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XRP Price Prediction: Ripple Price For A Bull-Pull To $1 in 2021?

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johnkammy

XRP is the native token of the network and powers transferring values within the network. The digital currency is tradable for almost any fiat currency or other digital assets, that too with a negligible transaction fee! The XRP token is here to serve a purpose and that is, to facilitate money transfer between any two currencies that takes time and money! 

XRP Price Prediction For 2021

The price of XRP skyrocketed in 2021, despite the legal battle against the SEC and Ripple’s CEO. Although, there has been some good news to XRP HODLers as there were rumors’ of the case against XRP being weak.

The price jumped from $0.2 to more than $0.5 in February and traded above $0.4 until a huge spike rallied the price close to $1 in April. Later, the price eventually hit $1 and reached the yearly highs at $1.9.

From the end of April to the end of May, the price returned to the lows of $0.77 due to the market crash on May 19th. The downtrend continued until July when the price was trading slightly above $0.60. 

The month of August started with a bullish note. The altcoin broke the $1.00 target for the first time in over 60 days. Despite being embattled by the lawsuit from the Securities and Exchange Commission (SEC), the company has recently struck a few important deals. Namely, GME Remittance, one of the largest non-bank remittance service providers in South Korea, announced it has joined Ripple’s payment network RippleNet.

By the end of 2021, being a fast and less costly cryptocurrency, XRP can easily grab many investors. Thereby the price might hit the $2 mark with a bullish market. 

On the contrary, the pre-mined XRP supply can flip the price down. In such a case, the price may decline for a short term near the $0.561 level and may recover within a small time frame. 

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