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Ripple Analysts Think XRP Is Heading To $0.55

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The price of XRP has been stagnant. Still, the coming altcoin news show that a lot of Ripple analysts are optimistic about it – and expect it to rise to $0.55 after its recent highs to $0.50 and its year-to-date lows of below $0.30 occurring throughout the past year.

Even though these gains are nothing to be frowned upon, they are definitely small compared to the 300% gains that Bitcoin as well as other cryptocurrencies have incurred from their 2019 lows. XRP may soon surge higher, the Ripple analysts think, potentially catching up to other cryptocurrencies as well.

Right now, Ripple is trading down nearly 2% and its current price is $0.475, down from its recent highs of $0.50. Over a span of one week, XRP is trading up from lows of $0.42 to new highs of $0.48 and more. For those of you who did not follow our altcoin news, the lows of $0.42 were also price at which the cryptocurrency was trapped at for an extended period of time while the rest of the market was surging higher.

At the time of writing, Ripple (XRP) is at $0.482 with a 2.32% rise and a market cap of 20.52% billion. The 24 hour volume of Ripple is $2.1 billion which is a good factor for many Ripple analysts and traders.

One of the popular cryptocurrency analysts on Twitter is The Cryptomist. He recently noted that XRP will likely require a little more time before it stabilizes and incurs enough selling pressure to lift off further and climb higher.

“$XRP: The 48 cents from yesterday’s post holding as strong resistance thus far. We did wick up to 50 cents but fell back to resistance. We may find a bit of ground before take-off, just be patient,” she said in a tweet.

Many best cryptocurrency news sites showed that a break above $0.50 could lead XRP in the near term. Harry, which is another one of the ripple analysts focusing on XRP, said that the next target for the altcoin is at $0.55.

“$XRP traders target is now $0.55c – should have been buying the dips as we moved into accumulation advance, lets go x,” he tweeted.

Assuming that all of these assessments are accurate, we could be seeing Ripple in the latest cryptocurrency news with a new target set at $0.55 or above.

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Ripple News

Is XRP Price Ready To Visit Higher Grounds This December?

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The Ripple XRP news today show that the native token of the cryptocurrency project, XRP, is showing mixed signals every day. From the latest updates, analysts are wondering and asking themselves "is XRP price ready to blossom" in the coming days and weeks.At the end of 2019, everyone is wondering if there is a chance to witness a new uptick in the crypto prices. A top analyst recently noted that the popular altcoin XRP is on the verge of seeing a bout of strong volatility and that the war between bulls and bears is heating up on both sides, creating a tighter price action on all fronts.So, is XRP price ready to jump and break out from its comfort zone?Earlier this week, we saw that the Bitcoin Bollinger Bands are starting to consolidate. Even in the $7,000 range, BTC looks stable and may visit $8,000 soon - which is something that is expected in the other altcoin news too.According to Big Cheds, the tightness of the Bollinger Bands is especially pronounced for XRP and these statistics show that Ripple has not been this tight since March, implying that volatility is well on its way.https://twitter.com/BigCheds/status/1205653526711590912So, is XRP price going up soon - and does anyone know the direction that is expected for this altcoin?Right now, it seems like the price outlook is positive. The popular cryptocurrency analyst CryptoWolf observed the technicals around the altcoin and saw how it is potentially forming an "ascending triangle bottom" which is marked by a series of higher highs, a horizontal upper resistance as well as tightening price action implying a breakout to the upside.The assertion right now is that XRP is forming an ascending triangle. Analysts agree with this and say that the cryptocurrency is forming a positive price pattern on the medium term chart. They all note that a break about the upper boundary is possible. According to Senor Satoshi, this will result in a 13% surge which will push prices back to where they were before the most recent drop.https://twitter.com/SatoshiLatino/status/1205266302178336768All in all, the news today show that big is the XRP price potential in the coming days and months. At press time, XRP is trading at $0.2189 with a $9.48 billion market cap.
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Ripple News

XRP And Ripple Officially Mentioned In US Bill Proposal

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XRP and Ripple were mentioned in the newly proposed bill on remittance insurance references as the latest developments in payment channels. The growth of cross-border remittances has alerted the US Government to the new opportunities for tracking and securing funds as we are reading further in the Ripple news.Ripple’s XRP was mentioned in the context of cross-border payment systems in the new proposed bill text. The pending action is a document on remittance transfers under the Electronic Fund Transfer Act (Regulation E), which will be discussed until January of 2021. This mentioning of Ripple’s digital asset was at once recognized as potentially positive for XRP on social media.The document suggests to secure funds that are sent through the growing selection of payments channels, and it covers the activity if fintech institutions and payment processors. The technical opportunities of new types of networks are giving the opportunity for a more in-depth and precise approach to insure against losses. The payment network of Ripple was mentioned as one of the vectors of growth in the remittance sector.
“The continued growth and expanding partnerships of virtual currency companies, such as Ripple, which offer both a payments messaging platform to support cross-border money transfers as well as a proprietary virtual currency, XRP, which can be used to effect settlement of those transfers.”
Ripple has mentioned also in the context that he is a system which can exactly predict the funds to be received:
  “The Bureau also believes that expanded adoption of SWIFT’s gpi product or Ripple’s suite of products could similarly allow banks and credit unions to know the exact final amount that recipients of remittance transfers will receive before they send the transfer.”
The document doesn’t mention some of the other payment platforms or blockchains concretely and XRP and Ripple have been singled out as a cryptocurrency that is related to a one of a kind remittance system. However, the proposed bill on protecting remittances doesn’t include insurance of transfers on other blockchain networks, it does only for fiat settlements. The XRP cryptocurrency is one of the speculative bets in the crypto sphere. XRP stagnated to a lower range of $0.21, which much of the community sees as an entry point of speculative characteristics to bet on future growth.
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Ripple News

Ripple Broke The $0.2200 Support Area Against USD

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The XRP price is declining as we speak and Ripple broke the $0.2200 support area against USD recently. As it stands, the price is likely to face a lot of hurdles near this point in the near term.Everything started a few days ago, when XRP initiated a bearish trend line with resistance near $0.2200 on the hourly chart of the XRP/USD pair according to Kraken. From today's Ripple XRP news, we can see that the bears are in control now and seem to be eyeing a test of the $0.2120 support.After struggling to stay above the $0.2240 support, Ripple broke its support area and traded below $0.2200 to move into a downtrend. Besides, we could see a close below this area and the 100 hourly simple moving average. This is how the altcoin came down to $0.2180 and formed a weekly low near the $0.2166 level.At press time, XRP is currently correcting higher. As Ripple broke the $0.2200 support area, now the cryptocurrency is at $0.2199 and moving slower to the bottom. An upside break above $0.2200 and $0.2205 won't be easy in the near term and if XRP surpasses the $0.2200 resistance, it could recover to $0.2240. However, for that to happen we must see a lot of bullish momentum and something that would change the trend so that the price goes to the $0.2320 resistance.On the other hand, the price might start a fresh decline from the $0.2200 resistance. If the bears gain momentum, we could see XRP dropping towards $0.2120 or even at $0.2100. When looking at the chart, the Ripple price is back in a bearish zone below the $0.2240 and $0.2200 levels. Thus, the recent breakdown is likely to lead the price towards $0.2100.
  • Hourly MACD – The MACD for XRP/USD is now moving in the bearish zone.
  • Hourly RSI (Relative Strength Index) – Ever since Ripple broke a new support zone, the RSI for XRP/USD has been correcting higher towards the 40 level.
  • Major Support Levels – $0.2160, $0.2150 and $0.2120.
  • Major Resistance Levels – $0.2200, $0.2240 and $0.2260.
Ripple broke the $0.2200 area and is still declining. The cryptocurrency still ranks third on the total market cap list before Tether (USDT), Bitcoin Cash (BCH), Litecoin (LTC) and EOS (EOS). The altcoin news today show that the only gainers in the top 20 are Tezos (XTZ) with a 1.65% increase and Cosmos (ATOM) which is the biggest earner with new 4% on the day.
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Ripple News

Ripple Trades Below $0.2260 Showing Strong Bearish Signs

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Ripple trades below $0.2260 and shows strong bearish signs. The price is currently declining from the key resistance level at $0.2320 against the US dollar so we are reading more about the price analysis in the Ripple news below.The major bullish trend line yesterday was beached with support close to the $0.2280 on the hourly chats of the XRP/USD pair. Ripple traders under a minor bearish pressure and the price is still at risk of dropping towards the $0.2140 support area in the near term. In the past few days, there was a slight increase in the price above the $.2200 resistance against the US dollar, and the price traded above the $0.2250 and $2280 resistance levels. Further, there was also a break above the $0.2300 resistance and the 100 hourly simple moving average but the price struggled to gain strength above the key $0.2320 resistance area.A new high was formed near the $0.2324 before the price started a fresh decrease below the $0.2300 but there was another break below the 23.6 percent Fib Retracement level from the upward movement of the $0.2098 low to $0.2324 high. More importantly, yesterday’s major bullish trend line was surpassed with support forming at $0.2280 on the hourly chart of the XRP/USD pair. The pair settled below the $0.2260 and the 100 hourly simple moving average.Ripple trades below $0.2240 and is closing in on the 50% Fib retracement level from the previous upward move of $0.2098 to the $0.2324 high. It seems like the $0.2210 and $0.2200 levels are the perfect support for the currency. If the price doesn’t manage to stay above the $0.2200 support, it will continue to move down towards the $0.2140 level. The next support is near the 61.8 percent fib retracement level of the upward move from the previous $0.2093 to the $0.2324 high.On the upside, the support was close to the $0.2240 which could act as a resistance. The first key resistance will be the $0.2260 so the price has to move above the $0.2240 and the $0.2260 to revisit the key $0.2320 resistance area in the near term. The price shows a few bearish signs as well as similar to Ethereum and Bitcoin. This means that if ETH drops below $144 and bitcoin breaks above $7,260, there are a few chances of a drop in Ripple’s XRP towards $0.2100.
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