Ripple CEO discusses plans for 2020; where is XRP heading next?

The former chairman at Hightail added that XRP is seeing a significant amount of traction as it accelerates the adoption of blockchain technology.

XRP brings cross-border payments into the modern world.

As Ripple continues to expand its cross-border payment solutions, XRP is consolidating without a clear sign of where it is heading next.

XRP is trading within a no-trade zone mostly between $0.24 and $0.30.

When looking at its 12-hour chart, XRP appears to be breaking out of an ascending parallel channel that formed in late October.

Now that XRP broke below the bottom of the channel, it plunged to the 100-twelve-hour moving average.

40-year trading veteran Peter Brandt recently stated that a diamond bottom seems to be forming in XRP's daily chart.

Brandt estimates that despite the decline seen in the last 24 hours if XRP is able to close above $0.30, it could shoot up more than 50 percent to $0.47.Moving Forward.

The head of Ripple described it as a marathon and he believes that the industry is still on "Mile two." Finally, regardless of the price of XRP, he said that the most important part is the developments being done in the underlying technology.

"I don't think about the price of XRP in the short term. I think if we can enable XRP to be the most efficient in terms of the speed of a transaction and the cost of a transaction more and more people will use it."