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Price Analysis

Ripple (XRP) Price Analysis: XRP Is Awakened With The Current Market Rush; Investors Enjoy A Celebratory Moment

  • Brad Garlinghouse claims that the interest of global banks in xRapid is rising
  • XRP shows a steep upward movement following Bitcoin’s bull run

Ripple is one of the most efficient and flexible cryptocurrencies platforms and being used to solve the problems faced by global financial institutions. XRP is unique, fast, and secure and can be used for hassle-free cross border transactions. Brad Garlinghouse, the founder of Ripple, has strongly stood in support of the currency and has been defending it against market speculations against the three entities’ (xRapid, xCurrent, and xVia) real-time usage. The current market data shows a positive trend; however, for how long is the main question.

Current Statistics of Ripple :

Ripple Price Chart

  • According to the CoinMarketCap, Ripple is placed at the 3rd position in the global ranking
  • The ROI of Ripple stands at 6,574.34%
  • The circulating supply of the coin is now 42,133,310,721 XRP as against the total supply of 99,991,633,428 XRP
  • As on May 17, 2019 at 07:44:00  UTC, the market cap of Ripple is $17,039,720,420 USD
  • The price of XRP coin is now 0.40 USD & 0.00005195 BTC
  • The 24 h volume is now 4,362,078,276 USD

Comparison:

In the last 30 days, XRP value moved between the range of 0.47 USD and 0.28 USD. The pattern remained the same in the last 7 days as well. As on April 18, 2019, at 15:34:00 UTC, the price of Ripple was recorded at 0.33 USD & 0.00006414 BTC. The market cap was 14,149,786,101 USD and 24 h volume was 1,336,841,102 USD. There has been an upward trend of over 21% in the value of the coin in the past month.

XRP Price Prediction until 2020:

Ripple recorded its all-time high in January 2018 at 3.84 USD. XRP coin moved at a steady rate since the beginning of 2019, but now finally it has picked up pace after the Bitcoin bull run and showed a steep upward movement. There is immense potential in XRP if it combats with the current distractions and comes out a winner. The price of the coin can rise up to $1 by the end of 2019. Two years down the line, Ripple’s value can reach up to 10 USD. The coin has everything required to sustain in the long run, but the competition from other alt coins followed by distractions of class actions suits and launch of customized coins by enterprises like JPMorgan can put up a strong fight.

Conclusion:

Buy Ripple coin in bulk now for long term gains. XRP has been listed on Coinbase for easy mining and trading.

 

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Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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