After a rapid rise in the previous four months, the cryptocurrency market entered a correction. In addition to China, as well as Elon Musk, the US regulator SEC adds some troubles. The exchange rate of one of the most capital-intensive digital currencies – Ripple can not find a foothold. The SEC constantly provokes bears by threatening of the issuer of the cryptocurrency, the blockchain startup and money transfer company Ripple. Investors have historically reacted painfully to the tightening of state control, so they have reduced investments in other cryptocurrencies. Only bitcoin, which is already perceived as a protective asset, has shown some stability, and comparing to most of the top-20 digital assets, gains weight.
Ripple is not like the others: why XRP is different
The Ripple project is a very distinct one. The entire amount of the XRP stock was immediately issued as XRP tokens, which ended up in the hands of the founders. Thus, unlike most other cryptocurrencies, ripple is not decentralized. “The project management has been accused of price manipulation more than once. This time, the essence of the SEC’s claim is that the founders sold their tokens for several years, which the regulator considers a security, which means that the founders of Ripple conducted illegal activities”,- notes Mark Green. If we look through his XRP price prediction, Mark Green believes that the fine can amount to hundreds of millions of dollars.
At the end of the altcoin season 2021, the market capitalization of XRP was over $68 billion, just after BTC, ETH and BNB. Since the beginning of the year, the price of the coin has increased by 500%: from $0.23 to $1.6. However, despite the huge popularity of this cryptocurrency, many users do not know the key facts about it: for example, how XRP differs from Bitcoin and Ether and why it is incorrect to call it Ripple. XRP has a loyal fanbase and a lot of truly unique qualities which makes it an advanced and practical asset.
Ripple Price Predictions for autumn 2021- winter 2022
- Ripple exchange rate prediction for November 2021. The exchange rate at the beginning of the month is 0.81 dollars. The maximum rate is $0.81, the minimum is $0.67. The average rate for the month is $0.75. The Ripple exchange rate forecast for the end of the month is $0.72, the change for November is -11.1%.
- Ripple exchange rate prediction for December 2021. The exchange rate at the beginning of the month is 0.72 dollars. The maximum rate is $0.90, the minimum is $0.72. The average rate for the month is $0.80. The Ripple exchange rate prediction for the end of the month is $0.84, the change for December is 16.7%.
- Ripple price prediction for January 2022. The exchange rate at the beginning of the month is 0.84 dollars. The maximum rate is $0.84, the minimum is $0.66. The average rate for the month is $0.76. The Ripple rate forecast for the end of the month is $0.71, the change for January is -15.5%.
- Ripple exchange rate prediction for February 2022. The exchange rate at the beginning of the month is 0.71 dollars. The maximum rate is $0.88, the minimum is $0.71. The average exchange rate for the month is $0.78. The Ripple exchange rate prediction for the end of the month is $0.82, the change for February is 15.5%.