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📈 Price Predictions
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XRP Price Attempts To Reach $0.30 Again. Traders Discuss The Chance Of Bullrun

  • Vera Yurina
    📈 Price Predictions

    XRP is on the way to $0.30 again! How long it will take Ripple to recover this time? Read XRP price predictions from TradingView

XRP Price Attempts To Reach $0.30 Again. Traders Discuss The Chance Of Bullrun
Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

Ripple has restore to its $0.25 level despite the bearish tendencies, and it striving to break the major $0.30 resistance point again. Does XRP has enough power for that, and what to expect in the nearest days? tradingview users are discussing Ripple (XRP) price predictions and analyses to forecast the next serious uptrend.

Back in accumulation zone?

XRP breaks the descending channel
Ripple (XRP) price chart by TradingView

We see that XRP has broken out the channel, which was in the accumulation zone. But the rush rally ended quickly and the following correction led XRP even below the very important support, which is still the same accumulation zone. What are the signs of positive trend?

  • XRP broke out to the bottom of the descending parallel channel – it’s very serious!

  • Luckily, Ripple turned on the bad level and returned in both: parallel channel (descending) and accumulation zone (horizontal).

  • MACD and RSI have grown against the trend - with big volatility of course. Their trends tend to be and to stay positive.

  • Also the volume of trades has come back, indicating the interest of investors.

  • Ripple is now approaching the upper limit of the falling trend channel - even if it continues sideways. 

Speculative investors can accumulate some more Ripple-tokens on this level, hoping that XRP will break through the resistances. In this case the next resistance could be the falling trendline (dotted) at actually 0.30$.

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XRP gets bullish

Will XRP get bullish soon?
Ripple (XRP) price chart by TradingView

Ripple (XRP) has seen a promising 5% increase over the past week, bringing its price up to $0.25.

The latest increase is largely due to XRP rebounding against BTC as it continues tryout to break above the resistance of the 3100 SAT level.

The coin has struggled over the past three months after dropping by a steep 36%. However, the market looks to be on the road for bullish recovery. The nearest level of resistance above $0.26 lies at $0.27, further levels are at $0.2811, $0.29 (100-days EMA ), and $0.30, which will take a few weeks to achieve.

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XRP is ready to fly?

XRP is aiming to break the support levels
Ripple (XRP) price chart by TradingView

According to the user sdsti, we can see the price broke the trendline and is giving sign of a retest near the 0.382 fib level and the minor support which align perfectly. The first target will be the major support which will lead us to 155 pips, around that time we'll see if the price break or hold that level of support. The worst scenario would be a fake breakout of this trendline which we all know might happen.

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About the author

Crypto writer, blockchain geek & Bitcoin holder with a strong belief in the power of cryptocurrency. Veronika combines in-depth analytical approach with creative writing to deliver the texts that both inform and entertain. With hundreds of reviews, SEO articles and marketing texts under the belt, she has experience of working for blockchain Medium channels, Cryptodiffer site and ICOs. Part of U.Today team since 2018, she focuses on crypto price predictions and monitors the market to provide the most relevant info & opinions.

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Bitcoin in Danger as New Research Shows Google Has Achieved Breakthrough in Quantum Computing

  • Alex Dovbnya
    📰 News

    Google's quantum computer is still too primitive to pose a threat for Bitcoin's cryptography, but things could escalate quickly

Bitcoin in Danger as New Research Shows Google Has Achieved Breakthrough in Quantum Computing
Cover image via www.123rf.com
Contents

According to a new research paper published in science journal Nature, Google's quantum computer is able to perform calculations in just three minutes. To put this into perspective, it would take the fastest supercomputer about 10,000 years to perform the same operation, which signifies a major tech milestone for the search behemoth. 

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Google achieves "quantum supremacy"

Back in September, the Financial Times reported that Google has managed to achieve "quantum supremacy," which means that its beast is able to perform calculations that would be impossible to pull off with any other computer. 

However, technology is still way too fragile for commercialization, which is unlikely to happen anytime soon. There is hardly any practical application for quantum computers, but they do have great potential for disrupting a lot of industries, such as finance and transportation.   

Considering that the Trump administration has funneled a whopping $1.2 bln into the development of quantum computing, it might stop being just a buzz word. 

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Will Google's quantum success affect Bitcoin

There is also one notable application for quantum computing -- hacking Bitcoin. The headlines about Google's super-powerful juggernaut has made many wonder whether Bitcoin, whose value derives from the immutability of its Blockchain, is in danger. 

However, ex-Bitcoin Core developer Peter Todd reassured the confused crypto crowd that Google was nowhere near breaking the top coin's cryptography. On top of that, it's not even clear whether quantum computers could potentially be scalable enough for commercial use. 

Bitcoin evangelist Andreas Antonopoulos also opined that Google's quantum breakthrough would have no impact on the orange coin. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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