New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?
New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?

Ripple Priсe Prediction for the End of 2019 – What to Expect from XRP?

  • Vera Thornpike
    📚 WikiCoin

    🏦🌡️💰⚖️Ripple price prediction for 2019: Is it possible for XRP to reach $1, $5, or $10? Expert opinions, Ripple growth factors, statistics

Ripple Priсe Prediction for the End of 2019 – What to Expect from XRP?
You may also like:

A unique and potent crypto asset, Ripple has survived through the recent long bearish period, even though its price fell. It continues its hit-and-miss competition with Ethereum for the second place in the chart of top crypto coins. Traders put hopes in Ripple, but its future is hard to predict: there are so many factors to be taken into account!

What will drive Ripple price growth this year, and is it possible for XRP to reach $1, $5, or $10? Let’s explore detailed insight into technical and financial analysis.

Ripple is still potent?

Ripple was made to exchange money anywhere all over the globe in a jiffy. It is one of the quickest cryptographic forms of money with regards to exchange time. The exchange is made with XRP tokens – fiat money is converted into crypto and back to be quickly exchanged. Due to its proprietary consensus algorithm, a financial operation takes 4 seconds – it’s the quickest way to convert currency!

Why is Ripple technically advanced and outperforms many other crypto assets? The commission for Ripple exchanges is considerably less when compared with the typical exchanges performed through banks ($0.00001 only). This is one of the primary reasons for XRP to grow its traction – banks are interested in cutting operational costs and reducing operational time.  

Ripple’s unbeatable advantages include:

  1. Fast transactions that take up to 4 seconds.

  2. Proper resistance to hacking and downtime.

  3. Extremely low transaction fees.

  4. Possibility to exchange ANY fiat currency or asset (oil, gold) with the same commissions.

  5. Since the blockchain is managed by Ripple Labs, an official company, it’s created to be used by banks and is not as strictly regulated as some other cryptocurrencies.

  6. Ripple has established a partnership with a large number of banks, including Axis Bank, Union Credit, UBS, Santander, and others. There’s the whole gamut of serious investors.

Ripple price forecast 2019 from a technical standpoint

There are many websites that provide Ripple predictions based on technical analysis of charts, XRP price performance, and overall crypto market trends. What do they say?

Different views on long-term XRP price predictions

Lots of websites state that XRP’s value won’t be higher than $1. For example, Wallet Investor’s forecast for 2019 is $0.05. DigitalCoin predicts XRP price of $0.62 by the end of 2019. Such websites as FXStreet and express.co.uk posted forecasts claiming XRP is to be worth $3-$5 in 2019.

Whom to believe? How come unbiased technical forecasts appear to be so different?

Practice shows that trusting technical analyses is no good – you should make your own decisions based on personal experience and knowledge.

Thus, we go on.

👉MUST READ Major Ripple Price Forecasts 2019 – Expectations vs Reality. Why a Value of $10 XRP Is Overestimation? [Updated: 19th Feb]

What do experts say?

In 2018, people believed that Ripple could have made it to $500 thanks to the release of xRapid technology, which would enable Ripple to make cross-border payments. However, a great breakout didn’t happen – XRP was suppressed by a huge bearish wave that covered the entire crypto market.

Here’s what Brad Garlinghouse (Ripple’s CEO) said in one of his interviews:

I’ve publicly stated that by the end of this year I have confidence that major banks will use xRapid as a liquidity tool, this calendar year. By the end of next year [2019], I would certainly hope we would see in the order of magnitude of dozens.

Many crypto pundits believe in Ripple’s potential. They have the following opinions:



Roman Guelfi-Gibbs (Pinnacle Brilliance Systems Inc.):

Ripple has more potential to make a jump in 2019. As the market implement more projects based on Ripple, it will outperform Ethereum. In 2018, it was too early for Ripple to reign, now is the right time.

Shidan Gouran (Global Blockchain Technologies):

Ripple wasn’t likely to outperform Bitcoin and Ethereum due to three reasons. First, is its low market cap. Second, Ripple isn’t suited for everyday purchases. Thirdly, Ripple isn’t bought with fiat money - ETH or BTC is required for that. Thus, the demand for ETH and BTC will only continue growing.

John-Paul McCaffrey (Long Island University):

Even though there’s no fiat exchange for Ripple, that might change soon.

Samson Williams ( SeedUps):

Ripple is the product of banks, and we will witness its bump after the 2018 recession.

Even though no one gives exact price predictions, a lot of experts are sure that Ripple has only started its way to the top – it will explode the market.

What will drive Ripple’s growth in 2019?

One of the main proofs of Ripple’s success is its listing on major crypto exchanges. Recently, Ripple was accused of paying its way to Coinbase, but Ripple Labs representatives deny this fact. In 2018, XRP grew by 200% – it was the results of creators and the community’s efforts. In 2019, the scenario might repeat. What will boost Ripple price growth?

  • 2019 is the year of massive adoption. According to Brad Garlinghouse, this year will be ideal for the massive adoption of crypto assets, and the number of crypto exchanges working with Ripple will only increase. For example, Bitrue was one of the latest crypto exchanges to add Ripple. Kraken has also introduced the XRP/BCH trading option. New trading pairs mean higher liquidity.

  • Growing interest from banks is the main driver of Ripple’s future success. Many Japanese banks are interested in working with Ripple, and the attention to the blockchain continues growing. That might trigger XRP price growth.

  • Ripple’s gaining more trust. According to surveys, traders don’t doubt XRP might deliver the biggest returns in 2019. Even though its market cap is far from Bitcoin’s, it will conquer the place of the market leader in terms of popularity.

  • New partnerships are around the corner. International banks aren’t the only organizations supporting Ripple. It will also soon partner with R3’s Corda Network where XRP will be leveraged – that will bring Ripple 280+ new partners, among which a few central banks should be mentioned. SBI Holdings wants to completely change the Japanese financial sphere in 5 years, and Ripple is here to help with that.

  • Western Union is interested in working with Ripple. Collaboration with the world’s leading international exchange company is very promising!

  • Ripple introduction to the Middle East market. In Dubai and places nearby, there’s a high demand for cross-border payments, and Ripple might provide the platform and fuel for such operations. It’s the market niche that hasn’t been occupied yet.

  • New suite of products called RippleNet will include xRapid, xVia, the InterLedger Protocol and xCurrent. They will help Ripple stand out from the crowd of competitors and stay ahead of the race.

👉MUST READ Ripple XRP Price Prediction: European Parliament's Interest in Ripple Can Legitimize Cryptocurrency

There’s a huge amount of factors that contribute to XRP price growth – it’s only a question of time. As long as the big plans are being fulfilled, we can expect Ripple to gain momentum and soar to the sky. All in all, it might be not as decentralized and anonymous as some other cryptocurrencies, but it boasts institutional stability and support from major market players. Isn’t that enough?

So, how much will XRP be by the end of 2019?

There has been a lot of speculation upon the Ripple price recently. Some claim it will be $100 or even $500 in the nearest future, but that’s no more than empty talk – we have already discussed the real possibilities of XRP price growth. Even an XRP price of $10 is a hard achievement.

Short-term perspective

Ripple has been through two falling wedges – the second is to end soon

The chart shows the XRP price during the last months. We can observe two falling wedges that precede a breakout defined by where those were formed. The first wedge took 256 days and raised the prices by 192% from $0.26 to $0.86. The second wedge has been lasting for over 150 days already, and a breakout might occur any time. But now, Ripple’s value continues moving sideways.

If we witness a breakout, there are two possible scenarios: either XRP reaches $0.57, or gets up to $0.80.

What’s the problem for Ripple to reach $1? Unfortunately, despite serious work done to promote Ripple, the crypto market dictates its own conditions. Ripple market cap stays at around $12 bln, and with the current circulating amount of XRP, the price of $0.30 – $0.40 is justified.

👉MUST READ Top 13 Ripple Wallets in 2019

Will Ripple reach $10 this year?

Many crypto experts say that Ripple should overcome the $0.40 – $0.50 resistance level to break the vicious circle and grow to $1. Will it happen in Q1 2019? Not likely – there are no factors for that (at least, on the market).

However, as soon as institutional investors start pumping money into Ripple blockchain, things might change for the better. We can expect the XRP price to be:

  • Around $1-2 during Q2 2019

  • Around $3-5 during Q3 2019

  • Around $5-10 during Q4 2019 (it’s an ideal scenario)

What hinders Ripple development?

The Ripple blockchain isn’t devoid of disadvantages – there are some things that repel potential buyers, for example:

  1. Ripple is a highly centralized currency that’s controlled by Ripple Labs. Besides, 61% of XRP’s reserve belongs to the company. That hurts liquidity, and some traders accuse Ripple Labs of controlling the market.

  2. Ripple cannot be bought with fiat currency – ETH or BTC are required for that. Since other cryptocurrencies are involved in the trading process, Ripple competitors remain the main beneficiaries.

  3. Ripple is designed for banks mostly. It cannot be used to make online purchases, and it’s not the most convenient cryptocurrency for trading. Lack of versatility hurts the coin – it should only rely on corporate users.

  4. The cryptocurrency market is in the cool off period. The golden days of ICOs have gone away – we cannot see such a massive investment fever. Traders started making wiser decisions; they aren’t eager to take high risks anymore. Although Ripple is a very interesting cryptocurrency, it only takes place in an investment portfolio and doesn’t serve any practical purpose for individual investors. Besides, it has been stagnant during recent months, so it holds low appeal for crypto enthusiasts.

The cryptocurrency market needs a proper shake for XRP’s price to make any considerable movements.

Bottom line

If we observe all kinds of XRP price predictions, it becomes clear that technical analysis is too pessimistic. It’s possible for Ripple to break resistance levels and, probably, beat the previous $3.65 price record as soon as xRapid is fully implemented. Investors and partners might also contribute to huge Ripple growth, but it will take longer than a year. At the moment, even a $5 XRP price prediction seems to be somewhat fantastic.

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.

Subscribe to U.Today on Facebook, and get involved in all top daily cryptocurrency news, stories and price predictions!
👓 Recommended articles

Nem Price Prediction 2019-20-25 — How Much Will XEM Cost?

  • Denys Serhiichuk
    📚 WikiCoin

    📖🤓Most of the cryptocurrencies lost their value during 2018, however, some of them have potential for future growth. NEM or “New Economic Movement” is such a coin. This digital asset is a unique one, as it is not similar to the most popular cryptos, like Bitcoin or Ethereum, for example. In this article, we analyze the potential of NEM and predict its price within the next few years.

Nem Price Prediction 2019-20-25 — How Much Will XEM Cost?
You may also like:

The cryptocurrency NEM stands out from the rest of altcoins. This is a young digital currency that has become especially popular among users in Asia.

NEM Platform Features

The founder of the cryptocurrency NEM (XEM) is considered to be a member of the popular portal bitcointalk.org, which is known by the nickname “Utopian Future”. In the second half of January 2014, the user began to discuss the created digital asset and received support from other forum participants.

NEM is an abbreviation for New Economic Movement. The title of digital money is the mission of the project.

The goal of the NEM platform is to create a digital asset that is used in all areas of the economy. Later, an organization called the NEM Foundation was founded, the main task of which is the development of digital currency.

NEM logo

The release of the NEM platform with the XEM coin took place at the end of March 2015. The new cryptocurrency quickly gained popularity in the “Land of the Rising Sun”, and later among users of other Asian countries. The success of the digital money has been driven by its unique features and benefits.

The coin has the following advantages:

  • Unique PoI algorithm (proof-of-importance), which ensures stable operation of the system and automatic confirmation of new units. Today, PoI looks the most successful and fair in comparison with PoW, as well as PoS and its modifications. The amount of remuneration to participants depends on several factors: the number of coins in the wallet, the number of transactions performed, the duration of participation in the system. Block generation time is only 60 seconds, which is one of the highest rates in the industry.

  • Convenience for users. The program used by the platform supports all operating systems. It can be downloaded from the official NEM website.

  • High security. Algorithm Catapult has its own system of self-diagnosis, eliminates the possibility of duplicate payments and prevents system failures. All this provides a high level of protection against cyber attacks.

  • Transaction Rate. The processing of operations on the NEM network takes just seconds, throughput is up to 4 thousand / sec.

  • The limited supply of 9 billion XEM tokens helps to maintain a stable exchange rate.

  • Adaptation of NEM wallets for any, including mobile devices.

  • The constant amount of commission - 0.01% of the transaction.

In the near future, the team is planning to implement solutions to increase the scalability of the network, to develop an innovative COMSA platform focused on supporting ICOs, and to focus on further cooperation with the banking sector. Many Asian and European banks are testing the benefits of the NEM blockchain in terms of using smart contracts and faster and cheaper transactions.

COMSA ecosystem

In addition, this year the project’s founders are about to open a science lab and the NEM Blockchain Innovation coworking center. The objective of the project is to promote the platform and assist in its practical use. It is reported that there are investors who are ready to invest $40 million in this idea. It is difficult to say how this is combined with the recent news about serious financial difficulties and the possible dismissal of employees.

Another project awaiting implementation is its own cryptocurrency exchange.

👉MUST READ NEM (XEM) Foundation to Ask Community for Funding and Change Tactics to Avoid Bankruptcy

NEM Price Prediction 2019

At the turn of 2017-18, in the period of an unprecedented rise in the cryptocurrency market, experts and specialized agencies vividly published forecasts, in which they announced even more intensive growth of XEM in the near future. Many promised the rise to $40-50 and called for investing with the expectation of 20 to 30-fold income. It is clear that any predictions, especially those related to numbers, can be risky.

NEM Price Prediction

But even today, the majority of analysts estimate XEM as still positive. They do not associate the current state of affairs exclusively with the general bearish trend of the market.

Experts also emphasize that the XEM token has the main advantages of two high-tech cryptocurrencies at once: Ethereum and Ripple. The first is related to the use of smart contract technology, and the second is focused on working with the traditional financial sector. Japan, which was the first to legalize cryptocurrencies, recognized XEM as an official means of payment.

At the same time, Japanese commercial structures wishing to use the coin as a financial instrument are required to purchase a license for $300 thousand and have at least $100 thousand in an XEM coin account.

According to various forecasts, by the end of 2019, the rate of XEM may increase several times and reach the level of $0.10 - $0.20. However, much will depend on general industry trends.

NEM Price Prediction 2020 and beyond

NEM logo

In the past, we have already seen the cost of XEM to be near $2, after which a slow decline in value began, but it was caused by a general market correction. Achievement of the price of $1.92 was caused by the fourth Elliot Wave. From the fifth wave and the upcoming general news background in the cryptocurrency market, we expect an increase in value to 4-6 dollars by the end of 2019.

Re-testing of the $1.92 level can happen much earlier, and there are all the prerequisites that this will happen in the first half of 2020. According to some forecasts, the cost of the cryptocurrency can rise to 20-30 dollars in a couple of years.

👉MUST READ The Best Cryptocurrency to Invest in 2019

Is it worth buying NEM now?

In general, investment in XEM, given the current rate around the lower boundary, seems quite attractive. However, experienced players warn newbies about the need to “put eggs in different baskets”. The NEM blockchain updates planned for 2019, in addition to increasing the speed and throughput, are fraught with potential failures, bugs, and hacker attacks. When making a decision to invest, you need to take all this into account.

The fastest way to get crypto news is to follow our Twitter. You won’t miss a thing! Subscribe.
👓 Recommended articles