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Price Analysis

Ripple (XRP) Price Analysis : Ripple to Cross $1 Mark in 2019

Ripple or XRP was launched in 2012 and is now one of the leading cryptocurrencies in the world. XRP is the native digital asset of the Ripple Network, and it is aimed to offer faster, affordable and reliable cross border payments. US technology company, Ripple uses both XRP ledger and XRP. It is developing a range of solutions designed to cause a breakthrough in the global payment industry.

Current status of XRP

XRP is currently getting traded at USD 0.309841, and it is the third largest cryptocurrency in terms of its market cap. It has a circulating supply of 41,432,141,931 XRP, worth of $12,837,364,671 USD. Its current value has hiked up by 0.14% in respect to its yesterday’s value.

Price analysis of XRP on the basis of XRP charts

RippleThe above chart shows that XRP is currently getting traded at 0.310942 USD or 0.00007941 BTC. Its current market cap has a trading value of 12,883,008,265 USD. Its current 24h volume is worth of 543,957,905 USD. The same chart shows that approx. One month earlier, XRP had a trading value at USD 0.304170. So, considering these two price points with nearly one month gap in between them, we can say that the value of XRP has been increased by 2.22% today. It’s the earlier trading value of 0.300168 USD has provided a good support resistance.

Future price prediction of XRP

Ripple has already got many marquee names from banking sectors as their clients, and these include Axis Bank, Santander and MUFG, Standard Chartered and American Express. Their partnerships with these giant financial leaders have helped them to tackle liquidity issues, and they are targeting many financial sectors day by day which can eventually upraise their users.

As per the report of Ripple Coin News, XRP will soon be launching many new updates, and with gearing partnerships to come, its value can be around $8-$10 by the end of this year. According to Investing Haven, 2019 is going to be a flawless year for XRP and its value can be as high as $20 in this year. As per UsLifted, XRP can reach a height of $22.79 by 2020.

Conclusion

Ripple has many updates to come and probably, this can be a breakthrough for them to raise the value of XRP substantially to a higher level. Considering the above analysis and predictions, XRP can be a good option for two-year investment.

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Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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