For starters, pundits continually say that the possibility of Ripple ending 2018 at a value nearing $1 is very much attainable. You may see the figure and may think that is not a lot, but consider that it is currently at less than a dollar: that would be more than ten times its actual price! Imagine how much money could be made with high volume investments.
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What Is Ripple?
Ripple is a privately held company that aims to create and enable a global network of financial institutions and banks. It does so by using the RippleNet blockchain software to lower the cost of international payments. Ripple calls the global network using this software the “Internet of Value.”
The term Ripple is often used to describe the digital currency XRP, the open payment network on which that currency is transferred, as well as the holding company behind the whole project.
The XRP ledger is an open-source product created by Ripple. It was created to solve a major point of friction in international payments, pre-funding of nostro/vostro accounts. Banks can use XRP to source liquidity in real time. Payment providers can also use it to expand reach into new markets, provide faster payment settlements, and lower foreign exchange costs.
Ripple is essentially taking a stand against what they call “walled gardens” of financial networks consisting of banks, credit cards, and other institutions such as PayPal. These organizations tend to restrict the flow of money with fees, currency exchange charges, and processing delays.
How does Ripple work?
Ripple is a blockchain system that owns a currency. XRP is the name of Ripple’s cryptocurrency, most of which is held by Ripple, the company. Currently, Ripple owns approximately 60 billion XRP and can sell up to one billion per month. More importantly, however, is the blockchain network operated by Ripple, called RippleNet. The infrastructure of RippleNet is designed to support fast, convenient transactions, making Ripple the preferred cryptocurrency and blockchain solution for big financial institutions and the “unbanked” population.
A key difference in the way that Ripple works is that it specifies a path for a money exchange. For example, if Bank A wants to send a money transfer to Bank B overseas, Bank A must specify “by which gateway (other banks, institutions, or individuals) it is connected in the Ripple network” to Bank B. Then, once the transaction is formed, it gets sent to a validator. The validator takes the transactions, turns them into proposals, sends those proposals to other validators, and then participates in a vetting process. Proposals that get more than 50% consensus in the first round must participate in three more rounds before being approved. The goal is to weed out “transactions that are somehow doubtful or clearly wrong, such as instances of double spending.”
Ripple’s mechanism has the advantage of using less energy while enabling instant verification of transactions without any central authority figure directing traffic. It’s a win-win for many companies: Ripple is decentralized, yet faster and more reliable than other blockchain networks.
History & Team
Ripple started in 2012, but it began as an idea in 2004. In 2005, Ryan Fugger launched RipplePay.com as a precursor to blockchain currencies. RipplePay provided online secure payment options for communities but didn’t gain widespread adoption. In 2011, Fugger was soon approached by Jared McCaleb and Chris Larsen to replace RipplePay with a digital currency system where community consensus verified transactions, rather than miners like on the Bitcoin network.
Work began on the Ripple Transaction Protocol in 2012. The protocol was designed to facilitate quick, direct money transfers between two parties in fiat currencies, without the wait times or transaction fees of traditional money transfer services. To provide greater liquidity, the protocol also provided for the creation of a new value token known as XRP.
By 2014, what began as a person-to-person money transfer option began to gain traction with banks as another option for settling remittances in a quicker, more cost effective way than traditional technologies. In 2014, several banks and payment processors signed on to utilize Ripple in a testing capacity. Ripple has added more institutions every year since, with over 100 clients in 2017.
Where Can You Buy and Store XRP?
You can buy Ripple at many of the most popular cryptocurrency exchanges such as Bittrex, Kraken, and Binance. You could also any brokerage platforms such as Changelly.
If you want to hold XRP for the long term, we recommend using a hardware wallet such as the Ledger Nano S or one that supports XRP.
Hard wallets are generally much safer because they’re offline and have better security than exchange and other online wallets. However, they aren’t ideal for someone trading frequently.
In What do you invest when buying XRP?
XRP is the native token of the Ripple system. He performs different functions:
A unit of value that can be quickly transferred from one account to another
Transaction costs that serve as anti-spam and are burned – decrease in supply
Permission to open an account: each account requires an amount of 20 XRP which will be stored forever.
Market Prediction for XRP Price 2019
With the market being so volatile, predicting the price of the cryptocurrencies is really one of the most difficult tasks.
#1 Roman Guelfi XRP Price Prediction
Roman Guelfi, a respectable crypto enthusiast and expert thinks that 2019 is all about achieving bigger milestones for Ripple. He said that as the market starts observing an influx of projects, other currencies might eventually take a backseat and 2019 is the time when XRP market will sway above all.
#2 Ripple Coin News XRP Price Prediction
Ripple coin news, the second-largest news site on the basis of traffic, predicts that after a bed of thorns, the coming years might emerge as a smooth period for Ripple as there will be an addition to the partnerships and new technologies, which might surge its price to 8 to 10 dollars.
#3 Investing Haven XRP Price Prediction
Investing Haven, a crypto prediction website has made an optimistic bullish prediction for 2019 as it believes that 2019 is going to be a flawless year for Ripple. They have stated that XRP might reach as high as $20 by 2019 as it thinks XRP has the highest potential, amongst all other cryptos.
#4 UsLifted XRP Price Prediction
UsLifted, a crypto prediction website believes that by 2020, XRP would attain newer heights and might reach $22.79 with a circulating supply of 38,739,145,924 XRP.
#5 Oracle Times Price Prediction
Oracle Times has recently mentioned in one of their articles that they predict that XRP might surge as much as 2000%, and they mentioned it could be possible only if Ripple becomes the best choice for cross-border payments by financial institutions. The cross border transactions account for around $9.8 trillion.
Ripple Price Prediction 2019
Next year, it may be having independent trading platforms and investment routes like bitcoin and Ethereum, closing the rate to around $1.20 by the end of 2019. It might give tough competitions to other currencies like Litecoin and Dash. Ripple has already come up with Codius, which can help the developers write smart contracts and decentralized applications, Xpring, which enables people to invest in Ripple related startups. Cobalt is something which is expected to be launched in 2019, which is aimed at decreasing the transaction time from 4 seconds to 1 second. (XRP Price Analysis 2019)
Ripple even plans on distributing 2 billion tokens to the Indian economy. XRP fans even argue that if XRP would have been enlisted in Coinbase during its peak, it could have overtaken Ethereum.
Ripple Price Prediction 2020
It looks like 2020 will be the year for cryptocurrencies and XRP is predicted to be one of the leading cryptocurrencies in the world with a high amount of supply. The first quarter will be very volatile as all of the currencies would experience ups and lows. Cryptocurrencies might give a competition to the stock markets and commodity markets in the near future. It is likely that by 2020, Ripple's partners like American Express and Lian Lian Group might be officially linked in order to complete Chinese card payments. By the end of 2020, XRP would be around $1.40-1.50. (Ripple Forecast)
Ripple Price Prediction 2021
As per the recent research by Moody's, blockchain standards will increase by 2021. XRP is the third-largest cryptocurrency, which is aiming for a lot of developments by 2021. As per the XRP price trends, the experts believe that it will enter into countless partnerships with financial institutions. By 2021, XRP might touch the $2 mark. You can follow the XRP developments and stay updated by following their community page.
Ripple Price Prediction 2025
Ripple is also set to partner with more European and Latin American banks which might help promote both XRP and Ripple’s payment technology. These developments could lead, to big price rises in the XRP token price as the predictions stated above. So this means, the Ripple price prediction should go the positive way. You can convert XRP to BTC from CoinSwitch at best rates.
Ripple Price Prediction 2030
XRP is going to grow and attain greater heights by 2030, and its use cases and the adoption rate is undoubtedly going to grow exponentially, more than we can ever imagine. It might even go up the ranking order and who knows might even come out as one of the user's favorite crypto. By 2030, XRP might reach $17.0576.
Commonly Asked Question.
Q1. What is the current price of Ripple (XRP)?
XRP is currently trading at $0.2982 on Binance.
Q2. What is going to be Ripple (XRP) price tomorrow?
As far as technical levels concerned, Ripple will trade between $0.2900 and $0.3200.
Q3. Is Ripple a great asset for investment?
If the above predictions are anything to go by, Ripple indeed is a good asset to invest in especially for the long-term holder.
Q4. What will be XRP price in $2020?
Ripple will exchange hands around $4.53 by end of 2020.
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