Despite the bear run of 2018, Ripple’s XRP enjoyed what can only be described as a banner year. XRP overtook Ethereum as the second largest cryptocurrency by marketcap and accomplished business deals that may solidify its position as a legitimate cryptocurrency as a medium of exchange. Next year there are a slew of challenges and opportunities for Ripple’s XRP to outperform and make headway in the cryptocurrency space.

Below are some major headwinds for 2019 in the positive for Ripple’s XRP:

-Ripple’s XRP promises “One Frictionless Experience to Send Money Globally” https://ripple.com/. And the revolutionary product threatens the existing system while empowering everyone else.

-The most legitimate cryptocurrency company, Coinbase, cannot list XRP until the federal court case alleging Ripple’s XRP is a security is completed. Since Coinbase plans to list most cryptocurrencies, the sooner this happens, the better.

-Coinone is the first Ripple-powered payment app in Asia. Ripple is using this app to accomplish its cross-border payment mission. South Koreans can send money to Thailand and the Philippines. South Korea has 2-million immigrants who will use this platform to send money back home.

-Ripple’s XRP coin is positioned technically to breakout above $0.3. The $0.3 level is both psychological and technical point. Investors are

-Ripple’s XRP has a fanatical fanbase. Owners and investors in Ripple’s XRP are vocal about their interest in this cryptocurrency.

-Ripple’s XRP has all the required liquidity to move when the time is right. XRP is listed on some of the largest exchanges including Bittrex and Binance. The 24-hour volume as listed on Coinbase is $376 million.

The second quarter of 2019 looks to be the start of a new bull market for cryptocurrency. When the SEC trial is completed, expect to see Coinbase list Ripple’s XRP and many business relationships develop. There is no doubt XRP is a great place to put your money in 2019.

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Sources:

https://ripple.com/

https://www.ccn.com/what-is-holding-coinbase-back-from-integrating-ripple-xrp-into-its-exchange/

https://www.investinblockchain.com/ripple-first-blockchain-payment-app-south-korea/

https://blockonomi.com/ripple-xrp-price-analysis-slow-and-steady-recovery/

https://blockonomi.com/ripple-xrp-price-analysis-slow-and-steady-recovery/

Responses

  1. Nicholas

    The xrp is almost same bluechip like the bitcoin itself. Yep, its bankstercoin, and its centralized, and one company own the biggest part of total supply, but still, they have a really big progress. Bigger than most of the other crypto projects.

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