Along with Bitcoin and Ethereum, various other cryptocurrencies are currently trending in the market trending on exchanges like the-bitcoinpro.com. Ripple’s XRP is also one among those top 10 cryptocurrencies.
But, now you might be wondering about the right time to invest in Ripple, also if it is worthy to invest in Ripple, and also what will be the impact of investing. Calm down! As Coinpedia is here to answer all your doubts about investing in Ripple.
Definitely it is worthy to invest in Ripple! But why?
- Currently, 55 billion out of 100 bln XRP coins are in escrow. This means it avoids the decrease in the Ripple price.
- Ripple aims to establish quick, safe, and cheap exchange procedures all over the world.
- Ripple platform allows only the pre-approved participants to manage a node and verify XRP transactions.
Hence, Ripple accounts to be the fast, secure and versatile payment platform that allows transactions free from government intrusion and bank participation. The exchange fees also stay agreeable with 0.00001 XRP which is nothing in comparison to the cross-border payments. Now let us check out what XRP forecast for 2020 is.
What Is Ripple (XRP )?
Ripple is a real-time gross settlement system, currency exchange and remittance network created by Ripple Labs Inc., a US-based technology company. Released in 2012, Ripple is built upon a distributed open source protocol, and supports tokens representing fiat currency, cryptocurrency, commodities, or other units of value such as frequent flier miles or mobile minutes. Ripple purports to enable “secure, instantly and nearly free global financial transactions of any size with no chargebacks.”
XRP is the native cryptocurrency of the Ripple Network. And Ripple redditt is one of the most vibrant crypto communities existing on the Internet.
Ripple (XRP) Price Today
Ripple price is currently tethering at $0.203 after losing around 1% within the last 24 hours. XRP value has been greatly influenced over the years by its parent company, Ripple which sells a large portion of the cryptocurrency yearly. XRP price is contained within a reduced price volatility which has kept it within close limits in recent days.
The highest point attained was recorded at $0.205 at 07:34 hours UTC while the swing low represents the current XRP price.
In addition to the price of XRP, the coin’s market capitalization is hovering around $8.92 billion, and $1.09 billion has been exchanged in volumes over the last 24 hours.
XRP To USD (XRP/USD) Price Technical Analysis
The price of XRP (Ripple) had fluctuated In The Previous Years.
August 2013 was the time when Ripple first entered the crypto market. During that time Ripple was trading at $0.005882 resistance levels. As time passed by, the Ripple price started trading at a higher rate. During March 2018, Ripple was trading at the rate of $0.697269, which was clearly an 11,752.28 percent increase. Many free ways to earn XRP also contributed to the price of XRP in the previous years. These include XRP faucets. One of the most popular XRP faucets is Coinfaucets.io
According to the Ripple price prediction 2018, saw a huge change as the rates reached an unbelievable value. During January 2018, XRP to USD which was worth $0.06 reached the highest value of $0.4 in May 2018. Also, the cost was around $0.25 in autumn which suddenly raised to $0.8 in December. The traders also had an experience of XRP reaching a threshold value of $1. At the time, many XRP addresses made the XRP rich list and also the list of richest crypto wallets.
January 2019 was a good kick start for Ripple as it was trading at $0.35 in the initial stage. But, by April 2019 the price suddenly decreased to $0.29. Furthermore the year 2019 saw huge fluctuations in the price increasing to even $0.43, then decreasing. Again the price increased to $0.47, decreasing further by the end of Q3, 2019. With South Korea and many other countries banning crypto, the total market cap has diminished.
Ripple (XRP) Price Prediction 2020
In January, XRP was trading around $0.20 per coin. There was a steady price flow upwards towards mid-February until a sudden bull rush occurred which propelled the price towards the $3 mark.
Towards the beginning of March, the top cryptocurrency had gained over 150% of its January starting price and was hovering around $0.35. Many Ripple enthusiasts were encouraged to buy ripple a bit more as prices surge. However, before the end of the first quarter, XRP began to see a steady price drop which escorted the price back to $0.15 by late March.
Into the second quarter of the year, in April, there was a little price recovery. Although this was not enough to push prices back to its year-till-date high, the top crypto is still struggling to sustain little gains from what was accrued in the first quarter.
According to market analysis, a considerable number of predictions are bullish on XRP in 2020. On the average, XRP is predicted to surge as high as 200% of its current price. This is presumed to be the midpoint of two extreme XRP price predictions ranging from $0.8 to $2. It is reasonable to balance the opinions at around $0.4 which is the most feasible upside that XRP can achieve in 2020.
XRP Price Prediction 2021
In 2021, XRP is believed to have implemented many other roadmap milestones which will escort the price towards higher heights. By the end of 2021, XRP may surge as high as $3 per coin.
XRP 5 Years Price Prediction
In the next 5 years, XRP may progress to record prices within the $4-$8 vicinity. However, the most workable idea is to expect a midpoint. As adoption matures, users will be able to buy Ripple in the most affordable and convenient way. By 2025, it is feasible that XRP price may reach as high as $6.
XRP Market Prediction
With this volatile market, predicting the price for cryptocurrencies is quite difficult. To get a clearer idea on the Ripple price prediction, let’s consider some of the imminent publications and personalities, and their statements regarding the Ripple price prediction:
- Investing Haven XRP Price Prediction: Investing Haven is a crypto prediction website that believes 2020 is going to be a flawless year for Ripple. They predict that XRP might reach as high as $20 by 2020 as it believes XRP has the highest potential, amongst all other cryptos.
- FXStreet & Express.co.uk XRP Price Prediction: These websites give a moderate prediction saying that XRP has potential and may reach $3-$5 by the end of 2020. This is an assumption based on the fact that Ripple is the best Investment opportunity of 2020.
- UsLifted XRP Price Prediction: UsLifted, a crypto prediction website believes XRP would attain newer heights and might reach $22.79 with a circulating supply of 38,739,145,924 XRP by 2020.
- LongForecast XRP Price Prediction: According to the renowned LongForecast XRP forecast, the asset will go down to $0.26 in 2020.
- Oracle Times Ripple Price Prediction: Recently, in one of their articles, Oracle Times mentioned that they predict that XRP might surge as much as 2000%. They also mentioned it could be possible only if Ripple becomes the best choice for cross-border payments by financial institutions.
- TradingBeasts XRP Price Prediction: In 2020, the coin price will not change a lot, and the average one will be $0.36 predicts TradingBeasts.
According to all of these predictions, the majority of the companies are sure Ripple will not reach $10. But, the price of $5 is the realistic sum. Eventually, the value $5 will also represent 15x ROI which is actually great.
Our XRP Predictions
Basically, Ripple is known for its technology known as RippleNet. RippleNet is a bank-to-bank payment system where cross-border payments are made instantly, which was able to attain a lot as compared to the previous year.
For the year 2019, the technology aims to expand to many more countries. It also has a target of doubling the market inflows. When 2018 is considered, the market flow value was $2 million and currently, Ripple is working on creating double market inflows.
A series of experiments were implemented in the year 2019. Like institutional money flowing to XRP token, it’s continued and steady growth to reach its unique network effect. Suppose if these advancements are successful, then nothing on earth can stop Ripple from reaching the heights of $0.4 by the end of 2020.
XRP Influencer Price Prediction
Roman Guelfi Prediction: Roman Guelfi is one of the respectable crypto enthusiasts and experts who believe Ripple will achieve bigger milestones in the year 2020. Explaining further he said, as the market starts observing huge invasion of projects, other cryptocurrencies may take a step back and XRP will sway above all.
Recent Updates On Ripple
Jed McCaleb dumps $19 Million, Plans IPO for Ripple
BitPay has entered a partnership with Ripple
Leading digital currency payment processor BitPay has entered an organization with Ripple’s speculation arm Xpring to help installments with XRP.
The improvement was reported in an Oct. 2 official statement, uncovering that now organizations can acknowledge the third-biggest advanced money XRP for installments by means of BitPay’s cross-fringe installments stage. As a component of the participation, BitPay is additionally incorporating its BitPay Wallet with Xpring’s designer stage.
Ripple Acquires Crypto Trading Firm to Expand Into Iceland
Ripple proceeds with acquisitions by announcing the expansion of crypto exchanging firm Algrim into Iceland with its acqui-contract in a blog entry on Sept. 30.
The expansion adds six specialists to Ripple’s positions. This new group will assume a vital job in its On-Demand Liquidity (ODL) program.
As Per the declaration, Iceland will currently fill in as one of the organization’s designing centers, joining London as another European base.
Hence these major developments in Ripple may lead to higher prices in XRP token price. Also, we hope that the Ripple price prediction will go in a positive way.
Sales of XRP Dropped by 74% as “FUD” Increases
Though the XRP is garnering positive reviews, the sales report says otherwise. Ripple Q3 2019 sales have drop-down drastically by 74%. The Q3 total sale amounts to $66.2 million. The price of XRP declined by 35.4%.
Ripple claims that uptick in FUD (fear, uncertainty, and doubt) and the spread of misinformation about XRP is the main reason for Sales drop.
As a result, XRP price may go on a bearish trend.
XRP is the digital asset of the Ripple network.
Ripple is a technology company that provides the most efficient solutions to send money globally using the power of blockchain technology.
XRP is changing hands at [coins symbol=”XRP”].
XRP is predicted to trade at $3.00 by the end of 2020.
XRP Ledger records all the XRP transactions. The software operates with a variety of organizations and has an open-source code base that actively develops and maintains the ledger.