While Bitcoin is leading the cryptocurrency rally, we look into another promising altcoin – Ripple. Today, we discuss the 2019 Ripple Price Prediction.

12 December, AtoZMarkets – We will remember 2017 as a crazy cryptocurrency rally year, with Bitcoin and Ethereum leading the pack. However, other digital currencies have also been performing well- Ripple and Litecoin have gained quite a popularity back in 2017 and early 2018.

Ripple has been in the cryptocurrency market since 02 February 2013. It was first traded in the cryptocurrency exchange on 04 Aug 2013 at a price of $0.01. Since then, the company has gained a lot of popularity among the investors, traders and big financial institutions such as the Saudi British Bank. Now, Ripple Inc. is at the stage of competing with the Swift payment and have the potential to transform the banking industry.

Cryptocurrencies are a new safe haven

While the market is oversaturated with the Bitcoin and Ethereum price analyses, we decided not to ignore the altcoins that are also booming. As a part of this Ripple analysis, we will be talking about 2019 Ripple Price Prediction.

The Top 10 cryptocurrencies for this year are going to be the ones that have already performed well during 2019. Bitcoin, the first ever cryptocurrency, has its price surging up in a rapid way. Talking about Ripple, the enterprise on the game, it is necessary to note that its market development cannot be copied by other altcoins. Thus, there is a big chance that Ripple could be doing much better during the upcoming years.

The cryptomania has reached impressive highs thanks to the safe haven demand – now investors turn to the digital currencies in times of uncertainty.

How Ripple’s CTO commented on Ripple

Now, Ripple is the third largest cryptocurrency in terms of the market cap which stands at around $12.8 Billion. And, at press time, the coin has a value of $0.304819, which is almost 3000% up since it was first traded.

As you might already know, Ripple is a unique cryptocurrency. For example, say if you have sent money abroad, you have used a SWIFT service. SWIFT is an entity with a monopoly on border transfers. However, Ripple has the potential to eliminate such system. Thus, you can say that Ripple is Swift competitor.

According to the Ripple CTO, Stefan Thomas:

“Ripple provides one frictionless experience to send money globally using the power of blockchain. With RippleNet, financial institutions can process their customers’ payments anywhere in the world, instantly, reliably and cost effectively using just one API. Ripple is the only blockchain network with a real customer. We’ve signed deals with over 90 customers globally and over 75 customers are in various stages of deploying Ripple for commercial use”.

According to Mr. Tomas, money should be fast processed and transacted as fast as data is going around the world. This is exactly what is Ripple capable of Mr. Thomas further adds:

“Because XRP has a clear use case. It is one of the largest digital assets by market capitalization. It is designed for use by financial institutions as an on-demand liquidity solution for cross-border payments. For example, payments into emerging markets can require multiple currency traders — added costs — or pre-funded local currency accounts — which often results in the trapped capital. Instead, payment providers and banks can use XRP to fund these payments on demand, without intermediaries, at up to 60% less cost to settle.”

2019 Ripple Price Prediction by market experts and influencers

Ripple price has seen unpredicted growth in the last year with a whopping price rise, XRPUSD surged to almost $3.5 mark. Later on, a huge bear run strikes the cryptomarket, thus created chaos amongst the investors.

Now, More and more payment providers are getting onboard based on its consensus mechanism of Ripple. The protocol improves the overall integrity by validating the account balances and transactions, which automatically blocks the unwanted entries. Currently, all products released include xRapid, xCurrent and xVia which could improve XRP’s position in the blockchain network.

Ripple is at the top in term of transaction speed and the cost, which is much lesser than other cryptocurrencies like Bitcoin and Ethereum. This makes XRP unique among the others. Also, once the coins get released all at once, which means all the XRPs are in circulation and hence, needs no mining.

Following are the predictions for Ripple price in 2019 by famous market experts and influences:

Roman Guelfi, who is a respectable crypto enthusiast and the market expert believes that 2019 is all about achieving milestones for Ripple company and expanding the Ripple project for mass adaption. He also said that as the market starts an influx of projects, other cryptocurrencies might dig down and 2019 is the year for Ripple.

Oracle Times also predicted that XRP might surge as much as 2000% from the current level, and Ripple might become the best choice for cross-border payments by financial institutions. The cross border transactions will account for around $9.8 trillion in the near future.

To conclude with, Ripple is mainly known for its technology known as RippleNet, which is an institution based payment system where cross-border payments can be done. The coin gained a lot of attention as compared to the previous year. In 2019, it is expected to expand its business in more countries and aims at doubling the inflows as compared to $2 million in 2018.

Also, Ripple has announced plans for convergence into one stack. It is expected for a series of events to get implemented in 2019 like institutional money flowing to XRP token, it will then continue to show steady growth. These factors could make Ripple stand out in a crowd of cryptocurrencies. If these advancements take place, then XRP might reach to $1.20 mark by the end of 2019. At most, it might even reach the $2 level.

What is your prediction for XRP by the year-end of 2019? Let us know in the comments section below.

This article was updated by Amandeep Sonewane on 02 May 2019.