Opinion | Ripple Fundamental Analysis: Will Ripple hit $1000 in the long term?

TL;DR Breakdown On our Ripple fundamental analysis, XRP witnessed a standard deviation of 11.5 percent in daily returnsRipple (XRP) posted the highest daily volumes to be recordedDuring press time, XRP’s total market capitalization sits at $58.129 billion. It’s time to burst the majority of unfounded claims flung around the crypto community about Ripple’s XRP haing weak fundamentals. In fact, Ripple is among the most entrenched yet vilified cryptocurrency projects today.  Ripple (XRP) witnessed a standard deviation of 11.5 percent in daily returns between April – August. High volatility in comparison to both Bitcoin and Ethereum must have been informed by April’s rally and the subsequent May crash . The following chart showing XRP Price against volume between Q1 and Q2 of 2021 reports doubling figures oer a 6 month period from $2.26 billion to $4.49 billion. Interestingly, Ripple (XRP) posted the highest volumes to ever be recorded on any cryptocurrency chart.  Source: Ripple Labs Ripple Fundamental Analysis: Long -term future of XRP/USD On a Reddit thread dating 7-months ago, one user dismises another user’s claim that XRP will hit $10K and tell him he’s been smoking too much opium. However, the former goes ahead and boldly claims $20 or $40 for XRP is still stretching the coin’s potential way too far.  Well, let’s expain the direction of XRP in the future based on facts rather than social media chit ch...