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The Ripple XRP was on a steady upward trend after its steep rise a few days earlier. The sellers' pressure seems to have increased after the increase, as prices show a short consolidation phase, with prices showing a downward momentum.
XRP prices found support at $ 0.31 and show a stable trend. The current resistance level can be traced to $ 0.34. The 100 EMA line at $ 0.32 shows a stable uptrend. The MACD has approached the bearish zone. Prices are looking at the handle of $ 0.35. Prices are exhibiting a restricted trading area ranging from $ 0.32 to $ 0.34. At the time of writing, XRP is trading at $ 0.335 and is losing against USD 1.70%.
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The XRP has lost against the BTC of 1 , 94% in the last 24 hours. Currently, an XRP is equal to 0.000051 BTC.
XRP Price Forecast 2018
According to Smartereum, " On the basis of current projections, most people agree that the value of Ripple can go up to $ 200- $ 300 in ten years . " Megacryptoprice predicts XRP will reach $ 6.14 by the end of 2019.
The news on Ripple coins predict that XRP could watch a price increase of around $ 8 to $ 10 by the end of the year. However, the economic forecasting agency has a pessimistic view of the XRP value. They say that prices will fall by the end of the year due to "technology partnerships that do not meet promises".
XRP latest updates
- Joseph Lubin, co-founder of Ethereum, said in a recent interview that he does not consider Ripple as a competitor since "it is not a blockchain technology". According to him, Ripple is a sort of payment system, and therefore can not be considered a direct competitor.
- Many in the XRP community are speculating that a list of Ripple XRPs on Binance's new DEX could be on the cards. A photo of Binance CEO Changpeng Zhao and Ethan Beard, senior vice president of Ripple, was published by TechCrunch founder Michael Arrington on Twitter and sparked some serious speculation about a possible XRP list.
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