Ripple (XRP) is a real-time gross settlement system, currency exchange, and remittance network. It was created by Ripple Labs Inc. It is based on Ripple Consensus Ledger. Ripple (XRP) is the fastest and most efficient intermediary for the financial system. It aims to reach globally replacing the conventional banking and financial system. It was set up in 2012 as a distributed open source protocol. The aim of Ripple (XRP) is to give “secure, instantly and nearly free global financial transactions of any size with no chargebacks.”
With 5408.69 % ROI (Return on Investment), Ripple (XRP) is the 3rd largest crypto coin in the market with respect to its market cap. The total coins in circulation are 42,004,966,728 XRP currently. The current market cap of Ripple (XRP) as on 23rd April at 02:04 UTC stands at 13,611,860,551 USD. The value of each coin in terms of USD and BTC are 0.324054 USD and 0.00006025 BTC respectively. The 24 h volume at the same UTC stands at 1,131,552,358 USD.
The path of Ripple (XRP) has been subject to many variations. Just at the starting of the year, the coin performed well for a week to experience a steep fall. The lowest point was achieved in the first month itself at 0.28 USD. However, after 1st April’s boom, the coin has managed to gain 20 % of its value in just 4 days. The market cap on 23rd March was 13,031,349,195 USD. And the value of each coin in terms of USD and BTC was 0.312757 USD and 0.00007745 BTC respectively. The market cap, as well as the value of the individual coin, has managed to grow by almost 5 % in the last 30 days.
As mentioned earlier, the price is hovering around 0.32 USD. The price should grow stably from now. The resistance should be at 0.36 USD. From there it may go downwards for some time. But by the end of this quarter, it should come at 0.42 USD to 0.45 USD. The medium-term outlook is also bullish. The end of 2019 should see the price at 0.8 USD level. The long term outlook places the value of each coin at 1.5 USD by the end of 2020.
We advise the short term investors to trade carefully as there are many variations in the price ahead for Ripple (XRP). Medium term investors and long term investors should hold their investments at least until the 1st quarter of 2020. They may get a dividend as high as 200%.