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Ripple Price Analysis - How Much Might XRP Cost in 2018\2020?

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Thu, 06/06/2019 - 08:10
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Aside from Bitcoin and Ethereum, there’s a large number of altcoins that have become popular in the world of cryptocurrency. One of the top 10 coins is Ripple’s XRP. Competing for the second place in the market share with Litecoin, Ethereum, and Dash, Ripple is a widely acknowledged cryptocurrency that promises to shake the banking industry to its core. Is it worth investing? Certainly, yes! But before you make an informed decision, find out what is Ripple coin price prediction.

But before we plow forward, let’s clear up what is Ripple Blockchain lying in the foundation of XRP coin.

What is Ripple?

The technology underlying Ripple is a digital payment protocol that was introduced back in 2012 by Chris Larsen and Jed McCaleb. Ripple serves as a decentralized platform for various money transfers. It is open source and allows for P2P communication. Basically, Ripple serves as a handy exchange platform that supports several exchanges and currencies, both crypto and fiat (USD, Yen, BTC, LTC, and so on).

Fast Facts about Ripple:

  • At the moment, 55 bln XRP are in escrow (out of 100 bln coins)– that keeps the price from falling.

  • The overall supply of XRP coins will be generated within 55 months.

  • Ripple’s main goal is to establish quick, safe and cheap exchange procedures around the world.

  • On the Ripple platform, only pre-approved participants can manage a node and verify  XRP transactions.

Ripple is based on the Gateway medium that establishes trust between the parties involved in a transaction. Any user can open a gateway that will authorize a middleman for exchange. The XRP coin aces as the bridge currency between the tokens, which facilitates transactions. Just like many other Blockchain, Ripple uses proof-of-work mechanism and the consensus protocol that boosts integrity and helps to avoid mistakes, such as double spending.

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Therefore, Ripple is a fast and versatile payment platform that makes transactions free from government’s intrusion and bank participation. Thanks to that, exchange fees stay agreeable: the minimum transaction fee is 0.00001 XRP which is nothing compared to the cross-border payments.

Was the previous Ripple price prediction justified?

Before looking to the future, let’s analyze the price fluctuations of Ripple in the last years.

On the first day of its appearance on the market (August 2013), XRP was worth $0.005882. By March 2018, it has risen to $0.697269, which is 11,752.28 percent increase! For four years, the price of coin didn’t change much, however, Ripple price prediction 2017 claimed that the ice should break up. This is exactly what happened. While in January 2017, XRP was worth around $0.06, in May 2017, it reached an unbelievable value of $0.4. As the charts show, Ripple XRP price prediction 2017 appeared to be even more pessimistic than the things turned out to be. The cost used to keep around $0,25 in Autumn, and suddenly raised to $0.8 in December and the traders have witnessed XRP overcoming the threshold of $1. 

What’s next?

Ripple price prediction 2018

The opinions of traders and analysts concerning Ripple coin price prediction 2018 are different. XRP has already experienced serious ups and downs, and there are many factors defining its value now. However, there are three main Ripple price predictions for 2018:

  • XRP can hit the range of $10. We have already seen Ripple reach $3.8 but now it is back to $0.4 with eventual hops to $0.8. After South Korea and other countries started banning the crypto, the total market cap has diminished seriously. But if the big players get back, the price can even reach $5 and higher. Considering the fact that Ripple can replace the outdated SWIFT system and now is already in top three cryptocurrencies, $5-7 is a fair Ripple XRP price prediction 2018.

  • If banks start widely adopting Ripple, it can even hit the $20 limit. Although it can rather be a Ripple price prediction 2020, or even a more long-term forecast, this year will be a crucial milestone in the development of the coin. It won’t be a big surprise if some banks decide to switch to Ripple. A lot depends on the number of investors: if the total market cap reaches $1.5 trillion, there won’t be room to develop for Ripple. Anyway, using Blockchain can still be risky: if something goes wrong with transactions, the coin will fall. Therefore, Ripple 2018 price prediction is relatively humble.

  • Of course, price prediction for Ripple is a complicated issue due to the problems it has to face with.  First, its total supply of 100 bln coins can contribute to the devaluation of the token. Besides, the range of investors is mostly limited to banks, while there can be a lot of individual supporters who might have contributed to its growth.

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Ripple future price prediction

While making any forecasts for 2018 is challenging, Ripple long-term price prediction is even harder. What we see is a slight growth after a down period. Given the Blockchain’s popularity, well-developed platform, investment interests and low transaction fees, Ripple coin is expected to grow in both short and long terms.

Different sources provide different Ripple price prediction 2025 (data is taken from Wallet Investor):

Source

XRP Price (USD)

Google

$22.8

Facebook

$406.3

Internet Users

$10.8

Paypal

$6.7

Smartphone

$8.8

Data increase

$5.25

Basing on the recent forecasts people involved in the business claim that Ripple price prediction 2030 can be around $200-300. Imagine how much money can be made with the current investments!

Final Thoughts

Therefore, Ripple XRP price prediction depends on a myriad of factors, including the integration of the system into banks, the market cap of the currency, the quality of updates and technical development, and readiness of people to invest. Generally, XRP Ripple price prediction is a tricky question, so it’s up to you to decide whether you’re ready to invest.

About the author

George Shnurenko is a Bitcoin and cryptocurrency enthusiast, financial analyst and writer. He's majoring in history but he believes that the digital currency which has taken the world by storm will bring about change to all us humans. 

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2019 Tron (TRX) Price Analysis and Forecast for 2020 [Key Levels & Trends]

Cryptocurrency Trading
Wed, 09/25/2019 - 11:18
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crypto to
work
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    Interest per week

  • 67.5

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Sponsored by Celsius.Network
Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

At first glance, cryptocurrency Tron doesn’t have the task of changing the world we know. But the idea of ​​TRX has enough interest to live — creating a decentralized environment in which users can make and host entertainment content. And, it would seem, the concept sounds twofold, but for almost 2 years now Tron has been living and developing. And what awaits the crypto next? Let's see!

TRX coin

The main coin of Tron — TRX, the total issue of which is 100 billion coins. At present, the capitalization of the altcoin is $2.2 billion. With this indicator, Tron takes the 12th place in the crypto market. More tokens will not be released, one and most of the existing ones are in the hands of Tron developers. This fact raises some doubts in crypto holders ranks. However, Tron has qualitative differences from many cryptocurrencies:

  • Scalability.

  • High bandwidth.

  • Availability.

  • Justin Sun.

On the last character, we should put special emphasis. Justin Sun is Tron’s founder and an important figure in the crypto investing world. It’s impossible not to note the marketing ability of Sun, who skillfully promotes Tron in all imaginable and unthinkable ways. We will talk about them separately.

In general, investing in Tron seems like a pretty promising path today. Consider historical price changes, analysis and the impact of other sources on the TRX rate.

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Historical changes in the price of Tron

Analysis and forecast of TRX price should start with a look at the historical data. Tron is a fairly young cryptocurrency, created at the end of 2017, and the network itself was launched only in the middle of 2018. Tron price in the background of all events changed as follows:

  1. At the time of creation, at the ICO stage, the price was $0.002.

  2. After the token release, the price rose to $0.05 in December 2017.

  3. The historical maximum was reached at the beginning of January 2018 and amounted to $0.25 for 1 Tron coin.

  4. After a while, the price dropped to a value of $0.03-0.04.

  5. In early May, after the network launch, the price soared to a mark of $0.08, followed by a prolonged fall.

  6. The minimal Tron price was fixed in December 2018, then the coin is worth $0.011.

Today, after two phases of growth, Tron is trading in the region of $0.033 for one TRX token. The growth of an investing crypto asset cannot be called explosive, but a positive movement is can be observed.

News background

In Tron’s case, the most important thing is playing the news background. Justin Sun is trying in every way to create hype around his brainchild. One of these steps is to purchase the right to dine with the investing legend — Warren Buffett. Sun gave $4.5 million for this opportunity. Even this news increased the price of his crypto.

Later in the summer of 2019, the SUN Network is scheduled to launch, news about which is already actively appearing in many sources. It’s worth noting also one of the latest popular news from Tron. TRX will become the official cryptocurrency to pay at IEOs on the Latoken platform, which should qualitatively affect the liquidity and Tron price.

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Tron analysis and forecast from experts

Tron, like many altcoins, is not explosively popular with experts. Forecasts and analyses collect hundreds, but not thousands of views. However, almost every day you can find interesting thoughts and forecasts about the future of Tron. Here are some of them.

The user Cryptotrader_123 believes that the TRX chart is bullish and predicts explosive growth after the pattern is completed. Following its trend line, growth will continue, but a correction is possible in the near future. However, step by step, Tron will take its own.

TRX price forecast by Cryptotrader_123
Image by TradingView

According to user the_booty analysis, investing in Tron can be good in marked areas. The user advises to open long positions and keep the crypto. To a greater extent, he predicts an increase in the price of Tron, but key levels in the situation with a fall are also noted.

Tron price analysis by the_booty
Image by TradingView

User SajjadMazroei built his analysis on triangles. In his opinion, a small one appears inside the bigger one. He predicts such developments in the coming months:

  1. If the small triangle is broken down, the price may drop to $0.026, but then recover to $0.031.

  2. If TRX breaks up, we can expect a price of $0.04.

  3. And if the movement is really strong, then it’s possible to conquer the height of $0.055.

Analysis of TRX charts by SajjadMazroei
Image by TradingView

We remind you that these are just opinions and you need to understand everything yourself.

Tron price forecast for 2020

We have our own thoughts and forecasts for Tron’s price for the second half of 2019. The technical characteristics of Tron are quite controversial. Oscillator analysis indicates the need to sell existing assets while moving averages indicate a strong buy. We believe that the truth is somewhere in the middle. Both price reduction and growth are possible.

Analysis of Tron price charts
Image by TradingView

We predict that the decisive factor will be the full launch of SUN Network, which is scheduled for August 10. The upgrade involves solving many problems with the scalability, bandwidth and protection level of dApps.

Analysis of the trend line shows that it is ascending, so you should not expect a noticeable decline in the price of Tron. Before the launch of SUN Network, the price is unlikely to surpass the $0.04 mark, but it’s not worth waiting for a fall below the $0.029 mark.

Any dramatic changes will be caused by the movement of Bitcoin and the mood in the crypto market. Tron isn’t an exception, it’s also dependent on the movements of BTC, like any other altcoin. With a positive scenario, it’s possible to predict that by the end of 2019 the price of TRX will reach $0.05. Growth beyond this mark is possible but unlikely. The bottom price is unlikely to be below $0.022, that is, in the worst case, roll back to the values of 2018.

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Conclusion

As an investing crypto asset, Tron seems pretty promising. The probability of losing money by investing in it is insignificant, but the altcoin may not bring much profit. We hope our forecast will help you make the right decision. Last piece of advice — follow the news around Tron, as it is the most important factor.

About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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