XRP falls by 15%, but long-term price forecast remains optimistic

Despite XRP falling by 15% in the past month, hovering around $0.52, some analysts and institutions remain confident in its future value. The Czech cryptocurrency exchange Changelly predicts that the price of XRP could rise to over $0.65 by the end of January, reach $0.72 on February 1st, then start to fall, dropping to $0.55 by February 27th. Changelly is very optimistic about long-term performance, predicting that the price of XRP will be $1.25, $1.84 and $2.70 respectively in the next three years. In addition, they predict that by 2050, the price of XRP will reach an astonishing $594.

 

Twitter user Dark Defender stated that XRP successfully broke through resistance at $.5286 in recent days indicating a potential short-term increase to $.60 and further rising towards a Fibonacci target of $1.88. Furthermore EGRAG CRYPTO predicts that XRP's price may surge to as high as$1:40 this April before setting a new historical high at five dollars. It's worth noting Ripple plans for a significant trial with US Securities Exchange Commission (SEC) on April 23rd which could impact both prices for XPR and trends within entire cryptocurrency market.