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XRP Price Prediction: $0.05 Massive Dump Is Coming! Will Ripple Quit the Crypto Rally?

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XRP Price Prediction: $0.05 Massive Dump Is Coming! Will Ripple Quit the Crypto Rally?
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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.

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Ripple continues disappointing traders as their XRP price predictions don’t actualize at all – vice versa, it keeps falling and breaking newer and newer support levels. By touching the $0.30 level, it has broken the hopes of many investors, and it doesn’t seem to stop its epic fall to zero. Read XRP price predictions from tradingview users to find out what else to expect from Ripple.

XRP might experience an epic fall

By taking a look at XRP, TradeWithTyler has concluded that it’s going to $0.05 in the nearest time. What are the reasons for that?

  1. Regulation. No government in their right mind is going to let XRP come in and disrupt their central bank's entire payment processing current operation (USD, Swift) – it's just not going to happen in this day and age. Instead of using XRP, they will continue to use dollars and just modernize the processing to be instantaneous.

  2. Inflation. XRP is highly inflated and many people holding billions of coins in wallets are ready to dump at a moment.

  3. Lack of transparency. XRP has never been audited legitimately, so we do not technically know who exactly owns all the top wallets. According to an analysis performed by BitMEX, Ripple has been unable to retrieve the first 32,570 blocks from the Ripple ledger and none of the nodes could repair or obtain the data. This means that Ripple cannot complete an audit of their blockchain, nor a transactional analysis of the 100 billion XRP coins. Therefore, XRP claims it can never be audited, and basically can never be trusted by any major organization or corporation, so it will simply be left in the dust.

Evidently, Ripple has a few technical shortages that play a major hindrance to its massive adoption.

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XRP: Either $0.15 or $0.50

If XRP touches $0.29, we are doomed

According to PeacefulWarrior, there are two main scenarios for XRP. Either it will confirm the continuous failing and head to the $0.15 mark, or it will break the support level and crawl to the $0.50 level. The chances for that seemed to be equal until now. However, there’s still hope until XRP touches the $0.29 level.

Do or die strategy should be applied

XRP might bounce back if traders hold

Faibik has performed a bit of technical analysis and has come to a few solutions. First, the weekly TF is around the strong support area and we should keep tabs on it. There might be a bounce back if people continue holding Ripple. If not, it can die within a few weeks. If things go well, we might see XRP reaching $0.64 this spring.

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Ripple Sold Its Highest Quarterly Sum of XRP in Q1 2019

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XRP/BTC – The possibility of 160% ROI

XRP/BTC provides a few profit chances

Looking at the XRP/BTC price chart (XRPM19), we see a potentially very profitable trade set up, but we are looking at BitMEX with really high leverage, so such trading is very risky and should be done by advanced traders only.

According to alanmasters, there’s a strong bullish divergence showing up on his main indicators, and we are now trading above EMA10. We have a trade here that can do over 160% ROE with 8X. However, this is a very time-sensitive type of trade.

All in all, XRP doesn’t show many bullish signs – presently, it’s testing support again, and might hit other bottoms again and again. If you’re a highly experienced and advanced trader, you can try XRP trading, but it’s very risky right now.

Price charts are taken from TradingView

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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’s Domination May Rise According to One Analyst

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    Famous analyst PlanB published an interesting chart showing the four stages of Bitcoin’s market dominance. It appears that he predicts hard times for the altcoins!

Bitcoin’s Domination May Rise According to One Analyst
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With the last days of 2019 right around the corner, analysts and traders are getting the audience pumped for 2020 forecasts. The third Bitcoin (BTC) halving and Ethereum's probable migration towards its Proof-of-Stake (PoS) consensus will be hot topics for the crypto community. Prominent trader PlanB decided to surf this wave by showing BTC's dominating traction.

Four Stages for Dominance

In the historical chart, PlanB has revealed one of the most important indicators of the crypto world - Bitcoin's market capitalization. This indicator shows the ratio of BTC's market capitalization to the capitalization of all other cryptocurrencies tracked publicly by the available services (4000+ coins). This is used as a sign of comparative demand for altcoins and BTC.

Bitcoin Dominance Historical Chart
Image by: https://twitter.com/100trillionUSD/status/1203012308513017856

Plan B showed the four stages of BTC's dominance, in which the graph is slipped vertically (bottom line indicates 100% BTC market dominance). The first stage, which lasted before April 2017, showed that BTC's dominance was more than 90%. The second stage (April-September 2017) showed that the figures were between 70% and 90%.

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The third and the fourth stages repeated twice from September 2017 to the present day. In the early days of 2018, the indicator was at an all-times-low of 35%. Now, the graph is about to re-enter BTC's second stage with a 70+% dominance.

Altcoin Annihilation?

PlanB surrounded his picture with the ironic hashtag #altcoinannililation. Therefore, PlanB interpreted this traction as bad sign for the altcoins. It should also be said that some of commentators in PlanB's open thread suggest that the four-stage cycle was launched by the previous BTC halving of July 9, 2016.

Furthermore, we can see that BTC's high price correlates with its low market dominance. With that said, the publication by PlanB forecasts an extremely bearish start for 2020.

Recently, BTC advocate Tuur Demeester claimed that the price of BTC will drop one more time to $5,000. This level will be reached due to the capitulation of "weak" investors prior to the long bull rally.

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About the author

 Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockhain. Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

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