Ripple highlights a document from a new blog post from the UK Financial Conduct Authority, which classified XRP as an exchange token, not security. Very recently, Ripple announced that it will be buying $30 million of MoneyGram shares at $4.10 per share along with buying 20 million USD worth of shares in the coming 2 years. MoneyGram made Ripple its special partner which will enable cross-border payments in the coming years. Not only that, after this deal, Ripple is eyeing at more deals. The PNC treasury management officially integrated with RippleNet to facilitate cross-border settlements between banks. Its been all over the news that SBI Ripple Asia which is a subsidiary of SBI Holdings, is going to launch a store settlement service with the affiliation of the SBI holdings and Ripple's consumer-focused payment app called MoneyTap. It will help in implementing xCurrent, Ripple's blockchain solution for enabling the near-instant bank to bank domestic remittance services. Because of these upgrades, there is optimism revolving around XRP's price in the days to come.
As the selling pressures are getting higher, Ripple locked up 55 billion USD in its treasury, unlocking 1 billion every month. Anyway, Ripple is consistently keeping on 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. XRP is trading at $0.296485 with a market capitalization of $12,798,288,814 and a circulating supply of 43,166,298 XRP. You can check XRP price prediction tomorrow here.
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.
Over the last 24 hours, XRP has increased by 2.36%, and XRP has been showing good progress since Ripple announced its partnership with MoneyGram, which is one of the major Western Union competitors. Ripple Labs has conveyed that it will be buying 10% of the MoneyGram shares thrice its market price. This partnership is a win-win situation, where even XRP usage is bound to rise exponentially.
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.
Oracle Times has recently mentioned in one of their articles that they predict that XRP might surge as much as 2000%, and they mentioned it could be possible only if Ripple becomes the best choice for cross-border payments by financial institutions. The cross border transactions account for around $9.8 trillion.
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. In 2019, it is expected to stretch out to more countries and aims at doubling the market inflows as compared to $2 million in 2018 and it has already started doing so.
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 most, it might even reach $2. (XRP Market Price Prediction)
Read more: Get the top and best Ripple wallets in 2019.
Ripple may open the market with a 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. (XRP Price Analysis 2019)
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. (Ripple Forecast)
As per the recent research by Moody's, blockchain standards will increase by 2021. XRP is the third-largest cryptocurrency, which is aiming for a lot of developments by 2021. As per the XRP price trends, the experts believe that it will enter into countless partnerships with financial institutions. By 2021, XRP might touch the $2 mark. You can follow the XRP developments and stay updated by following their community page.
As per the forecast and algorithmic analysis, the price of 1 Ripple (XRP) will be around $4.52 in 2025.
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.
XRP is going to grow and attain greater heights by 2030, and its use cases and the adoption rate is undoubtedly going to grow exponentially, more than we can ever imagine. It might even go up the ranking order and who knows might even come out as one of the user's favorite crypto. By 2030, XRP might reach $17.0576.
It will be way more optimistic to expect XRP to grow by 100X in four months. But you never know when it comes to the crypto market, anything can happen.
No, XRP cannot be mined as the individuals who can generate XRP are the ones who can release them.
The main difference between them is the transaction time, Bitcoin takes around 10 minutes while XRP takes around 5 seconds.
XRP might reach $1.50 by 2020.
It is the volatile nature of the cryptocurrencies, hence you never know when it increases or decreases.
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2019-09-30 07:52:54.289565 | 2 min
2019-10-17 10:54:03.736811 | 2 min