Ripple Price Prediction for 2020
Very recently, Ripple's most eminent partner MoneyGram launched a new instant settlement service, which will utilize Visa's payment rails to move money. The FastSend users can easily send money by simply putting the recipient's name and phone number. As per Brad Garlinghouse, the CEO of Ripple- Ripple might become the Amazon of the crypto industry by 2025. Garlington aims for the bigger root as Ripple successfully thrived during the bear market when other blockchain projects went through layoffs.
Ripple is mainly known for its technology called RippleNet, which is a bank-to-bank payment system where cross-border payments can be done instantly, which has attained a lot as compared to the last year. In 2020, it is expected to stretch out to more countries and aims at doubling the market inflows as compared to $2 million in 2019 and it has already started doing so.
Ripple recently announced plans over convergence into one stack. It is expected for a series of events to get implemented in 2020 like institutional money flowing to XRP token, it's continued and steady growth to reach its unique network effect. These all can undoubtedly make Ripple stand out in a crowd of digital currencies. If these advancements take place, then XRP might reach $1.20 by the end of 2020, to be conservative. At most, it might even reach $2.
Ripple may open the market with a rate of $ 0.78 and may reach $1.10 till the middle of 2020. Next year, it may be having independent trading platforms and investment routes like bitcoin and Ethereum, closing the rate to around $1.20 by the end of 2020. It might give tough competitions to other currencies like Litecoin and Dash. Ripple has already come up with Codius, which can help the developers write smart contracts and decentralized applications, Xpring, which enables people to invest in Ripple related startups. Cobalt is something that is expected to be launched in 2020, which is aimed at decreasing the transaction time from 4 seconds to 1 second. (XRP Price Analysis 2020)
Ripple even plans on distributing 2 billion tokens to the Indian economy. XRP fans even argue that if XRP would have been enlisted in Coinbase during its peak, it could have overtaken Ethereum.
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