News XRP Price Prediction: Ripple’s Digital Asset Could Reportedly Reach...

XRP Price Prediction: Ripple’s Digital Asset Could Reportedly Reach $2,57 Or Even $5.14 By December 2019

-

- Advertisment -

Ripple’s digital asset XRP is one of the most stable cryptos on the market.

Back in 2018 when the crypto market was under a bearish trend and towards the end of the year prices fell harder than ever, XRP still managed to hold on.

It even surged by 300% in a bullish rally back in September 2018. But can XRP’s price rise this year?

In 2018, all coins experienced a terrible fall and Bitcoin dragged them all down. But now, more crypto voices are hinting that Ripple’s coin will definitely have a bright future.

Reaching new highs in 2019

Ripple’s XRP is seen by many as a great investment opportunity this year.

The company behind the token is continually adding new clients. For instance, RippleNet now boasts over 200 members and the number keeps growing.

There are several financial institutions that are using the Ripple protocol in order to transfer digital assets all over the world, and big names like Banco Santander and more are involved.

More factors are hinting at the fact that Ripple’s XRP is definitely undervalued now.

The predictions claim that as Ripple will be adding more clients to its ecosystem, the overall XRP market cap will grow and the value of the coin will follow the same steps.

Some crypto experts believe that XRP could reach $2.57 or even $5.14 by the end of 2019, according to Express.co.uk.

XRP Price Prediction: Ripple’s Digital Asset Could Reportedly Reach $2,57 Or Even $5.14 By December 2019

350% increase in live payments

Brad Garlinghouse stated that in 2018 100 financial institutions have joined RippleNet and the network has witnessed a 350% increase in live payments.

RippleNet is also signing about two to three clients on a weekly basis, and most of them are financial institutions that require the settlement of cross-border payments.

Ashay Mervyn, JNFX head of emerging markets, praised RippleNet as a cost-effective alternative.

He said: “Payments between countries are beset with inefficiencies—inefficiencies around cost, inefficiencies around speed and inefficiencies around transparency.”

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

GoCrypto presents truly contactless payments with a simple solution for merchants and buyers

7 April 2020 — The recent events have rapidly changed the way we live, including our shopping...

Bitcoin SV has found a new niche in the gaming industry

Gaming companies and online casinos are increasingly paying attention to cryptocurrencies as a possible payment tool. Several...

Why could GLBrain become a great solution to receive support during the crisis?

To support smaller and medium-sized businesses during the ongoing crisis, GLBrain offers services cost-free for all Austrians....

Make Fast and Secure Trades Using Bitengo.io

Bitengo.io is a Cryptocurrency trading platform that allows users to buy and sell their Cryptocurrency in a...
- Advertisement -XRP Price Prediction: Ripple’s Digital Asset Could Reportedly Reach $2,57 Or Even $5.14 By December 2019

Network Security Using Cryptography: Everything you need to know

This article will describe what is Network Security Using Cryptography and everything you need to know before...

Mercuriex Cryptocurrency Exchange Launches New Utility Token, SURF

MercuriEx Cryptocurrency Exchange, originally developed in 2017, came under new ownership in December 2019. Since taking over the exchange,...

Must read

- Advertisement -

You might also likeRELATED
Recommended to you