Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Ripple (XRP) price prediction 2020

What’s in store for the price of Ripple this year and beyond?

Updated

Fact checked

The price of Ripple (XRP) grew by over 28,000% in 2017, seeing it secure its position as the world’s third-largest cryptocurrency by market cap. With plans to provide an enterprise-grade blockchain solution for global payments, Ripple has grand ambitions and strong financial backing. However, it also has a few important challenges and obstacles to overcome in order to achieve widespread success.

So, will the price of XRP keep increasing? If not, why?

Learn more Where to buy Ripple (XRP)

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Quick facts

Ripple Logo

Coin name Ripple
Symbol XRP
Algorithm type Ripple Protocol Consensus Algorithm (RPCA)
Mineable No
Launch date 2012

Ripple price prediction

Cryptocurrencies are infamous for their volatility, but what’s not often realized is that there are several competing factors that can have a positive or negative effect on any coin or token. Before deciding whether to buy Ripple or any other cryptocurrency, you’ll need to carefully assess those factors to determine whether you think Ripple is headed for price growth or a decline.

What could drive Ripple’s growth?

What could hold Ripple back?

Where to buy Ripple

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Wire transfer,Online banking
USD

15
cryptocurrencies

Disclaimer: eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.

Copy the trades of leading cryptocurrency investors on this unique social investment platform. Non-US residents can read our review of eToro's global site here.
Credit card,Bank transfer (SEPA),SOFORT,SWIFT,Fedwire
USD, EUR, AUD, CAD, GBP, JPY

10
cryptocurrencies

Founded in 2013, CoinMama lets you buy and sell popular cryptos with a range of payment options and quick delivery.
Bank transfer (ACH),Bank transfer (SEPA),SWIFT,Xfers,Credit or Debit Card
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR & 9+ more

66
cryptocurrencies

Buy 55+ cryptocurrencies at true cost, earn up to 8% p.a. on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
Bank transfer (ACH),Credit card,Debit card,Bank transfer (SEPA),Wire transfer
USD, EUR, GBP

27
cryptocurrencies

Buy and sell major cryptocurrencies on one of the world's most renowned cryptocurrency exchanges.
Credit card,Cryptocurrency,Debit card
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

210
cryptocurrencies

Finder Exclusive: Get up to 10 USDT in trading fee rebates for signing up and making a deposit, and up to 30 USDT in trading fee rebates after buying with fiat. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Electronic Funds Transfer,Wire transfer,Osko,PayID,Ethana Custody
USD, EUR, GBP, JPY, CAD, CHF, AUD

50
cryptocurrencies

Buy, sell and trade a range of digital currencies on this high-liquidity exchange – suitable for beginners right through to advanced traders.

UK residents: In addition to normal crypto trading, Kraken offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
Bank transfer (ACH),Credit card,Bank transfer (SEPA), Faster Payments Service,Skrill
USD, EUR, GBP, RUB

22
cryptocurrencies

Disclaimer: Highly volatile investment product. Your capital is at risk.
Use your USD, EUR or RUB to buy and sell cryptocurrency at competitive exchange rates and with high maximums for verified accounts.
Credit card,Cryptocurrency
USD, JPY, RUB, EUR

387
cryptocurrencies

CoinSwitch allows you to compare and convert over 250 cryptocurrencies across all exchanges.
Binance.US Cryptocurrency Exchange
Bank transfer (ACH),Bank transfer,Cryptocurrency,Debit card,Wire transfer
USD

29
cryptocurrencies

Get a US$15 bonus when you trade US$100 or more of any supported crypto. T&Cs apply.
Trade with USD on Binance.US, the American dollar onramp of the world’s largest cryptocurrency exchange. Non-US residents can read our review of Binance's main exchange here.
Changelly Crypto-to-Crypto Exchange
Credit card,Debit card
USD, EUR, GBP, AUD, CAD, CHF, HKD, JPY, PHP, ZAR & 30+ more

146
cryptocurrencies

Access competitive crypto-to-crypto exchange rates for 150+ cryptocurrencies on this global exchange.
loading

Compare up to 4 providers

Ripple’s competition

The actions of Ripple’s competitors could also lead to rises or falls in the price of XRP, so you’ll need to monitor news and developments from other similar projects. Some of the platforms to keep an eye on include:

  • Stellar (XLM). Regularly listed as Ripple’s main competitor, Stellar aims to offer fast, affordable and reliable cross-border payments. Developed by one of Ripple’s co-founders, Jed McCaleb, Stellar has so far focused on different customers to Ripple, focusing on providing an inclusive global payments system rather than targeting major financial institutions. Find out more about how the two projects compare in our comprehensive guide.
  • SWIFT. Long seen as a reliable and secure way to send cross-border payments, SWIFT has been serving banks since 1973. It’s come in for some heavy criticism from blockchain advocates, but SWIFT has recently been exploring ways to speed up cross-border payments, including the use of blockchain technology.
  • Visa. In November 2017, Visa introduced the pilot phase of its blockchain-based business-to-business payments service, B2B Connect. Developed with blockchain startup Chain, the service is designed to allow direct cross-border payments between institutions.

Beyond 2020: What does the future hold for Ripple?

There are interesting times ahead for this cryptocurrency project. From unconfirmed leaks questioning the functionality of Ripple technology to the Coinbase listing rumors being busted, Ripple has taken a few hits in recent times.

With this in mind, we can expect a focus on rebuilding confidence in its brand and forming partnerships with an increased number of big-name corporates. So far in the history of Ripple, we’ve seen many impressive announcements of the platform partnering with financial institutions that are testing its technology, including Western Union, Saudi Arabia’s central bank, Santander, UniCredit, UBS and a host of others.

What many will be watching with interest throughout 2018 and the years ahead is whether or not those banks will actually adopt Ripple’s technology for public use. If it can deliver speed, low transaction costs and scalability as promised, and beat out the competition to become the payment processor of choice for banks, there’s plenty of potential for growth.

Some announcements of official partnerships have already occurred. Mexican financial services firm Cuallix will use XRP for cross-border payments, while in January 2018 it was announced that MoneyGram would pilot the use of XRP using Ripple’s xRapid service.

On Twitter, Ripple CEO Brad Garlinghouse posted: “…three of the top five money transfer companies worldwide will be implementing Ripple’s XRP token in their payment flow systems in 2018.”

Stay up to date with the latest crypto news, announcements and Ripple developments

Bottom line

Ripple is an exciting project that certainly has the potential to become a major player in the world of payment processing. It boasts impressive financial backing and a long list of big-name corporate partners, as well as what its CEO has called a $15 billion war chest to fund future acquisitions and development.

However, whether or not it can achieve widespread adoption by, and work successfully with, the existing banking world remains to be seen. Banks are notoriously conservative and hesitant to adopt new technology, and this could be a significant barrier the project will need to overcome.

The bottom line is that you should always do your own research. Make sure you carefully consider all the factors that affect the price of Ripple before deciding whether or not to buy any XRP.


Image source: Shutterstock

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

At the time of writing, the author holds IOTA and XLM.


More guides on Finder

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

2 Responses

  1. Default Gravatar
    EliasSeptember 24, 2018

    regardless of all these predictions about ripple is it safe to say its on an upward trend by how much is determined by the perfomance of other currencies?????

    • Avatarfinder Customer Care
      JoshuaSeptember 26, 2018Staff

      Hi Elias,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      Cryptocurrencies are also subject to the law of supply and demand. For this reason, the demand for other cryptocurrencies may either negatively and positively affect the demand for XRP. Generally, if there’s a higher demand for other cryptocurrencies, then it follows that the demand for XRP may also lower. However, please note that past performance may not be a 100% accurate indication of future performance. Not only that, but cryptocurrencies are highly speculative and volatile. For this reason, it is up to you to do your research to decrease the risk of doing your investment.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

Go to site