The stock markets, particularly the foreign markets, are volatile and may fall significantly in response to unfavourable issuers, policies, markets or economic changes.
Ripple (XRP) often makes the news. It's traded a lot on a daily basis and its value has increased significantly in recent years. What can we expect from Ripple (XRP) in 2021?
Ripple Price Prediction
Having a productive quarter, the XRP price chart shows a less volatile movement at this time. Yet, as we can see, XRP reached its year-high value in February at $0.33. It, later on, experienced a massive dip of $0.13 during the Crypto Black Thursday phenomenon.
Favorably, XRP's chart also displays the +136.04% growth rate of the crypto from its bearish price last March to $0.25 this November. If this bullish position remains, we can keep our Ripple price prediction at a price of $0.5 before the year ends.
More so, we are stretching our XRP price prediction to $1 - $1.5 in 2021, if the market continues to favor the crypto.
Ripple (XRP) Price Analysis
To be able to understand future predictions of Ripple's XRP price, we will first look at how the cryptocurrency has performed on the market so far. Have past price predictions been proven correct?
Dogecoin has become the center of attraction for quite some time now. The currency which came to the limelight through memes is now seeing more remarkable improvement in its price.
Elon Musk has thrown his weight behind Dogecoinmany times and it is not a secret now that he wants to take it to the next level. His tweets about the Shiba Inu face-themed currency, now have a staggering market cap of Rs. 2.1 trillion.
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