XRP Might Not Reach $1 in 2019 Even With Coinbase Listing

XRP the native token of the San Francisco based technology giant Ripple came into the news after it was listed Coinbase, in the largest cryptocurrency exchange in the U.S.

In 2018, the Ripple team had tried to encourage Coinbase to list the token which they believed was not a security, and also promised the exchange a fund worth $100 million of XRP.

The exchange persisted that they will adhere to their policy in listing coins. However, many cryptocurrency users are of the belief that this listing could bring to a surge in the price of the coin which attained its value of $3.84 in 2018.

XRP will still find it hard to attain a $1 value by the end of this year because:

1) Its change in price after the announcement was speculative: after the announcement, XRP surged in price by more than 6% and was the best performing coin among the top ten coins in terms of market capitalization. Presently, it is trading below $0.32 and has a negative price change of 1.08%.

2) Binance introduction of XRP pairs could not push the price: the Ethereum community were worried after Binance exchange introduced XRP trading pairs, changed Ethereum market to ALTS market and also placed XRP ahead of ETH even though its trading pairs was lower. That could not surge the price of XRP even though the exchange is the largest in the world.

3) The XRapid experience: in Sept 2018, after it was announced that XRapid will be launched within a few months. The price of the coin increased by more than 100% in 1 week and was tending towards $0.6. That was monumental even after the product was launched in October.

4) The non-performance of other coins listed: other coins had been listed in Coinbase especially ERC-10 tokens. The presence of these coins in Coinbase had not really brought an observable increase in their price. From this, one could really say that XRP might not attain $1 value by the end of 2019.