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Bitcoin (BTC/USD) forecast and analysis on June 13, 2019

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Cryptocurrency Ripple (XRP/USD) is trading at 0.3937. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bearish trend on Ripple. At the moment, cryptocurrency quotes are moving near the middle border of the Bollinger Bands indicator.

Ripple (XRP/USD) forecast and analysis on June 13, 2019

As part of the Ripple course forecast, a test level of 0.4040 is expected. 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 0.3680. The conservative Ripple sales area is located near the upper border of the Bollinger Bands indicator at 0.4120.

Ripple (XRP/USD) forecast and analysis on June 13, 2019

Cancellation of the option to continue the decline in the Ripple rate will be a breakdown of the upper border of the Bollinger Bands indicator bands. As well as a moving average with a period of 55 and closing quotations of the pair above the 0.4260 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) forecast and analysis on June 13, 2019 implies a test level of 0.4040. Further, it is expected to continue falling to the area below the level of 0.3680. The conservative area for selling Ripple is located area of 0.4120. Canceling the option of falling cryptocurrency will be a breakdown of the level of 0.4260. In this case, we should expect continued growth.

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Ripple Forecast and Analysis September 16 — 20, 2019

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Ripple XRP/USD end the trading week at 0.2512 and continue to move as part of the decline. Moving averages indicate a downward trend. At the moment, we should expect an attempt to develop a correction and test the resistance area near 0.2755. Where again we should expect a rebound and continued fall of the cryptocurrency to the area below the level of 0.1545.

Ripple Forecast and Analysis September 16 — 20, 2019

In favor of reducing the XRP/USD quotes in the current trading week September 16 — 20, 2019, a test of the downward trend line on the relative strength index (RSI) will be made. The second signal will be a rebound from the upper boundary of the downward channel. Cancellation of the fall option of the Ripple cryptocurrency will be a strong growth and a breakdown of the 0.3515 area. This will indicate a breakdown of the resistance area and continued growth of XRP/USD quotes with a target above the level of 0.3875. A confirmation of the fall of the cryptocurrency will be a breakdown of the support level and closing of quotations below the area of ​​0.2245.

Ripple Forecast and Analysis September 16 — 20, 2019

Ripple Forecast and Analysis September 16 — 20, 2019 involves an attempt to test the resistance level near the area of ​​0.2755. Where can we expect the continuation of the fall in quotations with a potential target at the level of 0.1545. An additional signal in favor of reducing Ripple will be a test of the trend line on the relative strength index (RSI). The cancellation of the option of falling cryptocurrency will be the breakdown of the 0.3515 area. This will indicate a continuation of the rise with the target above the level of 0.3875.

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Ripple’s Community Shows Interest in Forking XRP Into “RippleOne”

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What better way to kick off a new week in the crypto industry than by having some potential drama. While Ripple and XRP are prominent entities in the industry, a lot of people have a genuine dislike for both. Things have gotten out of hand recently, as Crypto Bitlord claims he will effectively fork XRP. There is even a Discord channel created for this specific purpose, albeit it seems unlikely much will come of it.

The XRP Fork Plan

While it is not uncommon in the cryptocurrency industry to fork existing projects, most of these ventures are never overly successful. In the case of Bitcoin, there have been so many spin-offs that most people have stopped bothering to keep track of it all. Ethereum also has its own fork, as do numerous other cryptocurrencies on the market today. Surprisingly, it now seems XRP may be added to this list in the near future, assuming the speculation and rumors on Twitter will effectively lead to some plan of action. 

If Crypto Bitlord is to be believed, there will be a fork of XRP in the very near future. The new fork will be known as RippleOne and aims to disrupt the existing ecosystem as a whole. Why anyone would try to fork a project which isn’t even a traditional cryptocurrency in the first place, remains rather unclear. It appears this particular user is not too pleased by the way XRP has performed in recent months, although the same can be said about all cryptocurrencies, tokens, and assets on the market right now. 

The Discord Channel Goes Live

As is often the case in the cryptocurrency industry, an idea like this tends to get some attention sooner or later. There appear to be many XRP holders who are displeased with how Ripple is handling the sale of XRP through its escrow contracts. Even though that move was designed to bring more legitimacy to the project as a whole, it seems a lot of people don’t understand the purpose of taking this approach. There are also concerns as to how Ripple is effectively pushing the XRP price down by continually selling these locked assets every single month. 

As the RippleOne concept gains more traction, it now appears there is a dedicated Discord channel for like-minded users to come together.  Although this is a big step in the right direction toward creating RippleOne, it doesn’t necessarily mean an XRP fork will ever occur. More often than not, this is merely smoke and mirrors to try and cause a ruckus. Effectively forking a project and making it successful is a lot more difficult than people might expect.  If it wasn’t, everyone would so at their leisure, which is the last thing the cryptocurrency industry needs.

Would it Even Pose a Threat?

To this date, no one can deny Ripple has seen its fair share of success over the past few years. While it is true XRP has lost tremendous value compared to its multi-dollar all-time high, the same goes for most of the markets today, with the exception of Bitcoin. Even that currency is down by nearly 50% compared to its all-time high of late 2017. There is no reason to believe these markets will not recover in due time. That being said, not everyone has the patience of a true holder, which is only to be expected under the current circumstances.

Even if this XRP fork were to be created, one has to wonder if it can pose a legitimate threat. Since everyone knows RIpple and XRP by now, it seems unlikely RippleOne will make much of an impact. Moreover, Ripple has the partnerships necessary to become a successful company, whereas RippleOne would have to start from scratch. There are far easier projects to fork if developers want to make a quick buck, as going after XRP will involve a lot of patience and hard work. 

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Ripple’s XRP technical analysis: XRP/USD bulls are lifeless with a position to capitalize to the north

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  • Ripple’s XRP price on Monday is trading marginally in the green, up some 0.20%. 
  • XRP/USD price action is moving in consolidation mode, sitting just above a breakout pennant structure. 
  • Upside appears to be very much capped by resistance within the $0.2600 price area. 

Spot rate:                 0.2542

Relative change:      -0.65%

High:                         0.2637

Low:                          0.2605

XRP/USD

OVERVIEW
Today last price0.2611
Today Daily Change0.0004
Today Daily Change %0.15
Today daily open0.2607
TRENDS
Daily SMA200.2587
Daily SMA500.2793
Daily SMA1000.3312
Daily SMA2000.3365
LEVELS
Previous Daily High0.2647
Previous Daily Low0.2592
Previous Weekly High0.2665
Previous Weekly Low0.2511
Previous Monthly High0.3308
Previous Monthly Low0.2392
Daily Fibonacci 38.2%0.2613
Daily Fibonacci 61.8%0.2626
Daily Pivot Point S10.2584
Daily Pivot Point S20.256
Daily Pivot Point S30.2529
Daily Pivot Point R10.2639
Daily Pivot Point R20.267
Daily Pivot Point R30.2694

XRP/USD daily chart

  • XRP is sitting just above a breached bearish technical pennant, there is a lack of commitment for now. 

XRP/USD 60-minute chart

  •  The heavy near-term supply can be observed within the $0.2600 region, as sellers remain capped within region. 

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