Ripple CTO Explains $1400 XRP Price Analysis! | CoinMarketBag


Of xrp reaching one thousand four hundred dollars many will probably think that the chances of that happening are quite slim is it well if you take into account the probability that the SEC might win there may be truth in that however many legal experts have shared their two cents and stated that judge…

Of xrp reaching one thousand four hundred dollars many will probably think that the chances of that happening are quite slim is it well if you take into account the probability that the SEC might win there may be truth in that however many legal experts have shared their two cents and stated that judge Annalisa Torres of the southern district of New York May release the verdict of the case anytime soon and that Ripple has a high chance of winning note though that chance is the operative word so there’s no guarantee that it will come true people in the xrp community can Only hope for that now although the cases obviously had a lot of effects on xrp and the ruling will definitely affect it further whether good or bad it didn’t stop people from making predictions about xrp’s price in the future still it is important to note that even experts find the company’s Future a bit challenging to predict as the conclusion of the long-standing lawsuit will have a definitive effect on xrp’s price in fact the outcome of the case is expected to have far-reaching effects on the crypto industry which has for long argued that cryptocurrencies are not Securities but rather are Commodities like gold and silver and therefore should not be regulated by the SEC as of mid-april of this year xrp is the eighth largest cryptocurrency with a market capitalization of over 26 billion dollars until January 2019 the digital payment token was the second largest cryptocurrency by market capitalization Ahead of smart contract platform leader ethereum according to data from coin market cap xrp’s all-time high stood at 3.84 cents reached on January 4th 2018.since then the token has been on a downward trajectory hurt by the SEC lawsuit xrp plummeted throughout 2022 and stooped to to a 52-week low of 29.06 Cents in June on the last day of 2022 xrp was trading at 33.99 having lost nearly 60 percent over the year however throughout 2022 Ripple had actually outperformed the crypto Market which was down around 65 percent throughout the year so far 2023 has been a more upbeat Year for both xrp and the crypto Market Ripple surged to a high of 58.04 cents its highest price since May 2022 on March 29th and by mid-april it was worth about 50.75 cents it is currently sitting at 45 cents Ripple CTO David Schwartz recently delved into a discussion on the inverse correlation Between xrp units and price explaining that a decrease in the total number of units would likely lead to a higher price per unit Schwartz asserted that if there were only 50 billion xrp units instead of a hundred billion the price would likely be twice as much however he Pointed out that the cost would also be twice as high for everyone involved Schwartz further explained that reducing the total number of xrp units to an extreme such as 20 million could make the numbers more challenging for humans to comprehend he compared the ease of understanding xrp and Bitcoin BTC prices Noting that it’s easier for humans to grasp the magnitude of 19xrp as opposed to 0.00034 BTC the Executive also highlighted the potential for making costly errors when typing out BTC amounts due to their decimal nature in contrast xrp’s larger unit count makes it less prone to such mistakes so how High can xrp go according to Twitter user crypto assets guy xrp at ten dollars will give you 100K if you hold 10K xrp 300K if you hold 30k xrp 600k if you hold 60k xrp 1 million dollars if you hold 100K xrp and 2 million if you Hold 200k xrp in relation to this Ripple’s xrp’s price is currently consolidating beneath a crucial resistance region inside a neutral pattern others believe that there is a possibility that it may attempt to break out again soon let’s take a look at some of the long-term Ripple price predictions but first remember that Price forecast especially when it comes to something as potentially volatile as cryptocurrency very often end up being wrong also many long-term crypto price predictions are made using an algorithm which means that they can change at a moment’s notice that said let’s get right into Ripple’s price predictions Captain altcoin made an xrp price Prediction for 2030 which said that the coin could be worth 3.88 and also made a ripple price prediction for 2040 that saw it trade at a potential 7.77 meanwhile price prediction suggested that the Ripple price in 2030 could be 8.84 cents digital coin price on the other hand made a ripple price Prediction for 2030 that said it could be worth 5.80 18 cents telegon claimed that the coin could trade at an average price of 25.32 in 2030 before making an xrp price prediction for 2040 of 72.6 cents and an xrp price prediction for 2050 of 125.14 according to smartterium a social Platform for investors and analysts and is considered one of the top sources for ethereum blockchain and cryptocurrencies the price of Ripple xrp could go up to 50 to 75 dollars by 2030.according to the xrp price forecast most experts are sure Ripple xrp will be priced above Five dollars by Twenty Thirty the future xrp long-term forecast might be one of the toughest to determine but a strong business model appears to have been established by Ripple which bodes well for the company a recent analysis from agrag a prominent Market Watcher showed that xrp might be gearing up for a Thirty thousand percent or 300X pump in the foreseeable future agrag’s latest analysis picked up data from the asset’s historical performance which suggests that an end to the bear Market is imminent according to agrag xrp typically ends its bear Market by registering multiple closes above the gaussian channel the pattern has been Observed two times and each time it led to a massive dump before ushering in an impressive rally for the asset in a tweet a few days ago eggregg shared that historical data is showing that xrp completes bear Market by closing multiple closes above the gaussian channel and then dumps and it will Signify the last dump before a pump agrog pointed out that in 2017 xrp registered multiple closes above the gaussian channel before suffering a massive 30 percent dump in the latter part of the year however 120 days after the dump xrp embarked on a massive rally that saw it appreciate by 30 069 from Late 2017 to January 2018.egrak took to Twitter to express how frustrated he was that no one will believe that RP can soar 400x until it is too late be ready to be wealthy was how he ended the Tweet agrak called attention to the fact that Xrp has taken a bigger dump so far than what was observed in 2020 he asserted that the asset may stay in the bearish trend for more than 75 days this means it might take a longer time for xrp to Stage a rally this time around but the Ultimate idea is that it will that said it is really tempting to dip your toes in the water so to speak if the probability of xrp price soaring is high however you should keep in mind that when considering a ripple coin price prediction it’s important to keep in mind that cryptocurrency markets remain Extremely volatile making it difficult to accurately predict what a coin or token’s price will be in a few hours and even harder to give long-term estimates as such analyst and algorithm-based forecasters can and do get their predictions wrong still you can use them for reference but don’t base all your Decisions especially when involving investing your hard-earned money on these predictions analysts do their best to make the most accurate prediction as they can but there are other factors that can affect the price which at times even experts can’t predict the point here is that the risks may be high but The chances of succeeding is a good percentage as well but you have to make sound decisions based on your own research and observations of market trends because yes many early crypto investors who invested wisely and sold at the right time are now millionaires overall many believe that xrp is a good Investment and that may be proven to be true in the years to come but remember to take note of these things look at the latest market trends news Technical and fundamental analysis and expert opinions before making any investment decision and most importantly never trade with money you cannot afford to lose always Remember the phrase high risk High return the chances of becoming a millionaire are high yes but the chances of you going broke if you put all your money in one place is as High make sure to hit the Subscribe button for more Ripple CTO Explains $1400 XRP Price Analysis! In this video Ripple (XRP) is discussed.

See the XRP News, what XRP is, and XRP analysis.Upon that, see the Ripple news and all the latest news about the Ripple vs SEC lawsuit.Ripple is a real-time gross settlement system, currency exchange, and remittance network created by Ripple Labs Inc., a US-based technology company.

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