What is Ripple and the XRP token?
Ripple is a digital currency and an open source payment protocol for interbank transactions. The Ripple protocol validates account balances and digital transactions.
Ripple aims to give banks and payment providers a frictionless option to source liquidity for cross-border payments. They are also trying to provide faster payment settlements and lower foreign exchange costs. Ripple has managed to get partnerships with a few banks to help meet their goals.
Currently, Ripple can handle 1500 transactions per second. The Ripple team claims it can scale to handle the same throughput as Visa. Ripple has offices in Singapore, Sydney, Mumbai, London, San Francisco and New York.
XRP is the native token of the Ripple ecosytem. It was created by Ripple Labs. XRP is fast and cheap to transact with. Ripple coins cannot be mined. The network is managed by validating servers that compare transaction records. XRP has a Fundamental Crypto Asset Score of A.
The chart below shows some current XRP statistics.
Ripple (XRP) Price Prediction for 2019
Let’s take a look at some current XRP price predictions for 2019.
Wallet Investor is quite bearish on XRP for the long term, but for 2019, they are optimistic. They predict XRP will rise to 0.442134 this year.
Investing Haven is not holding back. They are convinced that XRP will hit $20 before the end of 2019. This would be well beyond the all time high.
CoinPredictor is a little more skeptical. They predict that the price will be cut more than half before 2020, down to $0.23 with the potential to fall further.
CoinPedia claims that nothing will stop XRP from hitting $2 in 2019 if Ripple’s advancements stay on track.
Long Forecast predicts prices for crypto, commodities, and more. They predict that XRP could rise to $0.61, the highest price for the year.
Bein Crypto gives a price range for XRP at the end of 2019. They predict the price will be between $0.55 and $0.65.
Trading Beasts gives monthly maximum and minimum price predictions. They predict the price could crash to $0.22 in July before rebounding to $0.64 the following month. They expect the XRP price to be around $0.55 at the end of the year.
Some folks place all their confidence in Ripple. Roman Guelfi seems to think that XRP will surpass Ethereum and Bitcoin, perhaps before the year is over.
Who is Correct?
It’s not easy to give an accurate price prediction. Predictions usually vary quite a bit. Who is correct? A likely price maximum for XRP in 2019 is $0.790813. XRP could possibly drop to $0.20, as a price minimum.
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