Price Analysis

Ripple Price Analysis: Ripple Issues Statement Promising Transparency in Data Reporting

Ripple’s Sales of XRP in Q2 will be Substantively Lower

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  • Ripple Taking A More Conservative Approach To XRP Sales – Ripple Insights
  • The 2019 bullish target should be $0.9 to $1.

The whole crypto market is in its childhood, and there are many major issues with which the industry is struggling. One of those issues is data accuracy and sales reporting. After the doubts over Bitcoin’s fake trading volume, Ripple (XRP) has issued a statement stating that they would deliver a higher degree of accuracy for XRP volumes and sales. Ripple also said that they would take steps to address the concerns of users over these issues after talking to the collaboration partners.

It would evaluate its approach of reporting and “take a more conservative approach to XRP sales this quarter.” To bring accuracy and veracity of data in the market, CoinMarketCap has recently tied up with a firm and named the alliance ‘the Data Accountability & Transparency Alliance.’ However, Ripple (XRP) is likely to have a bullish medium-term. It may reach 0.9 USD to 1 USD price level by the end of this year. Let us look at the current status of the coin.

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XRP/USD, YTD Chart

ripple price chart - ytd - 6 June

XRP Statistics-

Ripple (XRP) 06th June 02:25 UTC
Rank 03rd
ROI (Return On Investment) 6,779.19%
Coin Circulation 42,181,995,112 XRP
Market Cap 17,069,249,767 USD
Ripple Price in USD 0.4019726 USD
XRP in BTC 0.00005161 BTC
24h Volume 1,694,732,265 USD

XRP Price Comparison-

Ripple (XRP) started falling as soon as it started its journey of 2019. The first lowest point of the coin was on 30th January at 0.2928685 USD. However, after this fall, the coin managed to perform steadily, and by the end of March, the coin recorded growth over 20.41% in just 11 days’ period. Another low point can be noticed on 25th April at 0.2902411 USD. However, a hike was recorded just after that on 09th May when the coin gained 52.44% over six days. The market cap and the value of each XRP on 6th May were respectively 12,637,017,889 USD and 0.3175006 USD. The current market cap and the value of each coin are respectively 35.07% and 26.6% more than the figures for last month.

Ripple Price Prediction-

As Ripple is trying hard to make the users’ experience lot better, a rise in the number of users is also anticipated. The medium-term for Ripple is likely to be bullish. By the end of 2019, the Ripple price may get to touch 0.9 USD to 1 USD point.

Conclusion-

Fresh coins can be bought at this price. But investors need to remember that long-term investment is the key here.

Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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