- 2019 – Ripple’s biggest year
- Ripple Price Analysis – XRP still trading on the $0.20 support level.
Last year, Ripple gained a substantial volume of enterprise support. The company was involved in several controversies all through 2019 for its supposed control of XRP. The company has played a major role in influencing the adoption of its digital asset XRP, partnering with payments guru MoneyGram, BitPay and BRD Wallet.
XRP Price Prediction – Ripple Price Prediction
Joining the leagues of Ripple’s partner were Crypto Lender SALT and digital asset ATM maker General Bytes also incorporated XRP, along with merchant processors like Digycode, Coingate, and Ingenico. These companies incorporated XRP in several ways, from platforms that allow people to transact the digital asset, to a wallet, to those that now accept XRP as a means of payment. Even the Liechtenstein post office started selling XRP, alongside BTC, ETH, BCH, and LTC.
Founder of XRPArcade and researcher, Leonidas made a list of platforms and projects that declared plans to use XRP in 2019. Below is the list of the largest organizations that have added their support to XRP.
- BRD Wallet
- Trust Wallet
- General Bytes
- Liechtensteinische Post AG
- Hodl Finance
- Trader’s Way
- Hodl Financ
- Antalya Homes
- Grand Capital LTD
- Stark Payments
- Falcon Private Bank
In all, 38 companies started utilizing XRP in the year 2019. Also, Ripple’s fundraising and development wing, Xpring, has distributed over $500 million toward companies seeking to construct on blockchain and possibly support XRP. Recent investment Ripple is involved in include Vega Protocol, Coinme, Dharma Protocol, Kava Labs, Robot Ventures, SendFriend, and Raised in Space Enterprises.
XRP (XRP) Price Today – XRP / USD
According to the report, Ripple owns over half of the overall supply of XRP, the company received massive criticism in 2019 for selling some holdings to invest in the space. In recent months, the firm has reduced its sales. Though, David Schwartz, the company’s chief technology officer, states that anyone expecting Ripple to end its close links with XRP will be “massively disappointed.”
Ripple Price Analysis – XRP still trading on the $0.20 support level
Ripple has been facing severe price fluctuation as the price of the coin is trading at the edge of the cliff following a recent denial at $0.225. How long will the $0.20 support hold? On the 4-hour chart, the bulls might get support as the 55 and 200 EMA might provide support. Also, there is a support level at 0.2021 and the 0.2000 psychological support is nearby. On the upside, the major resistance stays at the previous wave high of 0.2250.