XRP/BTC Analysis: XRP bulls in The Accumulation Phase, XRP/BTC Price Rises By 5% in One Hour

XRP bulls accumulation phase is charging upwards as XRP/BTC price rises 5% in one hour

XRP/BTC price spikes by 5% in the past hour pushing the MACD line above signal line.
Investors accumulating XRP bags in the past three months, data shows.

As the market consolidates, (XRP) is rallying up against Bitcoin (BTC) seeing the XRP/BTC price touching 3777 Satoshis in the past hour of trading.
The price of XRP/BTC pair boosted past the 3580 sats resistance level signaling an upcoming bullish run on the token.
XRP/BTC pair rips though resistance; trading above 3700 sats
The current cryptocurrency market is in shambles as the price of BTC against the dollar drops to a two week low at $7,989 USD, as it enters a bearish trend. On different fortunes, XRP is the best performer in the last fortnight amongst the top 10 major cryptocurrencies, recording a 10% increase in price during the period. The third-largest cryptocurrency is trading at $0.29 USD, as at time of writing, ripping through its resistance barrier.

XRP/BTC Analysis | Chart source: TradingView
Looking at the one hour candle charts on the XRP/BTC pair, XRP is trading way above its resistance level following a 5% hike in price in the past hour. The digital asset’s price against BTC broke through the ascending triangle resistance barrier as bulls pushed the price to 3777 sats in the past hour, representing the mammoth increase during the period.
The MACD indicator line crossed above the signal line for the pair showing signs of an upcoming bullish trend on XRP’s price.
However, the relative strength index conflicts with the indicator as it oscillates above the band line, showing exhaustion of bulls to hold on to their positions and a possible bearish reversal in price in the short term.
XRP accumulation on the rise
The recent hike in XRP’s price is closely related to the increase in accumulation of the XRP tokens by the holders. According to Wietse Wind, XRP Developer’s website, ledger.exposed, each level of XRP ownership experienced a significant increase in the accumulation of the tokens. To make it to the top 0.01% of the list (currently with nine accounts) you need to own at least 15.3 million XRP tokens, up from 14.6 million tokens in July.

 Source: Ledger.exposed

This shows the market may be entering an accumulation phase before a major breakout at the latter stages of the year. One Ripple investor and technical analyst, Crypto Rand, tweeted praising XRP’s magnificent rise,

The post XRP/BTC Analysis: XRP bulls in The Accumulation Phase, XRP/BTC Price Rises By 5% in One Hour appeared first on Coingape.
Source: CoinGape

XRP Price Analysis: XRP/USD is Consolidating at $0.39 Level, Awaiting a Breakout

Coinspeaker
XRP Price Analysis: XRP/USD is Consolidating at $0.39 Level, Awaiting a Breakout
When the demand level of $0.39 holds XRP price, it will bounce and move towards the previous high. Further increase in the Bears pressure may place the price at $0.35 in case the $0.39 level does not hold.
XRP Price Analysis: XRP/USD is Consolidating at $0.39 Level, Awaiting a Breakout

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Source: CoinSpeaker

XRP Price Analysis: XRP/USD May Break Out at $0.50 Level

Coinspeaker
XRP Price Analysis: XRP/USD May Break Out at $0.50 Level
Further increase in the XRP price is highly envisaged should the Bulls gain more pressure and break up the $0.50 level. In case the supply level of $0.50 hold XRP price may continue the sideways movement.
XRP Price Analysis: XRP/USD May Break Out at $0.50 Level

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Source: CoinSpeaker

XRP Price Analysis: XRP/USD Reached $0.42, Potential Reversal Level

Coinspeaker
XRP Price Analysis: XRP/USD Reached $0.42, Potential Reversal Level
Should the Bulls defend the demand level of $0.42, they may resume and continue the bullish trend. In case the level does not hold and the Bears’ strength is able to break down the level, then, XRP price may reach $0.39 level.
XRP Price Analysis: XRP/USD Reached $0.42, Potential Reversal Level

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Source: CoinSpeaker

XRP Price Analysis: XRP/USD May Experience a Bullish Breakout Towards $0.42

Coinspeaker
XRP Price Analysis: XRP/USD May Experience a Bullish Breakout Towards $0.42
XRP is already exposed to $0.42 level; further increase in the Bulls’ momentum may push XRP price to reach the target of $0.46. If the Bears manage to break down the demand level of $0.39, XRP price may descend to the previous low of $0.35.
XRP Price Analysis: XRP/USD May Experience a Bullish Breakout Towards $0.42

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Source: CoinSpeaker

XRP Price Analysis: XRP/USD Сonsolidates at $0.42, Awaiting a Movement Towards $0.39

Coinspeaker
XRP Price Analysis: XRP/USD Сonsolidates at $0.42, Awaiting a Movement Towards $0.39
The Bulls will have to gain more pressure in order to push XRP price to reach $0.46 supply level. Should the Bears exert more pressure and defend $0.42 level, the price may decline towards the demand level of $0.39.
XRP Price Analysis: XRP/USD Сonsolidates at $0.42, Awaiting a Movement Towards $0.39

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Source: CoinSpeaker

XRP Price Analysis: XRP/USD May Reverse at $0.39 and Move Towards $0.42-$0.46

Coinspeaker
XRP Price Analysis: XRP/USD May Reverse at $0.39 and Move Towards $0.42-$0.46
After the short pullback, XRP price may continue the bearish trend, $0.39 demand level may be broken and the pair may target $0.35 demand level. In case the demand level of $0.39 hold, the price may reverse and rally to the north side.
XRP Price Analysis: XRP/USD May Reverse at $0.39 and Move Towards $0.42-$0.46

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Source: CoinSpeaker

Ripple [XRP] Price Analysis: Was This Retracement Necessary? Flag Pattern Breakout Looms

XRP initially found support at $0.38 following the correction during from the mid-May surge.
The formation of a short-term bullish flag pattern hints a breakout in the near-term.

After reacting to a double-top pattern, XRP/USD corrected lower as expected. The formation of this pattern usually hints a reversal when it occurs in the middle of an up trending market that is losing momentum. XRP initially found support at $0.38 following the correction during from the mid-May surge.
XRP/USD 4-hour chart
Chart source: Tradingview
Both the 100 exponential moving average (EMA) and the 200 EMA 4-hour have been supporting the price in the last three weeks. If the price continues to stay above the EMAs, there is a high chance that XRP will reverse the trend higher towards the critical $0.50. The last week of May saw the price correct towards the same level but the formation of the double-top pattern has resulted in a slide that has found support at $0.4000.
Meanwhile, the formation of a short-term bullish flag pattern hints a breakout in the near-term. This will, however, require that the price corrects above $0.4600 resistance (seller congestion zone), in turn, encouraging more buying entries. The increasing buying influence could send the price above $0.50 and pave the way for a further correction towards $0.60.
Looking at the chart, the MCAD continues to sit in the positive. The slight divergence means that the bears are likely to continue gaining traction. A break below the above-mentioned bullish flag pattern could result in further breakdown towards $0.4000.
As far as support is concerned, XRP/USD initial support is observed at $0.4200, the EMA200, $0.4000 and EMA100.
Ripple Key Technical Indicators
Bull Flag pattern: Impending breakout could touch $0.50 critical level.
EMA100 4-hour: $0.3869
EMA 200 4-hour: $0.4122
MACD 4-hour: +0.0052
The post Ripple [XRP] Price Analysis: Was This Retracement Necessary? Flag Pattern Breakout Looms appeared first on Coingape.
Source: CoinGape

XRP Price Analysis: XRP/USD Approaches Potential Reversal Level of $0.39

Coinspeaker
XRP Price Analysis: XRP/USD Approaches Potential Reversal Level of $0.39
XRP price may decrease further as long as the Bears maintain or increase their pressure, and reach a previous low of $0.35. In case the Bulls further defend $0.39 demand level, XRP price may bounce and rally towards $0.46 level.
XRP Price Analysis: XRP/USD Approaches Potential Reversal Level of $0.39

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Source: CoinSpeaker

XRP Price Analysis: XRP/USD Price May Break Down $0.42 Level, Targets $0.39

Coinspeaker
XRP Price Analysis: XRP/USD Price May Break Down $0.42 Level, Targets $0.39
Should the Bears maintain their pressure or increase their momentum, further decrease in XRP price is certain and this may reach $0.39 demand level in case $0.42 level does not hold. Should the $0.42 level hold; the price may resume uptrend movement.
XRP Price Analysis: XRP/USD Price May Break Down $0.42 Level, Targets $0.39

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Source: CoinSpeaker

XRP Price Analysis: XRP/USD May Continue Its Bearish Trend After the Pullback

Coinspeaker
XRP Price Analysis: XRP/USD May Continue Its Bearish Trend After the Pullback
Strong pressure from the Bears will break down the $0.39 level and XRP price will target $0.35. Should the Bulls defend the $0.39 demand level and their momentum increase, the price may rally towards $0.42.
XRP Price Analysis: XRP/USD May Continue Its Bearish Trend After the Pullback

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Source: CoinSpeaker

XRP Price Analysis: XRP/USD Price is Approaching a Potential Bounce Zone at $0.35

Coinspeaker
XRP Price Analysis: XRP/USD Price is Approaching a Potential Bounce Zone at $0.35
Increase in the Bears’ pressure will definitely decrease XRP price which may break the $0.35 level and target $0.32 level. In case, $0.35 level holds, the price may bounce and the trend may change to bullish.
XRP Price Analysis: XRP/USD Price is Approaching a Potential Bounce Zone at $0.35

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Source: CoinSpeaker

Ripple XRP Price Prediction: Projected Analysis of 2019 & 2020

Ripple has the potential to hit $1.0 by the end of 2019 and increase towards its all-time high by the end of 2020.
Ripple’s XRP demand in the future will mainly come from banks as adoption increases.

Ripple has over a short time become a global sensation in international funds transfers. The San Francisco-based blockchain startup is now for developing cutting edge payment systems connecting banking institutions globally. Ripple already has more than 200 partners under its RippleNet network. In addition to that, Ripple launched xRapid payment system that helps banks have access to liquidity while making expansion to new markets much easier. This and much more will be covered in this article as we attempt to dissect Ripple’s past performance and predict the future of the project.
Contents

Ripple Overview 2018
Ripple XRP Price Prediction 2019 and 2020
Experts’ prediction for Ripple’s XRP for 2019 and 2020
Project Outlook
Ripple XRP Technical Analysis
Ripple XRP Future and Growth
Buying XRP with Credit Cards
Ripple XRP Price FAQs

Ripple Overview 2018
2018 was the year of innovation and expansion for Ripple. January started with the announcement that IDT corporation and MercuryFX were joining hands with both MoneyGram and Cuallix in piloting xRapid. Shortly after that, SBI Holdings; a Japan-based financial group said that its soon to launch cryptocurrency exchange will support XRP only at the time of launch. Lianlian International joined RippleNet in February to leverage xCurrent for cross-border transactions. In March, Ripple said that Japan Bank Consortium (JBC) was going to release a mobile application ‘MoneyTap’ supported by Ripple’s blockchain. April was the month where many other banks joined RippleNet including Standard Chartered buying a stake in Ripple.
The rest of the months until October were spent signing more banks to join RippleNet until the groundbreaking launch of xRapid in October. The platform launched with MercuryFX, Cuallix and Catalyst Corporate Federal Credit Union is the very first clients. Another customer CIMB group joined on November 14.
In terms of XRP price performance, the digital asset opened the year (2018) trading around $2.24 and surged to its all-time high around $3.81 before being caught up in the bear pressure that lasted all year long. Ripple lost about 84% of its value in 2018 to close the year on December 31 at $0.36.

Ripple XRP Price Prediction for 2019 and 2020
Looking at Ripple’s daily chart, we see an asset that has stagnated since the beginning of 2019. In spite of the upward correction in the market, Ripple has not been able to recover from the fall that ensued following the rise during the Christmas of 2018. XRP/USD had touched $0.48 but failed to sustain further upwards movement leading to declines that entered into January 2019 but found support just above $0.2800. Generally, the crypto market has been on an upward momentum, however, Ripple has not managed to catapult itself above $0.4 instead, the price is staying in a wide range between $0.4 and $0.2800.
XRP has the potential to hit $1.0 by the end of 2019 and increase towards its all-time high by the end of 2020; a year that has been said by many to be a magical year for cryptocurrencies. Continued development for the financial sector coupled with increased institutional adoption is bound to positively impact XRP value in the long run.

Experts’ prediction for Ripple’s XRP for 2019 and 2020

CoinSwitch

According to the prediction by CoinSwitch, Ripple’s blockchain banking systems like RippleNet and xRapid have experienced a lot of growth in 2019 compared to 2018. The systems are expected to expand to more regions by onboarding more banks and payment providers around the world. According to CoinSwitch:
“Ripple recently announced plans over convergence into one stack. It is expected for a series of events to get implemented in 2019 like institutional money flowing to XRP token, it’s continued and steady growth to reach its unique network effect. These all can undoubtedly make Ripple stand out in a crowd of digital currencies. If these advancements take place, then XRP might reach $1.20 by the end of 2019, to be conservative. At most, it might even reach $2.”

UsLifted

Price predictions apply most to the long-term investor who needs to have a clear forecast for the next year to five years. UsLifted expects Ripple go into a lot more ventures, as a result, XRP will gain in value.
“In short I expect the figures to get 2.5x of 2018. Meaning in 2019, XRP token will be $8.025 and the market capital will be at $31.08 billion US Dollars,” UsLifted analyst writes.
The Analyst continues with Ripple XRP price prediction for 2020:
“I expect 2020 a magical year where the crypto market will reach to its all-time high. You believe it or not but I strongly believe that by the end of 2020 XRP will reach to around $22.79 with the supply tokens 38,739,145,924. Hence Ripple will have a lifetime high market capital of $88.28 billion dollars.”
Most experts are bullish on XRP and all are banking on Ripple’s prospects and plans for the future as well as the adoption of its blockchain systems. Tremendous growth is expected in 2019 and 2020. Similarly, XRP predictions go as far as 5 years from now. GetEx reckons that:
“Some experts have pointed to a projected value of $4.52 in 2023. They suggest this growth based on recently-divulged partnership plans with a number of European and Latin American banks and payment systems. That integration would boost development of the underlying XRP and Ripple technology, (and naturally the price of the asset).”
You Might Also Like: Trader Makes a Wild XRP Price Prediction, $1,000 Per XRP
XRP Price Analysis – XRP/USD 4-hour chart
xrp price prediction: 4 hours chart (XRP/USD) Chart Source: Tradingview
Ripple XRP Technical Indicators
RSI 4-hour: -24.95
100 SMA 4-hour: $0.31196
200 SMA 4-hour: $0.3243
Key support levels: $0.2800, $0.2600 and $0.2000
Key resistance levels: $0.3200, $0.3500 and $0.4000.

Project Outlook
According to Ripple’s website, the native token XRP provides banks and other payment providers with a robust reliable on-demand means to access liquidity for the much needed cross-border money transfers. Ripple use cases range from offering banks with liquidity in real-time without fail as mentioned, as well as payment providers who desire to enter new markets while lowering foreign exchange while at the same time speeding up transactions.
In comparison to other cryptocurrency projects, Ripple settles transactions in just 4 seconds while Ethereum does that in over 2 minutes and Bitcoin takes more than 60 minutes. Traditional banking systems lag behind by a large margin, 3-5 days. On the other hand, Ripple transactions per second (TPS) stand at 1,500 but has the capacity to achieve levels of Visa.

Ripple XRP Technical Analysis
Technically, Ripple has a bearish bias in both the short-term and the long-term. The third largest crypto asset has been trimming gains from the highs formed in April. In fact, the declines are maintaining a downtrend within a descending channel. The declines towards the end of April tested the levels below $0.2800 support before revamping the trend upwards within a narrow ascending channel. There was a slight break above the 100 SMA but the momentum lost steam at the 50 SMA. The resistance at this level has opened a Pandora box and XRP/USD is currently bleeding below $0.3000 short-term support.
Source: Shutterstock
As far as other technical indicators are concerned XRP/USD is primed for losses in the near-term. However, a recovery past $0.33 and $0.35 levels is needed for a correction towards $0.4 and $0.5 critical levels. The RSI 4-hour is deep in the oversold to show the increasing strength of the bearish momentum. Any correction below $0.2800 could be the beginning of a devastating drop towards $0.26 support and $0.2.

Ripple Future and Growth
Ripple is often regarded as the future of cryptocurrencies in terms of technology infrastructure as well as mainstream adoption. Armed with its flagship products: RippleNet and xRapid the network is set to be the bridge between cryptocurrencies and the traditional banking system. More importantly, Ripple believes that it will soon overtake SWIFT to become the preferred cross-border money transfer platform. SWIFT has its own share of struggles that are dealing with including long processing time and unreliability.
On the other hand, Ripple as mentioned above already has signed partnerships with more than 200 banking institutions. Besides, this number is expected to grow with the current expansion to the Middle East and the Asian regions. Ripple’s XRP demand in the future will mainly come from banks as adoption increases supported by the need to send money across the border faster, reliably and a low cost.
Interesting: CMU Partners With Leading Payments Company Ripple To Accelerate Innovation in Blockchain & Cryptocurrency

Buying XRP with Credit/Debit Card
Access to cryptocurrencies has improved significantly in the past few years. Initially, users were required to buy either Bitcoin or Ethereum before exchanging the coins for XRP on an exchange platform. While the situation has improved greatly, most users still find it difficult to buy XRP directly using credit/debit cards because only limited platforms permit this type of direct purchase

Changelly

Changelly is an incredible crypto exchange website that has been developed to serve the digital asset class. The platform incepted in 2013 now supports the purchase of XRP using either credit or debit cards. It is one of the most secure websites to buy XRP and other supported cryptocurrencies while the process is not complicated.

Coinmama

This is another secure website you can safely buy XRP using the credit card. Coinmama also supports other payment methods including SWIFT and SEPA. The platform allows the purchase of XRP using both USD and EUR. It is currently available in 198 countries and is proud of its 24/7 customer service support. Once the account has been created and verified, a user is allowed to place the order for XRP.

Bitit

This website offers one the fastest ways to buy XRP using a credit card. Supported currencies include USD, EUR, GBP and other local currencies. The process is simple as creating a user account, getting verified and lastly placing the order.
Currently, there are hundreds of websites and exchanges that allow the purchase if XRP using credit and debit cards. The above are just but a few of them. It is important to research and chose a platform that works best for your preferences.

Ripple XRP Price FAQs

What is the current price of Ripple (XRP)?

XRP is currently trading at $0.2982 on Binance.

What is going to be Ripple (XRP) price tomorrow?

As far as technical levels concerned, Ripple will trade between $0.2900 and $0.3200.

Is Ripple a great asset for investment?

If the above predictions are anything to go by, Ripple indeed is a good asset to invest in especially for the long-term holder.

What will be the value of Ripple (XRP) in the next five years?

Ripple is predicted to trade at $4.52 in the next five years.

Is Ripple inclined to fall or rise in the next five years?

Ripple is the future of cryptocurrencies and the banking sector. Therefore, it has immense potential. Adoption and will result in an increase in value and the demand of XRP.

What will be XRP price in $2020?

Ripple will exchange hands around $3.53 by end of 2020.

Ripple Overview 2018X1Ripple XRP Price Prediction 2019 and 2020X2Experts’ prediction for Ripple’s XRP for 2019 and 2020X3Project OutlookX4Ripple XRP Technical AnalysisX5Ripple XRP Future and GrowthX6Buying XRP with Credit CardsX7Ripple XRP Price FAQsX8
The post Ripple XRP Price Prediction: Projected Analysis of 2019 & 2020 appeared first on Coingape.
Source: CoinGape

XRP Price Analysis: XRP/USD May Bounce at $0.30 and Rally Towards $0.33

Coinspeaker
XRP Price Analysis: XRP/USD May Bounce at $0.30 and Rally Towards $0.33
In case the Bulls defend the demand level of $0.30, XRP price may rise towards the previous high or touch the upper drawn trend line. Increase in the pressure of the Bears may break down the $0.30 level and expose $0.28 level.
XRP Price Analysis: XRP/USD May Bounce at $0.30 and Rally Towards $0.33

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Source: CoinSpeaker

Ripple [XRP] Price Prediction: Focus Stays on $0.4000 by the End of May

XRP/USD is trading higher highs and higher lows within an ascending channel.
XRP/USD has retreated to $0.3233 but bullish momentum is building towards the initial resistance at $0.3250.

Ripple spiked alongside other major digital assets like Bitcoin, Ethereum and Bitcoin Cash. The second largest altcoin beat the odds to trade above key resistance levels and for the first time in May trade above $0.3200. In fact, looking at the hourly chart, we see the price trading higher highs and higher lows within an ascending channel.
XRP/USD 1-hour chart
XEP Price prediction chart source: Tradingview
The losses in the last week of April found solace at $0.28257 (on Coinbase). An upward movement from this support could not make headway past the confluence of the 61.8% Fib retracement level with the last drop from $0.32731 to a low of $0.2825 and the 200 Simple Moving Average (SMA) 1-hour. However, all the dips from the resistance zone were protected at the 38.2% Fibonacci level. In addition to the Fib level support, the ascending trendline of the rising channel functioned as a barrier to declines and a rebound wall to the declines.
A resurgence of the bullish pressure on April 29 and April 30 saw the price correct above the 200 SMA and test levels above $0.3250 before correcting lower. Unlike many assets on the market, Ripple kicked off the month of May in declines testing support at $0.3150 before resuming the uptrend in a flash rise on Friday 3 where it formed a high around $0.32668.
Also Read: Bitcoin’s Trading Volume Surges Over $1Billion, Price Hits All-Time High of 2019
Looking at the chart, XRP/USD has retreated to $0.3233 but bullish momentum is building towards the initial resistance at $0.3250. Notably, technical analysis shows the bulls being in charge although we cannot ignore the present bear pressure. A trendline connecting the dips of the Relative Strength Index (RSI) shows that the bullish trend is getting stronger. Besides, the indicator is at 62.63 while still moving north. If the buyers manage to take the price above $0.3300 in the short-term, they will bring $0.4000 in sight, in turn, increasing confidence in the uptrend.
Ripple Key Technical Indicators
200 SMA 1-hour: Making confluence with the 61.8% Fib level at $0.3100.
RSI 1-hour: Trending upwards at 62.63 (shows growing bullish strength).
Trend: Bullish short-term and Bullish long-term.
Support levels: $0.3200, $0.3150, $0.3100, $0.3000 and $0.28257.
Resistance: $0.32689, $0.32731, $0.3300, $0.3500 and $0.4000.
The post Ripple [XRP] Price Prediction: Focus Stays on $0.4000 by the End of May appeared first on Coingape.
Source: CoinGape