The rally has continued on the cryptocurrency market as almost all top 10 coins are in the green zone. Cardano (ADA) and Binance Coin (BNB) are the only exceptions to the rule, falling by 3.37% and 2.10%, respectively.
Ripple’s XRP sales double in Q4
In the last quarter of last year, Ripple sold a total of $76.27 million (net of $45.55 million purchases) to market participants. In Q3 2020, the amount of tokens sold by the company equaled $35.84 million.
According to the report, these sales and leases are performed by the company as part of providing certain Ripple partners and members of RippleNet with XRP liquidity, so that they can improve their ODL operations.
33 market participants have taken restrictive actions against XRP
The report also reveals that after the US SEC announced its legal action against Ripple and two of its CEOs, Brad Garlinghouse, and a cofounder and former CEO Chris Larsen, multiple platforms started taking some sort of restrictive measures against XRP.
The did not delist it but suspended trading XRP pairs. Among them are such crypto exchanges as Bitstamp, Coinbase, Kraken, etc, as well as Grayscale, which shut down their Grayscale XRP Trust.
However, Coinbase customers can still use their XRP wallets for storing the coin or withdrawing it to other platforms or wallets.
Overall, the report speaks about thirty-three such companies.
Regulators ‘need to make up their minds,’ claims Ripple exec
San Francisco-based Ripple has faced its fair share of issues on the regulatory front in the United States. In fact, the company has often cited the lack of an adequate regulatory framework as one of its biggest challenges. However, it would seem that it is facing similar challenges elsewhere as well, most notably in India.
The same was highlighted by Navin Gupta, Ripple’s Managing Director for South Asia and MENA, in a recent interview. He said,
“Regulators need to make up their minds. We have been in continuous discussions with them.”
According to the Ripple exec, he would like to see some clarification from the government on the taxonomy of digital assets and cryptocurrencies in the country. (Also Read: XRP steady growth after a huge PUMP and DUMP)
Ripple price prediction: Rollercoaster ride set to paint $1 on XRP/USD chart
- Bullish Ripple price prediction chugs on as price breaks off the symmetrical triangle
- XRP/USD ends consolidation with a confident breakout above $0.4100
- The support at $0.35 moves higher as bulls increase buying pressure
- Ripple price prediction puts next resistance at $0.45 and $0.50
- XRP whales are swinging the price in bullish territory with massive volumes
Ripple price prediction conclusion: XRP to regain $0.755 level
Bulls are on course to build a giant buying momentum and take XRP/USD into the hallowed $0.7550 zone. Most of the technical metrics support the continuation of the bull trend. As the price continues to post new upticks, the XRP whales will increase the volumes. Investors will return to the XRP fold once the price crosses the $0.6500 level.
The wild fluctuations in the price now seem to have subsided. Thin weekend liquidity may cause some temporary price rise or fall. The price has managed to maintain most of the gains from the recent sharp uptrend. The $0.350 support will cap the downside. Bulls are going to be in charge of Ripple price prediction for the next few session. (Also Read: Cardano (ADA) Price Prediction Overtake Ripple (XRP) Will it reach $1)
What will ripple be worth in 2020?
In one year, the price of the coin is expected to fall to $0.02 by December 2020. In five years, they predict this cryptocurrency to trade at $0.029 in February 2025. TradingBeasts.com prognoses the XRP price to reach $0.361 by the beginning of March.
What will ripple be worth in 2025?
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Will ripple reach $5?
According to all of these predictions, the majority of the companies are sure Ripple will not reach $10. But, the price of $5 is the realistic sum. Eventually, the value $5 will also represent 15x ROI which is actually great.