Hi Guys!
I bought ripple at $2.50 and i am at very high losses. I wanted to know if and when it will reach $3, $4 and if my stars shine $5 ? Please help. I am being as much patient i can but i am honestly dying from the inside looking at the prices.
FYI crypto investments can be high risk and take time to mature but If you have time to look at some charts and analyze them, You could sell and buy from time to time to make some money from the daily price movements and before you know it you could have recovered the money you initially invested!
It's possible based off the burn rate of the coins. The larger the adoption for xrp for cross border transactions the higher the burn rate.
The outstanding supply for XRP is not 100b its already slowly declining now its like 99.1b if I'm not wrong.
Once supply of the coin is reduced, demand goes up and price naturally soars too.