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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