- Ripple ‘s potential to hit $3.0 by the end of 2020 is immense.
- Ripple’s XRP demand and adoption are likely to grow at great lengths, riding on the On-Demand Liquidity platform.
Ripple has over a short time become a global sensation in international funds transfers. The San Francisco-based blockchain startup is known for developing cutting edge payment systems connecting banking institutions globally. Ripple already has more than 200 partners under its RippleNet network. Ripple also launched on-Demand Liquidity, a platform is geared towards enabling faster and cheaper cross-border payments The On-Demand Liquidity continues to gain traction, spearheaded by MoneyGram. With this product, companies can easily expand in new markets as liquidity problem is solved.
- Ripple 2019 Price Performance
- Ripple 2020 Price Update
- Prediction for 2020
- Experts’ prediction
- Project Outlook
- Technical Analysis
- Future and Growth
- Buying XRP with Credit Cards
|Market Cap||24 Hour Volume||24 Hour VWAP||24 Hour Change|
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Ripple Market Data
|Project Name||Ripple (XRP)|
|Current Supply||43,685,558,183 XRP|
|Total Supply||99,991,237,614 XRP|
|ROS Since Inception||3,802%|
Ripple 2019 price performance
Following the downtrend experienced in 2018, Ripple and other major cryptocurrencies spent most of 2019 fighting to break the losing streak. XRP started the year 2019 trading around $0.36. A lot of consolidation took place between January and April. However, a breakout occurred sending Ripple to yearly highs at $0.50. Unfortunately, the highs happened to be the best XRP could achieve as bears swept in erasing most of the gains to last December’s lows at $0.1750.
Ripple (XRP) 2020 Price Update
Although Ripple close 2019 in the negative, the same cannot be said regarding the first month of 2020. From December’s lows at $0.1750, XRP has broken past several key barriers including $0.20, $0.22, $0.24 and $0.25. At the time of writing, the crypto is teetering at $0.2372 amid increasing bearish pressure. Support is expected at $0.23 if declines are to continue in the short term.
Ripple XRP Price Prediction For 2020
Coingape predicts that 2020 will be the year that Ripple regains its glory. In terms of adoption, we expect Ripple to continue expanding the reach of its services around the world including the rapidly growing On-Demand Liquidity. The banks under RippleNet will also increase in number with more big players joining the ecosystem.
In terms of price prediction, XRP has the potential of hitting $3.0 by December 31, 2020. However, traders and investors should get accustomed but not intimidated by the expected up and down movements especially with the volatility likely to come with Bitcoin halving event in May 2020.
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Ripple Price Prediction By Each Year
|Year||Current Price||Potential High||Potential Low|
Experts’ Prediction for Ripple’s XRP for 2020
Ripple CEO Brad Garlinghouse
The CEO of the blockchain company Ripple, Brad Garlinghouse recently expressed a lot of faith in the XRP token. He said that the majority of cryptocurrencies are likely to struggle in 2020 to the extent that some will become unsustainable. However, Brad believes that Ripple has the potential to bring solutions to the existing problems in the long run. According to Garlinghouse, 2020 is the year for XRP to perform incredibly.
Prediction by CryptoMaps CEO Craig Cole
Craig’s expert opinion says that Ripple has the potential to be the catalyst for the cryptocurrency marking, allowing digital assets to be more mainstream. According to Craig, the adoption and acceptance of XRP by financial institutions would ensure that transactions become faster and cheaper. He adds that XRP has already given financial institutions an opportunity to bring down the costs and could as well disrupt the market.
Ethereum co-founder, Vitalik Buterin
Vitalik said via Tweeter recently that XRP is a crypto that exhibits stability and could potentially rival other major “cryptocurrencies. The coin’s major strengths lie with its ability to easily support cross-border payments as well as attract financial institutions into the crypto universe.
Atomic Wallet Ripple Prediction For 2020
Atomic is among the valued media outlets in the industry. In the website’s extensive prediction for XRP, Atomic Wallet says that the crypto market is a dynamic one. For this reason, the exact price outcome is uncertain.
“Ripple will have a sustainable and long term success if it continues building strong relationships with financial institutions. It should grow its relationship with the media.”
InvestingHaven Ripple Price Prediction 2020
One of the rapidly growing cryptocurrency websites, InvestingHaven believes that the downtrend in 2020 was nothing but “traction in adoption.” The website says that holders of XRP should brace themselves for “a bullish outcome before March 2020.”
The more bearish the sentiment around #XRP the more bullish we are because:
1) traction in ADOPTION
2) chart pattern a giant rounding formation similar to #silver in 2002
Expect a bullish outcome before March 2020.
— InvestingHaven (@InvestingHaven) December 8, 2019
Price predictions apply most to the long-term investor who needs to have a clear forecast for the next year to five years. UsLifted expects Ripple to go into a lot more ventures, as a result, XRP will gain in value.
The Analyst continues with XRP’s price prediction for 2020:
“I expect 2020 a magical year where the crypto market will reach to its all-time high. You believe it or not but I strongly believe that by the end of 2020 XRP will reach to around $22.79 with the supply tokens 38,739,145,924. Hence Ripple will have a lifetime high market capital of $88.28 billion dollars.”
Most experts are bullish on XRP and all are banking on Ripple’s prospects and plans for the future as well as the adoption of its blockchain systems. Tremendous growth is expected in 2019 and 2020. Similarly, XRP predictions go as far as 5 years from now. GetEx reckons that:
“Some experts have pointed to a projected value of $4.52 in 2023. They suggest this growth based on recently-divulged partnership plans with a number of European and Latin American banks and payment systems. That integration would boost development of the underlying XRP and Ripple technology, (and naturally the price of the asset).”
Experts Zeroing In On XRP Price Prediction And Performance
Although we are heading to the end of the years, some experts and cryptocurrency influencer websites are still weighing in on Ripple’s price performance. According to Changelly, Ripple’s price action is largely correlated with Bitcoin. Hence, the fall and the rise in value with respect to the general structure of the market. Changelly says:
“The widespread use of XRP is out of the question. It uses xRapid technology, but it remains unclaimed. If it becomes widespread, or other options for the practical application of XRP appear, the token will have real value and objective prerequisites for a significant rise in price.”
The founder of TechCrunch Michael Arrington reckons that “Ripple is a really, really good way to move money.”
According to Coinnounce, XRP growth is directly dependent on the adoption of the token within and outside the community. The partnerships increasing the use of XRP will eventually lead to a pump in the price of XRP as demand increases. Coinnounce predicts:
“If these changes continue to take place in the Ripple community, and the platform continues with its steady growth, XRP can surge upwards. The chances of XRP touching the $1 mark by early 2020 will be possible. This upward trend can further continue for the rest of the year.”
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Ripple XRP Technical Indicators
RSI daily: 63
50 SMA daily: $0.2135
200 SMA daily: $0.3738
Key support levels: $0.2400, $0.2200, $0.2000 and $0.1800
Key resistance levels: $0.2500, $0.2600 and $0.2800 and $0.3000
According to Ripple’s website, the native token XRP provides banks and other payment providers with a robust reliable on-demand means to access liquidity for the much needed cross-border money transfers. Ripple use cases range from offering banks with liquidity in real-time without fail as mentioned, as well as payment providers who desire to enter new markets while lowering foreign exchange while at the same time speeding up transactions.
In comparison to other cryptocurrency projects, Ripple settles transactions in just 4 seconds while Ethereum does that in over 2 minutes and Bitcoin takes more than 60 minutes. Traditional banking systems lag behind by a large margin, 3-5 days. On the other hand, Ripple transactions per second (TPS) stand at 1,500 but has the capacity to achieve levels of Visa.
Ripple Price Technical Analysis
Ripple has already had a formidably good start to the year 2020. Following the correction last June highs at $0.50, XRP found balance at December lows around $0.1750. The recovery that ensued since December has broken the downtrend mentioned an even pushed the price above $0.20, and $0.24 barriers. Moreover, a recent breakout jumped above $0.25 but failed to break the next hurdle at $0.26.
Meanwhile, XRP is trading at $0.2496 and holding on tightly to the 23.6% Fibonacci retracement level, taken between the last swing high of $0.50 to a swing low at $0.1750. In the event, the price returns above the $0.25, there is the potential for XRP to continue with the bullish momentum towards $0.30.
Technical Analysis suggests that the prevailing sideways correction could last longer. The RSI, for example, is moving horizontally at 60. The ranging action is also reflected with the MACD, which currently levels at +0.00885.
XRP/USD Daily Chart
Ripple Future and Growth
Ripple is often regarded as the future of cryptocurrencies in terms of technology infrastructure as well as mainstream adoption. Armed with its flagship products: RippleNet and On-Demand Liquidity the network is set to be the bridge between cryptocurrencies and the traditional banking system. More importantly, Ripple believes that it will soon overtake SWIFT to become the preferred cross-border money transfer platform. SWIFT has its own share of struggles that are dealing with including long processing time and unreliability.
On the other hand, Ripple as mentioned above already has signed partnerships with more than 200 banking institutions. Besides, this number is expected to grow with the current expansion to the Middle East and the Asian regions. Ripple’s XRP demand in the future will mainly come from banks as adoption increases supported by the need to send money across the border faster, reliably and at low cost.
Buying XRP with Credit/Debit Card
Access to cryptocurrencies has improved significantly in the past few years. Initially, users were required to buy either Bitcoin or Ethereum before exchanging the coins for XRP on an exchange platform. While the situation has improved greatly, most users still find it difficult to buy XRP directly using credit/debit cards because only limited platforms permit this type of direct purchase
Changelly is an incredible crypto exchange website that has been developed to serve the digital asset class. The platform incepted in 2013 now supports the purchase of XRP using either credit or debit cards. It is one of the most secure websites to buy XRP and other supported cryptocurrencies while the process is not complicated.
This is another secure website you can safely buy XRP using the credit card. Coinmama also supports other payment methods including SWIFT and SEPA. The platform allows the purchase of XRP using both USD and EUR. It is currently available in 198 countries and is proud of its 24/7 customer service support. Once the account has been created and verified, a user is allowed to place the order for XRP.
This website offers one the fastest ways to buy XRP using a credit card. Supported currencies include USD, EUR, GBP, and other local currencies. The process is simple as creating a user account, getting verified and lastly placing the order.
Currently, there are hundreds of websites and exchanges that allow the purchase if XRP using credit and debit cards. The above are just but a few of them. It is important to research and chose a platform that works best for your preferences.
Ripple XRP Price FAQs
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Ripple Price Prediction Update: XRP/USD Shifting Price Focus In 2019, 2020,2021,2022 and $2023
It is dawning on investors that the end of the year is nigh. However, Ripple (XRP) is yet to meet the expectations of the investors in terms of performance. Interestingly, XRP has remained predominantly in the third position by market capitalization. In other words, despite the not so impressive show this year, investors, enthusiasts, and other XRP users are holding on to the hope that the crypto will pull a surprise move upwards.
It is also clear that a lot happening in this mega cryptocurrency project, including mind-blowing partnerships and adoptions. Ripple, as a company, continues to scale the heights by striking more partnerships with some of the world’s largest banking institutions.
How Ripple’s Partnership With MoneyGram Is Shaping XRP’s Future?
Ripple has been able to achieve several spectacular milestones following the ground-breaking partnership with MoneyGram. An increase in XRP transaction volume has been linked to the partnership. The volume of XRP on Bitso exchange hit highs above 6 million this week.
Ripple’s CEO Brad Garlinghouse believes that the partnership will have a lasting effect on XRP’s adoption. Garlinghouse recently told Yahoo Finance that “It’ll start to ramp in Q4, but really we’ll start to see more consequential volumes in Q1.”
Ripple’s Growing Basket of Partnerships
Partnerships have become the tested method of growing a tokens utility as well as adoption. Ripple, in particular, has developed an eye for some of the desirable partnerships in the industry. With this, the company is making roots within the global financial systems.
In the latest round of partnerships, SBI Ripple Asia is partnering with SBI Remit as well as TPBank of Vietnam. The partnership will see cross-border remittances increase within the RippleNET network.
Consequently, as of October, Ripple had 118 bank partnerships, 16 remittance/money transfer firms, seven foreign exchange forms, two cryptocurrency exchange platforms, 12 payment providers, and six software and technology firms.