Following the strong price spike, Ripple’s (XRP) price prediction around the end of summer 2017 could be at $5.00 if it continues to chart as well in Q3/Q4 as it did thus far in Q2. This means we can expect an increase to $5.00 by the time September arrives for Ripple investors. This week’s Ethereum price prediction is up next and ETH prices are expected to move up until August 20, 2017, when the Bitcoin fork is expected to hit markets and give Ethereum holders a series of free coins that will reduce supply and support ETH’s value for some time.
Bitcoin price prediction is at $3,000 by the end of 2017 and the Ethereum price prediction is at $500.00 by the end of 2017. The Litecoin price prediction for 2017 is $50.00. The Ripple price prediction for 2017 is at $1.00 by 2018 and the Bitcoin Cash price prediction is at $1,000 again after its recent climb in value. The Ripple XRP price prediction for 2017 is at $1.00 and into 2018, we can see the XRP price hitting $3.00 or higher. Yesterday’s Ethereum news came in with a bullish trend and prices are climbing. Ethereum has been creating a series of all-time highs over the weeks, the most recent one being at $300.91 earlier today. ETH prices have been increasing on average by about 14% per month this year so far and are based on positive momentum alone as we await news from upcoming ICOs like Augur and Golem that will add to their market cap value.
What is Ripple?
Ripple is a payment protocol and is used by banks as a faster, cheaper way to transfer funds. XRP is the cryptographic token that powers the protocols for high-speed, low-cost payments. Banks can now transfer money in seconds with near-zero fees whereas before bank transfers took days and large fees to process for the banks and their customers.
What is XRP?
The Ripple protocol (XRP) represents the value of any currency that is on its ledger (the Ripple Consensus Ledger). Now cryptocurrency can be transferred instantly with the funds reaching their destination in seconds. An example would be I want to transfer my friend Tom 2 dollars instantly, I would use XRP as the “money transfer” protocol on Ripple and then either have my bank of choice sending money to his bank or I could simply have an option to send him $2 worth of XRP and his Ripple wallet would receive the $2.
What is the Ripple Consensus Ledger (RCL)?
The RCL is a cryptographically secure ledger that has a series of consensus nodes running its software around the world. Each node is responsible for maintaining the ledger and for certifying all transactions going through it. The cryptographic algorithms used to secure the transactions are some of the most advanced peer reviewed cryptographic techniques used in history.
What makes XRP valuable?
Transactions on the RCL are free and instant, making it one of the best ways to transfer any currency from one entity to another instantly. XRP, as a currency, is transferable just like BTC or ETH and can be used directly on their platforms. So if you were to transfer $100 worth of BTC to your friend, there will be a network fee for this transaction. With XRP, you don’t pay any fees for the transactions so banks can save money using the XRP token in their payment systems.
Which exchanges are XRP available on?
XRP is available across a wide range of crypto exchanges including Bithumb, Bitfinex, Poloniex, Binance and more. Please check out our page on How To Buy Ripple to find out where you can buy it with ease. Also be sure to check out our page on How To Buy Bitcoin and other popular cryptocurrencies like Ethereum.
Conclusion
Ripple (XRP) is a cryptocurrency that provides an instant and free transfer of value from one party to another with its blockchain technology. All transactions are natively verified by the Ripple Consensus Ledger (RCL). It can be used as a currency for any transaction online due to its fast speed, low cost and instant transfer of funds. The RCL is open source, publicly accessible, and globally distributed and decentralized.
