XRP Price Prediction 2020: XRP Price Will Spike To $9 By the End Of 2020

The XRP price prediction 2019 is a little unclear. Some XRP news report that the price of XRP has not yet hit bottom. So, they anticipate that it is still going to fall significantly before it starts rising against the USD this year. The price may bottom out at $0.6 by December this year. This would be followed by a rapid increase in 2020. The analyst said that the price of XRP will close at $6.25 to $7.25 by December 2020. This is after selling as high as $9 around spring the same year.

An XRP price analysis on beincrypto.com suggests that the price of XRP has what it takes to increase by 3365%. If this happens, XRP will sell as high as $9.06. The analysis is based on the past and present XRP price trends, the XRP fundamental analysis and the XRP technical analysis. This year, however, every digital asset investor on the XRP rich list has been advised to brace up for more loses against the USD.

XRP Rich List – XRP News – XRP Price Prediction 2019

During the recent cryptocurrency bull run that took the price of Bitcoin above the $5000 level, XRP was able to record gains until it hit $0.38. The $0.38 level had a significant resistance that it was unable to break and the price of XRP started falling lower against the USD. It found strong support at $0.30 and analysts were worried that the price of XRP may fall below that support. Thankfully, it didn’t but it didn’t move above $0.38 either. In fact, when other cryptocurrencies were surging against the USD, XRP was crawling. It was having difficulty recording gains. It wasn’t until yesterday that the price of XRP picked up and it gained by up to 5% against the USD. Source: Smartereum

XRP (XRP) Price Today – XRP / USD

Name Price24H (%)
XRP (XRP)
$0.290911
-2.63%

XRP News – Ripple Vs SWIFT, Who’s Winning The Race?

There is no digital asset investor that isn’t concerned about the future of his or her investment. Digital asset investors on the XRP rich list are particularly interested in the best XRP price prediction 2019. This is because there has been a lot of controversy surrounding the XRP token and Ripple. XRP news about the possible declaration of XRP as a security has caused a lot of panic among investors on the XRP rich list. The XRP SEC saga is still not over but the result is most likely going to influence the price prediction of XRP and the company behind it, Ripple.

According to the news of Cryptodaily; whilst they aren’t direct competitors by technology (obviously, Ripple is far superior) the realm through which both Ripple and SWIFT operates does mean that they are competing to achieve the same goal, this, in turn, makes them direct competitors, how they achieve this goal however is very different. It’s a case of the blockchain vs the real world, and frankly, it’s one of the hottest debates in cryptocurrency at the moment.

Ripple wants to achieve a platform for fast, easy, cheap and secure international payments that can be used on a retail and an institutional level. SWIFT also want to achieve the same thing, though the difference here is that Ripple want to do this via two paths, the production of XRP (a token which can be used for money transfer) and of course, their homebrew blockchain technology.

With R3 behind SWIFT, many people believe that their combination of traditional finance and blockchain technology will be enough to help SWIFT charge ahead. Indeed, the scope of R3 is huge and will certainly help SWIFT grow, though we do have to consider the ‘brand’ that sits behind Ripple at this point.

According to Brave New Coin:

“While Ripple and R3 can be seen as competitors, the two companies also work together. In 2016, R3 entered into an agreement to promote Ripple to its banking consortium. In return, the agreement included an option to allow R3 to buy up to 5

Who’s winning the race? Ripple or SWIFT?

Actually, there’s no true answer to this question, the pair are competing but then actually have a hand on each other’s projects too. Perhaps the conclusion to this saga will be far more simple and that actually, both Ripple and SWIFT will find equal successes, working together to make the international payment space less centralized, faster and of course, more efficient.

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