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Ripple (XRP), the world’s 3rd crypto coin by market cap, is declining as the cryptocurrencies market is going through a correction these days.
However, Ripple (XRP) had registered a great start of this week since it announced the development of its new mobile payments app in collaboration with 61 Japenese banks (read more).
Ripple (XRP) price
Ripple (XRP) is on the 3rd place among the crypto coins, with a market cap of $36,018,195,242.
At the moment of this article, Ripple (XRP) is trading at $0.92 registering a 2.16% loss in the last 24 hours.
Yesterday, Ripple (XRP) closed at $0.922 as the XRP crypto coin is continuously declining since March 4th when it has been the last time it closed at above $1 ($1.01).
In fact, Ripple (XRP) has been ranging between $0.90 and $0.99 since February 22nd.
Will the Ripple (XRP) rise?
The latest news on Ripple (XRP) is good for the coin’s future and most probably will positively reflect on the crypto’s price against the USD in the near future.
Besides the recent news about the new Ripple (XRP) mobile payments app developed in collaboration with 61 Japanese banks, the Ripple (XRP) has drawn more and more attention from the banks and financial institutions.
In general, more partnerships means more value for the Ripple (XRP) and, eventually, its price will rise.
Ripple (XRP) price predictions on the long-run
Cryptocurrencies market analysts consider that Ripple (XRP) will stabilize above $1 soon.
On the long-term, specialists predict that Ripple (XRP) will reach $2 by the end of the year.
Much longer forecasts predict that Ripple (XRP) will be trading at $6 by the end of 2023.
Is now the perfect moment to invest in Ripple (XRP)?
According to the cryptocurrencies market analysts, Ripple (XRP) investors can take advantage of the recent Ripple (XRP) decline but shouldn’t expect fast profits since the XRP price will keep orbiting around $1 for some time.
However, even though the Ripple (XRP) is declining now, in the long-run, investors can score huge profits as more and more XRP stability will be brought in by Ripple’s partnerships.