Ripple: revolutionizes the way in which money is sent
Ripple's XRP has been present in the sector for some time, and is one of the most consolidated cryptocurrencies on the market. Not only is it registered with some big banks but it also owns shares of some large companies. Ripple aims to change the way money or funds travel around the world through its token called XRP.
Sending money across borders is a hassle, in most cases it takes more than 72 hours and sometimes clients have to fill in various forms. All this has led financial institutions and other financial companies to find a quicker but cheaper and more efficient way to send and receive funds. Ripple's XRP is also in the same category.
It is very difficult to make a long-term forecast for Ripple. However, it is clear that XRP is Ripple's backbone and if XRP fails, then Ripple, as a company, is also likely to fail. It's no secret that Ripple's XRP is a bit different compared to other cryptographic giants. For example, technically it is not decentralized.
Moreover, it is making banks even more powerful, which is the opposite of what Bitcoin aims to do, Bitcoin as developed to escape banking and centralization. The third cryptocurrency in the world with a market capitalization of just over $ 18.4 billion uses a handful of nodes or validators to validate transactions instead of using the concept of Proof of Work (POW) or Proof of Point (POS).
Price XRP (XRP) today – XRP / USD
Where is Ripple's XRP voice?
Currently, Ripple is heading towards a bull market. To understand technical analysis, we must first look at the levels of resistance and levels of support. Resistance levels for XRP are $ 0.61, $ 0.63 and $ 0.65. Support levels for XRP are $ 0.40, $ 0.38 and $ 0.36.
On November 1, 2018, XRP was in a bull market. The price of the third world cryptocurrency is oscillating well above the average price. Which means we can soon expect a price increase for XRP. However, they are not all roses and the cryptocurrency will face resistance at $ 0.48. The good news is that the MCAD and Signal lines are well above the zero line.
This means that you should buy XRP and keep it for a while. If you buy Ripple right now and the crypto market boom in December, your Return on Investment or ROI will be high. Even the graph of an 'now shows us the signs of a bull market. Also the 12-day and 26-day EMA is giving us a buy signal, so technically it's a green light for investors.
It is essential to keep in mind that none of the precedents can be assured and nothing, I repeat everything is possible in the world of cryptocurrencies. There are no rules and regulations and no one to blame or report if the entire investment is lost. You should always do your research and invest only money that you can afford to lose.