Ripple works with some of the largest financial institutions in the world. Ripple aims to drive the entire financial sector by enabling immediate transactions at a fraction of the current cost.
It provides a smooth experience for global money transfer with Blockchain technology. In the future, it will serve as a liquidity solution for cross-border transactions. Banks and payment providers can use XRP to handle multi-currency transactions to minimize overheads.
Ripple can handle 1500 transactions per second, which is huge compared to Bitcoin. The bitcoin system can handle up to 7 transactions per second. Ripple's technology is strong enough to replace international payment systems like VISA, while reducing costs and enabling instant transfers.
A large number of banks around the world are actively working with Ripple to implement their technology in their payment infrastructure. It makes Ripple trustworthy and investors find XRP relatively secure compared to other cryptocurrencies.
Bitcoin and Ethereum are the most widely traded cryptocurrencies. A large percentage of cryptocurrency traders and investors are still unfamiliar with ripple despite the promising technology. Once some institutional investors join the network and Ripple permeate the mainstream investor community of Bitcoin and Ethereum, an influx of trend followers can push XRP prices through the roof.
Forecasts for 2018
In light of recent developments and growing interest in the XRP, the ripple price is expected to exceed at least the $ 2 mark by the end of 2019.
The trading volume of XRP is far from comparable to the most popular cryptocurrencies, BTC and ETH. Trading volume is expected to grow in 2019 and an increase in speculative activity with ripple may even raise its price to $ 2- $ 5.
Should you invest in Ripple?
If you want to invest in Ripple, XRP as a long-term investment that you want to keep for many years, Ripple seems to be a promising investment.
A paradigm shift is taking place and we are moving toward the digitization of all currencies. In the world where money exists in digital ledgers of banks, cryptocurrencies like ripple have a special place, as they are not "anti-bank" by nature like many other cryptocurrencies. Instead, they are being developed so that banks can take advantage of the evolving blockchain technology.
If you want to invest in XRP within a few months to a year in order to make quick profits, this seems promising. For 2019 a strong price increase is expected. If you are day traders, then the trading volume of XRP should also grow. In case of increased trading activity, corresponding price fluctuations will also be visible.
The final conclusion to XRP
With a promising future financial technology and a growing network of banks, Ripple's cryptocurrency looks like a promising long-term investment. As more investors become aware of XRP and awareness of their technology grows, the price of XRP is expected to increase in 2019.