RIPPLE TECHNICAL ANALYSIS (XRP US DOLLAR)


Ripple Price Analysis: XRP/USD recovers from the weekend dip to $0.16, bulls eye $0.18


XRP/USD Chart


Fundamental Overview



Big Picture

THEMES AFFECTING Cryptocurrencies

SPECIAL WEEKLY FORECAST

Ripple Price Weekly Forecast: XRP/USD bleeds back to the drawing board

Ripple price alongside other cryptocurrencies has had a rough week, to say the least. I had reported that the crypto market was grinding north on Friday last week. While it did hit high levels over the weekend, losses have dominated the crypto space since Monday.

Read full analysis

SPONSOR BROKER


Latest Ripple Analysis


Latest Ripple Analysis

Editors' picks

Bitcoin Price Analysis: BTC/USD refreshes levels under $6,000 as $5,000 beckons

Bitcoin price continues to explore the levels towards $5,000 as discussed on Friday. The failure to break above the critical $7,000 level left the bulls discouraged but sellers gained confidence with the reducing trading volume.

More Bitcoin News

XRP/USD recovers from the weekend dip to $0.16, bulls eye $0.18

Ripple price is in the green during the Asian session on Monday just like the other major cryptocurrencies; Bitcoin and Ethereum. The digital assets are focused on correcting ...

More Ripple News

ETH/USD stuck below $130.00 and it's a bad sign for bulls

Ethereum, the second-largest digital asset with the current market value of $14.2 billion, attempted a recovery above $133.00 before retreating below psychological $130.00. The coin has been mostly range ...

More Ethereum News

EOS passes stage one of the controversial Worker Proposal System

EOS Nation recently announced that 34 block producers (active and standby) approved the first phase of the controversial EOS Worker Proposal. They noted that this is the “strongest consensus reached on ...

More EOS News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: Coronavirus will either kill Bitcoin or make it stronger

Bitcoin is about to finish the second positive week in a row. The first digital coin has recovered from $5,680 and came close to psychological $7,000 during the week.

Read the weekly forecast

BTC

ETH

XRP


Characteristics of Ripple

Ripple is the third largest market capitalization strength in terms of cryptocurrencies. It was launched in 2012 as a decentralized free software payment system and under this name we find both the financial protocol for transfers and the cryptocurrency better known as XRP.

However, until 2016 Ripple did not obtain the necessary accreditation to operate as a cryptocurrency, ending up being fined the previous year with a sum of 700,000 dollars. Just one year after obtaining its license, its capital had amounted to 55 million dollars in part due to its acceptance and subsequent collaboration with banks such as Santander, Siam Commercial Bank, Royal Bank of Canada or UniCredit, among others.

Differences between Ripple, Bitcoin and Ethereum

Among the most outstanding features, the speed of transfer stands out because for every second a total of 1,500 transactions can be carried out while other cryptocurrencies such as Bitcoin and Ethereum only allow 6 and 15 respectively. Likewise, completing a transaction takes around 4 - 5 seconds while with Ethereum it takes 2 minutes and with Bitcoin, it goes up to almost an hour.

Due to the importance of Bitcoin today, Ripple has a payment gateway that facilitates payment between its users with these two cryptocurrencies without the need to have their own wallet with that currency. Despite using a similar operation that allows the connection with other cryptocurrencies, it does not work under the blockchain technology.

Another main difference with respect to other cryptocurrencies is the absence of mining. It’s not possible to generate new Ripple units this way. Right from its launch, it was agreed that the maximum number of Ripple would be at 100 billion units, although not all of them are in circulation at this time. Ripple units are being released by their creators periodically. In addition, it’s worth underlining that nearly 20% of the market cap is owned by its creators.