Ripple’s native token XRP is rallying in the charts this week and touched a new monthly high of $0.60. The leading altcoin is attracting heavy bullish sentiments after Bitcoin climbed above the $62,000 mark on Wednesday. XRP received a large inflow of investments this week as its 24-hour trading volume hit a peak of $3.6 billion. The influx of funds made the cryptocurrency head north delivering handsome returns to investors.
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Now that Ripple’s XRP is in the green, a leading price prediction firm made a bold forecast on the cryptocurrency. The price estimates for the leading altcoin are rosy and investors can make good returns if the forecast turns accurate. In this article, we will provide a price prediction on how high XRP could trade in the next 12 months or more.
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Ripple: XRP Predicted To Rise By Another 200%
The Finder’s panel of cryptocurrency experts predicts that Ripple’s XRP could rise by 200% from its current price of $0.60. According to the Finder’s panel, XRP could sustainably scale up in the charts to reach the $1.73 level in 2025. That’s an uptick and return on investment (ROI) of approximately between 170% to 200% from its current price.
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The leading cryptocurrency on-chain and price prediction firm Finder remains bullish on Ripple’s XRP giving the altcoin a positive outlook. “The prices of XRP would grow higher in the long term as Ripple’s payment and exchange facilitating technology is supported by strong banks and financial institutions,” said Shubham Munde, Senior Research Analyst at Market Research Future.
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Read here to know a price prediction on when XRP could reach the $5 milestone. At press time, Ripple was trading at $0.60 and is up nearly 3% in the 24-hours day trade. However, DXRP is down close to 83% from its all-time high of $3.40, which it reached in January 2018.