Ripple has been on every investor’s radar for some time now, and after the slump in early 2018, XRP seems to be gaining traction with speculations and news which are advantageous to Ripple. Being backed by large institutions with worldwide interest and the most critical part of the organization, its functionality, and operability, has resulted in Ripple’s success. With these aspects, Ripple is bound to grow in short and long-term period.
Few believers in Ripple’s XRP say that it can reach $10 per token by the end of 2018. You may think that the token price is pretty low, but the price per token presently is $0.5, when the price of the token rises to $10, it’ll give a return of 20 times the actual investment or 2000%!
Based on projections present currently, people in the XRP community believe that the price could go as high as $200-$300 in just 10 years, this will result in 40,000% – 60,000% increase.
If the company is able to form partnerships and implement XRP, this can be potentially attainable. XRP is also less volatile compared to other cryptocurrencies.
Ripple’s XRP also happens to be the most practical cryptocurrency present in the network currently which has a working model and a blueprint of how Ripple will succeed. As the world’s financial sector pivots to FinTech, Ripple’s adoption is inevitable. With its ability to provide an efficient and optimal payment system, with meager transaction costs, saving costs incurred by both the bankers and their customers.
Ripple’s platform represents innovative systems and it has been around 2012, which is solidly picking up the pace in the world of cross-border payments.
xRapid will help banks to transfer money to other countries without the need to maintain reserves which will bring down costs and expenses drastically. The XRP token will be used by the banks to transfer money. With American Express, Santander, MUFG on board, many other banks are projected to join the Banking revolution.