XRP Price Can Reach $1 In 2020

The crypto market suffered a massive drop in value since the day before, and this coincided with the fact that in Italy, chaos is surging as the leaked official plans to quarantine 16 million people reached the press.

DualDove writes that the whole of Lombardy, which includes Milan and 14 provinces across the worst-affected northern regions, had been shut down until April 3 as Italy is struggling to contain the spread of the virus.

XRP in the crypto market

It’s been revealed that XRP could be gaining two-thirds of the current price as we’ll get closer to 2021.

AngeloBTC, crypto analyst, said that he’s a semi-retired crypto trader. He expressed his expectations about XRP in reaching a price of $1, according to the latest reports coming from Coinspeaker.

XRP was even able to surpass $0.33 this year, but the price fell after the price for the most important coin in the crypto space fell as well.

At the moment of writing this article, XRP is down as well since the day before, and the coin is trading in the red.

XRP is now priced at $0.209756.

It looks like despite the market volatility these days, the optimistic predictions about the prices are still coming in.

XRP to become dominant in a use case for crypto

Not too long ago, it’s been revealed that XRP and ETH are becoming dominant in two early use cases for crypto, according to Ripple senior vice president of product Asheesh Birla.

During a recent conference, Birla said he believes it will be difficult for competing companies and cryptos to outperform XRP in the world of cross-border remittances.

Ripple has been working really hard to boost the adoption of its products.

ODL is the XRP-powered product – On-Demand Liquidity, and it was formerly known as xRapid before the rebranding.

Via this product, Ripple wants to compete with the traditional payments system SWIFT and to offer clients instant, safe, and cheap cross-border payments.


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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