The prominent venture investor and a Bitcoin bull, Tim Draper, predicts the calm before the storm for the XRP price, as “to call Ripple developers actions wrong is impossible”. In his opinion, the Ripple altcoin is now greatly underestimated, so in the near future, there will be a sharp increase in its value in a short period of time.
“The company is actively developing, expanding the sphere of influence, enlisting the support of large financial institutions and constantly improving the technology of transfers.” - he stated.
In reply to a question about XRP’s future, Draper said that XRP would experience explosive growth in the short term.
XRP should have already grown beyond $0.6 or even $0.9 by now, says the crypto investor, when talking about the results of recent Ripple’s expansions and the partnerships the crypto unicorn has initiated lately.
Finally, he states:
“In addition, Ripple is owned by SBI, a large corporation with companies such as R3. Everything indicates that the current situation, only the calm before the storm, in our case, before the explosive growth.”