XRP and Ripple, the company behind XRP, have had a fair share of controversy over time. Until now, the company has been unable to shake off the XRP SEC saga, XRP volume manipulation, and the rumors of bribery among other things. Notwithstanding, XRP news has been about the developments by Ripple that will promote the adoption of the XRP token. At the beginning of the year, the XRP price prediction 2019 was bullish. Members of the XRP rich list were certain that this year would be a good year for the token. Right now, things aren’t so clear as people are now asking; is XRP a good investment in 2019? This question isn’t unfounded as the price action of the XRP isn’t in line with the development. XRP is currently undervalued and digital asset investors are worried that it may never be properly valued. So, is XRP a good investment in 2019?
XRP Price Prediction 2019 – XRP News Today – XRP Is Undervalued But Is It Worth The Investment?
First things first. Before you invest with volatile assets such as cryptocurrency, there are some things you need to know. Cryptocurrencies are unpredictable long-term. Analysts can make an XRP price prediction 2019 based on past, current and future trends but there is never a 100% guarantee that these XRP price predictions will happen as predicted. This is why it is important to invest only spare money in digital assets. The smartest digital asset investor is the one who doesn’t make the mistake of investing all he or she has in a given asset no matter how promising it looks.
Now that’s out of the way, let’s get back to the main subject; is XRP a good investment in 2019? XRP performed well in 2017 and 2018 even amid a bear market. Even if the current price of XRP is considered undervalued, it’s important to consider the use cases of XRP. XRP has created a lot of awareness because it is fast and affordable to use. Ripple’s xRapid platform which is powered by XRP is set to be the gold standard for international remittance. Compared to the traditional cross-border remittance service provider – SWIFT, xRapid is king. Transactions using the xRapid protocol are processed within less than 4 seconds while SWIFT may require hours and, sometimes, days to process such transactions.
XRP (XRP) Price Today – XRP / USD
Ripple has been able to convince more than 100 banks in the United States to use its technology and this includes some of the biggest banks in the world. However, the company is still facing challenges as many other banks are not ready to trust a new blockchain based protocol enough to surrender their power to control funds. If Ripple is able to convince more banks to use its xRapid protocol this year, the XRP price prediction 2019 will be influenced dramatically. XRP may sell as high as $1.06 before the end of the year.
Short XRP Price Prediction 2019 – XRP News Today – XRP Current Price
At the time of writing, XRP was trading at $0.333388. This means that it is up by 3.93% against the USD and up by 0.89% against the price of BTC. The trading volume over a 24 hour period is $917,627,179 and the market capitalization is $13,992,530,678.
XRP (XRP) Price Today – XRP / USD
If you’re a digital asset investor who is considering buying XRP, you may want to wait for the price to fall below the resistance at $0.30 before you buy. A price surge is expected to happen before the end of the year but a dip will happen first.
What do you think about the XRP price prediction 2019 in our XRP news today? Is XRP a good investment in 2019? Share your thoughts in the comment section.