Ripple Price Prediction: XRP Stays Above $1 Despite More Crypto Scrutiny

rippleRipple News Update

Regulators in Europe and China fired another salvo against cryptocurrencies this week, warning of “high risks” associated with crypto investments. Investors refused to take the bait.

Despite their worst intentions, bureaucrats in Brussels couldn’t knock the cryptocurrency market cap below $400.0 billion. Nor could they move Ripple (XRP) prices below $1.00.

Ripple (XRP) Price Chart

ripple price chart for 13 feb

Is this the new normal?

It wasn’t so long ago that XRP prices trembled at the mention of increased regulation. In fact, the XRP price crash in January began when South Korea entertained tighter controls on cryptocurrency trading. We’re just supposed to forget that happened?

Apparently, so. Of course, it’s not possible to know for sure within this time frame. But it certainly looks like XRP investors sprouted a backbone overnight, given that they’re standing tall against an onslaught of oppressive comments from regulators. Here’s a quick reminder, in case you missed it:

Even after this flurry of bad news, Ripple prices remained relatively upbeat. At the time of writing, the XRP to USD exchange rate was $1.05.

Analyst Take

January was not an easy month to “hodl” through. Now, however, the market looks much more like October 2017, when prices moved sideways for weeks on end, gathering steam for an epic bull run. As such, we maintain our $10.00 Ripple price prediction for 2018.