- Ripple Forecast 2020 – Cryptocurrency Analyst Says Ripple XRP Will Surge to $14
- How Much is Ripple Today, January 30th, 2020
Ripple News Today – XRP is still the jewel of Ripple, the Silicon Valley-based Fintech company. Unfortunately, the price of the XRP token hasn’t done so well when compared to the level of exposure and technological developments that Ripple has achieved. The Ripple Forecast 2020, just like the price prediction for 2019, is bullish. Members of the Ripple community have made several Ripple XRP price predictions but the most unbelievable would be the expectation of a rise in the price of the token to $14.
Ripple Price Forecast – Ripple To Rise By 6000% – Dream Or Reality?
According to the Ripple XRP price prediction on NewsBtc, the price charts indicate a breakout from the downtrend resistance that Ripple has been stuck in since the 2018 bear market. Right now, there is a pattern in the charts that will pave the way for massive gains if it is broken. The analyst claims that being the native asset for Ripple’s blockchain is one of the fundamental factors that will lead to a rise in the price of XRP.
Ripple is indeed making waves as a Fintech company with over 300 institutions using the protocol. However, if we are being realistic, we will acknowledge that Ripple XRP has not been a successful financial asset so far. One of the key reasons why Ripple is failing as a cryptocurrency is that it is over-centralized and has many similarities with security. This is although it is used across banking institutions and has disruptive potential. This has caused XRP to gather speculative value. Most people are buying XRP not because of its current price action but because of what they believe will happen in the future.
How Much is Ripple Today, January 30th, 2020?
Ripple News Today – The analyst who made the $14 XRP price prediction referred to XRP’s previous significant rise in price after reaching a breakout point. Right now, there is a pole-like structure and a consolidation at key support in the descending channel. History shows that this is a major bull flag. If XRP can break this trend, the price will hit $14 in 6000% in price.
At the time of writing, the price of XRP was $0.235971. This means that it is down by 1.09% against the USD and down by 1.27% against the price of BTC. The trading volume over a 24 hour period is $1,801,440,064 and the market capitalization is $10,308,530,192. Keep in mind that the cryptocurrency industry is highly volatile and unpredictable. So, you should not keep your fingers crossed while waiting for this Ripple XRP price forecast to take place.