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Ripple XRP Is Gearing Towards $1.15 Breakout, Analysts Say

Jamie West by Jamie West
December 9, 2020
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XRP has been performing amazingly in the last 30 days thanks to its most recent bull run, with record returns clocking at 135%. Despite reporting losses in the last 24 hours, the cryptocurrency XRP is still trading at $0.58 at the time of release. This is a great sign for XRP as it has been able to maintain a desirable and important support level despite the most recent drop.

According to technical analysts, XRP is currently running for the $1.15 price range. This analyst has been putting high hopes in this cryptocurrency over the last few weeks, even claiming that the XRP’s value can easily reach $25 to $30 once the different digital assets start their bull run anew.

However, as most recently stated by the analyst, Credible Crypto believes that a break from the current level of XRP is directly tied to how Bitcoin’s price will perform in the coming days. The analyst said that he thinks that the previous run is over and Bitcoin will stay at its current level, and so will XRP. This correction is over, the analyst further added.

Regardless, he believes that the XRP is ready for another bull run. “Fasten your seatbelts,” he said, then quickly showing a chart of the projected gains that XRP will experience in its next rally.

Credible Crypto also believes that Ripple’s cryptocurrency will experience another setback before climbing again and reach new heights for the year. A trader, Mr. Parabolic, also agreed with the analyst’s assessment of the crypto token. He said the major players in the industry and Bitcoin are dumping as a major retest of their weekly support and resistance flip.

Another trader who is optimistic about XRP is Michaël Van de Poppe. In recent analyses, this trader compared and correlated the price of XRP and Bitcoin. And, they indicate that the next airdrop of Spark tokens by the Flare Network will have a positive impact on the value of XRP.

He also predicted that there would be a drop like what just happened, and this will happen just before investors start gunning for the $1.00 mark. However, his analysis placed this drop to happen at the $0.45 mark, and it will act as the support level, but he thinks that this can go even lower.

jamie xrp news | XRP & Ripple News
Jamie West
Tags: cryptocurrency newsripple news todayRipple pricexrp news predictionxrp news todayXRP price
Jamie West

Jamie West

Jamie is an XRP veteran & keeps his finger on the pulse when it comes to all things crypto.

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XRP News – Keeping You Up To Date With All Things XRP & Ripple

In the rapidly evolving world of digital finance, XRP stands out as a pioneering force, reshaping the landscape of cryptocurrency and blockchain technology. As a core product of Ripple Labs, XRP is not just a digital currency; it’s a breakthrough in how we perceive and engage with global financial transactions. This article delves into the essence of XRP, exploring its distinctive features and the reasons behind its growing popularity.

Unmatched Transaction Speed

One of the most compelling attributes of XRP is its unparalleled transaction speed. In a world where traditional banking can take days to process cross-border payments, XRP offers a stark contrast with its ability to settle transactions in mere seconds. This efficiency is a game-changer for both individuals and businesses, ensuring that funds are transferred quickly and seamlessly around the globe.

Low Transaction Costs

Another significant advantage of XRP is its incredibly low transaction fees. Compared to other major cryptocurrencies and traditional banking methods, XRP stands out for its cost-effectiveness. This feature makes it an attractive option for micropayments and regular international transfers, offering a more affordable solution for everyday transactions.

Scalability and Sustainability

Scalability is a critical factor in the cryptocurrency world, and XRP excels in this aspect. Designed to handle a large volume of transactions without compromising speed or cost, XRP is well-equipped to meet the demands of a growing digital economy. Additionally, its consensus protocol is less energy-intensive than the traditional proof-of-work used by many cryptocurrencies, making XRP a more environmentally sustainable choice.

Broadening Financial Access

XRP is not just a tool for efficient transactions; it’s a catalyst for financial inclusion. By simplifying and reducing the cost of cross-border payments, XRP has the potential to open up global markets to individuals and businesses who previously found these transactions prohibitively expensive or complex. This democratization of financial services is a cornerstone of XRP’s vision.

The Ripple Effect

Ripple Labs, the company behind XRP, is continually expanding its partnerships with financial institutions worldwide. These collaborations are not only a testament to the reliability and practicality of XRP but also a driver for its adoption in mainstream finance. As more banks and payment providers integrate XRP into their systems, its impact and relevance continue to grow.

A Community of Innovators

The XRP community is a vibrant and dynamic force, comprising developers, entrepreneurs, and enthusiasts. This community is at the forefront of exploring new use cases for XRP, pushing the boundaries of what’s possible in the realms of digital payments and blockchain technology.

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