Market Values For XRP Price Prediction

With the market being so volatile, predicting the price of the cryptocurrencies is really one of the most difficult tasks.

Let’s consider the eminent publications and personalities, and their statement regarding the Ripple XRP price prediction, which will give us a fairer idea.

Ripple may open the market with a rate of $ 0.78 and may reach till $1.10 till the middle of 2020. Next year, it may be having independent trading platforms and investment routes like bitcoin and Ethereum, closing the rate to around $1.20 by the end of 2020. It might give tough competitions to other currencies like Litecoin and Dash. Ripple has already come up with Codius, which can help the developers write smart contracts and decentralized applications, Xpring, which enables people to invest in Ripple related startups. Cobalt is something that is expected to be launched in 2020, which is aimed at decreasing the transaction time from 4 seconds to 1 second. (XRP Price Analysis 2020)

Ripple coin price has seen unprecedented growth in the last year with a whopping price rise. More and more payment providers are getting onboard based on its consensus mechanism. Ripple protocol improves the overall integrity by validating the account balances and transactions, which automatically blocks the malicious entries. As of recently, all products released include xRapid, xCurrent and xVia which improves XRP's position in the blockchain network.

The bearish outlook will be thrown out the window if Ripple manages to hold the 100 SMA in conjunction with the ascending trendline. Besides, stepping above the 50 SMA before the trendlines converge could catapult Ripple 43% higher to $0.9.