2019 may be a good year for Ripple. Recently,after a down period, its value has started increasing. This might be the last chance to buy Ripple cheaply. According to experts, Ripple coin price is bound to increase in value. Based on the network’s popularity, a well-built platform,worldwide investments are penetrating in the mainstream society and the media as well.
Ripple coin price: What are business people saying?
Majority of the people in the business agree that the Ripple coin price might go up. The Ripple coin price is bound to appreciate even though no one can really tell when it will happen. Experts are reluctant about making a Ripple coin price prediction higher than $5000. Experts suggest that XRP may reach up to $1000 coin in a few years. The analysts also argue that the Ripple coin price may touch $10or $15 per XRP by the end of 2018 and up to$30 a coin by 2019.
With xRapid being active, the user base expands on a weekly basis. The XRP coin operates on a reducing balance basis where every transaction subtracts to the total supply of the coin. This kicks in the scarcity factor which will be a major factor in driving the Ripple coin price up. Although the percentage increase and the time it takes to appreciate can only be speculated.
Ripple coin price: What should be the range next year
In 2019 the Ripple coin price may open the market with a rate of $0.78 and may reach $1.10 by May 2019. In 2019 Ripple may have an independent trading platform and investment routes just like Bitcoin and Ethereum. The Ripple coin price may close the year with a rate of around $1.20. This indicates that ripple will give a rough time to other coins such as BTC and ETH in terms of their percentage increase in price.
As of the time of writing, the Ripple coin price stands at $0.308719. The Ripple coin platform is an innovative system. Ripple is backing up financial institutions and banks in their quest to provide faster and efficient transactions that are built around customers trust and on the network.
Moreover, companies like Western Union and Bank of America are already testing the ripple network in order to process remittances.With successful testing of this network, it can easily lead to widespread adoption of the Ripple protocol. This will ultimately increase the usage of XRP
According to different predictions, the Ripple coin price is taking an upward surge. According to word bank,there is a large market for Ripple to tap potentially as global remittance payments are expected to increase by 3.4% up to $466 billion in 2019.
The foundation behind the Ripple coin, Ripple foundation, is actively upgrading and creating new technologies that are capable of driving the Ripple coin price to even greater heights. Another factor that will add fuel to the Ripple coin price is the embracing of Ripple’s payment protocols.
The Ripple foundation is also actively pushing for its xCurrent, xVia, xRapid protocols to be embraced by those seeking partnerships as it also explores ways to integrate the Ripple coin into the payment protocols. With the increased adoption of these technologies, the price of XRP will increase further as well.
Given the momentum of the Ripple Foundation in pushing for partnerships that are bound to drive the Ripple coin price higher, 2019 may just prove to be among the brightest years for the Ripple coin price. It must be remembered that just recently, the Ripple coin unseated Ethereum as the second largest virtual currency with the second highest market capitalization.
The XRP coin is still ranked number two on coinmarketcap with a market capitalization of $13 billion. Ethereum currently has a market capitalization of $9 billion. With such statistics, the Ripple coin price is headed to the top when the bulls return.