In an XRP price analysis on Zycrypto.com, the analyst points out that the price of XRP may still have the chance to surge if history is to repeat itself. You see throughout 2017, other cryptocurrencies were outperforming XRP. Still when the time came, the price of XRP moved from $0.25 to $3.90. For months now, the price of XRP has been stuck in a descending trendline. There has been no significant surge. In fact, it has been losing its ground. More than once, the price of XRP fell below the support at $0.3000. Now, the XRP army and other members of the cryptocurrency community are talking about the XRP price prediction 2019.
A strong member of the XRP community started the conversation by saying that many people have lost faith in XRP. In his words;
“Some people really think that $XRP can’t hit $10.00? If people are calling for this bull run to be 3X of what it was in 2017, then that should be an easy number to hit.”
While this Tweet is optimistic, it sparked up a debate. Some users said it would be impossible for XRP to move to the $3 talk less of the $10 level. Another user said that if XRP is to hit $10, it’s market capitalization would have to be larger than the current market capitalization of Bitcoin. This person noted that there has been a significant increase in the circulating supply of XRP between when the price hit $3 and now and this is going to be a challenge. This is a valid point but it doesn’t mean it is impossible for XRP to have a market capitalization that is higher than the current market capitalization of Bitcoin.
When the cryptocurrency bull run starts, Bitcoin will have the potential to have double of its current market capitalization. So having Bitcoin’s current market cap isn’t going to make XRP the foremost cryptocurrency. This also means that a price surge is possible.
XRP Price Prediction 2019
At the time of writing, XRP was trading above $0.30. Keep in mind that the price of XRP was driven to its all-time high due to a combination of factors including market conditions, hype surrounding XRP and Ripple among other things. Now, the price of XRP has more than hype to support it; it has use cases. Thanks to the release of the xRapid protocol, it’s only a matter of time until XRP reaches mass adoption. You see the more financial institutions adopt xRapid, the higher the demand for XRP. Eventually, this would reflect on the price. Let’s not forget that the wider market is also gearing up for a massive bull run.
Ripple XRP News Today – XRP Is About To Blow Up
During the 2017/2018 cryptocurrency bull run, the price of Bitcoin moved near $20,000. At the time, every other cryptocurrency in the market experienced a surge just like Bitcoin. This includes XRP. The price of XRP hit the $3.90 from $0.25 within a short period. As you’ve seen from our previous XRP news and XRP price prediction, the price of XRP is near this $0.25 level again.
According to the latest XRP news on cryptodaily; so even though Bitcoin seems to be flying off on a bull run and the rest of the market is in its shadow, Ripple’s XRP can’t seem to be able to get off the ground. In fact, XRP has been around the $0.30 mark for almost an age now.
Even though XRP is seemingly sleeping right now, there have been a great number of positive developments that the price has yet to reflect, suggesting that the third biggest digital asset is going to blow up when it wakes… in a good way, don’t worry. This year has been a bit tame on XRP.
Not much has happened for the price action of the coin but there is a number of developments and partnerships going on behind the scenes which make it hard to ignore. Institutions like IMF, EU Commission and the World Bank are all on board with Ripple so, in a few years, XRP could be the top dog after Ripple partnerships.
As reported by Invest in Blockchain:
“In March 2019, Ripple’s XRP-powered xRapid remittance product was highlighted by the World Bank in an article about improving remittances services and blockchain technology.
They even praised Ripple’s xRapid pilot program in the US-Mexico corridor, noting that involved financial institutions saved between 40-70% on foreign exchange rates and drove payment times down to around 2 minutes, as opposed to a few days.”
What we’re trying to say is, Ripple seems to be on the verge of something great!
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