Home » XRP Price Prediction 2020: Is There Any Hope?

XRP Price Prediction 2020: Is There Any Hope?

XRP price prediction 2020

Ripple XRP prediction 2020 – If you participate or at least follow the cryptocurrency market, you will know that predicting the price of cryptocurrency is not an exact science. The market is influenced by a lot of internal and external pressure factors that can spur a sudden breakout or plunge. Here, we will examine some of the possible prices of Ripple in the coming years and we look at the XRP price prediction 2020 and beyond.

What is Ripple?

First, let’s start by speaking properly. Ripple is not the same as XRP, this is a property of private companies that builds real-time payments, exchanges, and shipments recorded in a blockchain.

Ripple was born in 2004 when Ryan Fugger built the first prototype of a decentralized payment system under the name RipplePay. In 2005, the system was initially launched with one objective: to offer a reliable payment solution in a global network.

Jed McCaleb and Chris Larsen took over the company in 2012 and renamed OpenCoin. Since then, the project has begun to focus on protocol development to provide payment solutions to banks and major financial institutions. Three years later, the company returned to its original name to date, Ripple.

In 2019, Bank of America confirmed a collaboration with Ripple XRP Ledger to test the general ledger technology distributed on cross-world payments.

Bank of America is not the only financial institution to test this technology. The Spanish banking giant named Santander also announced a remittance system to cover the US-Mexico which is very crowded.

Santander implements Swift Ripple as an alternative to long-lived systems. The latest report says that over 300 banks and payment systems have begun testing Ripple xCurrent and on-demand liquidity (ODL) in 2019.

XRP Fundamental Analyst

The predecessor of the modern Ripple platform, the RipplePay system, appeared in 2004. Canadian programmers Ryan Fugger managed to create a decentralized payment platform for a variety of users.

However, this project is not much of a success. Then Fugger decided to go further. He changed the existing system of banks and interbank payments. He wants to make that payment into a decentralized system.

The system was updated to appear in 2012 and was called Ripple. The company is engaged in the development and maintenance of a platform called Ripple Labs.

Fugger, together with other developers, created a decentralized secure platform for payments between retail and even legal entities (institutions especially banks). In addition, the launching of the cryptocurrency platform, called Ripple, with ticker XRP.

XRP Price Chart

This coin starts in the market with an estimate of $0.06. The increase in the price of XRP is mainly due to the conclusion of the partnership with issuing banks. Since 2014, XRP has begun to grow rapidly.

Remained at the top of the first 2017 in. The possible increase is associated with the opening of offices in Singapore and Mumbai. One XRP is worth $0.34.

First break

XRP Price chart

The CHNRD peak occurred in January 2018. The highest XRP price occurs on January 4, 2018. That is $3.84. During 2018, the coin price fell slowly, and in September, the price of XRP fell to the level of $0.29.

The Second Price Break

price of ripple xrp

In September 2018, from the date of the rise to $0.56. For more than a year, the price of XRP is in sideways trends at prices of $0.5 and $0.2. Today, one XRP is equal to $0.291321 in USD.

If we compare the dynamics of XRP with the level of background news, it is easy to know that the message about joining a large bank or the network payment service Ripple to provoke the short-term money hike.

So the public reacts to the company’s success. It is understandable. How unhappy for the company, which, for example, changed successfully launched the project with one of the largest banks in the world, Santander. This is just one of the hundreds of Ripple ranks.

XRP price prediction 2020

With the market being so volatile, predicting the price cryptocurrencies truly one of the most difficult tasks.

Let us consider the leading publications and personalities, and their statements regarding the price forecast Ripple (XRP), which will give us a fairer idea:

XRP Price Predictions from Ripple Coin News

xrp usd price

Ripple coin news, the second-largest news site based on traffic, predicting that after a bed of thorns. The coming years may appear as a subtle ripple period because there will be additional to partnerships and new technologies, which power price hikes for 8 to 10 dollars.

XRP Price Predictions 2020 from Investment Haven

Investment Haven, a crypto prediction site, has made predictions bullish optimistic for 2020 because it believes that 2020 will be the perfect year for Ripple. They have stated that the XRP may reach as high as $ 20 in 2020 as it thinks XRP has the highest potential among all other cryptos.

UsLifted Make Prediction XRP Price

UsLifted, prediction website crypto believe that by 2020, XRP will reach newer heights and may reach $ 22.79 with an outstanding supply of 38,739,145,924 XRP.

Oracle Time Price Predictions XRP

Oracle Times recently mentioned in one of their articles that they predict that the XRP perhaps as many as 2000% surges and they mentioned it could be possible only if Ripple is the best choice for cross-border payments by financial institutions. cross-border transactions account for about $9.8 trillion.

XRP Price Predictions 2020

The cryptocurrency market at the end of 2019 is called “winter crypto”. And opens the door to face a slow recovery for most cryptocurrencies, especially Bitcoin. However, XRP Ripple starts at nearly $0.35 and consistently decreases as the days go by without jumping well known except for the mid-year rally driven by Satoshi currency.

By halving Bitcoin events scheduled in 2020, the market expects a recovery that may positively affect all coins, including Ripple. For the first quarter of 2020, the volatility can be high, with lots of ups and lows as market participants digest the big event.

Apart from Bitcoin’s performance, which may attract more people to the crypto market. other factors that will play a major role in the dynamics of prices Ripple is institutional interest. Additional partnerships with major banks and financial institutions can encourage XRP about $1.40 to $1.50 towards the end of 2020.

Ripple can open up the market to a level of $ 0.78 and can reach up to $1-$1.5 until next year. And then it may have an independent trading platform and bitcoin investments like this and Ethereum. Close to the level of about $1.20 at the end of 2021.

It can give tough competition to other currencies such as litecoin and Dash. Ripple has come up with Codius. Which can help developers write contracts intelligent and decentralized applications, Xpring, which allows people to invest in startups associated Ripple. Cobalt is something that is expected to be launched in 2020. Which aims to reduce transaction time from 4 seconds to 1 second. (XRP Price Prediction 2020)

Ripples in the plan, and distribute 2 billion tokens for the Indian economy. XRP fans even found if XRP would have been registered in Coinbase during the summit, he could have overtaken Ethereum.