The XRP coin was created by RippleLabs as a universal intermediary in money transfers and fiat currency exchange. XRP coin supply is controlled by RippleLabs. XRP cannot be mined, the developers refused the idea of mining and issued 100 billion XRP coins. There is no additional emission of XRP coins. This cryptocurrency is not decentralized, but it has its advantages. At the moment, Ripple offers a quite easy and cheap way to exchange any currency, and the internal XRP cryptocurrency is involved in each transaction. Due to this, the liquidity of this crypto and its market price increase.
In the future, the creators see XRP as the main global reserve currency. Nowadays some people believe that XRP remains one of the most attractive options for long-term crypto investment.
We would like to check several crypto sources and review forecasts of the XRP price for 2020 below.
The first XRP price prediction is from TradingBeasts. It says that the XRP price 2020 will be the following (as of 30/06/2020):
Minimum XRP price for 2020: $0.1863973
Maximum XRP price for 2020: $0.2838461
Average XRP price for 2020: $0.2232097
Mid-year XRP price 2020
Minimum XRP price expected: $0.1930153
Maximum XRP price expected: $0.2838461
Average XRP price expected: $0.2270769
Year-end Ripple price predictions 2020
Minimum expected: $0.1863973
Maximum expected: $0.2741136
Average expected: $0.2192909
The next one is the WalletInvestor that predicts the following XRP price in 2020 (as of 30/06/2020):
Maximum XRP price for 2020: $0.3919645
Mid-year Maximum XRP price expected: $0.3919645161
Year-end Maximum XRP price predictions 2020: $0.2623225806
According to the Digitalcoinprice, we can get the following XRP price (as of 30/06/2020):
Minimum XRP price 2020: $0.31069318
Maximum XRP price 2020: $0.38410513
Average XRP price 2020: $0.3527124
Mid-year XRP price 2020: $0.37454958
Year-end XRP price prediction 2020: $0.38410513
Here is the XRP price prediction 2020 by Longforecast (as of 30/06/2020):
Minimum XRP price for 2020: $0.12
Maximum XRP price for 2020: $0.19
Average XRP price for 2020: $0.15
Mid-year XRP price 2020:
Minimum XRP price expected: $0.15
Maximum XRP price expected:$0.19
Average XRP price expected: $0.17
Year-end XRP price predictions 2020:
Minimum expected: $0.13
Maximum expected: $0.16
Average expected: $0.15
Crypto-Rating has the following XRP price prediction (as of 30/06/2020):
In six months: $0.194260
By January 1, 2021: $0.089728
The next XRP price prediction is based on information from CoinPriceForecast (as of 30/06/2020):
In the middle of 2020, we expect to see $0.18 per 1 XRP coin. The forecasted XRP year to year change -1%. The rise from today to year-end: +8%.
The middle of 2020: $0.18
The end of 2020: $0.19
Also we have a forecast from Cryptoinfobase (as of 30/06/2020) :
Their analysts suggest that in 2020, XRP will return to the position reached at the beginning of 2018 because, despite market trends, the coin still has good support among crypto investors.
What do crypto enthusiasts think about the XRP price in 2020? We will give a few examples below.
The founder of Gokhshtein Media, David Gokhshtein, expressed his regrets about the price of XRP and tweeted on June 23, 2020: “$XRP shouldn’t be this low. Not with what they have to offer.”
In addition, the cryptocurrency investor and YouTube blogger, Alex Cobb confirmed that he also believes in Ripple: “F*ck loads of XRP was moved around right after this, and price is breaking resistance, community doesn’t seem to like it but idgaf I’m holding indefinitely. This is the future of banking”
XRP fans from the crypto community also have their opinion on the XRP price. For example, XRP believer and analyst @DejuanLeeMartin recently posted on Twitter: “If #xrp performs just %10 as well as it did in 2017-2018 the price will be $12 from today’s pricethink about that my friends #xrpcommmunity @Kevin_Cage_ @mrlevelup”.
One more XRP fan @xrp_phoenix replied on Twitter to the question “How about Ripple DISRUPTING the low price of XRP and move it on up?????” : “Yeah, disrupt that price @Ripple XRP should’ve been at $10 min by the end of last year”.
In the end, we can see that Ripple still has strong support in the crypto community. Undoubtedly, the price of XRP can fluctuate in 2020, since the year is quite unstable, but work on XRP does not stop and the coin can show a fairly good result by the end of the year.
Thank you for your attention to this topic. SimpleSwap would like to remind you that this article has informational purposes only and does not provide advice on investment. You are the only one responsible for making investment decisions.