Ripple’s price was in a sideways movement for most of 2017. Even with such an indecisive Ripple price action, our research team spotted bullish indicators leading us to maintain a positive stance on Ripple price for 2018. This article will go over the fundamental reasons as well as Ripple’s chart setup to illustrate our point. In sum, our Ripple price prediction is for a very sharp rise leading the Ripple price many multiples higher in a short period of time.
Ripple Price: A Fundamental Perspective
We believe the following 3 aspects have a positive impact on Ripple’s intrinsic value therefore its future price:
An expanding client list including more than 100 financial institutions and Central banks with pilots with central banks such as the ones in England, the US and Canada.
A solid product built on a highly disruptive technology. Ripple is different than all the other altcoins because it is centralized. Some investors and enthusiasts consider this a weakness. We take the more objective stance of seeing it as a characteristic that differentiates Ripple from other altcoins and is very appealing to financial institutions where there is a need for a certain level of centralization.
Real revenue.
Some examples of the Ripple network used by major financial institutions and companies:
Axis Bank and Standard Chartered are using RippleNet, Ripple’s Plateform to open a $15 billion trade corridor offering fast and low cost payments for buyers and suppliers between India and Singapore.
Axis Bank also partnered with RakBank to offer cross-border payments between UAE and India. Transfers between these 2 countries are said to be in the $12.6 billion annually.
Ripple and the Gates foundation collaboration leading to the creation of Mojaloop Plateform to bank the unbanked and connect mobile money providers.
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