Why Ripple (XRP) May Hit New Highs Before May 18th

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Ripple (XRP) is seen as one of the best investment opportunities in 2018 and its estimated to rise 10 times its current value. But due to the recent and incredible performance that Bitcoin (BTC) and Ehereum (ETH) are putting on Coinmarketcap to reach their target of $10,000 and $800.00, respectively. Moreover, other currencies are also climbing with this trend, and these give rise to a bigger market which can also help Ripple (XRP) hit $1.00 before Friday, May 18, 2018.

Ripple's fall in market price in January 2018, is allegedly due to the resolution of Coinmarketcap to de-list the coin from the Korean exchange platform by introducing strict regulations for cryptocurrency trading and may even shut down domestic cryptocurrency exchanges.

For the past few weeks, it has been observed that they have always been a market reaction that tends to pull down the value of XRP whenever it gets closer to $1.00, thereby leaving XRP within the range of $0.8 and $0.9. With respect to its current form, we can predict that XRP is capable of raising it to value up to $1.00, due to the competitive nature of the coin market cap, the good run of XRP might burn out, but if not so, it can grow even above $1.00

Reasons why Ripple is estimated to hit $1.00 before May 18th

Irrespective of the fact that transactions can be made within 5 to 10 seconds in the Ripple (XRP) ecosystem, Ripple feels the need to increase the speed of operation, thereby setting a crucial aim of a 1-second transaction, where transactions can be completed in a second.

Recently, Ripple (XRP) management declared that it is in the hunt for partnership with central banks across the globe and its sending partnership proposals. Ripple (XRP) is solidly supporting banking and financial institutions in their quest to provide faster and efficient transactions to it customers.

A rise in the value of Ripple (XRP) is expected by investors, following Ripple's determination to make transactions easier for its customers. This determination is expected to attract huge trading in its system.

Finally, Ripple's partnership with Allvor ledger, cobalt and HyperLedger makes us all confident of better times ahead. Many investors think the Q2 will be profitable to invest in XRP because it will not just hit $1.00 but also create new high since it gives huge returns with minimum risk. Even with these uncertainties, Ripple has still retained its 3rd position in world cryptocurrency rankings and its working very hard to hit $1.00 before the 18th of May.

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Disclosure:

I have received no additional compensation other than the Ethereum that Hade Technologies pays to produce Exclusive content

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