Ripple has shown a remarkable movement in the price in the first two quarters, but the drop in the third quarter has brought a disappointment. The coin is currently at a loss of 32% from the beginning of the year till now. However, there is still some hope of improvement in the coin.
XRP to USD Price Comparison
Starting from January, the coin embarked a downtrend. The price shifted from $0.38049 to $0.31399 by 17.48%. In February, Ripple price shifted from $0.31399 to $0.3223 by 2.67%. In March, XRP coin moved up from $0.3223 to $0.33022 by 2.44%. Later, in April, the coin fell from $0.33022 to $0.31713 by 3.81%. Further, in May, XRP price escalated from $0.31713 to $0.43286 by 36.66%. In June, Ripple fell from $0.43286 to $0.40877 by 5.56%. In July, the downfall continued, and the price counters changed from $0.40877 to $0.31713 by 22.42%. In August, the XRP coin price dropped from $0.31713 to $0.25901 by 18.33%.
Ripple Price Prediction
XRP has opened with a red mark today. The fall in the price is showing no indications of improvement. The traders will have to wait for some time to see an upsurge. We are suspecting a heavy change in the price is about to embark in coming time.
If we compare the opening price of Ripple from January, which was at $0.38 and with that of now, then the loss marked is of almost 32%.
Ripple has a high prospect of improvement and gives a good result in the future. We are anticipating that the long-term trading would be best.
Ripple’s Community Shows Interest in Forking XRP Into “RippleOne”
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.
Ripple’s XRP technical analysis: XRP/USD bulls are lifeless with a position to capitalize to the north
- 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%
|Today last price||0.2611|
|Today Daily Change||0.0004|
|Today Daily Change %||0.15|
|Today daily open||0.2607|
|Previous Daily High||0.2647|
|Previous Daily Low||0.2592|
|Previous Weekly High||0.2665|
|Previous Weekly Low||0.2511|
|Previous Monthly High||0.3308|
|Previous Monthly Low||0.2392|
|Daily Fibonacci 38.2%||0.2613|
|Daily Fibonacci 61.8%||0.2626|
|Daily Pivot Point S1||0.2584|
|Daily Pivot Point S2||0.256|
|Daily Pivot Point S3||0.2529|
|Daily Pivot Point R1||0.2639|
|Daily Pivot Point R2||0.267|
|Daily Pivot Point R3||0.2694|
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.
Ripple (XRP/USD) forecast and analysis on September 16, 2019
Cryptocurrency Ripple (XRP/USD) is trading at 0.2627. Cryptocurrency quotes are trading above the moving average with a period of 55. This indicates a bullish trend on Ripple. At the moment, cryptocurrency quotes are moving near the upper border of the Bollinger Bands indicator stripes.
Ripple (XRP/USD) forecast and analysis on September 16, 2019
As part of the Ripple course forecast, a test level of 0.2600 is expected. Where should we expect an attempt to continue the growth of XRP/USD and the further development of the upward trend. The purpose of this movement is the area near the level of 0.2740. The conservative buying area for Ripple is located near the lower border of the Bollinger Bands indicator strip at 0.2480.
Cancellation of the option to continue the growth of the Ripple rate will be a breakdown of the lower border of the Bollinger Bands indicator stripes. As well as the moving average with a period of 55 and the closing of quotations of the pair below the 0.2460 area. This will indicate a change in the current trend in favor of a bearish for XRP/USD. In case of breakdown of the upper border of the Bollinger Bands indicator bands, we should expect an acceleration in the fall of cryptocurrency.
Ripple (XRP/USD) forecast and analysis on September 16, 2019 implies a test level of 0.2600. Further, growth is expected to continue to the area above the level of 0.2740. The conservative area for buying Ripple is located area of 0.2480. The cancellation of the option of cryptocurrency growth will be a breakdown of the level of 0.2460. In this case, we should expect the continuation of the fall.