Ripple (XRP) Price Analysis: Ripple Collaborated With CULedger; Bullish Run to Push the Coin to $1

• Ripple (XRP) has collaborated with CULedger.
• The 2019 target price should be 1 USD.

In the global crypto market, the coin with many associations and collaborations always manage to be valued higher. On a similar way, Ripple (XRP) has been able to gather quite a few feathers on its cap. The XRP community has included CULedger on R3’s Corda network. The whole inclusion aims to expand the credit-union centric firm’s cross-border payment options. CULedger has an aim to use this partnership to assist its credit union in dealing with risks of cybersecurity, fraud, and malfeasance. Along with this, the collaboration will boost “member experience, streamline internal processes, and reduce administrative and operational costs.” The official press release says, “This will allow credit unions using CULedger’s network to choose from a variety of near-instant, secure and affordable domestic and cross-border payment options to meet theirs and their members’ needs.” We predict Ripple to reach 1 USD mark by the end of this year. Let us now see the current facts of Ripple coin.

Current XRP Price Statistics-

• Ripple (XRP) is ranked at 3^rd position in the global market.
• The ROI (Return on Investment) of Ripple coin stands at 6330.62%.
• A total of 42,116,677,673 XRP are in current circulation.
• The market cap as on 23^rd May at 01:18 UTC stands at 15,861,473,575 USD.
• The current value of each XRP coin stands at 0.37 USD and 0.00004920.
• The 24h volume at the same UTC stands at 2,014,491,795 USD.

XRP Price Comparison-

The growth pattern of Ripple (XRP) has been more or less stable throughout the period since 2019. The lowest point of the coin was on 25^th April at 0.29 USD. However, a huge gain can be seen on 12^th May when the coin went from 0.31 USD to 0.46 USD in 3 days. The market cap on 23^rd April was 13,624,621,998 USD and the value of each coin was 0.32 USD. The current market cap and the value of each coin in USD are respectively 16.41% and 15.62% more than the figures for last month.

XRP Price Prediction-

Ripple will have a medium-term bullish outlook. We predict a rise to 0.45 USD in the short-term. The next resistance will be there at 0.45 USD and 0.50 USD. We predict the coin to reach 1 USD by the end of 2019.

Conclusion-

This low price is the perfect time for new entrants to dive in. Long-term holding is the key to gaining huge profits.