During 2018, the cost of the coin was slowly falling, and by September, the rate fell to 0.29. Our longstanding price target of 20 USD is still valid. Ripple has also made great strides in being accepted by global regulators, which will help its long term outlook and price projections in the future. Let’s start with the most important premise of XRP: adoption. TechCrunch founder Michael Arrington says that “Ripple is a really, really good way to move money,” and plans on altering his “career path to focus entirely on cryptocurrencies and related technologies.” The legendary tech investor also opened a $100 million hedge fund denominated in XRP, showing that even the most successful tech investors of our time understand the projected value that XRP can someday reach. We believe that the Corona crash lows will be the lows of a giant reversal, with a lower high that will be set later this year (around 0.20-0.21) which will mark the end of the bear market and the start of a giant rally in 2021. While the trigger point might have arrived from the traditional market’s decline, XRP’s daily chart suggested it was a timely bearish breakout from an ascending channel pattern. Downside targets are at most 15 cents per XRP, to as high as $0.75 in 2020. Forecasting when exactly increased demand for XRP as a results of adoption will kick in is an impossible task. Yes, you can long or short XRP with leverage. This website products and services are provided by PrimeXBT Trading Services LLC. The digital asset is capped at 100,000,000,000 XRP, with just under 43,000,000,000 circulating supply. Ripple is a privately-held fintech company that provides a global payment solution via its patented payment network called Ripple Network (also known as RippleNet). Eventually this will resolve to the upside, and we believe that XRP will set a major bottom in the first half of 2020 before starting its steady rise. Ed. Kutcher explained that “Ripple is basically a platform to allow people to transfer money from bank account to bank account, person to person, really securely, really simply, really quickly.” Kutcher’s comments were viewed by millions on television, giving Ripple and XRP widespread exposure. Ripple was also the most profitable asset of that year, bringing investors over 1,000% gains in a short timeframe. With major alts already struggling after the early September collapse, XRP’s recent march towards recovery came to an unceremonious halt. The foreign exchange market and derivatives such as CFDs (Contracts for Difference), Non-Deliverable Bitcoin Settled Products and Short-Term Bitcoin Settled Contracts involve a high degree of risk. The blockchain supports other assets as well as the native XRP token, making it possible for trillions of assets to eventually be stored in XRP. The total supply of XRP is capped at 100 billion while the total supply of Bitcoin is capped at 21 million. The network effect is one major underlying force at work but we see 3 more fundamental catalysts underpinning our long term XRP price forecast beyond 2020. Bringing you the best yielding farms here! That will set the stage for a break to new highs which will bring the long standing 20 USD price target front stage. This sets Ripple apart from almost any other startup. All investments involve risk, losses may exceed the principal invested. As long as XRP continues to move in this pattern and as long as the long term crypto bull market (driven by BTC) will continue it will lead bring XRP sooner or later back to all time highs. XRP Ledger (XRPL) is the open-source distributed ledger that is created by Ripple. Share on Facebook Share on Twitter. XRP is the digital asset native to the Ripple system. XRPL uses a different set of rules called the Ripple Consensus Protocol Algorithm (RCPA). Ripple became the most profitable digital currency that year, giving investors over 1000 percent returns on investment. That’s what sets it apart from practically any other cryptocurrency out there.