Ripple is still 3rd most popular currencies in the world of crypto after Bitcoin and Ethereum. MIT recognized Ripple Labs as one of 2014's 50 Smartest Companies for its creation of the Ripple protocol (RTXP) and the Ripple payment network. It was creating so much fuzz that people speculated it might takeover Bitcoin during this time Ripple hit its peak $3.65 and reached to No.2 above Ethereum.
But then... crash... crypto crashed and as of today Ripple stands at:
XRP = $0.92 USD (coin market)It has dropped
-75% from its peak value of $3.65
It's ok whole market was down but they recovered at least some level like Bitcoin from peak of $20k to $6k and now at $9.5k (-50%). Same to all currencies famous crypto currencies but Ripple did not come close to its original position since than.
Here is $36 billion dollar question will
Ripple will go back 3$ again?
Ripple has been in the news with so catchy titles like
"Western Union Confirms Plans to Experiment With Ripple"
"Ripple extends partnerships to India, Singapore"
"Saudi Central Bank to Test Ripple Payments Tech"
"Cuallet’s Money Transfer Service Integrates Ripple’s xRapid"
Also its over heard "Starbucks Will Accept Ripple (XRP) in 2018" but to be honest I guess none is helping Ripple to recover to its previous state.
Reasons it has been criticized for not being truly decentralized also, Ripple distribution of the original limited amount of XRP currency has met with a fair amount of controversy too.
We can't predict the future but Ripple team is working hard to get partnerships with Banks and with exchanges which might result Ripple as another fiat money dressed up like crypto. (That's my opinion)
What you guys think of Ripple (XRP) does it have potential to shape the crypto world? Or will be merely another crypto currency?
Can Ripple go back to $3+ again?