Ripple Prediction: Can XRP Rise Again? Potential Price Catalyst
The crypto market looks good today, with the most important coins in the crypto space trading in the green.
2020 was expected to be a great year for XRP in terms of pricing and mainstream adoption.
Ripple has been working really hard to boost the complete XRP ecosystem and to push the mass adoption of the coin.
This year, XRP was able to hit $0.33, but the crypto market fell significantly back in March.
Can XRP rise again?
The lack of price traction for the XRP token has people talking over the past few years.
There are a lot of people who invested into the crypto following the bull run dating back in 2017, and they have been on the edge waiting for a surge in the coin’s price to see the profits.
This has not been the case. XRP has been struggling to keep the bears away, according to the online publication Crytpo Daily.
The online publication mentions Kevin Cage, who believes that there is something going on in the crypto industry that could see the price of XRP surging again.
He pointed out the fact that there are more than 8 billion tokens of XRP left in the open market and they available for purchase.
A Twitter user mentioned by the same online publication gave the following answer to this:
This is the most important XRP tweet today
They are almost out of available XRP to purchase.
There will be a point where they have to buy from THE PEOPLE… the price will launch when they buy XRP off public exchanges
It’s almost time💪🏼 https://t.co/j4989ixYpH
— The Bearable Bull (@thebearablebull) April 14, 2020
Stay tuned to find out more about the price of XRP these days.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.