After the watershed year of 2018, many cryptocurrency investors think that the year 2019 can provide a significant amount of momentum to cryptocurrencies. The top on that list is Bitcoin. That is why many investors believe that it can rise significantly in the year 2019. There are quite a few reasons for the same.
How much can ripple coin rise in 2019?
Currently, Ripple coin is trading around $ .34. It had fallen all the way from $ 3.52. Thus, there is plenty of scope when it comes to the rise in ripple coin. One thing however which you need to keep in mind is that you should keep your expectations modest. An annual gain of 50% is a good target to work. Many people who are bullish on Ripple (XRP) think that it can rise to the older highs of $ 3.52. Such a rise seems a bit difficult.
Ripple (XRP) has defied the cryptocurrency markets previously as well. However, the sustained rally cannot happen if the cryptocurrency markets are consistently moving down. That is why, only when they stagnate or consolidate, Ripple coin can rise higher. According to some estimates, during the 2nd half of 2019, there might be some stability in the cryptocurrency markets. That is when Ripple coin is expected to rise as well. Thus, if you’re expecting gains of 200% to 300% in 2019, you might be wrong. A good figure to work with is 50% from the current levels.
This, however, does not mean that there will be a one-sided rally. There can be steep corrections in between as well. Only when you’re ready for that volatility, you should think about investing in Ripple coin.