Price Analysis

Ripple (XRP) Price Prediction: Will Ripple Get the Final Push to Get Out of the Crypto Rally?

Ripple (XRP) is an independent digital currency supported by Ripple Consensus Ledger. It was created by the Ripple Labs Inc. with an aim to become reachable to everyone across the globe. The major USP of this coin is to transfer the value with commendable short duration. Along with the option of cryptocurrency, it also gives the facilities of a real-time gross settlement system, currency exchange, and remittance network. It is based on open source protocol which maintains complete anonymity and data security of the users.

Current Statistics-

XRPRipple (XRP) is the 3rd largest crypto coin in the global market with an ROI of 4929.57 %. The total coins in current supply stand at 42,004,966,728 XRP. The current market cap as on 30th April at 02:54 UTC stands at 12,398,759,638 USD. The value of each coin in terms of USD and BTC stands at 0.295174 USD and 0.00005622 BTC respectively. The current 24 h volume at the same UTC stands at 911,045,402 USD.

Comparison-

No other coin might have seen instability in the way Ripple (XRP) has seen. The coin started the year with a decent value of 0.37 USD. But it soon fell to its lowest level in a month to 0.28 USD. However, the biggest gain was made on 1st April market boom. It gained around 15 % of its value in 4 days. The market cap on 30th March was 12,809,729,854 USD. And the value of each coin was 0.307139 USD. The current market cap and the value in USD have deflated by 3 % in these 30 days.

Prediction-

The value of the coin is moving on a slippery road. It has been falling since 10th April. We predict the value to fall further. But these scenarios are not going to last. By the end of May, the value should start showing strengths. The resistance level will be at 0.33 USD. By the end of 2019, the value should be at 1 USD. And there are some recent tie-ups with major banks and financial institutions, and these tie-ups may push the value to 20 USD level.

Conclusion-

Both the medium term and long term outlook is absolutely bullish. The long term specifically is to watch for. This may give the coin holders a profit of 20 times the value they are holding now. Short term investors need to walk cautiously. The value will fall further making a good deal for buying. But the timing for selling the stock will be crucial.

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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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