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XRP is a top 3 crypto by market capitalization, and many investors are trying to determine which price will the coin reach this month. Today, we will be looking at past price movements and analysis to formulate a Ripple (XRP) price prediction for October 2019.

What Is Ripple (XRP)?

XRP LOGOXRP is the native currency of the Ripple payment network, which powers Ripple’s other products that enable fast money transfers. The cryptocurrency was launched in 2012 by “OpenCoin,” with the company rebranding three years later into Ripple Labs.

While most use Ripple and XRP interchangeably, know that Ripple is a digital payment protocol, while XRP is a cryptocurrency.

XRP has produced the highest ROIs of all time for ICO investors, being regarded as one of the best altcoins for investments.

Ripple (XRP) Price Analysis

XRP started the month of September at $0.259, managing to break the $0.3 resistance levels halfway through the month, but slowly started descending in the last week to $0.24 levels.

Ripple image

On September 30th, XRP went up from under $0.2400 to $0.259 in just a few hours, ending the month at the same values it opened. XRP started October at $0.2533, from what we can notice from the past week, XRP has been fluctuating around the same prices, with not too many exciting gains or losses.

Ripple image 1

On October 2nd, Ripple’s XRP price was also trading at $0.25, down -0.80% in the session. October 3rd saw the coin descend towards $0.244 levels, slowly climbing back to $0.26 at the end of the day.

Ripple image 2

The critical demand zone was set between $0.2400-0.2300, where the price hit its lowest in the period of 25-29 September.

Ripple image 3

XRP is currently trading (Oct. 4th) at $0.249568, up with 0.07% for the day, with a market cap of $10,761,798,378. The highest value it had over the course of 7 days was $0.260526, while the lowest for this period was at $0.236745.

Ripple image 4

Developments and Partnerships

Other factors that influence the price of XRP are developments and partnerships, and as such, we will be discussing some significant collaborations involving Ripple and XRP.

XRP partnered this month with the BitPay payment processor, a partnership that will allow its owners to make purchases with the coin at thousands of businesses and merchants.

“Soon, BitPay merchants around the world will be able to accept #XRP payments alongside cryptocurrencies like ETH, BTC, and BCH. Read about our upcoming work with @Ripple.”- Tweeted Bitpay.

The Ripple company is also constantly adding new clients to its network, including leading names from the banking and payment processing industries. Banks such as American Express, Standard Chartered, Axis Bank, Santander, and MUFG are members of the Ripple network and using their technology to enable faster transfers. Although many banks and institutions are using Ripple technologies, very few of them actually use XRP. MoneyGram is one of the few companies that has employed the use of the XRP coin in its operations.

Ripple image 5

In October 2019, Ripple CEO Brad Garlinghouse will be meeting with SEC Chairman Jay Clayton to discuss XRP’s security status. If they will come to the agreement that XRP is secure; a sharp crash is to be expected.

Also in October, Ripple Labs will be hosting their annual event in which the “world’s most trusted voices across financial services, payments, technology, and policy” will be gathering to deliberate matters regarding the payments industry, and also talk about the XRP crypto token.

In the past, Ripple Labs conference has been correlated to strong pumps in XRP price, which makes crypto analysts believe there will be another strong rise soon.

Ripple (XRP) Price Prediction: Market Opinion for October 2019

Various crypto sites and analysts have made their own Ripple (XRP) price prediction for October. To give you a more well-rounded and comprehensive grasp of the market opinion, we have listed some of these predictions.

LongForecast

LongForecast predicted that XRP would start the month at 0.26 Dollars. They also anticipated that the maximum price the coin will reach this month will be $0.28, while the minimum price will be around $0.18. They calculated the monthly average at $0.24, with XRP ending the month at $0.23, change for October -11.5%.

Randforecats

Randforecasts made XRP price predictions for every day of the month of October, with the highs and lows the price might reach.

  • October, 7: price 0.239031 USD, high 0.255538, low 0.222523;
  • October, 8: price 0.243000 USD, high 0.260169, low 0.2258;
  • October, 9: price 0.2377 USD, high 0.2542, low 0.2211;
  • October, 10: price 0.2542 USD, high 0.271415, low 3.57;
  • October, 11: price 0.253585 USD, high 0.271415, low 0.235759;
  • October, 14: price 0.2541 USD, high 0.272076 low 0.236419;
  • October, 15: price 0.256887 USD, high 0.274722, low 0.239061;
  • October, 16: price 0.252289 USD, high 0.270121, low 0.234457;
  • October, 17: price 0.264837 USD, high 0.283359, low 0.246370;
  • October, 18: price 0.233160 USD, high 0.249673, low 0.216647;
  • October, 21: price 0.227203 USD, high 0.243054, low 0.211306;
  • October, 22: price 0.217249 USD, high 0.232436, low 0.202061;
  • October, 23: price 0.214607 USD, high 0.229845, low 0.199431;
  • October, 24: price 0.210657 USD, high 0.225185, low 0.196129;
  • October, 25: price 0.201412 USD, high 0.215245, low 0.187514;
  • October, 28: price 0.219866 USD, high 0.235068, low 0.204694;
  • October, 29: price 0.240995 USD, high 0.258179, low 0.223843;
  • October, 30: price 0.239674 USD, high 0.256263, low 0.223240;
  • October, 31: price 0.237668 USD, high 0.2541, low 0.221202.

30rates

30rates also forecasts that the price on Ripple on a day to day basis, providing the minimum and maximum forecasts, as well as the value XRP will reach at the end of the day.

  • October, 7: minimum price $0.224, maximum $0.258 and at the end of the day price 0.241 dollars;
  • October, 8: minimum price $0.229, maximum $0.263 and at the end of the day price 0.246 dollars;
  • October, 9: minimum price $0.221, maximum $0.255 and at the end of the day price 0.238 dollars;
  • October, 10: minimum price $0.236, maximum $0.272 and at the end of the day price 0.254 dollars;
  • October, 11: minimum price $0.234, maximum $0.270 and at the end of the day price 0.252 dollars;
  • October, 14: minimum price $0.234, maximum $0.270 and at the end of the day price 0.252 dollars;
  • October, 15: minimum price $0.235, maximum $0.271 and at the end of the day price 0.253 dollars;
  • October, 16: minimum price $0.232, maximum $0.266 and at the end of the day price 0.249 dollars;
  • October, 17: minimum price $0.244, maximum $0.280 and at the end of the day price 0.262 dollars;
  • October, 18: minimum price $0.213, maximum $0.245 and at the end of the day price 0.229 dollars;
  • October, 21: minimum price $0.206, maximum $0.238 and at the end of the day price 0.222 dollars;
  • October, 22: minimum price $0.197, maximum $0.227 and at the end of the day price 0.212 dollars;
  • October, 23: minimum price $0.194, maximum $0.224 and at the end of the day price 0.209 dollars;
  • October, 24: minimum price $0.190, maximum $0.218 and at the end of the day price 0.204 dollars;
  • October, 25: minimum price $0.182, maximum $0.210 and at the end of the day price 0.196 dollars;
  • October, 28: minimum price $0.200, maximum $0.230 and at the end of the day price 0.215 dollars;
  • October, 29: minimum price $0.219, maximum $0.251 and at the end of the day price 0.235 dollars;
  • October, 30: minimum price $0.219, maximum $0.253 and at the end of the day price 0.236 dollars.

The Ripple (XRP) price prediction for October, 31 will have a minimum price of $0.219 and a maximum of $0.251, with the day closing at 0.235 Dollars.

Poundf.co

Poundf.co is another website that gives daily forecasts of XRP prices, as well as the highs and lows of each particular day:

  • October, 7: price 0. 0.246 USD, high 0.259, low 0.234;
  • October, 8: price 0.246 USD, high 0.259, low 0.2344;
  • October, 9: price 0.2344 USD, high 0.246, low 0.222;
  • October, 10: price 0.246 USD, high 0.259, low 0.2344;
  • October, 11: price 0.246 USD, high 0.259, low 0.2344;
  • October, 14: price 0.246 USD, high 0.259, low 0.2344;
  • October, 15: price 0.246 USD, high 0.259, low 0.2344;
  • October, 16: price 0.246 USD, high 0.259, low 0.2344;
  • October, 17: price 0.259 USD, high 0.271, low 0.246;
  • October, 18: price 0.222 USD, high 0.2344, low 0.209;
  • October, 21: price 0.209 USD, high 0.222, low 0.197;
  • October, 22: price 0.197 USD, high 0.209, low 0.185;
  • October, 23: price 0.197 USD, high 0.209, low 0.185;
  • October, 24: price 0.197 USD, high 0.209, low 0.185;
  • October, 25: price 0.185 USD, high 0.197, low 0.172;
  • October, 28: price 0.197 USD, high 0.209, low 0.185;
  • October, 29: price 0.222 USD, high 0.2344, low 0.209;
  • October, 30: price 0.222 USD, high 0.2344, low 0.209;
  • October, 31: price 0.222 USD, high 0.2344, low 0.209.

Audtoday

Audtoday’s Ripple (XRP) price prediction spans to the end of October, featuring the highs and lows of each day of the month.

  • October, 7: price 0.243222 Australian Dollars, high 0.263436, low 0.2229;
  • October, 8: price 0.249927 Australian Dollars, high 0.270191, low 0.229670;
  • October, 9: price 0.243222 Australian Dollars, high 0.263436, low 0.2229;
  • October, 10: price 0.256735 Australian Dollars, high 0.276946, low 0.236425;
  • October, 11: price 0.256735 Australian Dollars, high 0.276946, low 0.236425;
  • October, 14: price 0.256735 Australian Dollars, high 0.276946, low 0.236425;
  • October, 15: price 0.256735 Australian Dollars, high 0.276946, low 0.236425;
  • October, 16: price 0.249927 Australian Dollars, high 0.270191, low 0.229670;
  • October, 17: price 0.263436 Australian Dollars, high 0.283705, low 0.2432;
  • October, 18: price 0.229670 Australian Dollars, high 0.2432, low 0.216153;
  • October, 21: price 0.2229 Australian Dollars, high 0.236425, low 0.209398;
  • October 22: price 0.216153 Australian Dollars, high 0.229670, low 0.202647;
  • October, 23: price 0.216153 Australian Dollars, high 0.229670, low 0.202647;
  • October, 24: price 0.209398 Australian Dollars, high 0.2229, low 0.195892;
  • October, 25: price 0.202647 Australian Dollars, high 0.216153, low 0.189134;
  • October, 28: price 0.2229 Australian Dollars, high 0.236425, low 0.209398;
  • October, 29: price 0.2432 Australian Dollars, high 0.263436, low 0.2229;
  • October, 30: price 0.2432 Australian Dollars, high 0.263436, low 0.2229;
  • October, 31: price 0.2432 Australian Dollars, high 0.263436, low 0.2229.

Conclusion

With this, we conclude our Ripple (XRP) price prediction for October. We hope that the information we have provided has been of help in your future trading endeavors.

Featured image: coindesk.com

 

source: https://coindoo.com/xrp-price-prediction-october/

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