Price Analysis

Ripple Price Analysis: Ripple (XRP) Sets Foot In Reshaping The Future Of Cross Border Payments

  • The launch of Ripple Drop will take over the on-demand liquidity market
  • Ripple is unstoppable with latest developments and strong future roadmap

Ripple has been focusing on easing the cross-border payment process by introducing new technologies, features, and network updates. The recent integration of on-demand liquidity feature will only result in gaining more popularity and acceptance in the global markets and it is only a matter of time that Ripple will become a mass phenomenon. XRP token will also be benefitted particularly through this.

Additionally, the introduction of Ripple Drop eliminating pre-funding completely will result in partnerships with worldwide banks, and XRP token will become a household name. The market statistics of XRP establish a strong position in the current scenario.

Current Statistics From Ripple Price Chart:

As on June 15, 2019 at 07:02:12 UTC, Ripple coin is trading at $0.40 and in the last 5 days, the coin value has surged from $0.38 to reach a peak of $0.41 but it’s been quite a few days now that XRP has not crossed the price $0.41. However, there has been an uptrend of over 7% in the past 5 days and the coin is moving upwards currently.

XRP Price Chart - 15 June

  • The XRP price is trading at $0.40 and 0.00004708 BTC
  • The market cap of the coin is now $17,316,173,194
  • The 24 h volume is now $1,280,809,058
  • The ROI of the coin stands at 6,842.84%
  • The circulating supply is now 42,501,950,124 XRP

The rapid progress in the technology should now start reflecting in the price of the XRP token which is moving at a slow pace since the beginning of 2019.

Ripple Price Prediction:

The recent announcements of new platforms and ease of cross-border payments may increase the price of XRP drastically. It may cross $0.50 milestone in the next one month only after it comes out of the stable and slow momentum that it is facing at present.

Conclusion:

XRP is currently trading at a low price and investing in bulk is a good option to secure long-term gains in the future as the platform is fully secure and has long term sustenance.

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Ruti Vora

Ruti has recently joined CryptonewsZ as a writer and has been writing on other cryptocurrency sites as well. Having a background of tech field makes her versatile with a keen interest in literature. You will find her surrounded by books and music when she is not on work. You can also contact her on Linkedin or Facebook.
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