Ripple (XRP) could get back to $1.00 by the end of this year, CEO of deVere predicts

The sentiment around this coin is positive for a bullish rally

Blockchain payment protocol Ripple (XRP) has all the necessary elements to eye an upward trend that puts it back to its previous $1.00 threshold, according to Nigel Green, CEO and founder of financial advisory firm deVere Group.

Green has been observing the cryptocurrencies and its surroundings, noting that there has been a positive reaction toward the digital assets lately, with the buzz being special on the XRP. “I believe that whilst the crypto market, in general, will be primarily bullish between now and the end of the year, it will be XRP that will continue to gather the most momentum in this period,” he said.

For Green, Ripple has unique characteristics such as its technology and its problem-solving capabilities that will make it stand out from the rest of the crypto assets, and because of this, its adoption has been growing up at a quick phase, especially in the financial industry.

“Many of these unique characteristics enable it to help businesses, including real estate and tech firms, to save money and speed-up and add more security to transactions. This is also why hundreds of financial institutions across the world are already working with XRP - and this is a trend that is set to continue and grow,” the CEO stated.

Because of that, he believes the XRP can climb up to the $1.00 exchange rate before year-end. It is worth remembering that the last time Ripple’s coin was around this price was on February 21, when it was riding the bear rollercoaster along with the rest of cryptocurrencies, following their boom in December 2017.

Aditionally, the coin was the protagonist of last week’s bullish rally, due to its attempt to crown itself as the 2° largest cryptocurrency by market cap, and overthrowing Ethereum for some hours. At press time, it is quoting at $0.54 per unit, and has a market cap of $21.5 billion.

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