XRP price continues to stay relatively stable amidst bloodbath in the cryptocurrency market. There have been several developments around Ripple. Distributed ledger technology is expanding all over the world and Ripple is one of the most important companies in the space. The CEO of Ripple, Brad Garlinghouse, seems very enthusiastic about future developments in the financial industry. Ripple has a financial and banking network that reaches now more than 150 clients all over the world which have also increased the trust of customers in financial institutions that now can process cross-border payments in a faster, more secure and easier way. The bulls might kick off from early 2019 for XRP as it looks stronger as compared to other cryptos at times of volatility.
Recently, Japan’s MUFG Bank announced the signing of a MoU with Banco Bradesco, a Brazil-based banking service. The MoU discussed a partnership between the two organization to create a cross-border payment corridor which would be powered by the Ripple technology. If Ripple successfully ties up with Apple as the investors are working towards and mostly expected to happen in 2019, the value of Ripple will increase significantly. This means that it becomes easier for the ripple holders to encash their holding as well. This would also certainly increase the credibility of Ripple. At the same point, any such tie-up will ensure that more investors would invest in ripple which is why it will significantly propel the price of Ripple forward. Additionally, such association will bring credibility to the entire cryptocurrency industry. It will prove to be the largest such tie-up.
A few days back, National Bank of Kuwait(NBK) has announced that it has launched a new remittance service, (known as NBK direct remit) by joining Ripple's blockchain-based payment network, which can enable instant cross-border payments. It is starting with a remittance window to Jordon, plans to be eventually followed by China, London, Paris, Egypt, UAE, Bahrain, and other countries.
Ripple is consistently adding new clients including some marquee names in the banking world like American Express, Standard Chartered, Axis Bank, Santander and MUFG which helps in tackling the problem of liquidity issues.
Ripple coin price has seen unprecedented growth in the last year with a whopping price rise. More and more payment providers are getting onboard based on its consensus mechanism.
Ripple protocol improves the overall integrity by validating the account balances and transactions, which automatically blocks the malicious entries
As of recently, all products released include xRapid, xCurrent and xVia which improves XRP's position in the blockchain network.
Transaction speed and the cost is much lesser than other cryptocurrencies like Bitcoin and Ethereum. The uniqueness of XRP is that the coins were released all at once, which means all the XRPs are in circulation and hence, needs no mining.
With the market being so volatile, predicting the price of the cryptocurrencies is really one of the most difficult tasks.
Let’s consider the eminent publications and personalities, and their statement regarding the Ripple (XRP) price prediction, which will give us a fairer idea:
Roman Guelfi, a respectable crypto enthusiast and expert thinks that 2019 is all about achieving bigger milestones for Ripple. He said that as the market starts observing an influx of projects, other currencies might eventually take a backseat and 2019 is the time when XRP market will sway above all.
Ripple coin news, the second largest news site on the basis of traffic, predicts that after a bed of thorns, the coming years might emerge as a smooth period for Ripple as there will be an addition to the partnerships and new technologies, which might surge its price to 8 to 10 dollars.
Investing Haven, a crypto prediction website has made an optimistic bullish prediction for 2019 as it believes that 2019 is going to be a flawless year for Ripple. They have stated that XRP might reach as high as $20 by 2019 as it thinks XRP has the highest potential, amongst all other cryptos.
UsLifted, a crypto prediction website believes that by 2020, XRP would attain newer heights and might reach $22.79 with a circulating supply of 38,739,145,924 XRP.
Ripple is mainly known for its technology called RippleNet, which is a bank-to-bank payment system where cross-border payments can be done instantly, which has attained a lot as compared to the last year. By 2019, it is expected to stretch out to more countries and aims at doubling the market inflows as compared to $2 million in 2018.
Ripple recently announced plans over convergence into one stack. It is expected for a series of events to get implemented in 2019 like institutional money flowing to XRP token, it's continued and steady growth to reach its unique network effect. These all can undoubtedly make Ripple stand out in a crowd of digital currencies. If these advancements take place, then XRP might reach $1.20 by the end of 2019, to be conservative. At the most, it might even reach $2.
Read more: Get the top and best Ripple wallets.
Ripple may open the market with the rate of $ 0.78 and may reach till $1.10 till the middle of 2019. Next year, it may be having independent trading platforms and investment routes like bitcoin and Ethereum, closing the rate to around $1.20 by the end of 2019. It might give tough competitions to other currencies like Litecoin and Dash. Ripple has already come up with Codius, which can help the developers write smart contracts and decentralized applications, Xpring, which enables people to invest in Ripple related startups. Cobalt is something which is expected to be launched in 2019, which is aimed at decreasing the transaction time from 4 seconds to 1 second.
Ripple even plans on distributing 2 billion tokens to the Indian economy. XRP fans even argue that if XRP would have been enlisted in Coinbase during its peak, it could have overtaken Ethereum.
It looks like 2020 will be the year for cryptocurrencies and XRP is predicted to be one of the leading cryptocurrencies in the world with a high amount of supply. The first quarter will be very volatile as all of the currencies would experience ups and lows. Cryptocurrencies might give a competition to the stock markets and commodity markets in the near future. It is likely that by 2020, Ripple's partners like American Express and Lian Lian Group might be officially linked in order to complete Chinese card payments. By the end of 2020, XRP would be around $1.40-1.50.
As per the forecast and algorithmic analysis, the price of 1 Ripple (XRP) will be around $4.52 in 2023.
Ripple is also set to partner with more European and Latin American banks which might help promote both XRP and Ripple’s payment technology. These developments could lead, to big price rises in the XRP token price as the predictions stated above. So this means, the Ripple price prediction should go the positive way. You can convert XRP to BTC from CoinSwitch at best rates.
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2018-08-23 03:43:49.581368 | 2 min