XRP Price Prediction 2020 – Analyst Explains Why Ripple XRP (XRP) Is A Profitable Investment – Sep 13th 2020
- Now is a good time to invest in XRP
- Ripple’s customer base and XRP fans are on the rise
- XRP is likely to go higher in the near future
Ripple News Today – The fourth largest digital currency by market capitalization is currently changing hands in the 24-cent range, which is still very far from the XRP price prediction for this year. XRP has found strong support above the 20 cent mark and the technical picture suggests that the price of the digital currency could rebound in the period ahead.
XRP Price Prediction – XRP offers a good buying opportunity
If you’re looking to buy XRP or increase your XRP inventory, now is a good time. The current price level of the digital currency represents great value for money, which makes it a great time to invest in the digital currency. Right now, XRP has a pretty good risk / reward ratio in the digital currency market, and XRP investors can gain a lot more by taking a comparatively lower risk.
XRP’s fan base is growing daily as more and more investors purchase the digital currency. Many financial institutions also use Ripple’s payment protocol to transfer money. More than 30 percent of the world’s 100 largest banks have tested or are already using Ripple’s protocol.
XRP (XRP) Price Today – XRP / USD
Some prominent names like Bank of America, Global Payments Steering Group, UniCredit, Barclays PLC, UBS & Santander, Mitsubishi UFJ Financial Group and many others have tried the system. Ripple CEO Brad Garlinghouse said the digital currency’s transaction volume will increase many times over in 2021 and the customer base is expected to grow by 30 to 50 percent. Once that happens, the price of digital currency would go up significantly and XRP could be one of the best performers in the digital currency market in the period to come. Analysts say the forecast growth doesn’t seem unrealistic and more financial institutions are adopting Ripple’s cross-border payment technology.
The technical picture of the digital currency shows that the price has bottomed out. However, is XRP ready for a rebound? From the technical analysis it appears that the key trend of the digital currency is neutral-bullish. At press time, the biggest hurdle to the top is close to $ 0.28 and $ 0.30, while the main digital currency support is close to $ 0.20. If the price of the digital currency crosses the $ 0.28 mark, it would be a “BUY” signal and pave the way for further profits towards the $ 0.30 mark. A break above the 30-cent mark would pave the way for the next bull run towards the 35-cent mark.