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Ripple’s XRP technical analysis and price prediction 2018, 2020
A steep rise in Ripple's XRP prices were noted yesterday at 0030 UTC. XRP's market cap which was placed at $15.91 billion increased by a whopping 18.64% in a matter of 6 hours and stood at $18.88 billion following the rise. The cryptocurrency which was overbought during the bull run yesterday reached $49 but failed to touch $50.XRP/USD
The prices look like its gathering momentum to climb higher. The prices are currently in a consolidation phase. The RSI indicator suggests healthy buying of XRP coins in the market. The current resistance level for the coin is noted at $0.50. The 100 EMA line trading at $0.44 is exhibiting an uptrend. The MACD represents a bullish momentum for prices. The coin is currently trading at $0.46 and is rising against USD by 1.52% with a market cap of $18.19 billion.
XRP/BTC
The digital currency is rising against Bitcoin by 3.87%. Currently, one XRP is equivalent to 0.00006914 BTC.Ripple's XRP Price Prediction 2018, 2020
- The Economic Forecast Agency has predicted that the altcoin will likely be devalued in the near future and by the end of this year, it could drop to as low as $0.32.
- Ripple Coin News expects new partnerships and emerging technologies to aid the crypto in rising to $8-$10.
- According to Coin Switch, the year 2020 will end with the virtual currency trading within a range of $1.40-$1.50.
- Tom Lee, head of research at Fundstrat Global Advisors predicted that Bitcoin will reach $25,000 and hence Ripple will be propelled to $10 by the close of the year and to $24 by 2022.
Ripple’s XRP Latest Updates
- Moneynetint, a UK-based e-payments company, has announced the completion of its integration phase with Ripple. The firm will now be a part of RippleNet, Ripple's global payments network featuring over 100 banks.
- Ripple was highlighted in a WTO report which studied the implementation of blockchain technology into the world’s financial system.
- Chris Larsen, the CEO of Ripple Labs, has been named on a list of Forbes wealthiest Americans. The Ripple CEO is the only person to feature from the cryptocurrency field.
- Arrington XRP Capital, an XRP-based crypto hedge fund set up by TechCrunch founder Michael Arrington, will invest in Asia due to the numerous subpoenas received from the U.S. Securities and Exchanges Commission (SEC). Arrington said he would shift investment strategy from the U.S. to Asia due to the SEC’s position on token rules, which is confusing the hedge fund.
