ripple-xrp-price-prediction-2018

Ripple XRP Price Prediction — Three Reasons We Could See $5 In 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 $0.34, a return to $3.30 would represent  nearly a 10x rise compared to Bitcoin’s ‘1.5x.’

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. Plans To Enter The Chinese Market

In a bid to ensure that the platform enters the largest e-commerce market in the world, RippleNet partnered with LianLian International – one of the leading money service companies in China. LianLian has over 150 million registered users in China.

China has the largest e-commerce market in the world. Last year its e-commerce market contributed $672 billion out of the global $4 trillion. In 2018, cross-border e-commerce transactions in the Asian country are projected to surpass $1.32 trillion.

This explains why LianLian International saw Ripple as the perfect partner to help support the huge number of global payments sent through the country’s e-commerce market. By joining RippleNet, the company is set to receive real-time e-commerce payments, invoice payments, and cross-border remittances.

LianLian would use Ripple’s xCurrent, a settlement solution that offers end to end tracking and power cross-border transactions between the US, Europe, and China.

LiaLian is one of the largest money service companies that serves the Chinese e-commerce market. Each year the company processes billions in payments between consumers and merchants including the likes of Ali Express, Amazon, and eBay.

What makes this move significant for the Ripple platform is that xCurrent which is the platform’s enterprise software solution will dramatically increase efficiency. And, in the process, open doors for a larger volume of transactions between consumers and merchants in China and other markets.

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.

Technical Analysis

Short-term, we’re seeing some support on XRP price. The chart below shows that support, with the next resistance line at $.41–which the chart author sees happening potentially in the next week or two. If it can break that resistance, in the short-term, we should see prices shoot up past $.5.


Weekend setup by Michael_Lukas on TradingView.com

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.

 

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.

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