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.
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.
Decentralpost’s XRP price prediction
The saga around XRP and its relation to the parent company (that doesn’t want to be that) Ripple is always ongoing.
Since the pandemic hit the world, cryptocurrencies tumbled 40-50% in a span of couple of days. It has been much calmer in the crypto waters since but not all coins have made a recovery.
XRP is still in limbo but the community dissipation is noticeable lead by some known personas on Twitter thathave publicly declared their “exit from the XRP communities”.
All of this goes to show that XRP is far from a safe bet when it comes to crypto investing, just the contrary. It is one of the riskiest bluechip coins that you can put your money into.
Bitcoin is still miles ahead when it comes to brand reputation and investors interest followed by Ethereum. It is a big drop after these two until we reach second and third tier coins, in terms of investors interest, like XRP.
Speculative value of XRP is still there, mostly thanks to its “famous” past but echoes of past times can only get you up to a point – after that, you need to provide value. And XRP hasn’t done that yet – so this XRP price prediction for 2020 and beyond is grim.
Ripple price prediction 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.