[updated February 2019] If you think cryptos will return back to all-time highs, Ripple would present a greater ROI compared to a coin like Bitcoin. This is because, at its current price of $0.31, a return to $3.30 would represent nearly a 10x rise compared to Bitcoin’s 5x.’
Is this possible? Will Ripple reach back to its all-time high? Some experts have gone so far as to predict XRP to hit $5 by the end of the year which would represent 15x ROI. Below we will look at three reasons why this possibility might be valid.
1. Increased Adoption By Banking Institutions
Ripple provides a blockchain solution which tries to solve the problems that have hampered the financial industry over the decades: slow transaction processing speeds, high transaction costs, and unreliability. Ripple also aims to make cross-border payments far more efficient for these large payment providers.
Early success in showing these solutions is why major financial institutions have been quick to partner with the Ripple platform.
So far over 100 financial institutions who range from payment providers to banks have partnered with Ripple and are in the process benefiting from the many blockchain solutions that the platform offers. Earlier this year Ripple partnered with BankDhofar—the first bank in Oman to make such a partnership. Dr. Tariq Taha, the bank’s chief of information in a press release statement was quick to point out why this move was so significant for the bank.
“With this, we can provide instant, frictionless and secure cross-border money transfers within seconds, with end-to-end visibility over the journey of the payment”
Ripple has also stated that an announcement is forthcoming where it will partner with “many banks” in Germany.
2. Further Partnerships – The Most Important Ripple News
Ripple has been positioning itself as the preferred distributed ledger technology for cross-border financial transactions.
On this front, Ripple has seen major adoptions by financial firms. Sadly, the price of XRP has not shifted proportionately to these partnerships.
Some commentators have suggested it’s because some of these firms are not utilizing Ripple’s native coin, XRP.
While this is partially true, below we are going to look at three reasons why the price of XRP is going to peak soon.
The Flutterwave Partnership
Flutterwave is an Africa-focused firm that seeks to bridge the gap between Africa and the global economy.
This partnership has, for the first time, opened Africa to the Ripple platform which has been the defacto blockchain for processing payments in other parts of the world.
To realize the full potential of the platform Flutterware had to undergo new configurations which included the installation of an xCurrent. This connection allows all the platforms on RippleNet to send and receive payments in real time.
Ripple’s xCurrent will be interfacing with InterLedger Protocol designed by Fluttterware to accommodate a single currency.
As this partnership runs deeper, a use case for XRP will, presumably, naturally arise and this will impact its price positively.
Integration On Moneynetint
It’s another significant integration that will see the price of XRP rise in the coming months.
Moneynetint is an e-money firm based in the United Kingdom. The firm specializes in sending money across borders for corporate clients. It’s something that implies that the amount of money being sent is relatively huge.
Yishay Trif, the CEO of Moneynetint in a statement said:
“Once we realized how professional the Ripple team was and supports the process, we decided to choose them. We expect that together we will be able to lead significant development and simplify processes in the area of cross-border money transfers. The processes of interfacing and approval between financial institutions, previously taking months or even years are now significantly reduced to a matter of days to a few weeks.”
This positive development indicates that Ripple is likely to rise soon given that this is the beginning of their collaboration.
Using Credit Cards To Buy XRP On Binance
This is perhaps the second most important news of 2019 for Ripple. The giant Binance gave users the opportunity to purchase cryptocurrency using credit card payments by a Binance & Simplex partnership.
This have made things way more easier. If by now the only way to purchase XRP was by purchasing BTC/ETH first, as mentioned in our “How To Buy XRP from Binance” guide, right now you can do it only with a few clicks. Now all you have to do is enter you Binance account, make sure you’re verified lvl 2 and click on “Funds” -> “Buy with Credit Card”.
Easy, right? And the fees are pretty low too – 3.5% or 10 USD – whichever is higher. Visa and Mastercard are accepted and it take between 10 and 30 minutes for the XRP to reach your account.
Also, there are other significant partnerships that have the potential to impact the price of Ripple in the coming months.
For example, the Gates and Melinda foundation partnership that has helped connect the unbanked people to financial solutions through the Mojaloop project. The project uses the power of Ripple’s interledger Protocol.
Moreover, the Ripple’s CEO has stated that ‘dozens’ of financial institutions will be using the XRP token in 2019. So it’s safe to assume that the price of Ripple (XRP) will see massive gains soon.
Ripple is now on Coinbase Pro
Starting February 25th 2019, XRP trading is live on Coinbase Pro with XRP/USD, XRP/EUR and XRP/BTC pairs. Unfortunately, only users from US (non New York residents), UK, European Union member nations, Canada, Singapore and Australia could trade XRP on Coinbase Pro. The announcement also mention that more countries will be added at a later date.
This was waited for a long time by the Ripple enthusiasts and this move increased the price of XRP by almost 3 cents in an hour.
3. It’s Now The Fastest Transaction Processing Platform
Visa used to be the fastest company when it came to global financial transaction speeds until recently. A number of system updates on the Ripple platform have seen the platform overtake the top position.
Before the system update, Ripple could handle only 1,500 transactions but now can process up to 50,000 transactions per second. This is over double the number Visa can handle with 24,000 only. This makes Ripple the fastest transaction processing platform in the world.
Now corporations can subscribe to the xRapid package offered by Ripple and make quicker and safer transactions. The package will also help drive down the cost of currency exchange and global settlement since XRP and fiat currency fit like a glove and a hand.
This will save companies and their customers millions of dollars each year.
Experts Ripple (XRP) Price Prediction for 2019 & 2020
Peter Brandt is one of the people that you should follow. He’s a master in charting & trading. When asked by an user about the insights about Ripple, he replied with a nice graph.
definitely coiling up pic.twitter.com/ixY4b6ysqx
— Peter Brandt (@PeterLBrandt) January 21, 2019
InvestingHaven – a well known website for investors and enthusiasts – made a long analysis over Ripple’s price. According to their analysis, they see a potential $20 price for Ripple’s XRP at the end of 2019. A Ripple price prediction os $20 at the end of 2019 is pretty optimistic, based on the fact that now its only $0.32 .
Even in February, they are still bullish on Ripple and claim their price prediction could come true in 2019 or 2020 – it will all depends on the crypto market & how it will evolve. .
Phillip Nuun, the CEO of Wealth Chain Capital & The Blackmore Group didn’t mentioned his opinion about the ripple’s price nor made a ripple price prediction – but he claims that Ripple will be among the most important cryptocurrencies out there. To show how enthusiast is he about Ripple – he compared them with Microsoft.
They will be come the Microsoft of #crypto
— Phillip Nunn 🚀 (@PhillipNunnUK) October 2, 2018
LongForecast – a website that call themselves “The Economy Forecast Agency” doesn’t believe too much in Ripple’s XRP. Their Ripple price prediction for 2019 & 2020 is way above the average even now. They believe that ripple’s price will be between $0.1 and $0.2 until July 2021 where it will start another bull market for Ripple. Only in 2023 March they see a $0.49 price per Ripple.
OracleTimes on the other hand had the same vision as we do – $5 by the end of 2019. And the news so far seems to be in Ripple’s favor – even though the price isn’t. Ripple declined with 10% since 2019 started. But, given into consideration that now almost anyone can purchase Ripple using the credit card on Binance or from Coinbase Pro – more people would be able to buy it leading to a bigger adoption. And, we check the Bitcoin’s price since it was launch until today we can see that adoption is one of the most important factors.
TradingView’s Traders Ripple’s Price Prediction – Technical Analysis
Ripple had a lot of good and important news in 2018 & 2019 – such as Weiss Ratings giving Ripple a ‘buy’ note, an analysis of the Ripple ad showing off its network capabilities, and the long awaited Ripple Coinbase listing .
Of course, much of Ripple’s price is going to depend on the market at large. And it will need some serious growth to shoot from the $.50 to $5.00—but that’s what 2019 is for. If Ripple can escape its hearing as a security and gain traction on the three items above, it could easily be a new institution in modern banking. And the partnerships keep coming, despite the bear market. So there are big players that are still very bullish on Ripple.
easyMarkets – professional trader from Tradingview believe that there’s a potential bounce for Ripple soon. As he claims, there’s a major resistance at 0.3259 and it that resistance is broke – we might see an increase in price.
Wolfpackcrypto explains that a drop under $0.31 would negatively impact Ripple’s price over the long term. If XRP goes under 30 cents, the major support is on the .17 – .19 range. This would cause a bearish scenario on Ripple – it might not go to $0.17 – $0.19 but it would certainly stay below 30 cents for a while. A break above 33 cents could lead to an increase in price to $0.35 or $0.38 so that would probably start a bullish scenario for Ripple. More details below in his video.
Mycotoxin, another great TradingView chartist and trader, thinks that Ripple will soon reach a $0.2875 price and that would lead to a large number of people buying it and a growth to $0.54 in mid-April or the beginning of May.
The graph is on point and the best part of it is that it looks at the bigger picture. He took into consideration the last 6-7 months and the price evolution until the current moment.
Our Opinion on Ripple’s Price Prediction for 2019
Ripple is indeed one of the most interesting cryptocurrencies and most used – especially by banks & financial institutions. We stick to our $5 price prediction in 2019 or at the start of 2020. But until then, there’s a long way and we need to take into consideration a lot of things.
- Their partners list is expanding day by day – Ripple doesn’t just sit an wait for the price to increase. They have a team of professionals working there to build a better SWIFT.
- The Coinbase Listing & the ability to purchase Ripple using the Credit Card from Binance is another huge plus for Ripple. Now, a lot of people would be able to purchase Ripple easier than before.
- A massive community – It doesn’t matter if you’re a fan of Ripple or not, we can both agree that Ripple have a massive community. Therefore, a lot of people using it, a lot of people trading it and a lot of people promote it wherever they can to profit from the price growth.
For the start of 2019, the Ripple’s evolution was with ups and downs. It reached a $0.33 price on January 31st and by February 10th the price declined to $0.30. If Ripple will continue to improve their service and establish more and more partnerships – the value of the XRP price should increase. If Ripple would increase with 10% per month – at the end of the year we’d see a $1 price. But, hey may decline for 3 months with 10% and then grow over 1,000% in a month. It wouldn’t be the first time for Ripple.
Of course, your shouldn’t listed to us and based on what we say, you should do your own research and check with a financial adviser before deciding to invest or not. This opinion is purely our own and it doesn’t mean to represent an investment advice.
Eric is a cryptocurrency writer and editor. He has written on emerging technologies for over seven years, and has accrued over 2 million page views. He also runs the paid Coin Agora community. He is currently working on his first novel, which involves a cryptocurrency start-up.