Price Analysis

Ripple (XRP) Analysis: The Ripple Effect Is Now Stronger Than Ever Before And Ready To Turn The Tables

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Ripple is designed & built to make cross border payments hassle free and effortless. Ripple (XRP) is currently empowering many banks and financial institutions globally to tackle their overseas transactions efficiently with faster speed, enhanced security, and convenient, user-friendly technology. Its consensus ledger has gained popular trust among the community & cryptocurrency supporters from across the world. The blockchain based platform also allows banks to seek liquidation as and when required. Ripple (XRP) which is now being used by numerous banks is helping them to expand their businesses and services to newer countries without worrying about the nitty-gritty. The team also claims to provide payment settlement in less than 5 seconds and processes over 1500 transactions per second as of now however they are further reducing the speed to accommodate scalability as the platform increases its adoption.

Current Statistics

XRP Price Chart (30.03.2019 - 27.04.2019)As per the CoinMarketCap, XRP is ranked at the 3rd position in the top 100 cryptocurrencies list. The ROI is currently 4,978.17%, circulating supply is 42,004,966,728 XRP against the total supply of 99,991,643,723 XRP and the maximum supply is 100,000,000,000 XRP. As on April 27, 2019 at 10:04:00 UTC, the market cap is 12,456,401,086 USD, the price is trading at 0.29 USD & 0.00005672 BTC. The 24 h volume is 1,028,686,817 USD. In a very short span of time since its inception in 2012, the coin has gained popularity, adoption, and acceptance from the cryptocurrency experts and will play a significant role in redefining digital economy in the coming days.

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Comparison

The downtrend of -3.3% has been noted in the past month. The highest price was recorded at 0.37 USD in the last 30 days and 0.33 USD in the last 7 days. The lowest price was around 0.28 USD in the last 30 days, and the same pattern was seen in the last 7 days as well. As on March 30, 2019 at 05:34:00 UTC, the market cap was 12,844,810,731 USD, the price was 0.30 USD & 0.00007501 BTC. The 24 h volume was 850,285,761 USD.

Prediction

Earlier this year the news of Ripple team’s partnership with SBI Holdings had broke which resulted in the surge in prices of the coin to a considerable amount. Recently, it was announced that Yoshitaka Kitao, President & CEO of SBI Holdings Inc, is joining Ripple’s Board of Directors. The news has made a considerable impact in the otherwise volatile crypto world and assured the analysts, investors, and enthusiasts about the long term plans of the coin by bringing in key partners onboard. Ripple has sold over $169.42 million worth of XRP in the first quarter of 2019, and this is just the beginning of the long successful journey of XRP. The price can reach as high as 1 USD by the end of 2019, 10 USD by the end of 2 years and five years down the line it can be around 20 USD.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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