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RIPPLE: ‘THERE IS RELIGIOUS FERVOR AROUND XRP’ OR IT IS AN ‘ENDLESS FRUSTRATION’?

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Few cryptocurrencies lay claim to such a devoted fanbase with a “religious-like fervor” as Ripple. The problem is, most of those people don’t even know the difference between Ripple and XRP — a fact the company’s chief market strategist finds “endlessly frustrating.”

‘ENDLESSLY FRUSTRATING’

During late-2017’s bull-run bubble, few cryptocurrencies captured the attention of both the mainstream media and average cryptocurrency speculator like Ripple (XRP) — the cryptocurrency behind the real-time gross settlement system, currency exchange, and remittance network created by the Ripple company — thanks to a yearly increase in valuation to the tune of 32,000 percent.

While some became rich or made healthy profits by speculating on the bank-friendly cryptocurrency, many others were left holding the bag after XRP’s price fell off a cliff. Those not particularly kind to the centralized cryptocurrency have noted that most of those investors had no idea what XRP’s purpose even was (or is), and are unaware that Ripple itself owns the majority of the total supply.

Compounding matters is the fact that Ripple’s cult-like following still don’t even understand the difference between Ripple and the company’s digital asset, XRP — something even Ripple chief market strategist Cory Johnson finds “endlessly frustrating.” He explained at Yahoo Finance’s All Markets Summit: Crypto last week:It is endlessly frustrating to me that people are unable to distinguish the fact that XRP and Ripple are separate things. I mean, no one calls Exxon Mobil oil. Exxon Mobil has a vested interest in seeing that oil is successful, but that doesn’t mean it’s the same thing.

Investors’ supposed inability to differentiate the company from the product not only led to a dramatic increase in price but also a rapid decline and subsequent stagnation. Johnson realizes this, as well, explaining:We had the best first quarter the company’s ever had, we signed more deals, got more companies into production, deals coming every six days instead of every six weeks like a year ago. Yet XRP had the worst quarter it’s ever had. So I would argue that they’re very much separated.

Perhaps the main problem dogging Ripple right now isn’t the debate over whether or not the US Securities and Exchange Commission will define it as a security, or questions surrounding its centralized nature. Rather, Ripple can’t shake its cult-like fanbase living in blissful ignorance of that XRP actually is.

Johnson explained: Why is there sort of a religious-like fervor around XRP? I don’t think it’s just because the technology is better. I think it’s because people have money at stake. […] When your money’s at stake, you start to pay a little more attention to things. I also think that’s one of the reasons there is such FUD [fear, uncertainty, and doubt]. People who understand it and have made a bet somewhere, want to see the other things fail.

Source: originally published by ADAM JAMES · | JUN 20, 2018 in bitcoinist

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Ripple

Ripple (XRP/USD) weekly forecast on February 18 — 24, 2019

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Cryptocurrency Ripple (XRP/USD) is trading at 0.2985. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bearish trend for Ripple. At the moment, cryptocurrency quotes are moving near the middle border of the Bollinger Bands indicator.

Ripple (XRP/USD) weekly forecast on February 18 — 24, 2019

As part of the forecast Ripple course is expected to test the level of 0.3210. Where should we expect an attempt to continue the fall of XRP/USD and the further development of the downward trend. The purpose of this movement is the area near the level of 0.2350. The conservative Ripple sales area is located near the upper border of the Bollinger Bands indicator at 0.3250.

Ripple (XRP/USD) weekly forecast on February 18 — 24, 2019

Cancellation of the option to continue the decline of the Ripple rate will be the breakdown of the upper border of the Bollinger Bands indicator. As well as a moving average with a period of 55 and closing quotations of the pair above the 0.3520 area. This will indicate a change in the current trend in favor of the bullish for XRP/USD. In case of a breakdown of the lower border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall of the cryptocurrency.

Ripple (XRP/USD) weekly forecast on February 18 — 24, 2019 implies a test level of 0.3210. Further, it is expected to continue falling to the area below the level of 0.2350. The conservative area for selling Ripple is located area of 0.3250. The cancellation of the option of falling cryptocurrency will be the breakdown of the level of 0.3520. In this case, we can expect continued growth.

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Ripple forecast and analysis XRP/USD for 2019

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Ripple XRP/USD quotes are trading at 0.3071 and continue to move in the ascending channel. At the moment, we should expect an attempt to continue the fall and a test of the support level near the area of ​​0.1500. Further, the continued growth of cryptocurrency in the region above the level of 8.0000.

Ripple forecast and analysis XRP/USD for 2019

In favor of raising the XRP/USD quotes, a test of the rising trend line on the relative strength index (RSI) will be made. As well as a rebound from the lower boundary of the rising channel. Cancellation of the growth rate of Ripple cryptocurrency in 2019 will be the fall and close of quotes below the level of 0.1000. This will indicate a breakdown of the lower boundary of the channel and the continuation of the fall of XRP/USD to the area below the level of 0.0250. With the breakdown of the upper boundary of the descending channel and closing above the level of 0.9000, we should expect confirmation of the development of growth in Ripple.

Ripple forecast and analysis XRP/USD for 2019

Ripple forecast and analysis XRP/USD for 2019 implies an attempt to test the support level near the area of ​​0.1500. Where can we expect to continue the growth of cryptocurrency with a potential target at the level of 8.0000. An additional signal in favor of raising Ripple will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option quotes will fall and the breakdown of the area of ​​0.1000. In this case, we should expect the continuation of the development of the downward trend in digital currency with a target below 0.0250.

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Crypto Visa Card Now Supports XRP, Tron, Bitcoin Cash, Litecoin, EOS, Binance Coin and Dash

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The mobile crypto app Spend just added support for XRP. The addition gives users the ability to store the digital asset as well as spend it using the platform’s Visa debit card.

Users can instantly convert their XRP to fiat and load it onto the card, which is accepted at Visa’s 40+ million locations worldwide.

Spend supports a total of 180 countries and is now available in the US.

The company has been adding cryptocurrencies to its platform at a rapid rate. This month alone, it added support for XRP, Tron, EOS, Binance Coin, Dash, Litecoin and Bitcoin Cash.

The Spend app is currently available on iOS. It was also available on Android, but the company pulled it from the Google Play store on Friday to address performance issues and create a more seamless experience for users.

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