Ripple Price Prediction: Ripple’s Expansion Can Trigger A Rise In The Price Of XRP

The bearish pressure in the market has also affected Ripple’s digital asset XRP. Now, the coin in trading in the red and it’s priced at $0.325509 on CoinMarketCap.

Ripple’s CEO Brad Garlinghouse has been highlighting for a while the fact that Ripple provides a fundamental way for banks and financial institutions to use the blockchain technology.

Using crypto for institutional purposes

He also added that this enables to use of crypto for institutional purposes as well. The thing is that if there is a fundamental use, the coin will definitely increase in value rather sooner than later.

But with this bearish market that seems to be neverending, we’ll have to wait and see.

It’s also important to note that there are a lot of startups that will be using Ripple’s protocol in the future in order to develop new solutions. This will increase the number of applications for XRP.

Ripple gains popularity over SWIFT

Euro Exim Bank will use Ripple’s XRP-powered xRapid.

They just announced that the technology would be fully integrated in a few weeks. They will begin using XRP for cross-border payments in Q1 2019.

The main reasons for deciding to dump SWIFT’s services and move to Ripple is that one transaction got lost ion the SWIFT network.

FireShot Capture 34 XRP XRP price charts marke  https   coinmarketcap.com currencies ripple  - Ripple Price Prediction: Ripple’s Expansion Can Trigger A Rise In The Price Of XRP

Ripple price prediction

Ripple’s XRP is seen by a lot of investors and experts as a great investment opportunity this year.

One important things is that Ripple keeps adding new clients. RippleNet now boasts over 200 members and the number keeps growing.

Brad Garlinghous just said that a lot of the RippleNet members would begin using xRapid.

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

The latest 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.

It is believed that XRP could reach $2.57 or even $5.14 by the end of 2019, according to Express.co.uk.


People Mentioned

Brad Garlinghouse
Brad Garlinghouse

Garlinghouse is both the CEO and Chairman of Ripple Labs. This year, Ripple surpassed 300 partners, including over 115 banks worldwide. Having launched On-Demand Liquidity (ODL) for cross-border payments, Ripple now has more than 20 partners using XRP for ODL, including Moneygram, Western Union, and American Express.

Companies Mentioned

CoinMarketCap
CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

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Andreas Townsend Author

I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.

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