The wavy currency that is traded under the name XRP is classified as the eighth most important cryptocurrency in the world and the third in terms of market capitalization. All cryptocurrencies are made in different ways and for different purposes. Bitcoin gained popularity mainly because of the idea of a decentralized digital currency, which means it was not regulated by any government or big banks.
The ripple goes against the decentralized concept, in fact, works directly with the big banks rather than eliminating them. There are many people who are afraid of investing in cryptocurrency because they are decentralized and therefore controlled by users and developers of the respective cryptocurrency.
Another area where Ripple goes against the world of cryptocurrency is where Ripple Labs (Ripple's parent company) holds over 50 million Ripple coins (representing 50% of the total supply of 100 million coins). Investors tend to think that this gives the company the power to unload the coins on the market and then repurchase them at little cost because the sudden rise in price will result in a sharp fall in prices.
Price XRP (XRP) today – XRP / USD
Why could Ripple's XRP price increase in the coming months?
As reported earlier by Theoofy Ripple is on the rise. Ripple is basically a cross-border payment system. The cryptocurrency is connected with some of the major banks that make everything possible. For example, if you want to send money to a friend who lives across the border in another country, you will have to pay bank charges. Furthermore, it will take 2 to 5 working days for the transaction to be processed.
Ripple is the alternative, through Ripple, you can make the same transaction in seconds and with much lower transaction costs. Yes, Bitcoin can also be used to transfer money, however, according to Ripple's CEO, it will cost around $ 40 to make the transaction via Bitcoin and take a little more time to process the transaction.
Ripple has already integrated banks such as Standard Chartered, American Express, Money Gram, Axis Bank, MUFG Bank and many others. The more banks involved, the more Ripple will increase. Another reason why the value of Ripple should increase is that a new company named Coil is launching a means of payment for content creators.
The Coil company is owned by one of Ripple's executives and has already successfully integrated with large platforms such as YouTube, Wikipedia, Twitter and even Twitch (the famous live streaming app). Basically, viewers can donate Ripple coins to their idol or to the stars they watch. Coil uses blockchain technology in the back-end and no other system developed for a similar purpose uses blockchain.
Pricing of Ripple XRP prices
The price of Ripple (XRP) increased by more than 60% in less than a week, exceeding the market capitalization of Etherum in just under 24 hours. And although the current price is not at all close to the all-time high that was $ 3.23, there are speculations that could be valued at a point that will be close to the all-time high.
Price XRP (XRP) today – XRP / USD
It is expected that the highest cryptocurrency will touch $ 2.50 per token in a few months and could even reach $ 5.06 by 2019. This prediction is confirmed by the demonstration that Ripple broke out with 0.25. Some experts also predict that during 2019 the price could rise to $ 8 or even $ 10.
None of these predictions should be taken as financial advice, and you should only invest money that you can afford to lose. The highly volatile cryptographic market has shown us that it is full of surprises. That said, most of Ripple's speculation is positive and it seems that Ripple's price may soon touch the sky. Apple recently added Ripple to its stock market app which is just another positive sign for investors.