XRP is the only digital currency that enjoyed the bull market to the fullest despite coming late to the party. The digital currency has braved the storms of the crypto winter and outperformed so many other coins. Most of its successes can be linked to its parent company, Ripple. Many digital asset investors believe that XRP and Ripple will have an amazing year. This has been seen from the XRP prediction 2019 from several analysts. Here are some other reasons why the pair will soar above others in 2019.
XRP (XRP) Price Today – XRP / USD
Is the next crypto bull run here already?
From the current charts, it is easy to argue that the next crypto bull run has commenced. Especially considering the events of the past week. The coin is the 3rd largest crypto by market cap according to CoinMarketCap. It sits right next to Ethereum which is one the second position.
A few weeks ago, XRP ousted Ethereum from its second position even though it was for a short period. Ethereum retook its position, but XRP made a statement that has stuck in the hearts of all crypto enthusiasts – it is powerful and has great potential.
Some investors predict that the coin will take over bitcoin in the long term.
#xrp 2 hour pic.twitter.com/VYfQbBP6K4
— The Archer (@_the_archer) April 5, 2019
Production contracts for XRP
XRP has gotten a lot of clout and publicity in the industry from different mediums. Most daily XRP news are featured on top sites such as Forbes and Bloomberg. Social media sites such as Twitter and Facebook see a fair share of XRP news. Most of these publicities come from the coin’s association with Ripple.
Ripple took the industry by storm when it was first launched as an innovative blockchain company. From it, XRP was born and even though the company has come out to state that it does not have full control of XRP, the bond strengthens the cryptocurrency. This is because it is decentralized and cannot be controlled in that manner.
Recently Ripple has also benefitted from the favorable market conditions. Some financial institutions have signed up to use its payment solutions such as xCurrent and xRapid. In the first quarter of 2019 alone, the blockchain company recorded an average of three production contracts.
XRP price rising by the day
The crypto markets are also favoring XRP. There was a bull market over the week which was mainly influenced by a surge of bitcoin. The top cryptocurrency surpassed the $5,000 mark and XRP took the cue. For about 48 hours now, XRP has seen more than 7% increase. Analysts have predicted that the trend isn’t ending any time soon.
Will XRP survive in the long run?
Coinmarketcap listed thousands of cryptocurrencies but only a few of these coins will survive in the long run. Ripple’s CEO, Brad Garlinghouse believes that the token will survive in the long run. He said this in a recent FinTech Ideas Festival earlier this year.
The CEO noted that many of the cryptos in the digital currency market do not serve specific use cases. He also said that their systems do not have liquidity. According to him, up to 99% of these cryptocurrencies will not make it in the long term. What makes XRP different? The coin has positioned itself in the market with different use cases. It is also facilitating adoption on a larger scale.
Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.