XRP price prediction & analysis – I have been bullish on Ripple’s XRP since it was conceived in January 2013. While the majority of cryptocurrency coins, including Bitcoin, are competing against traditional banks, Ripple aims to help save the banks from the onslaught.
After reading the charts, reviewing Ripple’s core business model, and seeing the number of banks and financial institutions rushing to test RippleNet, I decided to write this article recommending the company’s flagship coin as a short and long-term investment.
Like other crypto analysts, I’m not a psychic and don’t claim to do magic or know vodou. My Ripple’s XRP price prediction is just that; prediction. Feel free to praise, criticize, or ‘call me out.” At the end of the day, we are all expressing our opinion in this crypto wild-wild west.
One thing I can tell you for sure is, I have been spot on with my XRP price prediction and bullish from day one. I’m not one of those ‘overnight’ crypto experts who jumped into the bandwagon when Bitcoin went viral after the U.S. Marshals auctioned off 44,341 Bitcoins on November 5, 2015 from convicted felon, Ross lbricht, who operated dark web website , Silk Road.
I started writing about BTC shortly after the white paper was released on Oct. 31, 2008. Now I got that off my chest, let’s get started.
What do Bitcoin, Ripple/XRP, crypto and traditional banks have in common?
Bitcoin was created sorely to compete with, or as some believe, raid the world’s financial system of corruption. BTC and the host of offspring or altcoins will definitely make a dint, but no way will they complete stop corruption or kill the banking system.
Although that fact is obvious, blockchain project developers continue to develop products with the notion one day they will do away with banks.
Chris Larsen and Jed McCaleb, founders of Ripple & XRP were obviously not oblivious to the fact that the financial system, particularly the United States’ dollar is so embedded into the world’s financial system that it’s not going any where anytime soon.
As a result, Larsen and McCaleb gave birth to Ripple & XRP. Instead of competing with the devil, they decided to help the devil more kind, and less money hungry.
Why is Ripple & XRP good for the banks?
The banks will fully embrace Ripple, whether the want to or not. Why? Because those who control the system are smart enough to know the world is changing around them.
The executives have learned from what Uber did to the taxi industry, Netflix to Blockbuster, Amazon to brick-and-mortar stores. They do not want to be on the wrong side of history.
Ripple’s XRP short-term price prediction / Projection
Huge October performance & enthusiasm
There are two factors making XRP a strong buy this week. Three crypto assets outperformed Bitcoin (BTC) this year; Binance Coin (BNB), Chainlink (LINK), and Ripple (XRP). Today’s Bitcoin price is trading down almost half of its all high just a year ago; 48%, to be exact.
I’m extremely bullish on XRP. As Bitcoin’s price recovers, XRP will experience a bull run almost similar to the run in 2018 that saw XRP’s price shot up to more than $3. BTC’s price is projected to reach $20,000 by the end of 2019.
Crypto traders and enthusiasts are bullish & excited about XRP’s future
I’m not the only crypto enthusiast bullish on Ripple’s XRP. Cryptocurrency traders of all expert level agrees that a XRP will see a huge price gains before year end. Some predicted 4000%+ gain.
I’m not that optimistic. However, it has happened before and in the world of crypto, anything is possible. In fact, XRP outperformed the entire crypto market in the month of October by a whooping 40%.
Why is XRP a good short-term investment?
Ripple’s upcoming 2019 Swell conference
All big corporations, traditional or blockchain, experience a run during a major event. Something will happen to the price; either negatively or positively. Apple’s yearly product announcements event is a perfect example of that.
Ripple’s started their own annual conference called ‘Ripple Swell‘ last year in San Francisco. The event was received with huge fanfare and attended some of the heavy hitters. Brad Garlinghouse, Ripple’s CEO opened up with former President, Bill Clinton’s keynote address.
Keynote speakers at Ripple’s 2018 Swell conference
Some of the keynote speakers include: International Monetary Fund (IMF) executive director, Sunil Sabharwal; Cory Johnson, Chief Market Strategist; Ed Metzger, Head of Innovation at One Pay FX; Colin Dinn of Siam Commercial Bank; Daumantas Dvilinskas, TransferGo’s CEO. Other executives from Remitr, Bittrex, and IDT Corporation also spoke.
But it was the former chairman of the Federal Reserve of the Central Banks of the United States, Ben Bernanke who stole the show. Mr. Bernanke’s attendance not only validated Ripple, but also cryptocrrency.
XRP’s prices before & after Swell 2017 and 2018
Two weeks before Swell conference took place for both 2017 and 2018, XRP’s price mooned +115% and +115% respectively. The pro bank crypto saw a price decrease of -43% and -43% that same quarter after the conclusion of the event.
All I want for Chrismas is XRP
What is Ripple’s Swell bring us this year? This year’s Swell is projected to shatter all previous records. Swell is taking place in Singapore on November 7-8.
I’m not alone on my Ripple’s XRP price projection. Veteran technical trader, Peter Brandt who rose fame in crypto circles in 2018 recently said XRP is in the verge of breaking out. He was spot on in predicting Bitcoin’s epic crash in January 2018.
“The diamond pattern has always been a top pattern among traditional markets. I suppose pattern might work for a bottom in crypto markets.
If you want to know what a very clean diamond looks like, see XRP.”
He continued by saying if XRP closes at $0.30 or above before the end of October, a 55% surge could be in play before Swell.
“Pending a close above $0.3038 the diamond bottom will be completed with an initial target of $0.4691.”
XRP’s long-term price prediction / Projection
I began urging people in my circle to buy XRP when it was trading only at $0.04 cents. I was largely unsuccessful. The #1 complaint I received was that Ripple issued way too many coins.
I was told that no way a coin with 100 billion total supply and 48 billions in circulation will ever reach 0.010 cents. I explained that the company Ripple is going after, Swift, is doing $3 trillions worth of transactions daily.
Ripple’s payment protocols vs Swift
Ripple only needs a fraction (10% of less) of Swift’s business for the company to become one of the most valuable companies outside of Wall Street. As momentum as it may sound, Swift is an expensive, slow currency / processor. It should not take any new player to start attracting their clients’ attention.
With Swift, one can expect to pay up to $40 to send $100 to a relative or business overseas. Not to member, that much needed money will not get there for up to 7 days. Using Ripple, a bank can process that same transaction for $0.05 in 4 seconds! Why would any bank want to lose that much money per transaction? I discussed that early on the article; they don’t want to be on the wrong side of history.
Ripple has started a continue to do just that. 200+ banks is currently testing Ripple’s payment systems. PNC, United States 7th largest bank just a few weeks ago announced their test was a success and now processing live international transactions using RippleNet; Ripple’s flagship payment processing software.
More than often I cited the taxi industry to get my point across. Remember when the majority of the so-called financial analysts saying there is no way Uber will put the 100-year-old taxi industry out of business? Who thought Blockbuster videos would be hanging from museums? Welcome to the new world order.
Why is Ripple’s XRP an attractive long-term investment?
There is one key aspect of Ripple’s XRP some traders, financial analysts and so-called crypto experts is missing. Not only do banks have to purchase XRPs to process their transactions, a fraction of the the purchased XRP will be shredded with each transaction. Those coins will automatically be removed from market circulation.
Remember, XRP cannot be mined or minted. Bitcoin reached 18 millionth mined coins a week ago. After the 21 million max supply is reached, BTC will become the most sought after, but hard to acquire crypto in the market. Same cannot be said for XRP, but imagine when 20, 30, 40, 50, 100 banks and financial institutions are officially using Ripple’s protocols to process international transactions.
What is Ripple’s XRP price prediction 5 years from now?
Experts or not, no one is absolutely sure at what price XRP will be trading 5 years from now. However, those who understand this new generation (gen-z); how they conduct business, will often succeed at predicting the future.
If you follow trends, have the ability to understand positive projectory, read basic charts and comprehend Ripple’s core business model, you too will see what long-term XRP holders like myself sees. XRP is easily a $20-30 coin 5 years from now.
What are you thoughts on my short, long-term XRP price prediction? Use the comment form below to voice your approval or opposition.
Mathieu is a Information technology professional with over 15 years of experience. He started one of the first bitcoin blogs existed in 2010. He started writing about, investing in bitcoin and promoting the first cryptocurrency when only a few technological savvy people knew about it. Mathieu is a world traveler who enjoys culture, technology, finance, salmon, rice and beans. He’s cool, collected and knows a great deal about blockchain technology.