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Ripple has surged and fallen in recent weeks, but one thing is for certain: the cryptocurrency is here to stay. The platform, which is designed around the core concept of a distributed ledger, first appeared on the online radar in 2012 as a tool for facilitating cross-border payments. Since then, it has grown to become the third-largest cryptocurrency by market capitalization, trading at $1.16 at time of writing.
Faith in XRP, the cryptocurrency that runs on the Ripple distributed ledger, has been steadily growing in recent weeks, after the company made a string of high profile partnerships that have seen it move from being a popular altcoin to a widely recognized household name. Since the beginning of April, XRP has risen from a low of $0.15 to a high of $1.43, with $1.65 representing a key resistance level. XRP is a unique coin in that its value is linked to the performance of Ripple’s xCurrent, xRapid and xVia products, rather than being backed by any kind of physical asset, such as gold or silver, or being tied to a government currency. As a result
Summary of the situation
The next resistance is at $1.65.
The bracket is $1.50.
The next target price is $1.90.
Today’s price outlook for Ripple is bullish, as the market has been consolidating for a few days now after it failed to break through the $1.65 resistance level. With a good base from which to rise further, we expect Ripple to rise in the coming days.
Heatmap for crypto-currencies. Source: Coin360
The market is generally in the green today after strong rallies in the market over the past 12 hours. Ethereum is up nearly 8% and Bitcoin is up 3% as it slowly creeps back towards the $60,000 mark. Waves is the best performer right now, up 40% after breaking $35 today.
XRP/USD opened at $1.56 today after a small pullback yesterday from resistance at $1.65 to support at $1.5. With the price of Ripple consolidating in a sideways trend over the past few days, we expect a breakout to the upside in the next 24 hours as the bulls hope to continue their multi-day global rally.
Ripple price movement in the last 24 hours
The price of XRP/USD fluctuated in a range of $1.55 to $1.62, indicating moderate volatility. Trading volume fell 26.84% in 24 hours to $6.13 billion. The total market value is $72.4 billion, putting the cryptocurrency in 4th place overall.
XRP/USD 4-hour chart – XRP has built a base to break through $1.65 resistance
On the 4-hour chart, we can see that the XRP has been moving sideways in a narrow range below the $1.65 resistance level for the past few days.
Four-hour chart of XRP/USD. Source: TradingView
Sentiment in the Ripple market changed last week after a multi-week correction that saw the market price drop from an all-time high of $1.97 to a low of $0.90, resulting in a loss of more than 50%. Then the XRP/USD consolidated for a while until the 25th. April gave a quick spike down.
Over the next few days, the price of Ripple rose about 50%, retesting the resistance level from earlier around $1.50. Several more days of consolidation, with $1.30 as support, led to a sharp decline on the 30th. April to a push up, and this time $1.65 was reached.
Ripple is currently moving sideways, as it has in the past. Now that Ripple has spent more than two days in this consolidation, we expect an upside breakout in the next 24 hours if the overall bullish momentum continues on a weekly basis. Until then, Ripple should continue to support the $1.50 level.
With an upside breakout, the next target is at $1.90. If Ripple reaches this target from its current price of about $1.59, it would represent a potential gain of about 20% in a matter of hours. Therefore, we are bullish on the XRP/USD over the next 24 hours.
Otherwise, if the price of Ripple drops below $1.50, we could see a much longer multi-day pullback in the coming days. However, as long as the XRP/USD does not drop below the previous local low of $1.30, the market structure remains bullish.
Ripple Price Forecast: Supplement
The price outlook for Ripple is bullish, as the market has been consolidating below the $1.65 resistance level for several days. Therefore, the bulls will continue to push XRP/USD higher in the coming days, and the next upside target is $1.90.
In anticipation of a further rise in the price of Ripple, read our guides on bitcoin wallets and taps, as well as what bitcoin ETFs are.
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While most of you are still sleeping, the cryptocurrency community has been furiously refreshing coinmarketcap.com to see if Ripple’s XRP price has reached the magical $1.00 mark. (It’s been hovering in the $0.90 range for a couple of weeks now.) Not only is Bitcoin’s price struggling to hold steady, but Ethereum’s value is also looking shaky. It’s exciting to watch other cryptocurrencies explode in value, but it’s worth taking a closer look at what’s happening with Ripple. The cryptocurrency world is abuzz about ripple, a protocol that uses blockchain in an interesting way. Ripple has been criticized for being a centralized system, where validators are handpicked by the company and are required to pay a minimum of $10,000 to be a validator. Ripple advocates argue that the system’s centralized nature is key to it’s success, and that a truly decentralized system would be extremely vulnerable to attacks. Ripple’s value soared in 2017, and early in 2018 rumors began to spread that ripple was about to become a “member” of the “world bank”, which would be a huge boon for the currency.
Will ripple prices increase?
Ripple has a market capitalization of $18.4 billion. It is currently ranked 3rd among all cryptocurrencies. Is Ripple a good investment? Ripple is a bit different from Bitcoin. It is a centralized cryptocurrency. It is a payment network. It is a real-time gross settlement system. It is a currency exchange and remittance network. It is a distributed open-source Internet protocol. Ripple is the brand name for a cryptocurrency, like bitcoin. It differs from bitcoin in that it’s a centralized currency, whereas bitcoin is a decentralized currency that is not owned by any one company. Ripple was developed in 2012 by the founder of a new company, OpenCoin, with a goal of facilitating secure, instant and nearly free global financial transactions As we all know, Bitcoin is the most popular cryptocurrency of all. It has a market capitalization of more than $250 billion and is accepted as a form of payment by the majority of online retailers. However, this situation is likely to change in the near future, as the market is already showing signs of saturation, which will inevitably lead to a decrease in sales. This is where ripple comes in. While the pseudonymous Satoshi Nakamoto might be the father of Bitcoin, the ripple token was actually created by Chris Larsen and Jed McCaleb. Both of them are still heavily involved in the development of the platform.
What will ripple be worth in 2025?
Ripple price prediction 2025: no one can confidently predict what will ripple be worth in 2025. The future price of ripple is speculative. No one can predict with certainty if ripple’s price will rise or fall. All we can do is use various tools to try and predict the price of ripple. Blog Post: What will ripple be worth in 2025? No one can confidently predict what will ripple be worth in 2025. The future price of ripple is speculative. No one can predict with certainty if ripple’s price will rise or fall. All we can do is use various tools to try and predict the price of ripple. Ripple has proven its potential as a digital asset and payment network. Now, as the countdown to 2025 begins, XRP investors and enthusiasts alike are wondering what the cryptocurrency’s value will look like in five years. Here are a few different predictions for what could happen to Ripple’s value in the years ahead. “Ripple will be worth $4.50 per coin in 2024, but I wouldn’t be surprised to see it climb to $5.50 or even $6 by 2025. While Ripple Labs will always be an important part of the technology, their partnerships will help keep the XRP price stable and allow for greater adoption of the cryptocurrency.” “Ripple is one of the best cryptos to invest in for the long term.