Price Analysis

Ripple (XRP) Price Analysis : Is Ripple Capable Enough to Reach $10 by the End of 2019?

RippleNetwork is an open source platform and serves as a network of institutional payment providers of various financial institutions. It is intended to be a simple payment machine that can create a massive upsurge by ubiquitously facilitating international transactions. XRP is the token of the Ripple Network that represents the transfer of value across this network.

Current status of XRP

XRP is currently getting traded at USD 0.308729 (UTC time 05:41). Based on its market cap, it is the third largest cryptocurrency with a circulating supply of 41,666,017,553 XRP. Its present market cap is worth of USD 12,863,495,553. It is currently running on a bearish trend by -0.72%.

Price analysis of XRP on the basis of XRP charts

RippleBased on the chart above, XRP is currently getting traded at 0.308678 USD or 0.00007679 BTC (UTC time 06:01). Its present market cap is getting traded at 12,859,884,919 USD with 648,958,655 USD as its 24h volume. The same chart shows that approx. One month earlier XRP had a trading point of 0.318552 USD. So, in this approx. One month, the value of XRP has been deterred by -3.09%.

Future price predictions of XRP

Majority crypto experts have convictions that Ripple will not only reach new peaks in this year but, will also create new highs. This is the reason why the analysts believe that investment of XRP can be a good option now. With its supporting international payment network, Ripple is continuously adding new clients to its community. Many financial institutions are already using Ripple to make cross border payments worldwide. The more it will be adding clients, the more will be the value of its market cap.

Keeping all these facts in mind, majority crypto analysts assume that it can trade around $3-$ five by the end of 2019. If one considers investing in XRP currently, then, he probably can have great returns in the future but, it is only applicable for long term investment. Ripple is widely known for its wonderful digital payment protocol that fosters money transfers in any form. According to Investing Haven, XRP can reach $20 by the end of 2019 as they think that it has massive chances to stir up the digital payment network. As per UsLifted, XRP may reach to $22.79 if it increases its community greatly.

Ripple is set to make a partnership with Apple this year, and if this turns out to be the reality, then there is no doubt that Ripple will have a great investor and its market cap will rise significantly.

Conclusion

Ripple is great crypto that has benefitted financial organizations in a global aspect. It is set to make partnerships with global giants’ including APPLE this year. This can create a positive impact on its price hike. Moreover, volatility of the crypto market will reduce by the end of this year which can also benefit XRP to raise its value.

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David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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