Yoshitaka Kitao | Expects Ripple XRP to Reach $10 by Year End

Yoshitaka Kitao

Ripple price (XRP) outperformed the top two coins last week in regards to price appreciation: Ripple coin traded above $0.90 level last week for the first time in forty-five days. This rise was driven by rumors of Binance’s intentions to add USD to crypto assets. The broader bull-run in cryptocurrency markets also added to XRP coin price.

Ripple was one of the worst performers during the latest bearish trend, which pushed its price to four-month lows early in April, amid traders concerns over regulators crack down and tax season.

XRP coin, however, started gaining momentum after hitting the four-month low on April 6. Its price almost doubled in the last two weeks; XRP coin jumped from $0.47 to $0.932 on April 20.

Source Image: coinmarketcap.com

Its price soared more than 30% last week alone, outperforming Bitcoin (BTC) and Ethereum (ETH) price gains. BTC and ETH coins rose 8% and 22% last week. Ripple’s total market capitalization swells to $33.8 billion at present, substantially higher from $18 billion two weeks ago.

The third largest coin regarding market capitalization stands around $0.86 level today, and market pundits expect ripple to breach the $1 mark in the short-term.

Yoshitaka Kitao Expects XRP to Reach $10

Yoshitaka Kitao, CEO of Tokyo based SBI Holdings, expects Ripple price to reach an astounding $10 by the end of this year.

Although the price forecast looks quite strange at the moment, the SBI CEO has expressed strong confidence in its blockchain technology – which he believes along with the broader crypto market rally will allow XRP coin to attain the price target.

SBI Holdings has also been involved in the creation of a new remittance app called Money Tap. This app will allow the users to make instant cross-border transactions on a 24/7 basis.

Featured Image: Depositphotos/© rastudio

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