We use cookies to give you the best online experience. But I won't be one hoping for a recession anytime soon. Ripple's XRP price will 100% reach levels in the hundreds of dollars in the coming years. And doing it very, very well. Dash FastPass Rollout Across Top Cryptocurrency Exchanges Sparks Bullish Surge, Christine Vasileva Stefan has been writing articles for DCForecasts since 2016 in-house full time. However, such a prediction should be taken with a grain of salt as there is no solid indication to support it. As soon as XRP reaches $1, the correction phase may enter. Ripple continues to be locked out and the courts will decide to establish the status of XRP so there’s no official announcement on the position of the courts. By Hassan Njie August 26, 2018 Digital Currency No Comments. XRP as a “security” further hurts the U.S. businesses while global comps will continue to make these markets. UK’s FCA) treat XRP as a currency /commodity. Right now, however, owning XRP is a major risk and the asset could be seen as an unregistered security. It’s Back, Federal Judge Merges Two Cases Against Ripple. Currently, the RippleNet ecosystem does not require owning or transfers in XRP. Trading is also subdued, with volumes of $1.77 billion in 24 hours. Some proponents of Ripple’s case see XRP explode to an extraordinary price of $589 if it’s assigned commodity status, although no supporting evidence has been provided to back up the crazy … XRP Becomes A Hot Commodity. It’s even possible that it could break the $1 mark that seems elusive. However, if the company gains support from the investment giants, the XRP rate can change its direction to a new bull run. XRP price history. Putting Ripple’s official position aside, the leading arguments XRP bag holders (and Saudi Arabian XRP bots) endlessly regurgitate on Twitter are (i) Ripple didn’t create XRP, (ii) FinCen’s 2015 ruling suggests that XRP is a currency, and (iii) regulators in other countries (e.g. Amid Ripple (XRP) token’s recent price surge that made headlines everywhere, whether the cryptocurrency and technology firm will stay in the US despite the lack of clear regulations still remains in question. XRP, Ripple’s native utility token, has been stuck under $0.25 for a number of months now, as traders wait for bullish news to arrive. I consent to my submitted data being collected and stored. DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. Ripple’s Official Statement On The Reserve: The XRP Ledger applies reserve requirements, in XRP, to protect the shared global ledger from growing excessively large as the result of spam or malicious usage. Boasting a community of over eight million people, eToro is one of the leading global trading and investment platform – and it specialises in cryptocurrencies. Could you be next big winner? The company is trying to defend itself from a class action lawsuit by early investors, who claim to have been offered XRP with promises of future gains. Ripple was fighting the case that the asset is not resembling security and it is possible to exist outside of the definition of the Securities and Exchange Commission. “What happens to the price of #Bitcoin if the sec alleges that it is a security?” After close to three years of indecision, the US SEC finally went after Ripple last week for conducting illegal securities token sales with XRP. XRP has fought for acceptance and is viewed as a wildcard in the world of crypto, possibly bouncing off its current lows. XRP has moved slightly up in BTC terms, from lows of 2,500 Satoshi to above 2,700 Satoshi. What does the future hold? Now, the discussion on whether the asset is a commodity or not, is returning. According to another XRP twitter proponent, Jungle Inc, he believes the asset could rise as high as $692 per coin based on the expectation that all international payments in the future will use XRP. XRP, Ripple’s native utility token, has been stuck under $0.25 for a number of months now, as traders wait for bullish news to arrive. XRP, a coin which not only saves banks and companies billions over time. If it is not declared a security, it will probably get listed on Coinbase and it will skyrocket. XRP should be classified as a digital commodity, or something similar, so it could fulfill its role of being a bridge currency between fiat. The $589 price is derived from the expectation that a legitimate usage of XRP will mean the coin displaces Bitcoin (BTC) in terms of market capitalization. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling. If #XRP will be classified as a commodity then the price will hit $589+ in minutes! XRP as a security also means other assets will meet the same fate. But if XRP is declared a commodity, you know where the price could go. Xrp price goes sideways until new SEC chair says BOO - then it gets dropped and MOON Or if it goes to court 2 years of more sideways/falling wedge, then declared official as a security And then the SEC spends the next 6 years going after all the other coins that are probably securities because they have case law with XRP , wasting time for pennies on the dollar from founders - stifling innovation … #xrpthestandard, The tool for the financial industry… pic.twitter.com/w5nnHQLtWM, — JackTheRippler (@RippleXrpie) January 14, 2020. If #XRP will be classified as a commodity then the price will hit $589+ in minutes! At the time of writing, XRP is changing hands at $ 0.29. And to make trading even more straightforward eToro has two pioneering tools – CopyTrader and CopyFund – that are game-changers for crypto investors of all levels. The company now tries to defend itself from the class action lawsuit by early investors who claim they were offered coins with promises of future gains. Ripple Price Prediction 2022. The Bitcoin fund, available to institutional investors on the traditional stock market, has... 2020 was the year of DeFi, not just in terms of the explosive price increases – but the technological advances and support from public figures. Investors that enter the cryptomarket will inevitably discover that it's necessary for them to determine, on their own, what the future may bring, given different circumstances, risks, and contingencies. Read more on our about us page for details. 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However, dramatic price moves are still not in the near future for the asset. Share your thoughts in the comments section below! If this happens, the XRP price prediction 2019 will be dramatically impacted. To be honest, first when I saw that video I thought he was crazy. Some XRP proponents reckon XRP’s price would climb to as high as $589 if XRP was declared a commodity. If a recession occurs, expect XRP to increase since people will want to invest in a stable cryptocurrency that, under normal conditions, would rarely increase in price (Like a commodity like gold in the "real world"). Contents. As of today, once you deposit 20 XRP, these cannot be withdrawn, something that may or may not change in the future. I’m just waiting to see if Jungle’s $692 price prediction will come true. The second allows users to diversify their portfolio…, Buy gift cards/mobile Top Ups with Cryptos, XRP Forms Crushing Textbook Reversal Sign After 30% Explosion, Last Time This Signal Appeared, XRP Dove 35% Against Bitcoin. DC Forecasts provides a comprehensive source of the latest news about cryptocurrency news daily. Earlier this week, a federal judge ordered a case against Ripple and its CEO Bradley Garlinghouse be consolidated with a class action led by Bradley Sostack. Yes, according to our forecasts, the XRP price is going to increase. Ripple, Inc. now awaits the decision on an order to dismiss the claims, which would translate into a court order stating that Ripple did not mislead its investors into buying a security. But one of the problems is the status of the actual asset. Even if XRP is a security in the US, Ripple will thrive. At the time of the announcement, XRP was in the midst of a long-overdue rally aiming to reach $1 and beyond. The US courts will decide whether Ripple’s utility token XRP that has been stuck below $0.25 is a commodity and will put an end to the ongoing lawsuits as we are reading further in the ripple news below. In conclusion, whether XRP is declared a security or not, has no long-term adverse effect on the digital asset. The discussion on whether the asset is a commodity or not returns. XRP’s status is still open to discussions but the potential to call it a commodity came right after the Commodities Futures Trading Commission appointed the status of the Ethereum altcoin while some of the proponents of Ripple’s case believe that XRP will reach a huge price of $589 if it’s assigned commodity status with … The status of XRP is still open to discussion, but the potential to pronounce it a commodity arrives after the Commodities Futures Trading Commission appointed the status to Ethereum (ETH). For now, there is no official announcement on the court’s position. 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