Ripple XRP Prediction 10/01/2018

If you want to get involved in the action you can buy Ripple here.

Ripple (XRP) has been the hottest Crypto over the last couple of weeks briefly topping Ethereum for the second spot in the Crypto charts on Sunday, with a market capitalisation of more than £90billion ($123billion).

However according to CoinMarketCap, since Monday morning the market cap had fallen almost £30billion ($40billion) in just a few hours.

From the graph below you can see the currency is in free fall.

Why do I think this is happening?

CoinMarketCap is the go to website for the latest financial information for all Cryptocurrencies, I land on this website daily. On Monday morning they removed South Korea exchanges from their website because the Cryptos are sold at around 30% premium in South Korea this means the market cap on CoinMarketCap significantly dropped which many think sparked panic selling that still has not settled down.

So where does this leave us?

No major news around Ripple has been released I think panic selling has left Ripple in its current position and it will correct itself,  At it’s current price $1.85 I think Ripple is a good buy. I think this is one to watch and by Friday i’m tipping Ripple to be trading at $2.25-$2.50 with the price recovering from the last couple of days panic selling and investors/traders picking up what is a relatively good deal.

What is your trading experience with Ripple? If you have something to share feel free to leave a comment below.