After the recent dip in Ripple price, this article is predicting that Ripple will go down further before it goes up again. The article posits that the market is waiting for a sign of weakness from Ripple and may translate into more negative news about XRP. In short, don’t let the current price of Bitcoin and other cryptocurrencies discourage you to invest in this asset. The value will not stay at these levels forever and a lot of people are already switching their investments to cash out or diversify their portfolio to get some profit as soon as possible after the dip. After the recent dip in Ripple price, this article is predicting that Ripple will go down further before it goes up again. The article posits that the market is waiting for a sign of weakness from Ripple and may translate into more negative news about XRP.
Ripple price Prediction;
When Ripple first started to dip, many people were expecting it to go lower than its current levels. According to market experts, Ripple has almost reached its bottom. The main argument against this prediction is that the cryptocurrency is a long-term investment and has been showing a lot of development over the past few months. The underlying technology of the asset may remain strong and provide enough for a massive global adoption in the future. However, the XRP price may not get so low after that as many people are expecting; this may be because it will be used as a currency by institutions instead of being bought by speculators who want profit without caring about anything else.
What is the reason for the recent dip in Ripple?
According to experts, one of the main reasons for the dip is that its value could be manipulated by speculators and manipulators. Although Ripple has big names behind it, most people prefer to buy Ripple from exchanges because they think that this is better than mining or purchasing XRP through more expensive services. The key issue is that these exchanges are not so secure as in case of mining or using more costly methods such as buying Bitcoin directly through applications like Coinbase or GDAX. The new generation of exchange platforms such as Binance has been adding new features quickly while others have been focusing on security, which makes it hard to predict what will happen next.
What is the future of Ripple?
In general, the price of XRP may go down further before it goes up again. However, experts believe that this dip might just be part of a bigger operation by the market to show that XRP has value after briefly losing it at some point recently. The market may use this to convince institutions to buy more, which will give a new boost to the price just like it did after the Bitcoin bubble crashed. Once the new investor base gets the hang of Ripple, there will be another run at a high value of XRP.
It should be noted that Ripple is not in competition with Bitcoin and other cryptocurrencies; however, there is sure to be another bubble just as when Bitcoin was first adopted by institutions. The XRP price will go up even higher than its current level if it was merely adopted by institutions. It is also possible that there will be a new boom after people get tired of jumping from coin to coin and start to focus on something that can only grow continuously.
Should I buy Ripple now?
Because the market is trying to make it look like the XRP is losing value, there will be another run at a lower price after the bubble has popped. The XRP price may go down further depending on how well or badly the market can manipulate this coin; however, the main focus should be on Ripple as a technology with huge potential. It is not a good idea to buy Ripple at this point because it will be better to wait for the next dip before buying XRP. However, if you already have some XRP then there is no need to sell it because the price will go up again after the initial dip. We may now even see a decrease in FUD about Ripple as people are starting to see what the real use of this technology has in store for them.
