Ripple (XRP) Futures 2021
The United States Securities & Exchange Commission (SEC) has filed a lawsuit against Ripple. As a result, the SEC classified Ripple’s XRP coin as securities and accused Ripple of illegally offering securities. However, CEO Brad Garlinghouse complained, arguing that XRP is not a security. The value of the XRP coin is independent of Ripple’s performance. However, Ripple may have to suspend operations in the United States if it fails to sign a cooperation agreement with that country.
There is currently no final decision in the United States, but this lawsuit is still having a serious impact on the price of XRP in the market. Because after the SEC sued Ripple, Coinbase – a major exchange – removed XRP from the list. This decision caused a number of other exchanges to suspend trading on XRP as well, causing the price of XRP to plummet.
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XRP price prediction in 2021
Recently, Ripple has made many plans to expand its business, including lending. Specifically, Ripple will provide loans to liquidity customers for use on the RippleNet platform at a low cost. If implemented, this plan will create a new phase in Ripple’s business that will encourage users to actively use their platform for multinational payments. In addition, institutions can also purchase XRP on the RippleNet platform with credit for a fee in the form of preferential loans.
In addition, Ripple is looking for qualified engineers to build a new decentralized platform. When this Ripple news came out, it caught the attention of many investors. Notably, in 2020 Ripple announced partnerships with 8 major banks in India. This unit will continue to enhance cooperation with many other banks in Asia in the future.
Given the current situation and future plans, experts predict that the price of XRP will undergo a lot of changes in the near future. Here are some common predictions:
- Donovan Jolly (director and operator of the popular YouTube channel Investing DIY with many subscribers) predicts that “XRP could go up to 100x or around $30 in the coming years.” To make this prediction, Donovan Jolly uses charts that analyze the past price of XRP and make forecasts for the future. Donovan Jolly’s predictions are believed by many to be accurate and reliable.
- Blogger WalletInvestor predicts that XRP may drop further to $0.1 in 2021. Therefore, investors might consider buying this coin to await future price increases.
- LongForecast also predicts that XRP will drop to $0.26 by the end of 2021 and further drop to $0.15 in 2022.
Should XRP Be Owned or Released Now?
Experts commented on the XRP coin, saying that XRP has many advantages that other competitors don’t have. Issued by large financial institutions, with high liquidity, wide application. Especially in the current environment where financial institutions are starting to pay more attention to the crypto sector. Ripple has the advantage of working with many major financial institutions in many countries around the world and with its forward-looking future plans, the XRP coin offers investors unexpected promise.
However, the SEC case had a negative impact on the price of XRP. Therefore, many experts predict that XRP may continue to decline in 2021. But most expect XRP to be profitable for investors if you have a long-term investment strategy. So should investors buy, sell or hold XRP in today’s environment?
There are always unexpected developments in the crypto market that experienced investors cannot predict. Therefore, before deciding to buy, sell or hold XRP, investors should use technical analysis measures combined with the ability to analyze the market and consult leading experts to make a choice.
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