Price Analysis

Ripple (XRP) Price Analysis: Top Influencer Compares Ripple with PayPal; Bullish Days are Ahead

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  • Tone Vays, an influential crypto trader and analyst, recently compared Ripple with PayPal.
  • 2019 target price should be 1.5 USD.

There is no denying that Bitcoin (BTC) is the market leader as far as the cryptocurrencies are concerned. But looking at the price variations and unexpected shocks given by Bitcoin, it is often criticized by the Ripple fans. Recently Tone Vays, an influential crypto trader and analyst, took this debate to a whole new level. As per Tone’s claim, only intellectually challenged people to compare Ripple (XRP) with Bitcoin (BTC). He went on saying that Ripple can only be compared with PayPal. His tweet got many reactions from the fans of both the coins. However, the debate doesn’t seem to end here. We predict a bullish medium-term for Ripple (XRP). By the end of 2019, the value of each Ripple coin should be traded around 1.5 USD. Let us look at the current figures of Ripple (XRP) now to understand the fundamentals of the coin.

Ripple Price Current Statistics-

Ripple Chart

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  • Ripple (XRP) is the 3rd largest coin in the global crypto market.
  • The ROI (Return on Investment) stands at 7233%.
  • A total of 42,116,677,673 XRP coins are in current circulation.
  • The market cap as on 28th May at 01:56 UTC stands at 18,177,539,136 USD.
  • The value of each Ripple coin stands at 0.4340371 USD and 0.00004917 BTC.
  • The 24h volume at the same UTC stands at 2,690,843,754 USD.

Ripple Price Comparison-

Ripple (XRP) started the year with a moderate level price. But soon it fell down to its lowest level. The lowest point was achieved on 29th January at 0.29 USD. However, there were two major growths in the last 5 months. The 1st one happened between the last week of March and 1st week of April, where the coin gained 19.99% in 11 days. And in the later one started on 08th May when the coin gained 51.61% in 7 days. The market cap and the value of each Ripple coin on 28th April were 12,493,191,351 USD and 0.2911869 USD. The current figures are respectively 45.49% and 49.05% more than these past figures.

Ripple Price Prediction-

As mentioned earlier, Ripple (XRP) is going to have a bullish period in the next few months. The next resistance point will be there around 0.6 USD and 0.75 USD. By the end of 2019, the coin should be at 1.5 USD. It should be noted that the coin will have many price variations on its way.

Conclusion-

Looking at the growth projections, it is safe to advise in support of buying fresh coins. Long-term holding will give the required profit.

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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