Ripple (XRP) is a real-time gross settlement system, currency exchange, and remittance network created by Ripple Labs Inc. It is also a digital currency being supported by Ripple Consensus Ledger. It aims to connect all the global financial institutions, and the global reach and accessibility will help saving time due to the efficiency and fast transaction turn around timing. It was created in 2012 with a vision to change the global financial system with fast and secure cross border transactions without any cost.
Ripple (XRP) is the 3rd largest crypto coin in the market with 4920.43% of ROI. The coins in current circulation stand at 42,004,966,728 XRP. The current market cap as on 26th April at 02:29 UTC is 12,337,355,823 USD. The value of each coin stands at 0.293712 USD and 0.00005569 BTC. The current 24 h volume stands at 1,307,384,741 USD.
Ripple is one of the few unlucky cryptocurrencies to have shown a decrease in the value at this degree. It started the year with a higher note of 0.35 USD. It could not continue the momentum and started showing variations in the pricing. The ups and downs attracted many speculators in the hope of gaining quick profits and speculations further aggravated the situation. But the major decrease in the value was started after the 1st April boom. Ripple is going on a bearish way with no signs of bull. The market cap on 26th March was 12,676,673,392 USD. And the value of each coin stood at 0.303949 USD. The current market cap is 2.67 % less than the market cap of 26th March. The value of each coin in USD has also decreased by 3.36 % in the last 30 days.
We predict the short term outlook to be absolute bearish. In the coming month, the value is going to take a dip further. It may reach as low as 0.28 USD to 0.25 USD level. The medium-term outlook is also bearish. By the end of 2019, the value has no possibilities of reviving. It may hover around the same 0.29 USD to 0.32 USD level. The constant price fall has worn the market value off. Investors are leaving the Ripple space making Ripple weaker day by day.
We advise the short term investors or the speculators to stay away from Ripple. Holding Ripple until 2020 also will not be a wise decision looking at other investing opportunities.