Although XRP is consistently routing the opposite direction of the community’s potential expectation, Ripple army is betting high on the value of the third-largest cryptocurrency, again. One of the members of Ripple (XRP) community claims that XRP will hit $1 by the end of the September, this very month.
Will Ripple’s XRP Hit $1 by the end of this month?
On the one hand, the crypto community is worried about the plummeting value of the leading cryptocurrencies despite the most-anticipated bitcoin futures contract trading launch on Monday; there’s XRP enthusiast who broke out a tweet, predicting XRP at $1 by the end of September.
However, it remains unclear how well the prediction can turn out to be true – looking at the tough times that XRP cryptocurrency is currently enduring.
$1 #XRP by end of September.
— CryptoBullXRP (@CryptoBull2020) September 22, 2019
However, at the press time, XRP is trading with the tumbling value of $0.27 against USD. The coin is currently capturing the market capitalization of $11,907,189,531, which experienced a decline of 1.24 percent within the past 24 Hrs. Although high prediction looks pretty cool for potential cryptocurrencies but given the current waning XRP market volume, the prediction of $1 by the end of Sept is hard to believe.
Nobody Seems to be Believing
Interestingly, this XRP enthusiast who goes by Twitter handle, XRPBitcoin is the same pseudonym who earlier predicted XRP at $7. It’s just four days ago when XRPBitcoin tweeted XRP at $7 prediction which amassed overwhelming response, but the community’s response is underwhelming to his latest forecast of XRP at $1 within a week.
I think you're cracked out bro. You're going to loose half of your followers by October 1st.
— dacostacrypto (@dacostacrypto) September 22, 2019
On the other side of the coin, parent company Ripple recently celebrated its 7th anniversary and is soon to host its yearly conference Swell 2019 in Singapore. Besides, the San-Francisco based Ripple is onboarding new banking partners and financial entities to its network regularly, and widening its reach.
In fact, as per a well-known XRP community member Steve, Ripple is currently counting 220 customers in its network. Unfortunately, nothing seems exciting the XRP market since the beginning of 2019.
Facts: Ripple has about 220 customers as of now
— Steven Bull From the Diep (@DiepSanh) September 23, 2019
In a nutshell, the price of native cryptocurrency of Ripple, XRP, has remained under $0.30 figure for a long time; however, the community is quite skeptical that Ripple’s Swell 2019 might bring a significant boost to the XRP market and push its value to new ATH (All time high) of the year.
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.