Will Ripple (XRP) Rebound In The Next Quarter Putting A Halt To The Bearish Trend?
Ripple (XRP) is a blockchain based digital currency enabling cross border payments. The platform boasts to settle payments faster and in a more secure environment. It has been doing rounds in the crypto market for its advanced features and better technological assets than its competitors. It is just a matter of time that the crypto becomes a preferred choice for the merchants around the world for its easier & user-friendly model. Ripple provides three forms of money transfers through its network, using xCurrent, xRapid and xVia. While xCurrent & xVia are open to other currency exchange also, xRapid is exclusively used for Ripple transfers only. All platforms are reliable and charge a nominal fee. This has led to attracting more and more players to integrate XRP with their business models.
As on May 01, 2019 at 09:34:00 UTC, the market cap is 12,922,269,083 USD, the price of the coin is trading at 0.30 USD & 0.00005715 BTC and the 24 h volume is 1,257,925,729 USD. The ROI of XRP is currently at 5,154.99%. The circulating supply has reached 42,004,966,728 XRP against the total supply of 99,991,643,723 XRP and the maximum supply of 100,000,000,000 XRP. According to the CoinMarketCap top 100 cryptocurrencies list, Ripple is ranked at the 3rd position trailing Ethereum.
The price of the coin has been showing a consistent pattern in the last 30 days. As on April 04, 2019 at 02:34:00 UTC, the price was trading at 0.36 USD & 0.00007016 BTC, the market cap was 15,441,657,497 USD & 24h volume was 2,378,132,837 USD. The downward trend of -16% has been noticed in the last one month. The highest price peaked at 0.37 USD & lowest dipped to 0.28 USD. In the last 7 days, the highest price of XRP was recorded at 0.32 USD, and the lowest was 0.28 USD.
Ripple is very aggressive in its pursuit of securing significant partnerships with some of the key financial institutes and banks globally. Although the coin has not shown much movement in the past one month, the traders are still interested & betting high on the crypto anticipating a sudden surge in prices anytime now. As far as popularity and adoption of XRP are concerned, it is growing exponentially. The CEO of Ripple, Brad Garlinghouse, has been very vocal about the giant leaps made by their team to explore different avenues for faster growth. The team has recently partnered with Federal Bank in India to empower its cross border remittance. Additionally, the crypto also boasts of companies like Cuallix, SBI Holdings & Mercury FX in its expanding partner’s list. MoneyTap, SBI Holdings’ blockchain based platform has already collaborated with more than 10 banks to use the platform for their transactions which is positive news for Ripple. Hence, we can expect the coin to grow as high as 1 USD by the end of 2019. It can reach around 5 USD in two years down the line and can be priced at 20 USD in the next 5 years.