Ripple's 2021 Forecast: What's in Store for the Popular Cryptocurrency in the Near Future?

Ripple is one of the cryptocurrencies with the highest market capitalization, currently reaching $27 billion.

At one time, this cryptocurrency was called an alternative to Bitcoin, with a price of $1,000 per Ripple predicted.

A couple of years ago, the asset peaked at just over $3, but after a large sale of a large portion of its coins by one of Ripple's creators, its price dropped significantly.

For a long time, the coin traded around 30 cents per coin, but after Bitcoin's recent rise, it also rapidly rose, reaching 70 cents.

Currently, the Ripple price fluctuates between 50 and 65 cents per coin, with some uncertainty in the market.

What will the Ripple price be in 2021?

This is currently the main question troubling investors trying to make money in cryptocurrency trading. Everyone has their own opinion on the matter. Personally

, I'm leaning more toward a significant drop in Ripple's price in 2021, and there are several objective reasons for this.

The first is that the cryptocurrency has already exhausted its momentum and reached its all-time high. If Bitcoin begins to pull back, Ripple will also fall to its previous level of 30 cents, and possibly even lower.

The second is the distribution of Spark cryptocurrency to Ripple holders, creating the impression that the creators of Ripple, which has lost credibility, want to transfer assets to a new virtual currency. Most analysts predict that the downtrend will begin on December 12, 2020, after the exchange.

The third reason is the unhealthy news surrounding Ripple, which only stimulates the number of sell-offs.

What should I do?

I've already sold most of my Ripple holdings and invested some in Stellar and some in other assets. I've left a small reserve, so to speak, just in case the coin starts to appreciate contrary to forecasts.

In my opinion, there's no point in expecting anything good from Ripple in 2021, much less investing in it at the current rate, but that's just my personal opinion.

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