Can XRP Ever Hit The Predicted $589 Price Level?

[highnayem34]

Bitcoin Started At $0 And Reached $20k, Can XRP Ever Hit The Predicted $589 Price Level?

XRP, the number three cryptocurrency by market capitalization has not had it easy in 2019 despite the current market recovery. It is quite a challenge for the cryptocurrency and its holders as the future growth of the asset remain uncertain. Some analysts even say it is not likely that XRP will exceed a few hundred dollars at the highest attainable price.

However, an early cryptocurrency adopter Crypto Bitlord says XRP has the potential to hit $589 in the future. He compared XRP to how Bitcoin started, saying “Bitcoin started at $0.00 and it went to $20,000!” and the same future awaits XRP. See more for yourself here.

To compare XRP against Bitcoin I think it's not right, they're of different technology and purpose. "Bitcoin operates on a public blockchain ledger that supports a digital currency used for payment for goods and services, while XRP is mainly a payment settlement, asset exchange, and remittance system that works more like SWIFT, a service for international money and security transfers that is used by a network of banks and financial intermediaries." According to investopedia.com.

I do not know anything about this because in cryptocurrency market everything is possible. But for ripple it needs time to achieve this milestone. Let's see what it brings in the near future.

[sky20]

In crypto currency anything can happen. Anything will be possible. But in my prediction $589 is not possible with in 2-3 years.

[river]

Ripple is strong cryptocurrency platform this is the popular altcoin it connected with many banks but still ripple price is too low and this year ripple is struggling to up currently the price of ripple is $0.24 so in future this coin will touch $5-$10 .

[Senin]

More recently, ripple competed with the ethereum coin in terms of capitalization and they fought for the second place in the CoinMarketCap table, periodically changing each other. Now the capitalization of ethereum is $ 41.8 billion, while ripple is hopelessly behind in this with a capitalization of $ 10.9 billion.
Of course, ripple has good growth prospects, but now its price is $ 0.24 and it is very far from the projected $ 589.

[Ransow]

The price of the ripple is too low so ripple market capitalization is low than USDT actually third place is the favourite place of the ripple I hope ripple will recover soon hereby we can earn quick profits from this coin but my prediction this year ripple will touch $1.

[Salman Hasan]

The price of the ripple is too low so ripple market capitalization is low than USDT actually third place is the favourite place of the ripple I hope ripple will recover soon hereby we can earn quick profits from this coin but my prediction this year ripple will touch $1.

[syedrasool2011]

Yes thats right what you say but check total suply of ripple what i think ripple will cross 50$ when btc touch 50k.

[DAMKAR]

The price of the ripple is too low so ripple market capitalization is low than USDT actually third place is the favourite place of the ripple I hope ripple will recover soon hereby we can earn quick profits from this coin but my prediction this year ripple will touch $1.

I agree, I also predicted XRP ripple will touch $ 1. I don't believe It will touch $ 589. It is so far mate. We all know the altcoin progress now, I see ripple is still struggling, this coin is going recovery after crash. But I see many people is still enthusiast with this coin.

[Ace H Knows]

Thats was impossible to happen and even not happen in the future because XRP has a huge total supply that's why it's impossible to reach that price. $589 per XRP that was insane.

[Altcoin1998$]

I think it's really hard to get to that price. Ripple price to reach 5-10 $ is more reasonable.

Impossible. I do not believe and follow some bull and null stories.

[syedrasool2011]

Ripple has to burn 70% of supply after that will touch 1k easy.

[Mbah Jenggot]

I think it's really hard to get to that price. Ripple price to reach 5-10 $ is more reasonable.

Impossible. I do not believe and follow some bull and null stories.

I think ripple touch $ 1 is more reasonable. I think It will happen at early next year, maybe at January or February the next year. I don't think ripple could hit 5-10$, maybe It will happen at three years again. perhaps..

[jonathancool220]

Do not expect XRP to reach the price of 589 USD because Ripple is sold every month to the market for a total value of 20,000,000 RIpple.

Many stories such as being detected from the Jed McCalleb wallet were issued and entered into the Coinbase exchange account.
So RIpple cannot go up in price fast because Ripple is always being dumped by its Devs every month.