RIPPLE TECHNICAL ANALYSIS (XRP US DOLLAR)



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THEMES AFFECTING Cryptocurrencies

SPECIAL YEARLY FORECAST

Interested in yearly XRP/USD forecast? Our experts make yearly updates forecasting the next possible moves of the ripple-dollar pair. Here you can find the most recent forecast by our market experts:

XRP to see double-digit price and reduced regulatory uncertainty

XRP to see double-digit price and reduced regulatory uncertainty

Ripple ends 2021 on a strong note by establishing itself in the East despite the ongoing lawsuit in the US against the SEC. XRP price burned brightly in the first half of 2021 but its momentum appears to have vanished in the second half. Regardless of the lackluster performance, Ripple and its native token XRP have a bright future ahead of them in 2022.

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Latest Ripple Analysis


Latest Ripple Analysis

Editors' picks

Base to decentralize further with fault proofs, testnet launch expected mid July

Base to decentralize further with fault proofs, testnet launch expected mid July

Base, Coinbase’s Layer 2 chain plans further decentralization through the launch of fault proofs and higher community participation. Fault proofs are expected to go live for Base Sepolia testnet by mid July. Base has noted a spike in usage between Q1 and Q2 with applications like Uniswap, 1inch, and Circle among others. 

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These seven altcoins are down over 40% from their all-time highs, recovery likely with latest developments

These seven altcoins are down over 40% from their all-time highs, recovery likely with latest developments

Crypto market capitalization excluding Bitcoin is down 3% in the past seven days and nearly 10% in the past 30 days, per TradingView. The shrinking market capitalization indicates that capital is flowing out of altcoins, the altcoins have likely wiped out their value over time in the ongoing cycle.

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Ethereum holders keep accumulating Ether ahead of ETF and new yield opportunities

Ethereum holders keep accumulating Ether ahead of ETF and new yield opportunities

Ethereum’s long-term holders have continued scooping up Ether while Bitcoin’s long-term holders shed their holdings. New yield opportunities in Ether, and the upcoming ETF are likely behind the divergence in the behavior of the long-term holders of BTC and ETH. 

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Crypto trader loses over $11 million in phishing attack, exploited for Maker and Ethena tokens

Crypto trader loses over $11 million in phishing attack, exploited for Maker and Ethena tokens

Maker on-chain metrics paint a bearish picture. A wallet address suffered an exploit for 3,657 MKR tokens worth $8.7 million and 2.56 million Ethena tokens worth $2.4 million. MKR was hit by a correction and gained ground, posting 1.11% gains on Sunday. 

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Bitcoin: Is BTC out of the woods?

Bitcoin: Is BTC out of the woods?

Bitcoin (BTC) appears poised for a slight decline this week, influenced by factors such as the German Government's deposit of over 1,700 BTC in exchanges, decreasing outflows in US spot ETFs, and on-chain data indicating no signs of BTC DeFi liquidation. Technical indicators suggest BTC might experience a 3% correction in the near term before continuing its upward trajectory.

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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.