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Could 2020 Hold Exponential XRP Growth?

A Quora user must have gotten the surprise of their life when their question was answered by legendary investor Tim Draper himself. When posing a question about when Ripple is going to reach its quickest high profits, Draper responded saying that the XRP price is about to go through some “explosive growth.” So, what is Ripple exactly, and could 2020 hold exponential XRP growth? Let’s investigate how the Ripple price will increase towards 2020. 

What is Ripple? 

So, what is Ripple? Ripple is the company behind XRP, that was first released in 2012 by Chris Larsen and Jeb McCaleb. Ripple is known for its digital payment protocol, which operates on an open-source, peer-to-peer decentralized platform that enables users to make seamless transactions of any currency – digital or otherwise – whether it be USD, Bitcoin, Litecoin, or Yen.  


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At the time of writing, Ripple is the third largest cryptocurrency, sitting with a market cap of $10,683,335,933 (according to CoinMarketCap). The Ripple price is at $0.234636. 

 

XRP growth 

Could 2020 hold exponential XRP growth? According to Tim Draper, XRP’s price is set to skyrocket in the next few months. “Looking at the three-time growth of Bitcoin over the past 5 months, one would expect a similar result from XRP.” Draper believes that XRP should have already surpassed $0.6 or $0.9 by now, which would be because of the result of Ripple’s expansions and the partnerships they’ve entered into recently. 

Draper continues, “The company is actively developing, expanding the sphere of influence, enlisting the support of large financial institutions and constantly improving the technology of transfers.” Clearly somebody’s bullish on XRP at the moment, and his reasoning behind it is pretty sound. With all of Ripple’s expansions as of late, it would make sense for the coin to pick up in the near future. 

Finally he argues that, “In addition, Ripple is owned by SBI, a large corporation with companies such as R3. Everything indicates that the current situation, only the calm before the storm, in our case, before the explosive growth.” XRP price is set for exponential growth in 2020, and Draper clearly knows it. Should we take the advice of a prominent and well-respected investor like himself? Most definitely. With the digital asset markets heading for a bull run in the near future, it’s pretty obvious that Draper is bullish on XRP, and Ripple’s price.  

Draper Bullish on XRP 

So could 2020 hold exponential XRP growth? Yes, at least according to Tim Draper. With so much experience in the crypto asset industry, it’s very likely that he sees something that others don’t. This crypto bull is clearly feeling bullish on XRP, and we should definitely take notice. 


Your capital is at risk.

 

Learn to trade XRP on eToro, the world’s leading social trading platform. Learn more at www.etoro.com 

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework. Your capital is at risk.

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