XRP News Today – XRP is the third largest cryptocurrency per market capitalization. While it doesn’t even cost up to $1, it one of the large market capital coins with only Bitcoin and Ethereum ahead of it. On more than one occasion, the XRP market capitalization has taken the second position from Ethereum. Why is XRP so hot? Is it worth the investment or is it all a hype? Is the XRP price prediction 2019 bullish? What is the latest XRP price forecast?
When it comes to the cryptocurrency space, diversifying your investment is everything. Bitcoin is still the largest and most popular cryptocurrency in the space. This fact cannot be disputed. However, investing in Bitcoin alone isn’t a smart move. This is why altcoins like XRP, ETH, and others are in existence. One of the key factors to consider when you’re investing in an altcoin is the growth rate since inception. You see in the year 2017, the XRP token surged by more than 28,000%. This was what allowed it to secure its position among the top three. Even if the price of the cryptocurrency hasn’t experienced any extraordinary surge this year, there is still hope as the XRP price prediction 2019 is bullish long-term.
Ripple, the company behind XRP, intends to become the world’s foremost provider of enterprise-grade blockchain solutions for cross-border remittance. So far, the company has been able to provide excellent use cases for XRP that prove that its vision can become a reality. Even if Ripple never admits it, at least 60% of the success of the XRP token depends on the success of Ripple. The payment protocol by Ripple is going to lead to a long-term growth of XRP. However, this will only happen if the protocol isn’t crushed by obstacles and competition.
XRP (XRP) Price Today – XRP / USD
You see the XRP token is the fuel that drives the xRapid protocol. This protocol has several advantages over the traditional payment systems. It is faster, cheaper and more efficient. Sending money from one country to another using Ripple’s technology is almost instant. People are tired of the delays and heavy fees associated with SWIFT. However, rather than buying Ripple’s technology and depending on the XRP token, some banks have started building their own internal blockchain protocols. This is going to pose a serious challenge to XRP and Ripple. While Brad Garlinghouse has assured the XRP army that the these new blockchain based internal settlement systems aren’t going to pose any challenge, investors are still not at ease.
XRP News Today – XRP Price Prediction 2019 – XRP Latest Update – Current Price Of XRP
At the time of writing, the price of XRP was $0.428809. This means that it is up by 0.34% against the USD and up by 0.08% against BTC. The trading volume over a 24 hour period is $1,859,316,729 and the market capitalization is $18,225,222,039. In our previous XRP price prediction 2019, we noted that the token will reach new highs soon. There is still a high chance of this happening. Near-term, the price of XRP will most likely test $0.50 for the first time this year.
What do you think about our XRP price prediction 2019 in our XRP news today? Is XRP a good investment? Share your thoughts in the comment section below.