- Rating Report list
Ripple - Analysis & Research report - CoinCheckup.com
Algo. score rating 4.1/5 (#31) 100% Open channels 71% Team Strength 84% Product Strength 83% Coin strength 60% Business strength 100% Brand awareness See attached PDF Analysis & Research report for more details.
Rating: Buy | XRP (XRP) | Target Price $1.75
Ripple making a splash for stronger growth and further upside value amidst Q3 sales results Picolo Research presents a ‘Buy’ rating on XRP with a target price of $1.75, which represents a 289% upside potential. Our analysts believe that XRP is prime to disrupt a $5 trillion daily settlement market, creating waves to the decades-old banking system. XRP will continue to display its dominance in the crypto markets by holding one of the top 3 spots, at the same time exerting influence in the global financial industry.
Ripple - Blockchain Payment Protocol
The Ripple ledger, and enterprise products of Ripple, is built as a peer-to-peer blockchain financial rails protocol. It is designed primarily for use by corporate-level organizations within the financial sector, such as banks and payment providers. Originally named Opencoin, the goal of this project is to help make cross-border transactions easier and at lower costs by removing intermediaries that exist in the current system. The current international financial and transfer system is beset with inefficiencies, and incumbents make billions in transaction fees. Ripple attempts to solve this problem by using what are called “gateways”, a global ledger comprised of smaller networks. Companies, institutions, and governments are all able to access the Ripple network, and transfer tokenized assets over the network. With a ledger closing time of 2-5 seconds, and throughput of over 1,000 transactions per second, Ripple's ledger is one of the fastest in the industry. XRP, the nativide digital asset of the ledger, functions as the liquid vehicle to make these exchanges as seamless as possible.
Follow-up Tracking Rating : Ripple | Rank : A | Risk : Low
In the past two days, the explosive growth of XRP in the secondary market also showed that XRP can make a good performance despite the current situation of the whole market.
Ripple Rating Report
Ripple connects banks, payment providers, exchanges, and corporations via RippleNet. Its token, XRP, is used for cross-border payments of the xRapid business. At present, the project has cooperated with many banks, but its solution relies on centralized institutions. Additionally, its token distribution is currently relatively centralized.
[XRP] "The Digital Asset for Enterprise Use"
Ripple provides a seamless global payment experience by means of blockchain technology. Through Ripple's growing global payment network, financial institutions will be able to handle the remittance from their customers anywhere in the world. It is real-time and reliable with low cost.
Ripple XRP: The Blockchain Solution for Financial Institutions
Ripple XRP is a cryptocurrency that was developed to revolutionize inter-bank payments through the use of the Ripple protocol. While the cryptocurrency is termed "Ripple" the liquidity and settlement token in the Ripple protocol is termed "XRP" and is used by the counter-parties to settle these inter-bank payments. Ripple is trying to take on the likes of Swift which handles cross currency payments. The Ripple protocol can be used to facilitate the transfer of value from one person in the world to another in a decentralized manner. Ripple was developed by a company called Ripple Labs and was initially launched in 2012. Ripple Labs has been forging a number of really important relationships with banks and other financial institutions that are trialing the X-rapid and X-current, the Ripple products. The main benefits of Ripple are the speed and cost of transactions. Ripple is able to settle international payments in less than 4 seconds and the fees are approximately 0.00001 XRP per transaction. Given that XRP is a liquidity and settlement token, it can also be used for transactions of unrelated assets such as fiat currencies and commodities etc. Ripple Labs is backed by large venture capital firms and has some really experienced developers and founders. There are concerns around the centralization of the Ripple network as the bulk of the XRP are controlled by Ripple Labs. The Ripple Protocol consensus algorithm (RPCA) is also centralized but can scale more easily when compared to Proof of Work algorithms. The biggest competitor to Ripple is Stellar Lumens (XLM) which is a fork of Ripple and is trying to develop a decentralized micro payment network.