Price Analysis

Ripple (XRP) Price Predictions: Will Ripple be Able to Bounce Back after Bear’s Push?

Ripple (XRP) was set up as a network which facilitates real-time gross settlement system, currency exchange, and remittance. It is backed by blockchain technology and created by Ripple Labs Inc. The Ripple Consensus Ledger helps the coins to settle the values more efficiently and quickly than other conventional crypto coins. The motive of the coin is to connect all the financial institutions of the globe and make it reachable as much as possible.

Current Statistics-

XRPRipple (XRP) is the 3rg largest crypto coin in the market with a whopping 5369.90 % of ROI (Return on Investment). The total coins in current circulation stand at 41,970,748,057 XRP. The current market cap on 16th April at 04:04 UTC stands at 13,482,412,958 USD. The value of each coin stands at 0.321234 USD and 0.00006353 BTC. The 24 h volume at the same UTC is 840,660,255 USD.

Comparison-

Ripple (XRP) has started the year with a very high note of 0.37 USD. But it could not sustain the growth and fell 0.28 USD in just 30 days. The value has not been very consistent in its growth, and along with the market, it showed phenomenal growth after 1st April. Even this recent growth was for temporary. It soon started to deflate. The market cap of March 16th stood at 13,217,789,023 USD. And the value of each coin in terms of USD and BTC stood at 0.319023 USD and 0.00008002 BTC respectively. The current market cap is just 2.002 % more than the value of the past month. The value of each coin in terms of USD has also shown a minuscule 0.69 % growth over these 30 days. But, it should be noted that the highest point of this year was realized on April 05th when the value was as high as 0.37 USD.

Prediction-

We predict the coin to reach 0.35 USD by the end of the next week. Then the resistance would be faced at 0.40 USD. Then it may move downwards for a few days. The medium-term outlook is bullish with some signs of bear. We predict the coin to reach as high as 0.45 USD to 0.50 USD by the end of the next quarter. The long term outlook is definitely bullish. By the end of 2019, Ripple (XRP) is likely to reach 1 USD giving more than 200 % yield in a year.

Conclusion-

We advise the short term investors to make a buying position as the coin will rise in the recent future. For long term holder, holding for some more time will be profitable.

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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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