Ripple Price Forecast and Analysis – August 17, 2017
Ripple Price Forecast As expected, XRP prices took a cautiously bullish step yesterday, rising 1.03% on Ripple news about an expansion to China, the world’s largest market.
Volatility in Ripple prices appeared to ease during the early morning hours, although that might be because fewer tokens exchanged hands this morning than they did last night.
Ripple Price Forecast
While that lower volatility reduces the chance for spectacular one-day gains, it likely gave Ripple investors some confidence after a week of hard losses. Bitcoin has been sucking up all the air in crypto markets lately, having successfully ploughed through its currency split.
Nonetheless, this bullish run for Bitcoin has come at the expense of our Ripple price prediction.
Important pieces of news—such as Ripple’s expansion into the largest market in the world—do not seem to have penetrated the valuation of XRP prices.
Additionally, reactions were muted to Ripple’s experiments with the “Lightning” network. No one batted an eye when the company successfully combined Lightning payments with its “Interledger” protocol (which is basically a settlement system between all ledgers, permissioned or not).
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