Ripple (XRP) Price Analysis: Is Ripple Holding Any Excitement In Spite Of Its Fluctuating Behaviour?
The great news is that the chief market strategist of XRP has successfully introduced Ripple and XRP to Trump’s administration. Apart from this, Ripple Inc. is partnering with some of the biggest financial institutions. Banks like Western Union, Bank of America are already using Ripple’s network and XRP for processing remittances. This is increasing the adopters and usage of XRP.
Crypto analysts are indicating future launching of xRapid which can explode the value of Ripple. Moreover, Ripple has amazing technology with a proven track record. It can leverage its technology and can solve a real-life problem. It has great potentials of scalability, and many crypto enthusiasts think that no cryptocurrency is such advanced as a ripple.
Current status of XRP:
- Present trading volume: USD 0.388864
- Present market cap: 16,384,114,619 USD
- Market rank: 3
- Circulating supply: 42,133,310,721 XRP
Price analysis and future price prediction:
The above chart shows that at present XRP is getting traded at 0.387596 USD or 0.00004719 BTC (UTC time 08:07). Its present 24h volume is worth of 3,625,076,103 USD. The same chart shows that approx. 1 month earlier, XRP had a trading volume of 0.326856 USD with a market cap of 13,718,406,540 USD. So, within this approx. 1 month, the value of XRP has been increased by 18.58% with 0.332344 USD as a good support resistance.
Based on its potential and above price analysis, we think that XRP is a really great cryptocurrency and it can trade around $1 by the end of 2019. You can read the complete XRP price prediction by experts here to know more information about Ripple.
XRP is very potential crypto. Although its fluctuating due to market volatility once this subsides, its value will irresistibly spike up.