Are you interested to invest in the Ripple currency, but are you unaware of how far will XRP price reaches? Then you are at the right place to have your queries answered
But, now you might be wondering about the right time to invest in Ripple, also if it is worthy to invest in Ripple, and also what will be the impact of investing. Calm down! As DMN is here to answer all your doubts about investing in Ripple.
In this article, we will provide you with the complete price predictions of Ripple (XRP) and find out what the new XRP price estimates look like for 2020 and beyond.
Definitely it is worthy to invest in Ripple! But why?
- Currently, 55 billion out of 100 bln XRP coins are in escrow. This means it avoids the decrease in the Ripple price.
- Ripple aims to establish quick, safe, and cheap exchange procedures all over the world.
- Ripple platform allows only the pre-approved participants to manage a node and verify XRP transactions.
Hence, Ripple accounts to be the fast, secure and versatile payment platform that allows transactions free from government intrusion and bank participation. The exchange fees also stay agreeable with 0.00001 XRP which is nothing in comparison to the cross-border payments. Now let us check out what XRP forecast for 2020 is.
What Is Ripple (XRP )?
Ryan Fugger first voiced the concept behind the Ripple payment platform in 2004, However it was not until Jed McCaleb and Chris Larson took over the project in 2012 that Ripple started to be developed.
Ripple (XRP) is the currency that runs on RippleNet, a digital payment network, and is on top of the XRP Ledger distributed database. The XRP Ledger is open source and is not built on the blockchain, but rather on the distributed ledger database previously described.
The RippleNet payment platform is a mechanism for real-time gross settlement (RTGS) that aims to enable worldwide instant monetary transactions. You can simply use any currency to trade on the network, though XRP is the cryptocurrency native to the XRP Ledger.
Ripple (XRP) Price Today
Ripple’s price is currently standing at $0.255 USD after losing around 1.33% within the last 24 hours. It is anticipated to expand to more nations and intends to double market inflows relative to $2 million in 2019 and has already begun to do so.
The highest point attained was recorded at $0.260 at 05:30 hours UTC .
Apart from the price of XRP, the coin’s market capitalization is tethering around $11.53 billion, and $1.96 billion has been exchanged in volumes over the last 24 hours.
Did You Know? Ripple was one of the top-performing cryptocurrencies of 2017, up by a staggering 35,500% for the year.
XRP Technical Analysis
August 2013 was the time when Ripple first entered the crypto market. During that time Ripple was trading at $0.005882 resistance levels. As time passed by, the Ripple price started trading at a higher rate.
During the year 2013, Ripple traded at the resistance levels of $0.005882. Then in 2014 and the subsequent years, the price of Ripple began to trade at a higher rate.
Until 2017, when the entire crypto industry was in its rapid growth, its valuation stayed somewhat flat. In May 2017, the first price peak occurred. Back then, the XRP rose to $0.36 per coin. This was followed by the launch of the Ripple office in Mumbai. For the next six months, rates stabilized in the $0.20 mark.
During March 2018, Ripple was trading at the rate of $0.697269, which was clearly an 11,752.28 percent increase.
In 2018, XRP Price saw a huge change as the rates reached an unbelievable value. In January 2018, XRP to USD which was worth $0.06 reached the highest value of $0.4 in May 2018. Also, the cost was around $0.25 in autumn which suddenly raised to $0.8 in December. The traders also had an experience of XRP reaching a threshold value of $1. At the time, many XRP addresses made the XRP rich list and also the list of richest crypto wallets.
January 2019 was a good kick start for Ripple as it was trading at $0.35 in the initial stage. But, by April 2019 the price suddenly decreased to $0.29. Furthermore the year 2019 saw huge fluctuations in the price increasing to even $0.43, then decreasing. Again the price increased to $0.47, decreasing further by the end of Q3, 2019. With South Korea and many other countries banning crypto, the total market cap has diminished.
Ripple (XRP) Price Prediction 2020
XRP was priced about $0.20 a coin in January 2020. Then there was a rapid bull rush that pushed the price towards the $3 mark.
It had gained over 150 percent of its starting price in January towards the beginning of March and was floating at about $0.35. Before the end of the first quarter, however, XRP started to see a slow decline in its price, escorting the price down to $0.15 by late March.
A small price recovery occurred in the second quarter of the year, in April. A large number of predictions for XRP in 2020 are optimistic, according to industry research. On average, it is estimated that XRP will grow to as much as 200% of its current price.
Into the second quarter of the year, in April, there was a little price recovery. Although this was not enough to push prices back to its year-till-date high, the top crypto is still struggling to sustain little gains from what was accrued in the first quarter.
According to market analysis, a considerable number of predictions are bullish on XRP in 2020. On the average, XRP is predicted to surge as high as 200% of its current price.
This is presumed to be the midpoint of two extreme XRP price predictions ranging from $0.8 to $2. It is reasonable to balance the opinions at around $0.4 which is the most feasible upside that XRP can achieve in 2020.
XRP Price Prediction 2021
In 2021, XRP is believed to have implemented many other roadmap milestones which will escort the price towards higher heights. By the end of 2021, XRP may surge as high as $3 per coin.
XRP 5 Years Price Prediction
In the next 5 years, XRP may progress to record prices within the $4-$8 vicinity. However, the most workable idea is to expect a midpoint. As adoption matures, users will be able to buy Ripple in the most affordable and convenient way. By 2025, it is feasible that XRP price may reach as high as $6.
XRP Market Prediction
With this volatile market, predicting the price for cryptocurrencies is quite difficult. To get a clearer idea on the Ripple price prediction, let’s consider some of the imminent publications and personalities, and their statements regarding the Ripple price prediction:
- Investing Haven XRP Price Prediction: Investing Haven is a crypto prediction website that believes 2020 is going to be a flawless year for Ripple. They predict that XRP might reach as high as $20 by 2020 as it believes XRP has the highest potential, amongst all other cryptos.
- FXStreet & Express.co.uk XRP Price Prediction: These websites give a moderate prediction saying that XRP has potential and may reach $3-$5 by the end of 2020. This is an assumption based on the fact that Ripple is the best Investment opportunity of 2020.
- UsLifted XRP Price Prediction: UsLifted, a crypto prediction website believes XRP would attain newer heights and might reach $22.79 with a circulating supply of 38,739,145,924 XRP by 2020.
- LongForecast XRP Price Prediction: According to the renowned LongForecast XRP forecast, the asset will go down to $0.26 in 2020.
- Oracle Times Ripple Price Prediction: Recently, in one of their articles, Oracle Times mentioned that they predict that XRP might surge as much as 2000%. They also mentioned it could be possible only if Ripple becomes the best choice for cross-border payments by financial institutions.
- TradingBeasts XRP Price Prediction: In 2020, the coin price will not change a lot, and the average one will be $0.36 predicts TradingBeasts.
According to all of these predictions, the majority of the companies are sure Ripple will not reach $10. But, the price of $5 is the realistic sum. Eventually, the value $5 will also represent 15x ROI which is actually great.
Our XRP Predictions
Basically, Ripple is known for its technology known as RippleNet. RippleNet is a bank-to-bank payment system where cross-border payments are made instantly, which was able to attain a lot as compared to the previous year.
For the year 2019, the technology aims to expand to many more countries. It also has a target of doubling the market inflows. When 2018 is considered, the market flow value was $2 million and currently, Ripple is working on creating double market inflows.
A series of experiments were implemented in the year 2019. Like institutional money flowing to XRP token, it’s continued and steady growth to reach its unique network effect. Suppose if these advancements are successful, then nothing on earth can stop Ripple from reaching the heights of $0.4 by the end of 2020.
XRP Influencer Price Prediction
Roman Guelfi Prediction: Roman Guelfi is one of the respectable crypto enthusiasts and experts who believe Ripple will achieve bigger milestones in the year 2020. Explaining further he said, as the market starts observing huge invasion of projects, other cryptocurrencies may take a step back and XRP will sway above all.
Ripple (XRP ) News
XRP Is the Most Relevant Crypto in the CBDC Space
On Sep 28, 2020, World Economic Forum Says Ripple’s XRP Is the Most Relevant Crypto in the CBDC Space
Ripple Partner with FIS
On Sep 24, 2020, Ripple Partner with FIS and the Clearing House Join Forces to Bring Real-Time Payments for US Banks
Ripple CEO Takes on Indian Government’s Decision
On Sep 17, 2020, Ripple CEO Takes on Indian Government’s Decision to Ban Cryptocurrency Trading
Ripple and XRP the same?
XRP is the digital asset of the Ripple network.
Ripple is a technology company that provides the most efficient solutions to send money globally using the power of blockchain technology.