XRP news today – XRP is one of the most promising projects in the cryptocurrency space. This fact cannot be disputed. Over the years, XRP has been able to make significant progress as a banker’s cryptocurrency. In our XRP news yesterday, we talked about the XRP 589 dollar price prediction that has been circulating among digital asset investors in the XRP army and XRP rich list. You see a prominent digital asset investor on the XRP rich list is the author of the 589 XRP price prediction. According to him, Ripple’s cryptocurrency, XRP, has what it takes to move as high as $589. Considering the fact that the current price of XRP is not as high as $1 this XRP price prediction may be difficult to accept. In our XRP news today we are going to consider the possibility of the price of XRP hitting $589 eventually.
XRP Price Prediction 2019 – XRP 589 Price Prediction – XRP News Today – Ripple News – XRP To The Moon?
There have been many XRP price predictions over the years but none is as popular as the XRP 589 price prediction. Before we start talking about the chances of XRP ever reaching this level, let us use Bitcoin as case study. You see Bitcoin, the flagship cryptocurrency, went from $0 to $19800 within less than ten years. When Bitcoin was created, no one would have believed that it would ever sell as high as $20,000. If Bitcoin, a slow blockchain with limited use cases can record such incredible gains, what stops XRP from hitting $589?
The XRP blockchain is faster than Bitcoin and cheaper to use. A transaction on the XRP ledger can be settled within minutes. This as opposed to Bitcoin which gets slower as time passes. XRP’s speed makes is a valuable medium of exchange especially for cross-border transactions. Another reason why XRP has strong potential is that it is backed by a rich and influential company, Ripple. Ripple is one of the top Silicon Valley blockchain tech companies in the world and its ultimate goal is to be the foremost payment protocol for local and international transfer. Last year, Ripple launched the xRapid protocol which depends on XRP for liquidity. This makes XRP more worthy to carve out a share of the $600 billion remittance sector. If XRP is able to dominate even 10% of the international remittance sector, it is going to have more than enough liquidity to reach global adoption.
XRP Price Prediction 2019: XRP Price Forecast – Current Price Of XRP – $589 XRP Price Prediction Isn’t Unrealistic
At the time of writing, the price of XRP was $0.441875. This means that it is up by 0.32% against the USD and up by 3.04% against the BTC. The trading volume over a 24 hour period is $2,401,205,545 and the market capitalization is $18,639,168,202. At its all-time high, the price of XRP was at $3.93. The token has survived the cryptocurrency winter, XRP SEC saga, and different attempts at reputation damage. In the cryptocurrency space, nothing is impossible. So, there is a high chance that the XRP 589 price prediction will happen. It may not happen today or tomorrow but it will happen eventually.
What do you think about the XRP 589 dollar price prediction? Will the price of XRP ever sell as high as $589? Share your thoughts in the comment section below.