I have been invested heavily in Ripple since 0.2$ and in today' market it is an incredible 0.75$ so the question is, how much potential does Ripple (XRP) have and when would be the right time to sell?
Firstly, it if worth noting that Ripple (XRP) is a long term investment and day traders should stick to other crypto coins such as IOTA/NEO and Omisego as these could bring the potential daily returns you are looking for.
As a long term investment, Ripple is as good as it gets.
Prediction for close of play (19/12/2017) -
Max Potential - 0.9$ / Best buy rate - 0.70$ -
It has been a turbulent day so far for Ripple and my sources tell me a main Bitcoin investor has sold off a large amount which did send down the prices dramatically but both Bitcoin and Ripple have make a good recovery since.
Still no confirmation on Japanese banks, XRP being added to Coinbase or Amazon/Uber deals which all XRP investors are hoping will happen by the end of January 2018 .
Be aware that XRP currently has -
Coins in circulation - 38,739,144,847
and
Market Cap - 30,543,258,928
So it would be impossible to ever hit a Bitcoin price in my eyes as currently there are only 16,751,362 Bitcoin in circulation so if XRP was to ever achieve this its market cap would be astronomical.
We need to be realistic and long term I see Ripple (XRP) achieving $20-$30 by the end of 2018 and potentially around the $100 mark in a few years so a great investment into future if you buy at its current price.
Swiss bank have yesterday confirmed they will use Ripple technology for instant payments which did give XRP a boost but it seems the pump and dumpers are up to their usual tricks.
More updates to follow...
I am interested in investing in Ripple. Which exchange gets the best price, and which wallet is best suited for it?
I will post a full briefing on this tomorrow as it is dependent on location.
Where are you based ?
I am based in the USA