Ripple's XRP Price Forecast 2020: The glimpse of hope

Ripple (XRP) drab performance in 2019 leaves investors gasping for air and looking forward to a better 2020.
The 2020 forecast places XRP/USD price above $0.30 with a chance of jumping above $1.0.On-Demand Liquidity gains traction with key players like MoneyGram coming on board.Ripple's XRP price correlation with Bitcoin is expected to continue in 2020.
The bearish hostility across the cryptocurrency market leaves nothing but scarred faces in its wake. However, as they say, ‘it gets darker just before dawn.’
 Besides, Ripple's XRP loss consolidation is beckoning amid sounds of the bullish train approaching the station.


In other words, get ready, lest the train aiming for $1.00 in 2020 leaves the station before you arrive. Meanwhile, XRP’s recovery above $0.3 is imminent with a possible higher consolidation.
The festive season is dawning on us.
It is time we reviewed how rewarding or demoralizing 2019 was for the cryptocurrency trader, investor and enthusiast.
2019 promised the sky following the end of the 2018’s downtrend in December.
The first and second quarters of the year were extremely fruitful for the entire cryptocurrency market. Recovery and remarkable price-performance headlines brightened the cryptocurrency space month-over-month gains until the end of June.

Ripple's XRP price 2019 performance analysis
After hitting yearly lows of $0.2548 on August 31, 2018, XRP significantly recovered to highs, almost hitting $0.80 on September 21, 2018. The recovery was unique to XRP, driven mostly by the Ripple’s 2019 Swell conference. Unfortunately, the losses that followed erased most of the gains, pushing XRP close to 2018.


The cryptocurrency market prices are largely correlated with Bitcoin price action.
 The largest cryptocurrency hit the ‘bottom’ in December 2018 near $3146 and commenced what came to be the biggest rally BTC had experience in over a year.
Ripple's XRP also reacted positively to the market impacted by Bitcoin price action during the first and second quarters of 2019.
The strong bull rally from the beginning of the year saw XRP scale the levels above $0.2, $0.30 as well as $0.4. Further thrust upwards recovered the ground slightly above $0.5 and formed a 2019 high at $0.5139 in June.
 However, since then, Ripple's XRP has been continuously put between a rock and a hard place.
Read the full topic at
https://www.fxstreet.com/cryptocurrencies/news/ripples-xrp-price-forecast-2020-the-glimpse-of-hope-201912231208

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