XRP cryptocurrency forecast for August 2020 Ripple's XRP remains the third largest cryptocurrency in the world by market capitalization. According to Coinmarketcap, the company's market capitalization is $ 114.7 billion. According to Coinmarketcap, the market capitalization of the cryptocurrency is equivalent to the value of the Sovereign's Dividend Institutional Certificate (SIC). This means that, according to Coinmarketcap, the Sovereign coin is worth $ 118 billion.Cryptocurrency forecast for August 2020.Coinmarketcap currently ranks first with a total market capitalization of $ 191.3 billion, and its market capitalization is the season is still in its early stages. Meanwhile, the crypto market is ranked 22nd in terms of number of coins on Coinmarketcap. So, despite the fact that the cryptocurrency market remains in a long-term uptrend, institutional investors continue to show a large interest in it.In addition, according to Coinmarketcap, the market capitalization of the cryptocurrency market is now $ 1.19 trillion, and the market capitalization of the cryptocurrency is set the next record level - $ 1.78 trillion.Crypto predictions for 2020. The market is in a state of uncertainty, and it is difficult to predict how the future will unfold.Will the price of bitcoin remain stable at the current level or will investors expect a jump above the $11,000 level?What events can motivate investors to invest more and buy cryptocurrency?In recent months, the price of bitcoin has been steadily rising. In particular, this has attracted investors to cryptocurrency exchanges. Recently, the market has seen the launch of Ethereum, which changed the landscape of the cryptocurrency market. In addition, the company MicroStrategy has acquired more than $ 425 million worth of bitcoin.3.3 billion. The total market capitalization of cryptocurrencies is now $ 1.19 trillion, and the market capitalization of the cryptocurrency ranking is just under $ 1.78 trillion. This is the amount of all cryptocurrencies. Hence, it is difficult to predict how institutional investors will allocate their cryptocurrency, especially when such large purchases are made by a large number of companies. firms.In addition, in the medium term, institutional investors may be deterred by the prospect of volatility and the uncertainty of the macroeconomic downturn. Markets tend to behave differently when individuals are in profit and when they lose control. Markets usually behave aggressively in the short term, showing a sharp jump in the price. a few hours later. Conversely, individual investors tend to be cautious in the medium term, showing a decline. the market. Trader Peter Brandt, said :"The market seems to be betting on a moderate – but not insane – growth scenario. This is a reasonable position, given that BTC hasn't reached $ 11,000 since early April."He added that BTC has shown "signs of growth" several times in