Ripple's Pump: How Much Could the Cryptocurrency Rise?

After the start of the new week, the Ripple cryptocurrency reached its five-year high of $2.50 per coin, the market capitalization of XRP reached 135 billion and exceeded the market capitalization of Tether USDt.

At the same time, turnover in Ripple (XRP) is also breaking records and already amounts to more than 26 billion dollars per day, which only confirms the upward trend .

Against the backdrop of current events, financial experts are competing in their predictions, predicting a fantastic future for this cryptocurrency. According to the most optimistic estimates, Ripple could rise in price to the $100 mark.

But should we trust such forecasts, and to what levels can the price of Ripple cryptocurrency realistically rise?

Let's start with how realistic the goal of reaching $100 per coin is. To reach this mark capitalization Ripple should be worth 5.4 trillion US dollars.

Today, the total capitalization of the overall cryptocurrency market is $3.42 trillion, so it is simply not realistic that investors will invest another $5 trillion in Ripple.

A more realistic forecast is a price of $4-5 per coin, and this is assuming that continue to pump this cryptocurrency.

After the price crossed the $2 mark, the number of people willing to buy Ripple decreased significantly, as most investors had purchased the coin much earlier.

With each price increase, the risk of a pullback only increases, and therefore a more promising investment would be to buy those cryptocurrencies that have risen in price much less during the current trend.

For example, the Algorand (ALGO) cryptocurrency is a great option to buy now. At its current price of $0.50, it could rise to $2-3 per coin. And if major investors take notice, the price could rise even higher.

Unlike Ripple, Algorand has only issued 8 billion coins, seven times less than XRP's circulating supply. This fact also supports ALGO's growth. 

If we realistically evaluate the prospects of these two cryptocurrencies now, then with a high probability Ripple could bring in another 100% profit, and Algorand 300-400%.

You can trade Ripple and other cryptocurrencies with the following brokers – cryptocurrency brokers .