical analysis XRPs next run is potentially between $6-$8.
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