Price Analysis

Ripple (XRP) Price Analysis: Will Ripple Go Uncontested In The Global Economic Revolution?

  • Traders eagerly wait for Ripple to show exponential growth
  • Ripple’s Brad Garlinghouse envisions future to be about open economies

Ripple created a market stir when it was introduced as the cryptocurrency solving real-world problems of financial institutions across the globe. The currency has been performing well since its inception and has inked many partnerships, including Euro Exim Bank, SendFriend, and Mercury FX, among others. This digital asset has enabled banks to switch to the platform and increase their expansions in countries across the world. With XRP’s listing on Coinbase, the currency is now accessible to increase its demand. The current market data is good, but the best is yet to be reached.

Current Statistics:

XRP Price Chart

  • XRP coin is ranked at the 3rd position by the CoinMarketCap’s global cryptocurrencies list
  • The ROI of the coin has reached 6,733.69%
  • The circulating supply is now 42,116,677,673 XRP and the total supply is 99,991,626,524 XRP
  • The price of the coin is trading at 0.39 USD & 0.00005028 BTC as on May 22, 2019, at 03:44:00 UTC
  • The market cap at the same UTC is 16,759,299,302 USD
  • The 24 h volume is now 1,838,636,501 USD

Comparison:

The value of XRP coin has shown 21% upward movement in the last one month with the price peaking as high as 0.47 USD & dipping to 0.28 USD. As on April 24, 2019, at 01:34:00 UTC, the price of the coin was observed at 0.32 USD & 0.00005777 BTC. The market cap of the coin is noted at 13,560,991,767 USD. The 24 h volume has reached 1,063,226,502 USD.

Ripple Price Prediction till 2022:

Ripple is on an upward trend since the onset of 2019, and after a few months of sideways movement, XRP coin has finally picked up pace & gained momentum. The all-time high value of the coin was at 3.84 USD and can be crossed in 2019 to set a new benchmark. The price of Ripple has always raised many questions in the market, and its slow movement is not bringing any respite to the traders who expect the currency to show good results. Although some recent partnerships have build up the reputation & trust for XRP token, the price continues to drag itself. The value of each XRP coin can reach up to 1 USD by the end of 2019 and can cross the 10 USD mark by the end of 2022.

Conclusion:

Although the price movement is slow it is definitely going to bring huge gains in the future. Investing in XRP is one of the best bets in the current scenario.

Tags

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.
Back to top button
Close