Ripple (XRP) Prices In 2017
Ripple Prices Aiming at $1 with Expanding Global Markets
Ripple has been making headlines of late as it emerges as one of the most bankable technologies of current times. Ripple prices in 2017 depend on one single distinguishing feature that makes Ripple unique and of tremendous value.
The best way to understand this is to know that Ripple is not a currency. Ripple is a company running the world’s only blockchain solution that can be used by enterprises for global payments. And XRP is the digital asset owned by Ripple that is used for these payments. The company provides financial settlement solutions globally, which reduces the total cost of settlements by enabling banks to transact directly and instantly, while ensuring certainty. This is what sets Ripple apart from other players in the crypto arena.
It is not hard to fathom the rising interest in Ripple’s digital asset. XRP is being touted as the fastest and most scalable digital asset that enables real-time payments anywhere in the world. But as is the case with every new technology, there is bound to be uncertainty surrounding the Ripple XRP price.
As the XRP ecosystem expands further, it would attract more investors into the fold, which bodes well for the XRP price. However, in the short term, it could witness volatility, as seen by the recent developments in South Korea and China. Both countries are planning to bring more regulation to digital currencies and have initiated a crackdown on initial coin offerings (ICOs). Last month, XRP prices shot up by almost 40% as trading in South Korea surged.
Ripple wants to exchange value the way the Internet exchanges information. Investors who have been pouring their money in the company are recognizing the huge potential of this channel. The general expectation for the XRP price is that it will breach the $1.00 wall soon.
As the world of digital currencies gets hotter day by day, promising technologies like that of Ripple will gain the most. This global settlement network will become faster and more reliable in the years ahead.
If you have ever sent money anywhere in the world, there is no doubt that you would want it done in the cheapest and fastest way possible. As the number of global financial transactions continues to increase, the technology that supports this infrastructure remains outdated.
As Ripple says, the global payments are still stuck in the “disco era.” Ripple connects banks, payment providers, digital asset exchanges, and corporations to provide a single frictionless experience to send money globally.
It is built on the most advanced blockchain technology that is scalable, secure, and interoperates different networks. The company’s global network is growing with more than 90 customers.
Ripple’s business has picked up speed of late, which helps explains, in part, the rally in XRP prices. Ripple is trying to build the digital payments standard for the financial sector and this is leading to a higher Ripple price prediction for the future.
Based on Ripple’s estimate, a bank can reduce the cost of processing remittances by 33% using Ripple’s technology and by 60% if coupled with XRP. This is a strong factor in favor of this technology and XRP.
Ripple has been signing deals with big banks and financial institutions and this has been impacting Ripple prices in 2017. The following Ripple price chart shows how XRP has been making significant gains.
Coming to the Ripple price prediction, it looks unlikely at present that XRP price will cross $1.00 any time soon. However, given the fact that Ripple helps financial players achieve one of their most desired goals of reducing costs while increasing transaction speeds, this technology has indeed bright days ahead.
Low trading volumes continue to crimp Ripple’s progress, driving the Ripple to USD exchange rate up 1.81% to near $0.182620. At the same time, XRP fell 0.75% against Bitcoin. Only $20.57-million worth of XRP coins changed hands on Sunday, down from Saturday’s almost-as-bad $32.48 million. These simply aren’t…
On Thursday, XRP prices were caught in the downdraft of a minor cryptocurrency crash. The Ripple to USD exchange rate fell 5.99%, while simultaneously rising 1.59% against Bitcoin. Interestingly, these price swings are starting to have an effect on the pecking order of cryptocurrencies. Litecoin already fell below…
On Wednesday, there was a broad-but-shallow dip in the overall cryptocurrency market. XRP prices were caught in the downdraft, but it is unlikely to affect our $2.00 Ripple price prediction. That said, trading volumes remained below $100.0 million for the fifth consecutive day, sparking some concern that liquidity…
After a tumultuous week, investors are largely sitting on the sidelines, waiting for something to happen with Ripple prices. One juicy bit of Ripple news would likely spark a massive rally. Funnily enough, that juicy bit of news may have come and gone without investors noticing. In the…
Ripple prices took a break from the high drama of recent weeks, ending the last 24 hours a slight twitch up to around $0.185670. The stability of the Ripple to USD exchange rate is a constructive signal for investors that grew nervous after the Chinese crackdown. After all,…
For the first time in a week, cryptocurrencies stuck their heads above water. The Ripple-to-USD exchange rate jumped 7.13% to $0.188622, while simultaneously falling 4.22% against Bitcoin. China’s ban on cryptocurrency exchanges was once again the biggest piece of Ripple news. This time, however, prices moved to the…
As with the rest of the cryptocurrency market, China takes center stage in our Ripple news update. It’s the only thing that matters at the moment, though one could argue that XRP is unfairly caught in the crossfire. After all, less than five percent of Ripple’s trading volume…
XRP prices took a tumble in the last 24 hours, falling below the $0.20 handle as fears of a Chinese crackdown solidified. The Ripple to USD exchange rate fell roughly 3.58%, while the Ripple to Bitcoin rate only edged down by around 0.08%. Most of the pessimism was…
XRP’s expansion into China had been arguably the best Ripple news this summer, but now it seems insignificant amid rumors that Chinese regulators will close domestic cryptocurrency exchanges. Although rumors of this supposed crackdown have been swirling for days, they were given fresh life by a report in…
In the last 24 hours of trading, XRP prices moved up about 0.95% against the U.S. dollar to around $0.218793 and down roughly 2.28% against Bitcoin. The disparity is an indicator that investors are selling Ripple coins into Bitcoin rather than into fiat money. This, in turn, suggests…
In the last 24 hours, XRP prices jumped roughly 6.57% against the U.S. dollar and near 4.77% against Bitcoin to reach a level of around $0.217847. It was a happy reprieve from the weekend bloodshed in cryptocurrency markets. None of the previous Ripple news—much of it bullish—could quell…
The market for enterprise blockchains continues to improve, providing strong tailwinds to XRP prices that could ultimately validate our $2.00 forecast. Although Ripple is currently trading at around $0.2232, it is positioned to reach our Ripple price prediction sometime in 2018. This forecast is not based on a…
While the long-term Ripple price prediction is governed by endogenous factors, XRP can get tossed around by industry trends in the short term. For instance, much of the Ripple news that surfaced last month will likely take a back seat to reports of a cryptocurrency crackdown in China.…
Crypto markets bounced back with vigor yesterday, landing above $150.0 billion in crypto market cap. The resurgence was a good piece of Ripple news for XRP, which had begun to slide over the Labor Day weekend. Now Ripple prices are up roughly 6.74% to around $0.222557. Meanwhile, trading…
Crypto markets lived out a full drama over the long weekend, leaving many investors nervous about the long-run Ripple price prediction. Prices for some coins reached all-time highs on Saturday, driving the overall crypto market cap to $176.0 billion...but then prices walked off a cliff on Monday. By…
There’s good Ripple news in the cards today, dear reader. XRP prices jumped a whopping 9.91% in the last 24 hours, confirming our previous Ripple price prediction. Ripple is currently priced at around $0.252782. As with earlier upticks in price, Ripple’s trading volume acted as an early warning…
As forecasted, XRP prices rebounded from their midweek blues, gaining roughly 4.2% to reach a level of around $0.229199. Once again, the surge came courtesy of Korean traders, not any juicy piece of Ripple news. A quick analysis of trading volumes shows that more than 72% of the…
“It’s too quiet,” is a line that occurs in most awful movies, but it sometimes feels true in investing. When volatility eases up for a moment, everyone gets uneasy because it’s too quiet. That is the general feeling right now in the cryptocurrency market. A brief lull in…
Despite Volatility, Ripple Prices Might Be Headed Higher The Ripple market cap has grown +3,500% this year, yet our Ripple price predictions for 2017 suggest there are more gains to come. We believe XRP could breach the $1.00 mark before swearing in the New Year, giving investors roughly…
From: Michael Lombardi, MBA