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ripple-xrp-price-prediction-2018

Ripple XRP Price Prediction — Three Reasons We Could See $5 In 2019

· 07 Nov 2018 in Analysis

[updated November 2018] 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 $0.51, a return to $3.30 would represent  nearly a 6x 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. Further Partnerships

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.

Its partnership with Ripple, allows Flutterware to utilize the power of Ripple’s blockchain to build payment infrastructures that will serve their mission.

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 Changelly

Cryptocurrency traders on Changelly, a virtual currency exchange, are now able to use their credit and debit cards (MasterCard or Visa) to purchase XRP on the platform.

This move is now possible after the cryptocurrency exchange partnered with a credit card processor, SimplexCC. The credit card processor is a licensed financial firm in the European Union.

Changelly even sent an email to their users announcing the good news and indicating that it’s for the “wise investors to convert USD or EUR to Ripple (XRP).”

With most financial institutions prohibiting their customers from using their credit cards to buy crypto, the move by Changelly will see more people investing in XRP directly from their bank accounts.

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.

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

We keep an active and current long-term XRP technical analysis on Ripple price here. Further Ripple information can be found on a search of our site for the term Ripple—such as Weiss Ratings giving Ripple a ‘buy’ note, an analysis of the Ripple ad showing off its network capabilities, and a guide on where to buy Ripple.

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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