Ripple Price Prediction – XRP Price Forecast For 2018

In Cryptocurrency
ripple price prediction

What is Ripple?

Ripple (XRP) same like any other cryptocurrency. However, there are some distinctive features which make it different from other cryptocurrencies. It is a Real Time Gross Settlement System (RTGS), transaction exchange/network, and crypto token (XRP) released in 2012 however, its roots can be traced back to 2004. Learn more about Ripple currency

 

What gives Ripple (XRP) a competitive edge over its competitors?

Ripple (XRP) was basically introduced for Banks and other transaction exchanges as a real-time settlement mechanism and got its edge over other currencies due to its low transactions fee with high speed of transaction and high liquidity. It is expected the Ripple (XRP)’s network will break the monopoly of SWIFT system and replace it in the near future, thus it can be classified as SWIFT competitor. That is why Ripple (XRP) has been adopted by many large Banks and other financial institutions who are using Ripple (XRP)’s network in some way. Those institutions include Bank of Tokyo Mitsubishi UFJ, Credit Agrocole, Mizhuho Nordic bank etc. Last year the company announced that for cross-border transactions between UK and USA; Santander and American Express will be using Ripple (XRP)’s digital currency network. The adaptability of Ripple (XRP) by financial institutions have given Ripple (XRP) a competitive advantage over other cryptocurrencies in the market. You can also read litecoin price prediction here.

The liquidity needs of banks today is managed with literally ten trillion of float that sits in these nostro and vostro accounts. We believe very strongly this is an inefficient model. You can use digital assets to fund liquidity, and Ripple (XRP) is uniquely positioned to capitalize on that. Bitcoin takes four hours to settle a transaction, however, XRP takes 3.6 seconds.” (Brad Garlinghouse, Ripple (XRP) CEO).

 

Current Market Position of Ripple (XRP)

While looking at the historical data of Ripple (XRP) prices; it can be observed that the prices remained stable over the months, but have increased significantly due to hype in the cryptocurrency market.

 

Historical Data of Ripple Prices

25th Sept to 15th Nov 2017

Date Open High Close
15 Nov 17  $  0.21  $  0.21  $  0.21
13 Nov 17  $  0.20  $  0.20  $  0.20
11 Nov 17  $  0.21  $  0.21  $  0.21
09 Nov 17  $  0.22  $  0.22  $  0.22
07 Nov 17  $  0.21  $  0.21  $  0.21
06 Nov 17  $  0.20  $  0.21  $  0.21
04 Nov 17  $  0.21  $  0.21  $  0.20
03 Nov 17  $  0.21  $  0.23  $  0.21
01 Nov 17  $  0.20  $  0.20  $  0.19
31 Oct 17  $  0.20  $  0.20  $  0.20
29 Oct 17  $  0.20  $  0.21  $  0.20
27 Oct 17  $  0.20  $  0.20  $  0.20
25 Oct 17  $  0.21  $  0.21  $  0.20
23 Oct 17  $  0.20  $  0.20  $  0.20
21 Oct 17  $  0.21  $  0.21  $  0.21
19 Oct 17  $  0.22  $  0.23  $  0.22
17 Oct 17  $  0.26  $  0.26  $  0.23
15 Oct 17  $  0.26  $  0.27  $  0.26
13 Oct 17  $  0.25  $  0.26  $  0.26
11 Oct 17  $  0.26  $  0.27  $  0.26
09 Oct 17  $  0.28  $  0.28  $  0.25
07 Oct 17  $  0.23  $  0.24  $  0.24
05 Oct 17  $  0.22  $  0.24  $  0.24
03 Oct 17  $  0.20  $  0.20  $  0.20
01 Oct 17  $  0.20  $  0.21  $  0.21
30 Sep 17  $  0.19  $  0.20  $  0.20
29 Sep 17  $  0.20  $  0.20  $  0.19
27 Sep 17  $  0.19  $  0.21  $  0.20
25 Sep 17  $  0.18  $  0.18  $  0.18

 

 

Over the last 2 months, Ripple (XRP) have seen a lot of instability. Ripple (XRP) is now trading at 1.36 USD which was trading at 3.84 USD three weeks ago, however, let’s not forget that it was trading at 0.26 USD just two months ago which can be clearly seen in the chart below:

 

Historical Data of Ripple Prices

25th Nov 2017 to 25th Jan 2018

Date Open High Close
25 Jan 18 $      1.36 $      1.38 $      1.31
24 Jan 18 $      1.35 $      1.42 $      1.36
23 Jan 18 $      1.35 $      1.43 $      1.34
21 Jan 18 $      1.58 $      1.58 $      1.38
19 Jan 18 $      1.58 $      1.70 $      1.55
17 Jan 18 $      1.18 $      1.38 $      1.31
15 Jan 18 $      1.86 $      1.90 $      1.68
13 Jan 18 $      2.05 $      2.12 $      2.02
11 Jan 18 $      1.98 $      2.25 $      1.95
09 Jan 18 $      2.44 $      2.53 $      2.10
07 Jan 18 $      3.09 $      3.49 $      3.38
05 Jan 18 $      3.30 $      3.56 $      3.05
03 Jan 18 $      2.46 $      3.28 $      3.11
01 Jan 18 $      2.30 $      2.39 $      2.39
31 Dec 17 $      2.10 $      2.39 $      2.30
29 Dec 17 $      1.44 $      2.27 $      2.21
27 Dec 17 $      1.18 $      1.47 $      1.40
25 Dec 17 $      1.05 $      1.13 $      1.12
23 Dec 17 $      1.17 $      1.21 $      1.17
21 Dec 17 $      0.78 $      1.24 $      1.19
19 Dec 17 $      0.78 $      0.86 $      0.79
17 Dec 17 $      0.75 $      0.77 $      0.73
15 Dec 17 $      0.86 $      0.86 $      0.76
13 Dec 17 $      0.37 $      0.51 $      0.47
11 Dec 17 $      0.24 $      0.25 $      0.25
09 Dec 17 $      0.25 $      0.26 $      0.24
07 Dec 17 $      0.23 $      0.23 $      0.22
05 Dec 17 $      0.25 $      0.25 $      0.25
03 Dec 17 $      0.26 $      0.26 $      0.25
01 Dec 17 $      0.25 $      0.26 $      0.26
30 Nov 17 $      0.25 $      0.26 $      0.25
28 Nov 17 $      0.25 $      0.30 $      0.30
26 Nov 17 $      0.25 $      0.25 $      0.25

 

 

This surge in Ripple (XRP) price have not just made its investors profitable but few of them millionaires. On the basis of historic data, current market trends, new market developments, adaptability of Ripple (XRP) network by different financial institutions, and experts’ opinion; we will be doing Ripple (XRP) price prediction for 2018.

 

Ripple Price Prediction for 2018

“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 real customers. We’ve signed deals with over 90 customers globally and over 75 customers are in various stages of deploying Ripple for commercial use”. (Ripple CTO, Stefan Thomas)

Prices in Cryptocurrency market are mostly affected by market speculation. The price of Ripple (XRP) which was once hovering around 3.84 USD is currently trading at 1.36 USD, which is due to different reasons. Since the news that South Korea; one of the biggest players of the cryptocurrency market is going to ban the cryptocurrencies have resulted in the decline in prices and total market capitalization have seen a decline of almost 150 billion USD. This kind of a situation has made it difficult to make any predictions, however, based on experts’ opinion and Keeping in view the latest market trend and growing interest of investors towards Ripple (XRP), it can be predicted that by the end of 2018 Ripple will get near $ 8 barrier. However, at present, it can clearly be seen that the total market capitalization/ trading volume of Ripple is nowhere near the Cryptocurrency giants like Bitcoin and Ethereum.

Being used by many Banks and other Financial Institutions, it has both benefits and downsides. Most of the investors are reluctant to the idea that a cryptocurrency should be regulated/ controlled by any authority, which is feared that Ripple will be regulated in order to keep the interest of Financial Institution secure and to cut the market speculation. On other hands, it provides solid/ secure investment, however, the prices will remain intact and will fluctuate very slowly.

If the Banks/ Financial Institutions adopt Ripple Network by replacing the SWIFT system, it will have a great impact on Ripples price. This prediction about Ripple will not have much impact on its price in 2018, but it is a bit more futuristic than 2018, however, this year is going to decide how the future of Ripple and other cryptocurrencies is going to be. If Ripple keeps its standard the same in terms of reliability, low cost, speed, then it is no surprise that many other Banks/ financial institutions will join the race and adopt Ripple’s network.

 

Conclusion

Due to current scenario and speculative nature of Cryptocurrency market it is very difficult to predict the future of Ripple accurately, however, keeping in view several factors as discussed, it can be expected that the prices will go up in near future. Further, due to the technological advantage and reliable infrastructure of Ripple, it is expected that Ripple will surpass other currencies and if the same technology is accepted by all Banks the Ripple will become unstoppable.

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