In the current state of the crypto market, going by price trends, it is usually the coin with the most collaborations that always manages to increase its value. Ina similar fashion, the price of XRP has managed to gather a few feathers following a host of collaborations with the CULedger partnership as the latest. XRP has added CULedger to R3’s Corda network. what does this mean for XRP price prediction 2019?
XRP (XRP) Price Today – XRP / USD
The goal of the initiative is to facilitate growth for the cross-border payment options run by the credit-union centric firm. CULedger hopes to use the partnership with XRP to help its credit union deal with the issue of fraud, cybersecurity, and malfeasance.
XRP Price Prediction 2019: CULedger Partnership Will Cut Down Administrative And Operational Costs
Along with the aforementioned solutions, the collaboration is also designed to boost “member experience, and streamline internal processes. Its goal is to reduce both administrative and operational costs.” Per the official press release following the partnership between both entities:
“This new endeavor will allow the credit unions using our (CULedger’s) network choose from a range of near-instant, more affordable and secure domestic and cross-border transaction options to meet the needs of their member’s.”
The price of XRP is predicted to reach $1 by the end of the year. How has XRP fared so far?
XRP Price Prediction: Comparing the Price of XRP From 30 Days Earlier to the Present Levels
XRP is currently the number 3 largest digital asset by market capitalization. The coin has a return on investment of 6330.62%. There are no less than 42,116,677,673 XRP in circulation. While the coin’s market capitalization stands at $15,861,473,575 as of press time according to CoinMarketCap. The price of XRP is currently $0.37 with a 24 hour volume of $2,014,491, 795
XRP’s growth pattern has been stable throughout 2019 so far. The coin has performed fairly. The lowest point of the price of XRP was on April 25 when the coin reached $0.29. However, it can be seen via the charts that there’s was a huge gain on May 12 when the price of XRP went from $0.31 to $0.46 in only 3 days. The total market capitalization of XRP as of April 23,was at 13,624,621,998 now $15,861,473,575.
The price of XRP was $0.32 now $0.37 in the same period. XRP’s current market capitalization from the said date to now has increased by 16.41%. The price of XRP from the same period to now has increased by 15.62%. This means XRP has improved.
XRP Price Prediction 2019: The Price of XRP is Bullish in the Medium and Long-term – XRP Price Forecast
According to the charts highlighting the action of the XRP/USD pair, the price of XRP will be bullish in the medium-term. Experts hope the price of XRP will rise to $0.45 in the short-term at least. The next resistance points will be $0.45 and $0.50. Considering all parameters and technical indicators the price of XRP is predicted to reach $1 by the end of this year. This means the price of XRP is bullish for the medium-term.
Considering the fact that the price of XRP will be bullish in the medium-term, now is the time to stack up XRP. The current price levels are perfect for new entrants to join the XRP community. Long-term holding will also pave the way for huge profits for the Long-term.