Ripple (XRP) Is Approaching the $0.27 Support Zone. How Low Might XRP Slump?

The recent months have been nothing but disappointment for XRP traders, especially long-term hodlers. While Bitcoin and other altcoins have made a glorious path to new heights, XRP managed to crawl to $0.45 level and got back. Recently, it has even fell below $0.30 - a bad sign for traders. So, what to expect from XRP price next? Let’s check out Twitter users’ XRP price forecasts and their opinions. 

When innovations are hopeless

A lot of traders have been waiting for new technological advanced introduced by Ripple labs - it would make XRP price people thought. However, surprisingly, XRP did not grow - it went the opposite direction. This is what makes Twitter user say ‘RIP Ripple’.

Take a look at their predictions and moods:

Imagen ripple announcing xrapid are live with moneygram and sbi and Nothing happens to the price!!!?

Then We going to ZERO really Quick!

And ppl are going to be like aaa No it takes time and all that bullshit!! ?

— ALL-IN-XRP (@all_xrp) July 15, 2019

@Ripple is a bunch of criminals@CFTC please take a look at the shady business practices. Please investigate the shameless XRP shilling and then the SHAMELESS XRP DUMPING ON INVESTARDS and then the '@Ripple has nothing to do with XRP but we SOMEHOW DUMP IT ALL THE TIME !!!!!!

— Dr. MemberBerries #stopdumpingxrp (@cRIPtoBerries) July 15, 2019

XRP is dead. Ripple is too.

— Globaltrader (@Jamesjimjimmy) July 15, 2019

Dreamers stay dreamers

However, some users continue claiming that Ripple is able of reaching new heights. Here’s what some of them think:

XRP will be the only coin will have huge price increases than any others , guys it will go beyond your predictions , have faith and buy more . More decreases in price now is literally an opportunity to buy more , because it’s sure thing that you will see big returns:)

— John travo (@Johntravo8) July 15, 2019

I’m still waiting on Jungle’s $10 prediction to come true following XRP’s listing on Coinbase ??

— Tom T_XRP ? (@TomT_XRP) July 15, 2019

END GAME: #XRP to $10,000. @mineable_ talks how #XRP will reach $10,000 dollars; a price that will replace both institutional & retail FIs traffic around the world. ? #XRPnotaseurity ? REGS ?FI MASS
ADOPTION, INVESTMENT & STOCKPILE.
RT
Full Video: https://t.co/K8roHJny54 ) pic.twitter.com/ydoIBJRxGR

— Peter Pumpkin Eater (@yesillhavesome) July 7, 2019

A more possible scenario:

Nice haha. Prediction sa XRP is $0.70 by end of 2019 haha

— Liam (@liamdemafelix) July 15, 2019

But what if Ripple is NOT supposed to be expensive? Take a look at this opinion:

So with this being said, I’ve got a question. Call me stupid for asking this but if Ripple is solving cross border payments with XRP. Doesn’t XRP’s price need to stay low in order for this to work and keep working? It’s inexpensive, isn’t that why it’s being used and saving https://t.co/b1EDsXOWs1

— Cryptokidd (@Cryptokidd4) July 15, 2019

Indeed, XRP seems to stand aside from the scope of all other altcoins. It simply doesn’t follow the path of Bitcoin or any other digital currency. Market uptrend? Ripple hardly reacts. Technological advanced? XRP market does not depend on it either. Thus, making predictions often proves to be useless. 

Everybody is talking About SBI VC go-live and that it is a Big thing. Let me tell you. It wont make a difference to the $XRP price

SBI VC is already live with OTC. Just adding an Exchange orderbook wont do much, Sorry https://t.co/KjDcSmLsgQ

— XRP The Standard (@DominanceXrp) July 12, 2019

Hold or buy more

Since no one knows for sure what will happen with Ripple (XRP) price, you can continue holding it and buy some XRP while the cost is tasty.

#XRP ~ Just purchased a huge bag to almost triple my holdings and just about 1/2 my avg purchase price ?

Price was way too irresistible ?

I apologise in advance for the inevitable dip that will follow ?#BuyTime $XRP #XRP #Accumulate#XRPtheDiamondStandard #0doubt pic.twitter.com/jyalo6h1Wz

— Cryptoresting x Ahead (@XRPaul_) July 15, 2019

Moreover, XRP can dump a little bit more:

#Ripple's XRP price technical forecast: A breakdown seems imminent

Bears are likely to dominate at that supply zone and continue to push the price down towards the demand zone at $0.30, 0.27 and $0.24https://t.co/w5bJ8HFQLo

#XRPUSD #xrparmy #ripplenews

— Tron Weekly Journal (@TronWeekly) July 13, 2019

Thus, buying at $0.24 would be even a better idea. With the major downtrend on the crypto market, this might be possible.

Conclusion

Ripple’s XRP is too far from $0.50. Moreover, it might even drop below $0.30 again. That means you should either hold XRP for a few months (or years) more, or speculate on shorts – the second option is better for experienced traders.