$XRP RIPPLE on its way back to the moon?
XRP, as many predicted, is on its way back up, but how high can it go? What influences ripple price? Let's do the maths for a 10$ ripple token.
First of all, ripple CEO Brad Garlinghouse doesn't want ripple to be an "expensive" coin. So, a ripple token of 10$, isn't impossible but considering the huge total supply, is highly unlikely. Combined with Garlinghouse's statement it's almost impossible because Ripple holds a large number of tokes themselves so they can easily influence the market.
Secondly, ripple needs a market cap higher than 400 Billion to reach 10$. Which currently is half of the total market cap at its ATH a few weeks ago. Now it is possible. But again highly unlikely since the market would have to grow a significant amount for that to happen.
Third, ripple itself holds 60% of all coins. So, every bank or other partners of ripple buy tokens from that supply which is kept at a stable price, not on public exchanges. And this makes it even harder to push ripple to 10$ because if banks don't influence the market cap, it's all up to individual investors to take it to a 400b market cap. Again not impossible but highly unlikely.
Unless Ripple suddenly becomes nr. 1 used token by all banks across the whole world, we won't see a ripple anywhere near 10$. My estimate is maximum 5$-6$ by the end of 2018. Ripple isn't as decentralized as other cryptocurrencies causing some investors to stay away from the coin in the first place. I am invested in ripple because I do think it'll crawl back up to 3$ but once it does and it hasn't had any major announcements or progress made on the project, I'm gonna take profits and leave ripple.
Trade SMART.
Lopa signing out
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It may hit $3 again?
Only time can tell but I'm pretty confident that it will go back to around 2,70$, maybe not today but in the future probably. For now, just HODL ;)