The speculation that by the end of this year Ripple will hit five dollars ($5) indicates 15x ROI. But there are chances that this will happen owing to different reasons.
The first and foremost is the massive adoption by the banking sector as this coin ensures fast and cost-effective transaction system.
Therefore, almost 100 financial institutions have already made a collaboration with ripple. The collaboration with BankDhofar is a renowned example. Ripple has confirmed that in the near future it will collaborate with banks in Germany.
The second reason for the surge in the price of ripple can be its partnership and collaboration with different firms as it has advanced distributed ledger technology.
The recent collaboration with flutter wave is the most important example as it allows the access of blockchain technology to Africa for the first time. Another prime example is integration on Moneynetint which is a UK based money firm. Also, there is a recent initiative of providing the facility to the users to buy the coin easily by using credit cards and buying XRP on Binance.
Ripple is becoming the fastest transaction platform as it can process up-to fifty thousand (50,000) transactions in a second and a lot of corporations are now subscribing the xRapid package of ripple for effective transactions.
The chief cryptographer of ripple David Schwartz elaborated that Ripple provides an uninterrupted connection among different payment systems and therefore, a large number of people are adopting this coin.
We have also written a dedicated guide on how to mine Ripple (XPR), check it out here.
The CEO of the Ripple, Brad Garlinghouse, is hopeful that the price of ripple will surge owing to the collaboration of ripple with different financial institutions. A renowned website InvestingHaven analyzed that by the end of this year the coin will achieve twenty dollars ($20) easily. OracleTimes estimated five dollars ($5) by the end of this year.
The technical indicators are showing different results. The Weiss ratings gave a “buy note” to Ripple. Riptonair also indicates towards buying signal for the investors. Cryptogabri shows that XRP is striving to achieve 0.000060 BTC resistance.
If there would be ten percent per month increase in the price, then the price of ripple will be one dollar ($1) at the end of the year. As the crypto-market is volatile so, fluctuations can happen at any time.