Ripple(XRP) Prices Hit Hard: Technical Price Analysis and Prediction 2018 | Ripple(XRP) News Today
Ripple(XRP), the third largest currency by market cap, is plummeting under the pressure of a strong bullish trend. It has fallen from $4.5 to less than a dollar. However, the company is adding to their client base and many big corporations are said to be on the list. Many investors are seeing this as a potential opportunity for Ripple(XRP) to achieve new highs in the market and become one of the best investment options.
Ripple(XRP) Price Today
Ripple(XRP) is currently trading at $0.45 against USD and has fallen by 0.38% over the past 24 hours. It is trading with a market cap of $17 billion and has a circulating supply of $39 billion. The key resistance level today was traced at $0.46 and is declining further. With the current market cap values, the room for improvement of the prices is quite high. It is also close to a supply and demand zone which could provide support and can also be a potential reversal spot.
Ripple vs Bitcoin(XRP/BTC)
Bitcoin(BTC) recovered from a multi-month low and reached $6,520 on June 30. While bitcoin(BTC) is battling to recover from its downward trendline, Ripple(XRP) has been gaining on the coin. Currently, one ripple(XRP) is equal to 0.00007237 BTC. Ripple(XRP) has gained on Bitcoin(BTC) by 0.59%.
Ripple(XRP) Prices over different time periods
Ripple(XRP) Prices: Last 7 days
A couple of days before Ripple(XRP) prices fell by 7 % marking a low of $0.42. It rose as high as $0.48, but again started dipping and reached around
$0.42. It is trying hard to recover from the bearish trend and currently striving to keep above $0.45. The significant area today is between $0.45-$0.46.
Ripple(XRP) Prices: Last 30 days
The month started at $0.62 and didn’t show much fluctuation for a week. The key resistance level was recorded at $0.69. The prices started to tumble and reached below $50 during the second week and continued to sink and reached below $0.45. The rest of the month showed no hopes, as the prices remained stagnant.
Ripple(XRP) Prices: Last 90 days
Price analysis for the past 90 days shows that Ripple’s(XRP)performance has been quite depressing. Ripple(XRP) is struggling to keep above $0.50. The resistance level for the past 90 days can be traced at $0.90. The coin is battling the bearish market and is clearly trying to reach above $0.50.
Since Ripple(XRP) has a long-term investment potential of 140.75% it is best to buy the cryptocurrency at the current lower rates as it can give good returns.
Ripple(XRP) Price prediction 2018,2020.
According to fxstreet as cited by Smartereum, Ripple(XRP) can touch 3-5 dollars by the end of the year. This is approximately a ten-time rise from the current levels. If it rises to $ 8-$10, the market cap of the coin will be around $20 billion. Ripple(XRP) can reach $200 to $300 in ten years.
The company is also among deliberations with several corporations for partnerships. It is rumored to be in discussion with J.P.Morgan and Chase for a partnership. These partnerships ascertain the growth of the company. Many investors believe that the prices can shoot up with more partnerships.
Ripple(XRP) News Today
- Ripple technology being used by the Bill and Melinda Gates Foundation to serve the unbanked. The Gates Foundation announced in 2017, that they will be utilizing the company’s technology in implementing its Level One Project.
- Ripple is said to meet with its banking industry members in Dubai next week to debate on the incorporation of RippleNet and xCurrent.
- Spanish based Banco Santander announced earlier this month that it is linking with Ripple to provide the first-ever mobile service concentrated on payments provided across borders. The service is available to the millions of customers throughout Europe.
Ripple(XRP) is one of the most prominent cryptocurrencies in the crypto market. The most notable feature of Ripple is the ‘Ripple ledger’. Ripple can settle transactions in 3.3 seconds or less.While Ethereum(ETH) takes anywhere from 2 minutes and above and Bitcoin(BTC) takes close to an hour. The technologies of Ripple(XRP) are known to be bank friendly, and more than a hundred financial institutions have adopted xCurrent system, according to the CEO of the company.
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