In summary: Timothy Peterson's recent analysis of XRP paints a stagnant future for the digital asset. He explains that XRP may never reach $1 let alone $10.
Further, how much does it cost to buy ripple?
Domestic USD deposits are charged a $5 fee. USD SWIFT deposits are charged a $10 fee. Cryptocurrency deposits: Bitcoin, Litecoin and Ripple deposits are all free. Ether just carries a small fee for moving coins into the Kraken wallet.
Along with, is Ripple a good investment 2020? XRP is a good investment because of the huge potential it has to grow. Its low price makes it a great investment opportunity, and its use through the Ripple network as a token for ultra-quick currency transfers, with ultra-low fees, has seen its use increase amongst multinational banks.
In addition to that, can I buy ripple stock?
Since Ripple isn't a publicly-traded company, the only way to acquire shares in the firm is via private investors on the secondary market. To buy and trade Ripple stock you will need to qualify as a “sophisticated investor”.
Can XRP make you rich?
Another major thing to be considered while investing in any cryptocurrency is its fees. Ripple's fees is substantially low compared to most other people out there. ... So when you invest in XRP, you can be assured that its price is going to rise and it will eventually make you rich.