Ripple Forecast for 2021

[Kakashi2020]

What are crypto experts forecasting for Ripple XRP in 2021?

Faced with these pessimistic statistics, what are crypto experts forecasting for Ripple XRP in 2021? Some investors don’t believe that the bearish trend is anything to worry about. The renowned analyst ‘Ronin’ from TradingView believes that the price of Ripple XRP is currently following a wave pattern, which would mean that once the price has hit $0.21 it will start to reclimb. We can see this theory illustrated in Ronin’s graph below: 
There are further indications that Ripple XRP could be in for a more prosperous 2021. In late August 2020, Ripple’s partner, Flare Network, announced that it planned to build a trustless two-way bridge with Ethereum. This would enable applications based on the Ethereum platform to access the XRP ledger, as well as vice versa. By integrating Ethereum’s smart contracts with Ripple, Flare Network will be able to enhance the crypto’s functionality — which could potentially increase the demand for XRP. 

The analyst Robert Art has also been more optimistic about Ripple’s short-term outlook. As Art is rather fiercely pro-XRP, some investors believe his predictions are more bullish than is justifiable given the recent evidence. However, others believe that holding long-term positions on cryptocurrency such as Ripple is the most sensible approach — after all, if the earliest Bitcoin investors had ignored the naysayers and stuck to their guns, they would have seen a staggering return. Could the same be true for XRP? 

Unsurprisingly, the Ripple CEO Brad Garlinghouse certainly thinks so. Back in 2018, he urged any Ripple investors to think in terms of months and years, as opposed to days and weeks, when it came to expecting profits from their investment.  

Brad has pointed out the recent crypto market rally by saying that ‘institutional investor interest is skyrocketing’. Moreover, He also described Bitcoin BTC as a useful hedge against inflation. Regarding Ripple XRP,  Garlinghouse, again, mentioned that XRP is important and useful for payment solutions.

According to Robert Art, the price of Ripple XRP will one day reach $200. Recently on Twitter, he made the prediction that “XRP will deliver better returns than Bitcoin. Why? Bitcoin has 16 times the capital invested in it. Moving $8 billion to $80 billion is a lot easier than moving $140 billion to $1.4 trillion.”

Similarly, the Crypto Coin Society has predicted that the price of XRP will reach $0.95 before the end of 2021, representing an increase of around 325% on its current price. CoinLiker.com is also optimistic about Ripple XRP’s prospects in 2021.