XRP price prediction 2019

In recent times, Ripple gained a lot of traction in the crypto community due to its promising partnerships with global financial companies like MoneyGram, American Express, Santander, and many others. Ripple’s technological advancements are arguably revolutionizing the cross-border transactions and the payment protocol has many achievements under its belt.

So, what makes Ripple play a special role in the world of blockchain technologies? Will Ripple fare well in the near future?

ChangeHero made a short investigation of the coin’s price forecast for the fourth quarter of 2019.

What is Ripple?

Ripple is an open-source protocol, that functions as a peer-to-peer payment system. Ripple was launched in 2012 with aims to facilitate faster transactions around the world leveraging the blockchain technology. XRP is the native token that is used for making transactions across the Ripple network, named RippleNet. Ripple enables settling of global transactions for banks and payment providers. XRP is the third most valuable cryptocurrency with a market cap of over $11Billion as of mid-September of 2019.

XRP functions on its own patented technology called the Ripple Protocol Consensus Algorithm (RPCA), thereby allowing cheap, transparent, and secure payment operations for users.

The protocol system offers businesses a huge number of programs that help cross-border payments. xCurrent — is a payment processing system for banks that enables instantaneous transactions and tracking of cross-border payments. xRapid provides a liquidity solution to financial institutions and minimizes fees. And the last, xVia, allows businesses to send payments and interact via the RippleNet.

What Makes Ripple Stand Out?

Faster and trusted transfers are just the beginning of what Ripple can offer to the crypto market. RippleNet is more technologically advanced than the conventional ones and highly decentralized. This leads to highly scalable and secure transactions through its network. All the transactions taking place in the RippleNet enjoy faster confirmations and cheaper rates. XRP has an average transaction time of 4 seconds and can handle over 1500 transactions per second a great deal more than Bitcoin, Ethereum and other popular cryptocurrencies.

XRP performance statistics
Source: Ripple
Santander partnered with Ripple to speed up cross-border transactions. RippleNet is already adopted for commercial purposes by the top participants on the financial scene like MoneyGram, RBC, Axis Bank, and many others. It is an obvious indication to consider the bright future of the coin.

Ripple’s holdings in the XRP cryptocurrency market gives the coin an incredibly powerful position at the crypto arena. According to CNBC, Ripple owns about 60billion of all XRP, which gives the company a valuation of at least $20 billion.

XRP’s Historical Performance

XRP all-time price chart
Source: CoinMarketCap

XRP has remained considerably stable during its initial years. Throughout the year 2013, Ripple’s price was stable with XRP tokens sold at less than $0.01 each. XRP saw a considerable rise in its price at the end of the same year. The following year prices dropped during the initial months and grew at the end of 2014 and hit $0.028.

In 2015 Ripple saw mild fluctuations during the initial months and traded at around $0.00746 in the month of July. The graph remained considerably stable in the following year and remained quite stable. However, during the year Ripple succeeded in partnering with a long list of banks over the globe: UniCredit, UBS, ReiseBank, CIBC, National Bank of Abu Dhabi (NBAD), and many others.

XRP price chart for 2017-2018
Source: CoinMarketCap

In the year 2017, Ripple started trading at $0.0066 in January continued the flat-run for consecutive months. During the same year, RippleNet members hit 100 and resulted in increased adoption. Ripple’s price rose dramatically in December can be connected to the key partnerships with American Express and Santander. As cryptocurrency interest exploded in the middle of December, its price increased dramatically over $2.50.

XRP price chart for 2018-2019
Source: CoinMarketCap

Ripple continued the previous years bull run and hit its all-time high of $3.84 on 4th of January 2018. Despite the fall of its price after its peak, 2018 can be considered as the year of innovation and expansion for Ripple. Ripple collaborated with MercuryFX and Cuallix in piloting xRapid and announced its commercial availability at the end of the year.

XRP started trading at $0.354 and did not go through any major fluctuations in the first half of the year. As of writing, Ripple has a price of $ 0.256720 with 24 Hour Volume of $967,658,635. XRP is ranked third of all cryptocurrencies with a market cap of $11,045,218,125.

Expert Opinion

Experts have mixed opinions about Ripple’s price for 2019 and future. Some traders believe that XRP might be bearish, while others predict that the price will grow in the near future. A famous trader and tech analyst Peter Brandt blamed Ripple in manipulating the market and said that its price will fall by another 20%. According to Cointelegraph, Brandt tweet was removed at the time of writing for unknown reasons.

Twitter user JOKER's XRP technical analysis

JOKER, a crypto analyst predicted recently that the fans should go for a long-run on XRP and it will reap good profits. Another market analyst, who feels more positive on Ripple forecast in Q4 2019. Naeem Aslam expressed his opinion in a tweet, that XRP is oversold, and traders might have a chance to make a fortune in future.

According to the Investing Heaven XRP has the highest potential amongst all other cryptos. Beside, CryptoNewz analysts say Ripple might be capable to reach around over $3 in 2019. On the other hand, BeinCrypto predicts that Ripple might see a minor growth by the end of the year.

As we can see, most of the predictions on Ripple’s price for Q4 2019 look positive and XRP has the potential to reach new heights in the near future.

ChangeHero’s Bottom Line

With the biggest announcement of a partnership with the money transfer giant, MoneyGram, Ripple has over 200 promising customers on the RippleNet. The upcoming 2019 Swell Conference would probably grab the attention of the community and new announcements will have a significant impact on the price of the XRP.

ChangeHero believes Ripple will continue to reach new heights by the end of this year. Ripple is accumulating new clients and banks all over the world, who have started adopting the Ripple protocol. The coin has emerged as a major player in the cryptocurrency market, due to its potential to change the way the world transfers money over long distances.

If Ripple continues the same trend in partnerships and adds new products to its system, it will mostly witness an increase in its value in the coming future. That fact could make XRP a great investment opportunity.

Where to Exchange Ripple?

ChangeHero is always available when you need to exchange your crypto. We are always glad to provide you with Ripple and other cryptos, with the best Fixed and Float rates. You can also buy XRP with a credit or debit card in a matter of minutes.

Subscribe to ChangeHero Blog and follow us on TwitterFacebookReddit, Telegram and Medium for more price forecasts, exciting offers, and interesting news.

Learn more:

Quick links:

Disclaimer: The price prediction is done basing on the past performance of the respective cryptocurrency and opinions from the community. It should not be considered as a recommendation for trading. The future performance of the cryptocurrency might vary due to the volatility in the cryptocurrency market.

Related Posts
XRP Price Prediction 2019
Article Name
XRP Price Prediction 2019
Ripple is enabling the banks to adopt the blockchain tech to make remittances easy. Strong ties with businesses play a key role in driving the XRP price up.
Notify of
Inline Feedbacks
View all comments