XRP Price Prediction 2020

XRP price prediction for 2020 by StealthEX

What is XRP (XRP)?

XRP is peer-to-peer powered crypto intended to work seamlessly with the Internet to allow a quick, direct and secure way to send payments on the web. XRP project was launched in 2012 by Ripple Labs.

At the moment, XRP offers the easiest and cheapest way to exchange any currency and each transaction involves the internal XRP currency. This increases the liquidity of the XRP and its market price.

In the future, the creators see XRP as the world’s main reserve currency. Nowadays XRP takes third place in the rating of digital coins by market capitalization and it’s one of the most attractive options for long- term crypto investment.

XRP Statistics

XRP Price CoinMarketCap
Source: CoinMarketCap, Data was taken on 13 March 2020
Current Price$0.154879 USD
ROI since launch 2,536.76%
Market Cap$6,786,489,781
Market Rank#3
Circulating Supply43,818,008,717 XRP
Total Supply99,991,068,479 XRP

XRP Achievements and Future Plans

In 2019 XRP:

•  Increased the number of transactions on the Ripple’s network for 10 times over the past year. 

•  Expanded the number of customer companies to 300. Ripple has customers in more than 45 countries and 6 continents using RippleNet, with payout capabilities in 70+ countries. Recent Ripple customers and partners include Faysal Bank in Pakistan, bKash in Bangladesh, QNB in Qatar, and Finastra in the UK. 

•  ODL first launched offering payment corridors in Mexico and the Philippines. Corridors have since expanded to Australia.

•  XRP’s xRapid was honored in the Fast Company’s 2019 World-Changing Ideas Award for improving the reliability and lowering the cost of remittances across the world.

•  XRP has raised $200 million in a Series-C funding round led by alternative asset investment firm Tetragon.

In 2020 the project plans to launch its XRP-based cross-border payments systems to global markets like Europe, the Middle East, Africa, Asia-Pacific, and Latin America.

XRP  Technical Analysis

XRP Technical Analysis TradingView
Source: TradingView, the screenshot was taken on 13 March 2020

XRP’s Price Prediction 2020

TradingBeasts XRP price prediction

The XRP price is forecasted to reach $0.2975056 (+92.09%) by the beginning of April 2020. At the end of 2020, XRP average price will be $0.2752169 (+77.7%).

Wallet investor XRP price prediction

Ripple’s price will be equal to $0.293 at the end of the year (+89.18%).

DigitalCoinPrice XRP price prediction

XRP price will be equal to $0.45402439 in December 2020 (+193.15%).

Crypto-Rating XRP price forecast

XRP price will be equal to $0.07529 at the end of 2020 (-51.39%). According to Crypto-Rating price prediction algorithm: XRP might still have investment potential if not short term in 2020, then long-term.

CryptoInfoBase XRP price forecast

According to CryptoInfoBase replacing the gold and foreign exchange reserves by the tokenized XRP stock is unlikely to occur in 2020. But this year should be marked by a very serious increase in prices. During 2020, Ripple must return the lost ground achieved in early 2018.

Buy XRP at StealthEX

XRP is available for exchange on StealthEX with a low fee. Follow these easy steps:

✔ Choose the pair and the amount for your exchange. For example BTC to XRP.

✔ Press the “Start exchange” button.

✔ Provide the recipient address to which the coins will be transferred.

✔ Move your cryptocurrency for the exchange.

✔ Receive your coins.

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The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.

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