Ripple XRP

Ripple Price Prediction – Future Forecast for XRP (Dec 24th Update)

Short term price analysis:

Total market cap behaviour

After swift moves down, then up, market has entered a sideways action for almost a week. But this sideways trend seems to be tilting south as the total market cap keeps leaking value by day.

One note: below numbers for total market cap are from Tradingview and has a discrepancy of around $8 billion to CMC data.

The total market cap dropped to our predicted zone of $162 billion – it stooped all the way to this level on December 18th before bouncing back up (data by Tradingview). In the jolt up, market touched on the $195 billion zone and bounced down to another low at $191 billion before slowly losing ground and sliding to the current $185 billion.

Right now, it is sitting an inch below an important support level of $187 billion. This is a critical level – if we lose the battle for it, another drift to the $160 billion is in play.

You could call the drops to the $162-163 billion levels a double bottom and declare a trend reversal but I am still not confident we are in the clear and safe from bears. Getting above $205 billion (data by TView) would be a final confirmation that we are starting an uphill move.

I would argue that total market cap chart is the most important one to pay attention to as it is a leading force and direction leader for all coins, bitcoin included.

As you can see below, Fear & Greed Index is deep in the extreme fear zone even though it did move up a bit since it was below 20 last time we did our analysis. It is still very possible that we actually do drop another $25 billion of value before we can talk about an actual reversal.

Latest Crypto Fear & Greed Index

XRPUSD Price Analysis – 17 Dec

Below is our analysis from 24th November which has proven to be very accurate:

As the chart signals right now, XRP is about to receive a heavy beating by the bears. A slide to local bottom of $0.21 is almost a given but a further drift into an abbys is also a very likely option with $0.12 as the next somewhat strong support. That is the price XRP had in July 2017 – summer of bitcoin craze.

Getting out of XRP, if you haven’t done it already, is more than a wise decision right now.

Not much has changed and we still see the above scenario as the most likely thing to happen in the coming days/weeks.

And here is a new chart that shows XRP’s struggles and path to the lowly $0.12. The price hanging in balance at the current $0.19 but this support level is unproven and XRP is at the mercy of bitcoin and overall market – if the market moves south, XRP is definitely heading to the $0.12 area.

Ripple and XRP News

Below is a summary of the most important happenings around XRP in the last month:

  • Omni Rentals, a $35 million-funded storage and rental startup backed by major crypto firm Ripple, is reportedly shutting down its operations. As Omni is expecting to close its platform by the end of 2019, about 10 of Omni’s engineers will be hired by major American crypto exchange and wallet service Coinbase, tech-focused publication TechCrunch reports Nov. 25. Source
  • Ripple has completed the acquisition of its $50 million stake in remittance platform MoneyGram, the companies announced Monday. Source

Below is our long-term price prediction for XRP.

Ripple XRP price prediction

The Ripple forecast for the past year has not turned out as well as expected. Nevertheless, the company has reached some milestones and is still in the upper echelons in terms of market capitalization.

Will the XRP price continue to grow in 2019 and how realistic are these expectations?

Ripple XRP Basics

Ripple was founded in 2012 by Arthur Britto, David Schwartz and Ryan Fugger. Initially they used C ++ and designed a network for real-time clearing and currency exchange.

In 2013, the Ripple Transaction Protocol (RTXP) came into being: The new payment protocol allowed instant money transfer between two parties.

Between 2014 and 2017, Ripple focused on the banking sector. RippleLabs experimented with an app for iPhone that allows users to send and receive money transfers. Since 2013, the Ripple protocol has been implemented by numerous financial institutions to offer an alternative method of remittance for individuals.

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The German Fidor Bank was the first company to use the Ripple network for cross-border payments during 2014. Prominent banks such as Cross River Bank, CBW Bank, Earthport, HSBC and Bank of America followed suit.

Ripple now has more partnerships with financial institutions than any other crypto currency.

Ripple has made a name for itself as a bridge between traditional banking and blockchain technology.

Ripple forecast: The decisive factors

There are a few points that make experts and analysts feel positive and suggest a good price trend. Among other things, these arguments speak for a price increase of XRP:

Demand: Many large banks are accepting Ripple as it will boost their competitiveness. The blockchain quickly put banks at a disadvantage in terms of transaction speed, fees and security. Ripple currently has more than 100 institutions as partners.
Ripple overtakes Visa: Until recently, Visa was best at providing transaction scalability. After the upgrades, Ripple can now process up to 50,000 transactions per second. By comparison, Visa can only handle up to 24,000 transactions.
New partnerships: Ripple can draw on a long list of current and future partners. Dozens of financial institutions will be using the XRP token this year. This will have a positive impact on the XRP price.
ODL – formerly known as XRapid : Ripple introduced this new solution in October 2018. By January 2019, at least 12 companies had indicated that they were using or planning to use XRapid. It improves transaction speed, security and reduces fees for international transactions and currency exchange.
More new features: Ripple introduced Codius to enable Smart Contracts. Xpring is another Ripple initiative that allows companies to invest in startups. Hopes for the release of the Cobalt algorithm are also high. This was announced in late 2018 and could have a strong impact on the Ripple price prediction and price performance.

Ripple price prediction 2019, 2020 to 2023

Currently, Ripple is ranked third among crypto currencies by market capitalization.

Experts and algorithms assume a good Ripple outlook for the next few years. It is very unlikely that Ripple will experience a complete crash, as it is too established and has won many large and well-known companies and institutions as long-term partners. There is disagreement about the price performance though:

Investinghaven: The XRP token is expected to rise to US$ 20 by the end of 2019. This price prediction is based on fundamental and chart analyses.

It is completely unrealistic, in our opinion, and since we are only a month away from the end of 2019, this prediction is as realistic as Marvel action here movies.

If Ripple continues to attract new partners and can ensure that more institutional money flows into XRP, the experts believe that this would lead to an increase in revenue.

Coinswitch: Based on the above facts, the experts estimate that Ripple will close 2019 at US$1.20. The price of Ripple’s tokens is expected to rise to US$1.20 by the end of the year.

As you might have figure out by now, this prediction is more than unlikely with the current state of crypto and XRP.

For the coming year 2020, the Ripple forecast foresees a moderate increase to US$ 1.40 to US$ 1.50. The price of the euro is expected to rise to US$ 1.50 by the end of the year. In 5 years, i.e. 2023, the price for 1 XRP could be 4.52 US$. The predictions are based on algorithmic analyses and possible market developments.

Smarteum: The analysis concludes that Ripple still has growth potential. But it is unlikely to be as successful as 2017. Smarteum’s Ripple price prediction also includes the competition to Stellar Lumens. Since they both fulfill a very similar function, Stellar’s profit could dampen Ripple’s chances. They believe that Ripple could reach US$3 to US$5 by the end of 2019. Which is ridiculous to expect now that we have only 6 more weeks to go.

Conclusion on the Ripple price prediction

XRP is a crypto currency that polarizes. There is hardly a coin where opinions drift so far apart.

It should be noted that Ripple is strongly centralized, but is also used as strongly and technically flawlessly. Especially service providers from the financial sector use Ripple actively. The number of partnerships with established banks is impressive and makes Ripple the talk of the town in the financial world.

How strongly the Ripple share price will develop depends to a large extent on how much the supply of available coins will develop. Demand for Ripple remains high. In an up-and-coming crypto market, Ripple is likely to pick up just as strongly with a high probability and maintain a top position. The Ripple forecast is therefore positive.

Matt Gomez

Matt Gomez is co-founder of DecentralPost. As a trained IT specialist for application development, he has been advising top companies on the following topics: online marketing, SEO and software for more than 10 years. The topic of crypto currencies is becoming increasingly important for companies and investors. Matt wants to give everyone easy access to the material through the DecentralPost.

1 comment

  • This article is complete garbage and a complete joke that you are quoting anyone thinking Ripple will be $20 in the next 6 weeks.

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