Ripple has opened up a new office in Washington D.C., to strengthen its advocacy efforts for crypto and blockchain, some of the prominent members being Craig Phillips, a former aide to the U.S, Secretary, Steven Mnuchin, and Susan Friedman- a senior advisor to Heath Tarbert, CFTC Chairman. Ripple has also become a member of the Blockchain Association. Some months back, Ripple even highlighted 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 $0.2263 with a market capitalization of $10,343,212,606 and a circulating supply of 43,653,776,034 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 6.78%, 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:
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 2020 as it believes that 2020 is going to be a flawless year for Ripple. They have stated that XRP might reach as high as $20 by 2020 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 2020, it is expected to stretch out to more countries and aims at doubling the market inflows as compared to $2 million in 2019 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 2020 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 2020, to be conservative. At most, it might even reach $2. (XRP Market Price Prediction)
Read more: Top XRP Wallets
Ripple may open the market with a rate of $ 0.78 and may reach till $1.10 till the middle of 2020. 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 2020. 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 that is expected to be launched in 2020, which is aimed at decreasing the transaction time from 4 seconds to 1 second. (XRP Price Analysis 2020)
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.
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) might 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.
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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2020-01-08 17:14:06.802903 | 2 min
2019-07-26 12:58:32.287354 | 2 min