Failing to sustain high price level, XRP is keeping around $0.30. It might seem that Ripple’s XRP stands still all the time, but Twitter users have the opposite opinion. They are sure that big changes are coming, and XRP is simply accumulating power for the price to explode. Can Ripple go to the moon in 2019? What will drive its overwhelming growth? Check out XRP price predictions from Twitter users.
The history repeats
According to the long-term price charts, Ripple might be repeating its history, and the scenario of 2019 can actualize this year, too:
If XRP breaks out of the current resistance zones, its growth would exceed $1 easily. Some traders are sure it has enough potential to touch the $5 level, too.
Are there any certain triggers of XRP growth? There’s a bunch of theories. One of them claims that Ripple will burn its immense reserves of XRP for its price to rocket:
Although the petition is started, Ripple Labs itself does not plan to burn its tokens – it might have too serious outcomes.
Here is the golden section pattern that proves XRP might soar:
However, it’s simply an amateur approach: what works with fiats might not work with altcoins at all.
Better make mid- and short-term predictions based on traditional technicals, such as Fib levels:
XRP won’t grow overnight
The short-term XRP price predictions are positive:
Don’t rush to the conclusions
All in all, time will show whether Ripple is able of groundbreaking moves. Right now, there are no signs of Ripple going to the ceiling. As one Twitter user ironically noticed, Ripple will discuss how liquidity has changed before they know the numbers:
The XRP conspiracy theory
This post simply could not stay unnoticed:
What we are witnessing now is how Ripple Labs manipulates its XRP stocks and buys/sells XRP in large amounts to shift the value of the coin. Will their efforts turn out to be fruitful?
For some reason, XRP gets more attractive for other blockchains’ representatives:
Seems like they know something usual traders aren’t aware of. Does it mean Ripple is preparing for a major breakout? Everything is possible.
Meanwhile, Ripple’s bottom levels keep growing from year to year:
Ripple News Today – Whale Alert Announces the Transfer of 31 Million XRP Token to Bitstamp
- Is Ripple XRP Dumping again?
- Ripple XRP community reaction to Ripple dumping
- Ripple XRP price could commence a short term correction
- Ripple XRP Price testing the major support level
Ripple Latest Update – A recent tweet by Whale Alert reported the transfer of 31,300,000 XRP tokens to Bitstamp exchange from an anonymous wallet. This particular wallet has sold millions of XRP token in the past, which is received from a recognized Ripple wallet.
Ripple community reaction to Ripple dumping
Ripple News Update – regardless of the opposition from the XRPcomunity, it seems Ripple might be taking advantage of the new surge in XRP prices and continuing their sales of the international payment token. The member of the Ripple community has threatened a fork of the asset’s code base over Ripple dumping.
XRP price could commence a short term correction
XRP price prediction 2020 – XRP price failed to maintain its momentum above the $0.2740 support level and extended its decline against the U.S dollar. XRP News Now – XRP price is currently testing the major $0.2650 support level and it has the chance to correct higher. XRP Prediction 2020 – XRP price is down by 3% and it traded beneath the $0.2740 support level against the U.S dollar.
XRP Price testing the major support level
XRP Price Prediction – after XRP price failed to clear the $0.2850 resistance level, it commenced a new decline. XRP price traded beneath many support levels, including $0.2800, $0.2740 and the 100 hourly simple moving average. XRP News Now – during the price decline, there was a break beneath the major bullish trendline at $0.2765 and a bearish persistent pattern with support level close to $0.2720 on the hourly chart of the XRP/USD pair.
XRP Price Forecast 2020 – Ripple XRP Price Forecast 2020
XRP Prediction 2020 – On the upside, there are a few major resistance pending close to the $0.2710 level. the next major resistance on the upside is close to the $0.2740 level, which was the previous support level and the 100 hourly simple moving average. Moreover, the 50% Fib retracement level of the new decline from $0.2852 high to $0.2638 low is close to the $0.2745 to serve as resistance.
XRP News Now – On the downside, there is key support establishing close to the $0.2650 level. As long as XRP price is trading above $0.2650, there are possibilities of a short term correction. XRP News Now – Nonetheless, XRP bulls might struggle close to the $0.2740 level and the 100 hourly simple moving average.
XRP (XRP) Price Today – XRP / USD
XRP News Now – if XRP price fails to correct above the $0.2710 and $0.2740 resistance level, it could prolong its price decline. The major support level is close to the $0.2650 level. XRP Prediction 2020 – a positive close beneath the $0.2650 level might commence a strong slide in the near term.
Ripple (XRP/USD) forecast and analysis on February 25, 2020
Cryptocurrency Ripple (XRP/USD) is trading at 0.2743. 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 stripes.
Ripple (XRP/USD) forecast and analysis on February 25, 2020
As part of the Ripple course forecast, a test level of 0.2840 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 0.2420. The conservative sales area for Ripple is located near the upper border of the Bollinger Bands indicator strip at 0.2850.
Cancellation of the option to continue the depreciation of the Ripple will be a breakdown of the upper border of the Bollinger Bands indicator stripes. As well as the moving average with a period of 55 and closing of quotations of the pair above the area of 0.3050. This will indicate a change in the current trend in favor of the bullish for XRP/USD. In case of breakdown of the lower border of the Bollinger Bands indicator bands, we should expect an acceleration in the fall of cryptocurrency.
Ripple (XRP/USD) forecast and analysis on February 25, 2020 implies a test level of 0.2840. Further, it is expected to continue falling to the area below the level of 0.2420. The conservative sales area is located is near the area of 0.2850. The cancellation of the option of falling cryptocurrency will be a breakdown of the level of 0.3050. In this case, we should expect continued growth.
RIPPLE’S XRP SCORES TWO NEW CRYPTO EXCHANGE LISTINGS
- Can emerging economies give XRP the price push it needs?
- Remittance Use Case Grows
Two crypto exchanges serving international crypto markets announced the addition of XRP. Valr.com, a South African exchange, and Luno, a Singapore-based exchange that also serves 40 nations with over 3 million users.
CAN EMERGING ECONOMIES GIVE XRP THE PRICE PUSH IT NEEDS?
XRP will now be available to millions of new investors thanks to recent announcements from VALR.com and Luno.com, two exchanges that serve investors in emerging markets, that recently added the Ripple native asset.
VALR is a S. African exchange that allows traders to buy and sell a number of cryptocurrencies paired with the Rand, the national currency of S. Africa. VALR offers more than 50 cryptocurrency pairs, the largest selection of any S. African exchange.
VALR offers maker rewards for traders providing liquidity, and referral bonuses. They have partnered with Bittrex for secure custody.
Luno is a Singapore-based exchange that serves 40 countries. They have offices in London, Malaysia, Nigeria, the UK, S. Africa, and Indonesia.14 BTC & 30,000 Free Spins for every player, only in mBitcasino’s Crypto Love Affair! Play Now!
Luno also offers a variety of cryptocurrencies and trading pairs and characterizes themselves as the “most international” exchange. Luno lets traders withdraw in local currency directly to a bank account in a number of countries.
XRP prices may see a nice boost now that tokens are available to millions of traders and investors in quite a few emerging economies, thanks to these two additions.
VALR’s XRP trading goes live March 10th, Luno’s XRP trading will be announced soon.
REMITTANCE USE CASE GROWS
XRP’s recent partnership with Bitso, in Mexico, SBI, in Asia, and Moneygram shows that it is serious about its international payments use case, and expansion into remittance markets.
Adding XRP to exchanges in developing nations is a necessity in order for people to actually use Ripple for this purpose. At the end of the day, people will use whatever option allows them to get local currency in their hands the fastest/easiest/cheapest way available.
In order for XRP to be the way that a migrant sends Euros or Dollars back home to their family abroad, it needs to be a simple transaction to convert that crypto-asset into Pesos, Baht, or Rupees.
Exchanges like VALR and Luno which let people market sell the XRP they receive and withdraw local fiat will be the facilitators for the XRP remittance use-case to become a real phenomenon that competes with traditional remittance methods.