Can Ripple XRP break through a buck?
Yes, it can, according to deVere Chief Executive Officer Nigell Green. XRP, currently the third largest cryptocurrency after Bitcoin and Ethereum by market cap, is going to gather momentum and its price is likely to reach the key threshold of $1.00 by year-end, he forecast.
His prognostication came amid XRPs recent 100 per cent gain, with other major digital currencies also performing well.
Theres been an immensely positive buzz regarding cryptocurrencies in the last few weeks – with the standout being XRP, Green told Traders Magazine. I believe that whilst the crypto market, in general, will be primarily bullish between now and the end of the year, it will be XRP that will continue to gather the most momentum in this period.
He added that XRP will go on to gain more traction than many of its rivals because of its unique features, technologies and problem-solving capabilities.
Many of these unique characteristics enable it to help businesses, including real estate and tech firms, to save money and speed-up and add more security to transactions, Green explained. This is also why hundreds of financial institutions across the world are already working with XRP – and this is a trend that is set to continue and grow.
In addition, XRP has been positioning itself to become a leading international facilitator of global remittances and inflows, he continued, noting the growth of emerging economies in Latin America, Asia and Africa, all of which are open to using the currency.
The use of XRP is set to increase and naturally this will positively impact its price.I think it is likely that well see it hit the $1.00 price level before year-end. It could even be double this in 12 months time as XRP adoption and usage soars, he said. XRP can be expected to become amajor player in the worlds shift away from fiat money over the next few years.
