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Price Analysis

Ripple (XRP) Price Analysis: Why Ripple’s xRapid Is Not Able To Deliver On Its Promises Yet?

  • Ripple is yet to make the growth count as the XRP coin makes slow upward moves
  • Ripple’s partnerships to yield the expected outcome soon

In the world of cryptocurrencies, every move counts. But the investors are bewildered on why Ripple’s partnerships with so many top-notch global banks are not yielding the desired results yet. Ripple is one of the most promising, unique, and efficient cryptocurrencies for real-world applications. Ripple (XRP) is fast, reliable, and secure and can be used readily for inter-border transfers of money & assets. The underlying technology is so strong that it has convinced many players like Transpaygo, Euro Exim Bank, Indian Federal Bank, and SBI Holdings, among others to join the bandwagon. The current market trend is bullish, but the best days are yet to come.

Current Statistics:

XRP Price Chart

  • XRP is ranked at the 3rd position in the global cryptocurrencies ranking
  • The ROI of the coin stands at 6,727.56%
  • The circulating supply of the coin is now 42,133,310,721 XRP, and the total supply is 99,991,633,428 XRP
  • As on May 20,2019 at 08:04:00 UTC, the market cap of the coin is 16,922,381,768 USD
  • The price of XRP is trading at 0.40 USD & 0.00005069 BTC
  • The 24 h volume is now 2,775,718,366 USD

Comparison:

There has been an upward trend of over 25% in the value of XRP coin in the last 30 days. The price of XRP was recorded at 0.32 USD & 0.00006124 BTC as on April 22, 2019, at 19:34:00 UTC. The market cap was 13,614,244,612 USD and the 24 h volume was 962,883,642 USD. In the last 30 days, XRP price moved between the range of 0.47 USD and 0.28 USD. A similar pattern was observed in the last 7 days as well when the lowest price was trading at 0.31 USD. The first resistance level will be reached at 0.43 USD in the next 30 days.

XRP Price Prediction till 2020:

The price of XRP moved sideways till April 2019 post which it has shown exponential upward growth. The highest value of the coin was recorded in January 2018 at 3.84 USD. Ripple (XRP) is immensely strong and has all the rights to lead the cryptomarket. The partnerships inked in the first half of 2019 will start bearing fruits in the second half, and the price of each XRP coin will reach up to 5 USD by the end of 2019. In the next two years, XRP will be valued at 50 USD.

Conclusion:

Invest in XRP now as the currency is sustainable and will provide good returns.

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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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