Price Analysis

Ripple (XRP) Price Analysis: Buying XRP Is More Popular Than Buying Bitcoin in US

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According to Google Trends, a number of US users search for the term “how to buy ripple.” So, apart from influencing financial institutions and banking industry, Ripple has stirred up common people in the US. Its number of investors are steadily increasing in the US for its ample benefits and security of cross border payments in its network. Ripple was released in 2012 as an iteration of Ripplepay. It is a real-time gross settlement system (RTGS), a remittance network and a currency exchange. It relies on a shared public database that use a consensus process to validate servers for ensuring integrity. Its token is represented as XRP.

Current status of XRP

XRP is currently traded at USD 0.351166 (UTC time 04:23). With a market cap of $14,658,994,575 USD and a circulating supply of 41,743,765,071 XRP, it is the 3rd largest cryptocurrency.

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Price analysis of XRP on the basis of XRP charts

RippleThe above chart shows that XRP is currently getting traded at 0.356448 USD or 0.00007176 BTC (UTC 04:29). Its current market cap is worth of 14,879,480,671 USD with a 24h volume of 2,773,977,645 USD. The same chart shows that approx. One month earlier, XRP had a trading point of 0.317192 USD. So, in this duration, the value of XRP has been increased by 12.37% with 0.320876 USD as a good support resistance.

Future price predictions of XRP

Recently, Japan’s MUFG bank has announced the signing of an MoU with Banco Bradesco, a Brazilian Banking Service. The MoU discussed a partnership between two companies for creating a cross border payment that will be powered by Ripple. Ripple is also expected to partner with Apple in 2019. So, it is pretty clear that not only, in the US, rather Ripple is getting recognized extravagantly globally for, it is all set to enter the gaming industry also.

Accordingly, Investing Haven thinks that due to these impressive developments, Ripple can be as high as $20 this year. The US Lifted predicted that by 2020, it can be around $22.79. Oracle Times assumed that XRP could spike as much as 2000% in the upcoming days. To be realistic, if Ripple can make the above advancements by 2019, then by the end of this year, it can be around $1.20 or can even be $2.

Conclusion

XRP is a very promising cryptocurrency in term of its performances and capacities. It is making steady developments in its network along with establishing eminent partnerships. So, it is expected that future days can be really bright for Ripple to be on a bull trend.

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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