XRP Price Prediction 2020 – Analyst Explains Why Ripple XRP (XRP) Is a Profitable Investment – September 13th, 2020

XRP2
  • Now is a great time to invest in XRP
  • Ripple’s client base and XRP fan are on the rise
  • XRP is likely to surge higher in the near term

Ripple News Today – The fourth-largest digital currency by market cap is currently changing hands around the 24 cents area, which is still very far from the XRP price prediction for this year. XRP has found strong support over the 20 cents mark and the technical picture suggests that the price of the digital currency may recover in the coming period.

XRP Price Prediction – XRP Presents a Nice Buying Opportunity

If you want to buy XRP or increase your XRP holding, now is a good time. The current price level of the digital currency represents good value for what you pay, making it a great time to invest in the digital currency. At the moment, XRP has a pretty good risk/reward ratio on the digital currency market and XRP investors stand to gain a lot more for taking a comparatively smaller risk.

The fan base of XRP is increasing every day, as more investors are acquiring the digital currency. Many financial institutions are also using the payment protocol of Ripple to transfer money. More than 30 percent of the 100 largest banks in the world have tested or are already using the protocol of Ripple.

XRP (XRP) Price Today – XRP / USD

NamePrice24H %
ripple
XRP(XRP)
$0.245
1.56%

Some prominent names such as Bank of America, Global Payments Steering Group, UniCredit, Barclays PLC, UBS & Santander, Mitsubishi UFJ Financial Group, and many others have tried the system. The CEO of Ripple – Brad Garlinghouse – said that thee transaction volumes of the digital currency are expected to surge several times in 2021 and its customer base is expected to surge by 30 to 50 percent. Once this happens, the price of the digital currency would surge significantly and XRP could be one of the best performers on the digital currency market in the coming period. Analysts are saying that the predicted growth does not seem unrealistic and more financial institutions would adopt the cross-border payment technology of Ripple.

Ripple XRP Price Prediction – XRP Bulls Are Gearing Up to Break $0.30

The technical picture of the digital currency indicates that the price has bottomed. However, is XRP ready for a rebound? From the technical analysis, the key trend of the digital currency is neutral-bullish. At press time, the major hurdle on the upside is close to $0.28 and $0.30 while the major support level of the digital currency is close to $0.20. If the price of the digital currency breaks over the $0.28 mark, it would be a “BUY” signal and pave the way for more gains towards the $0.30 mark. A break over the 30 cents mark would pave the way for the next bull run towards the 35 cents mark.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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