XRP has been experiencing a plethora of fluctuations since March 2019, which was one of the least performed months for XRP. But slowly and gradually, it took off from $0.3404 on May 12th, 2019 to $0.4722 on May 16th, 2019, which was a steep rise, after which it has been hovering around the $0.400 mark. On June 5th XRP closed at $0.402372, which was a minor fall as compared to June 3rd, 2019 when it was trading at $0.425764. But XRP has a great capacity to get back on its foot and soar upwards as it has recently promised a greater degree of accuracy for sales reporting and volume. XRP data reporting is taking a conservative approach where the data should be accurate even if its lesser than expected, so as to prove transparency of data. This quarter's XRP token sale might drop to less than 10bps, and it's going to show the correct data unlike some of the exchanges inflating their trading volumes.
Its been all over the news that SBI Ripple Asia which is a subsidiary of SBI Holdings, which is going to launch a store settlement service with the affiliation of the SBI holdings and Ripple's consumer-focused payment app called MoneyTap, which helps in implementing xCurrent, Ripple's blockchain solution for enabling 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.
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. XRP is trading at $0.428530 with a market capitalization of $18,213,353,672 and a circulating supply of 42,501,950,124 XRP.
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.
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 the most, it might even reach $2.
Read more: Get the top and best Ripple wallets in 2019.
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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2019-03-26 13:07:22.497537 | 2 min
2019-06-06 14:35:30.386616 | 2 min