Ripple. Transactions analisys and forecasting
Review
The price of XRP increased by 250% in the first months of 2021.
But the figures in March still do not reach the level of December 2020, when the price is 58 cents. And all this because of the conflict with the SEC.
In late December, Coinbase announced the cessation of trading in this cryptocurrency, which led to a fall in the ripple by 32%.
Capitalization reached 25 billion at the end of March 2021.
The number of transactions in recent months has remained somewhat stable in the range of 1-1,1 millions per day.
Scripts
Based on this, the most likely scenario is further fluctuations in the range of 0,5 - 0,6 dollars.
An optimistic scenario is possible, provided the number of transactions increases and the price of bitcoin rises, which could lead the market to a new capitalization record.
The price of XRP increased by 250% in the first months of 2021.
But the figures in March still do not reach the level of December 2020, when the price is 58 cents. And all this because of the conflict with the SEC.
In late December, Coinbase announced the cessation of trading in this cryptocurrency, which led to a fall in the ripple by 32%.
Capitalization reached 25 billion at the end of March 2021.
The number of transactions in recent months has remained somewhat stable in the range of 1-1,1 millions per day.
Scripts
Based on this, the most likely scenario is further fluctuations in the range of 0,5 - 0,6 dollars.
An optimistic scenario is possible, provided the number of transactions increases and the price of bitcoin rises, which could lead the market to a new capitalization record.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.