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XRP Price On The Verge Of Breakout? Twitter Users Expect XRP Hit $1 This Year
Failing to sustain high price level, XRP is keeping around $0.30. It might seem that Ripple’s XRP stands still all the time, but Twitter users have the opposite opinion. They are sure that big changes are coming, and XRP is simply accumulating power for the price to explode. Can Ripple go to the moon in 2019? What will drive its overwhelming growth? Check out XRP price predictions from Twitter users.
The history repeats
According to the long-term price charts, Ripple might be repeating its history, and the scenario of 2019 can actualize this year, too:
???XRP history repeats ???#xrp #ripple $xrp pic.twitter.com/qrwqKFfk4c
— TD.crypto (@TD59936782) August 8, 2019
If XRP breaks out of the current resistance zones, its growth would exceed $1 easily. Some traders are sure it has enough potential to touch the $5 level, too.
Are there any certain triggers of XRP growth? There’s a bunch of theories. One of them claims that Ripple will burn its immense reserves of XRP for its price to rocket:
Should Ripple burn 50% of XRP’s supply to pump its price? @crypto_bitlord thinks so and started a petition | Read More: https://t.co/r34LWubJdb | $XRP #XRPcommunity pic.twitter.com/30cowUw2g6
— fiatleak (@fiatleak) August 8, 2019
Although the petition is started, Ripple Labs itself does not plan to burn its tokens – it might have too serious outcomes.
Alex DovbnyaHere is the golden section pattern that proves XRP might soar:
Ripple $XRP $Euro
— Chris. (@Elliott_Wellen) August 4, 2019
Time is comming ? pic.twitter.com/l9CBAzmXa0
However, it’s simply an amateur approach: what works with fiats might not work with altcoins at all.
Better make mid- and short-term predictions based on traditional technicals, such as Fib levels:
#XRP - Technically the data says: "This is it"!
— CryptHawk ? CryptoHive ? XRPNest ? (@TheCryptHawk) August 4, 2019
I looked at everything: potential bearish scenario, indicators, patterns, fibs timezone etc. data always comes back to this scenario like $BTC: 1st fibs 1.618, support 0.786 then next fibs 1.886 (chart 2) $XRP #XRPCommunity #Ripple pic.twitter.com/7TE2YrjQHN
XRP won’t grow overnight
The short-term XRP price predictions are positive:
Pamp it or damp it ?$XRPUSD
— ⊕ (@TDSniper_) August 6, 2019
Ripple#crypto #ripple $btc pic.twitter.com/kHQYmpyL89
But simple moves to $0.4-0.5 won’t make any serious difference. As for higher XRP levels, there is no 100% confidence that we can reach them in 2019.
My confidence in @Ripple is as strong as ever. It's even clearer to me now that, some day, the majority of all financial transactions will run on Ripplenet. However, my confidence that any significant XRP price appreciation ($5-$10) will occur in the next 12-24 months is gone. ? pic.twitter.com/dukSfElQFW
— CryptoPennyCO ? ☕️ ? (@CryptoPennyCO) August 6, 2019
Don’t rush to the conclusions
All in all, time will show whether Ripple is able of groundbreaking moves. Right now, there are no signs of Ripple going to the ceiling. As one Twitter user ironically noticed, Ripple will discuss how liquidity has changed before they know the numbers:
#XRP #XRPcommunity just a reminder to all on November 8th Ripple swell event will discuss how liquidity has changed, how do they know that it’s changed before it’s changed, is it a suggest #xrp moon is round the Corner ???? https://t.co/sVjo6Nr2tR pic.twitter.com/4QjpaUCV8Z
— Lionel (@Lionel46294550) August 8, 2019
The XRP conspiracy theory
This post simply could not stay unnoticed:
?You really can't make this shit up?#Ripple's Success Plan:
— Tone Vays [RIP Tyler Jenks] (@ToneVays) August 3, 2019
1. Create & Pump useless $XRP token while keeping 75%+ for yourself to sell later to bag holders
2. Use $$$ to buy stock of failing Companies (Ex: MoneyGram)
3. Use news to wake up "Army of the Brain Dead" & pump XRP pic.twitter.com/nqUqNk0etA
What we are witnessing now is how Ripple Labs manipulates its XRP stocks and buys/sells XRP in large amounts to shift the value of the coin. Will their efforts turn out to be fruitful?
For some reason, XRP gets more attractive for other blockchains’ representatives:
Tron holder holding 3 million TRX tokens switches to Ripple (XRP) | Read More: https://t.co/r34LWubJdb | $XRP #XRPcommunity pic.twitter.com/z5zFkL2atF
— fiatleak (@fiatleak) August 5, 2019
Seems like they know something usual traders aren’t aware of. Does it mean Ripple is preparing for a major breakout? Everything is possible.
Meanwhile, Ripple’s bottom levels keep growing from year to year:
Look at XRP this way:
— XRPQ (@Pho2graph) August 8, 2019
XRP Yearly Lows
2013 $0.002
2014 $0.0036
2015 $0.0042
2016 $0.0051
2017 $0.0061
2018 $0.25
2019 ?
Up AT LEAST 14% each year - and you are still in the game.#XRP @Ripple #crypto #HODL
Thus, Ripple Labs keeps actualizing its plans, even though slowly. So even if it’s a non-profitable variant for shorts, it must be a great choice for long-term investors. Patience is the key.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Arman Shirinyan
Alex Dovbnya
Dan Burgin
Vladislav Sopov