Bitcoin
BTC$42 692.93

-2.10%

Ethereum
ETH$2 955.85

-4.21%

Cardano
ADA$2.16

-4.60%

Tether
USDT$1.000474

-0.01%

Binance Coin
BNB$337.66

-3.90%

XRP
XRP$0.924905

-2.55%

Why is XRP not growing?


#XRP

Why is XRP not growing despite the company's success?


Cryptocurrency assets traded yesterday in different directions. Bitcoin has grown significantly to the resistance of 5600 dollars, Ethereum has reached 173 dollars, and the price of XRP fell to the level of 0.3230 dollars. The total capitalization of the cryptocurrency market increased to 184 billion dollars. Bitcoin has grown since mid-December by 75%. At the same time, the Ripple token (XRP) showed an increase of only 15% over the same period. Why is the cryptocurrency is not growing, despite the many successes of the company Ripple to attract new partners?

A range of crypto experts suppose that as support from the World Bank and the IMF continues to grow, Ripple’s business, as a company, will surely improve, and holders of XRP coins will have the possibility to make good profits. In theory, this may be so, but the mood of the XRP community suggests otherwise. Many crypto enthusiasts argue that Ripple and XRP are fundamentally different things with a minimum of common features. It is obvious that cryptocurrency investors should distinguish between Ripple and XRP clearly in order not to get into the trap, hearing about the Ripple's success, and buying a cryptoasset XRP. XRP is a digital financial asset that is being traded on its own. And Ripple is only a company, developing the XRP software, that owns a large amount of XRP coins. This clearly dictincts Ripple and XRP as two separate structures.

Bitcoin reached a five-month high and added about 8% over the past seven days. The growth of quotations was accompanied by a significant increase in trading. The market capitalization of the main cryptocurrency is now 98 billion, the dominance index is 53.2%. The largest cryptocurrency exchange Binance reported yesterday about the successful migration of Binance Coin tokens from the Ethereum network to its own blockchain. Tokens of the previous standard can still be credited to Binance, after which they will be automatically converted to the new standard. It is noteworthy that the price of Binance Coin did not react to this event, moreover, the token slightly decreased following the results of trading on Tuesday.

The Financial Services Agency of Japan began an unscheduled check of two cryptocurrency exchanges for compliance with customer protection and law. In addition, the regulator examined the application of measures to counter money laundering and found them insufficient. Earlier, Japanese police said that the country has increased 10 times the cases of money laundering through cryptocurrency. In the near future, the Japanese regulator will check other cryptocurrency exchanges in the country.

In our forecast for today, we assume further Bitcoin growth to the levels of 5630, 5650 and 5680 dollars, strengthening of Ethereum to marks 175, 177, 180 dollars, and the restoration of XRP to the levels of 0.3250, 0.3280 and 0.3300 dollars.


Related

XRP Price Prediction for 2025 and 2030: The Resurgence on the Back of Banking Crisis?
XRP Price Prediction for 2025 and 2030: The Resurgence on the Back of Banking Crisis?
Ripple (XRP): Struggling With the Same Resistance
Ripple (XRP): Struggling With the Same Resistance
Ripple (XRP) Remains Range-Bound Despite the Brief Rally
Ripple (XRP) Remains Range-Bound Despite the Brief Rally
Ripple (XRP): Predicted Fall After Double Top
Ripple (XRP): Predicted Fall After Double Top
Ripple (XRP): The Third Attempt at $0.3 Was Also Futile
Ripple (XRP): The Third Attempt at $0.3 Was Also Futile
Ripple (XRP) Is Close to Macro Resistance
Ripple (XRP) Is Close to Macro Resistance
Ripple (XRP): The Bears Remain in the Driving Seat
Ripple (XRP): The Bears Remain in the Driving Seat
Ripple (XRP) Got Pushed Down By Tether
Ripple (XRP) Got Pushed Down By Tether
Ripple (XRP): The Worst Performer that Still Rises Higher
Ripple (XRP): The Worst Performer that Still Rises Higher

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap Volume 24h
1 Bitcoin (BTC) BTC Bitcoin predictions 78.8% 36 $42 692.93 -2.10% -1.96% $803 819 282 603 $30 748 553 485
2 Ethereum (ETH) ETH Ethereum predictions 73.2% 51 $2 955.85 -4.21% -2.12% $347 903 077 176 $19 101 897 139
3 Cardano (ADA) ADA Cardano predictions 63.2% 75 $2.16 -4.60% 4.25% $69 295 841 075 $3 084 135 333
4 Tether (USDT) USDT Tether predictions 92.8% 1 $1.000474 -0.01% 0.05% $68 575 451 500 $70 240 814 218
5 Binance Coin (BNB) BNB Binance Coin predictions 65.2% 65 $337.66 -3.90% -7.26% $56 773 744 460 $1 538 043 078
6 XRP (XRP) XRP XRP predictions 72.8% 49 $0.924905 -2.55% 0.68% $43 209 372 694 $2 970 626 231
7 Solana (SOL) SOL Solana predictions 67.6% 66 $138.70 0.05% 0.31% $41 252 366 694 $2 837 656 739
8 USD Coin (USDC) USDC USD Coin predictions 95.2% 1 $1.000334 0.01% -0.01% $31 130 094 542 $3 148 284 594
9 Polkadot (DOT) DOT Polkadot predictions 68.8% 69 $27.73 -5.72% -2.87% $27 388 621 521 $1 694 336 627
10 Dogecoin (DOGE) DOGE Dogecoin predictions 66.8% 70 $0.200964 -3.44% -4.38% $26 418 834 354 $858 880 050
11 Terra (LUNA) LUNA Terra predictions 68% 60 $37.85 6.16% 36.72% $15 139 928 160 $1 669 613 943
12 Avalanche (AVAX) AVAX Avalanche predictions 60.4% 84 $67.15 -0.78% 13.01% $14 791 554 871 $1 240 824 478
13 UniSwap (UNI) UNI UniSwap predictions 67.6% 70 $22.37 -7.77% 5.86% $13 679 594 706 $1 145 133 068
14 Binance USD (BUSD) BUSD Binance USD predictions 94.8% 1 $1.000184 0% 0.01% $13 517 674 906 $5 035 296 123
15 Chainlink (LINK) LINK Chainlink predictions 64.8% 70 $23.21 -6.39% -2.06% $10 559 720 262 $1 106 271 150

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2021 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.