Ripple (XRP) Latest xCurrent Solution Will Bring Bullish Stint

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  • Ripple (XRP) is currently traded around 0.30 USD and the current market cap stands at 42,087,046,846.
  • The new payment solution is the hope of XRP; it can give a huge dividend.
  • The 2020 Prediction goes with 1.5 USD target.

Ripple (XRP) is a digital platform which settles the transfer of values in a decentralized and open source manner with complete anonymity and privacy of the users. The vision of this system is to provide a substitute payment system which can make the transactions in less turnaround time and with more efficiency. Tracking users either at the originating or the receiving end is impossible as it conceals the IP address of all the users.

Current Statistics-

Ripple Price Chart

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  • Ripple (XRP) is the 3rd largest coin in the market with respect to its market cap.
  • The ROI (Return on Investment) stands at 5089.27%.
  • The total number of XRP coins in current circulation stands at 42,087,046,846.
  • The current market cap as on 07th May at 04:29 UTC is 12,844,861,575 USD.
  • The value of each coin stands at 0.305198 USD and 0.00005157 BTC.
  • The 24h volume at the same UTC stands at 1,125,115,305 USD.

Comparison-

Ripple is one of the worst hit currency by crypto winter. It grew with a moderate pace right after the starting of the year, but soon the momentum was lost. The lowest point was reached at 0.28 USD on January 29th. However, Ripple coin managed to get good growth after the 1st April market boom. It got 0.06 USD in just 3 days. The market cap on 7th April was 14,924,962,807 USD. And the value of each token was 0.357538 USD. The current market cap is 13.93% less than the market cap of the past month.

Prediction-

As per a recent press release, XRP has made its latest version of cross-border payment solution live. The solution is named xCurrent and now it is serving 200 banks and financial institutions all over the globe. This will definitely have a positive impact on the price trend of XRP. This new system aims to bring increased product interoperability in the financial sector not limited to cryptocurrencies. As per our prediction, the value of each XRP coin will rise to 0.32 USD before facing a resistance. The next two resistances will be there at 0.37 USD and 0.42 USD. Both the medium term and long term outlook seems bullish. By the end of 2019, the value of XRP token will breach the 1.5 USD level. 2020 prediction goes with 10 USD.

Conclusion-

This is the perfect price to buy XRP tokens. Holding the coins until the 3rd quarter of 2020 will give at least 20 times of investment.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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