Price Analysis

Ripple Price Analysis: XRP’s Existential Threats Are Real; Are they Reasonable?

eToro
  • Ripple investors are worried about existential threat Ripple is facing.
  • The medium-term trend seems bullish

As the crypto industry develops, the only thing which keeps a coin at the lead is its innovation and relations with other major multinational companies. Ripple Coin is one of the few coins which are aiming to become substitutes to the existing conventional payment system. Ripple (XRP) has been successful in making partnerships with many major global banks, insurance companies, and Financial Institutions. But Ripple needs to be evolved in order to stay relevant. There are certain questions on the existence of Ripple like uncertainties over Central bank regulations, the banks’ intent to use other stable coins and banks’ ability to develop their ledger (like JP Morgan did). These are the certain issues which may affect the coin on the long-term. However, for now, the medium-term seems bullish. Let us look at the current details of the coin.

Ripple Price Statistics-

ripple price chart - 5 June

eToro Crypto
Ripple (XRP) 05th June 03:07 UTC
Rank 3rd
ROI (Return on Investment) 6,802.69%
Coin Circulation 42,181,995,112 XRP
Market Cap 16,647,627,011 USD
Ripple Price in USD 0.4018974 USD
XRP Price in BTC 0.00005171 BTC
24h Volume 2,522,011,026 USD

Ripple XRP Price Comparison-

Ripple is one of the coins which started the year with a huge fall. Right after the starting, the Ripple price lost almost 25% over 27 days. Then the XRP price performed with a stable pace and recorded a rise of 20.28% in just 11 days on 25th March. Another rise for Ripple can be noticed on 09th May when the coin gained 52.72% over just 6 days. The market cap on 05th May was 12,717,211,556 USD, and the value of each coin was 0.3161869 USD. The current market cap and the value of each coin are respectively 30.9% and 27.10% more than the figures for last month.

Ripple Price Prediction-

We have already said that a bullish medium-term is likely for Ripple (XRP). With some major price variations, the coin may reach 0.9 USD to 1 USD by the end of 2019.

Conclusion-

Buying fresh coins at this price point will be a wise decision. But the investors need not panic at resistance points, and long-term holding may be likely to give 100% profit on the current investment.

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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