This piece answers the question “should I buy and sell Ripple in 2019?” by providing objective analysis on the bullish and bearish cases for the cryptocurrency.
XRP is the third-largest cryptocurrency by market cap and it is probably the only cryptocurrency with established relationships with traditional financial institutions. If you’ve been following cryptocurrencies, you’ll probably be wondering if you should buy XRP in 2019. XRP was released in 2012 by Ripple Labs Inc with the singular aim of becoming a blockchain-powered solution for sending money across borders seamlessly.
You probably won’t be excited to buy XRP in 2019 when you consider the fact that the coin is trading around $0.25 marking a 31.46% decline in the year-to-date period. However, the depressed price of XRP probably provides a great opportunity to buy it in 2019.
Many people ask themselves this question after learning that Ripple soared from $0.006 to over $3 in approximately 1 year back in 2017.
The Ripple payment protocol was created in late 2012 and has been on a constant uptrend ever since as adoption and awareness continues to increase. Although some people dislike the connection that Ripple has with the world’s largest banks, many see this as an opportunity.
Ripple facilitates worldwide money transfers with practically no fees. Ripple is well-known for its strong connections with banks and institutions, to thrive XRP‘s adoption. The goal is to become a globally trusted, instant payment protocol.
In this brief guide, we will be covering what the potential of Ripple is and the risks associated with the currency.
The entire world is stunned by the dramatic changes in the values of cryptocurrencies. In 2017, we have seen many cryptocurrencies touching all-time high values.
Bitcoin tops the list with Ethereum and XRP as the followers.
The overall market cap of all the currencies has crossed $700 billion.
All this is happening due to the usefulness of blockchain technology in these currencies. The overall focus of all these platforms is to speed up the cross border transactions. Ripple has earned a special honor in this case because its blockchain processes the cross border transactions within three seconds.
XRP is a cryptocurrency.
Ripple is a payment platform based on open-source protocol.
Like all other virtual currencies, it uses blockchain technology for faster cross border transactions.
Ripple has opened up a new office in Washington D.C., to strengthen its advocacy efforts for crypto and blockchain, some of the prominent members being Craig Phillips, a former aide to the U.S, Secretary, Steven Mnuchin, and Susan Friedman- a senior advisor to Heath Tarbert, CFTC Chairman.
Ripple has also become a member of the Blockchain Association.
Some months back, Ripple even highlighted a document from a new blog post from the UK Financial Conduct Authority, which classified XRP as an exchange token, not security.
Very recently, Ripple announced that it will be buying $30 million of MoneyGram shares at $4.10 per share along with buying 20 million USD worth of shares in the coming 2 years. MoneyGram made Ripple its special partner which will enable cross-border payments in the coming years. Not only that, after this deal, Ripple is eyeing at more deals.
With the digital currency floodgates open, early investors have become accustomed to four-digit returns.
But there’s a catch. Many of the currencies listed above have already achieved mainstream investors. They will continue generating profits (which makes them valid investments), but you’ll never be able to buy them for under $1.
For investors looking for a smart investment under $1, Ripple could be a good contender.
Ripple isn’t your traditional digital currency. Calling it one is the equivalent of calling a horse a mule — you vastly undersell the currency’s potential.
Today, Ripple is busy revolutionizing the ways in which we transfer money and receive payments.
[Updated December 15, 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 $0.21, a return to $3.30 would represent nearly a 10x rise compared to Bitcoin’s 2x.’ In this XRP price prediction we are going to see if this is 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.
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.