Amid the lull of the recovering crypto market, XRP enthusiasts can’t help but ponder some of the head-turning price predictions made by some very prominent people not so long ago.

One of these people is Yoshitaka Kitao, the CEO of a currency exchange known as SBI Virtual Currencies.

According to Kitao, 2019 will the year that XRP finally breaks out to hit $10 in price value. However, what raises serious questions is whether this assessment is achievable or not.

The Coil Effect

First off, Ripple, the company behind XRP, has been on an unending mission to get as many innovative tech companies in its fold as possible. One of the latest of these is Codius smart contract platform released by Coil. Coil is run by Ripple’s former Chief Technology Officer (CTO) Stefan Thomas.

The Codius platform is designed to boost the interoperability of different blockchains and facilitate better web monetization. In that sense, it’s a system that could have positive effects on the crypto because it provides a channel through which more XRP-focused use cases can be developed.

XRapid And XRP For Banks

Besides integrating its blockchain with the Codius platform, Ripple has introduced innovative payment solutions for use by banks and other financial institutions that need fast liquidity for cross-border transactions.

In that case, Ripple’s xRapid technology is coming in very handy. XRapid uses XRP as the transfer currency, which means that the more it’s used by more banks on the RippleNet, the more XRP’s demand increases and the more the crypto’s price increases.

On that note, Ripple’s own CEO Brad Garlinghouse has been quoted as saying that 2019 is the year that more banks get into RippleNet to use Ripple’s technology. This is one good factor that could potentially cause an XRP bull run and take it to the $10 range.