Ripple Price Forecast: XRP Posts Strong 6% Gains Against Bitcoin

ripple pricesAfter a week of Bitcoin pounding other cryptocurrencies into the dirt, Monday morning brought a much-needed dose of poetic justice.

The Ripple to USD exchange rate is around $0.205670, or roughly 1.7% higher than it was 24 hours ago. Meanwhile, the Ripple to Bitcoin rate appreciated 5.83% to 0.00002838 BTC.

The value of one XRP token to one BTC token might seem awfully small right now, but that shouldn’t matter to investors. Percentage gains are what you’re looking for.

For instance, if you put $10,000 into a penny stock worth $0.25 per share, you would only need it to reach $0.50 to have doubled your money. By comparison, a $200.00 stock would have to reach $400.00 for you to double your money.

Either way, the $10,000 becomes $20,000 (regardless of whether the unit price is $0.50 or $400).

Generally speaking, it’s easier to grow from a lower base. That’s what makes penny stocks so attractive to investors. There is a psychological component to investing, and that part of it should not be ignored if you want to make money in capital markets.

ripple price forecast ana analysis 6 nov chart

Nevertheless, the long-term direction of prices is driven by fundamentals…

…and XRP’s fundamentals are great.

For example, Ripple is currently establishing a foothold in the Asia-Pacific region. Its outposts in China and Singapore were formed to create lasting partnerships over there, which is key to disrupting the market leader in settlement technology: SWIFT.

As far as we can see, this means that ledger volume could double or triple over the next year.

Analyst Take:

We firmly believe there is a fundamental case for our $2.00 Ripple price prediction. All that remains is for rising XRP prices to induce a series of positive Ripple news stories, which in turn would raise investor awareness of the currency’s long-term trajectory.