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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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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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Ripple's Partner Wants to Transform Gaming Industry with XRP

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    Forte reveals the benefits of using Ripple's XRP for creating digital economies

Ripple's Partner Wants to Transform Gaming Industry with XRP
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San Francisco-based company Forte, which formed a $100 mln fund in partnership with Ripple's investment arm Xpring back in March, keeps working on applying the blockchain technology in gaming.

Recently, Forte co-founder Brett Seyler explained the benefits of using XRP.  

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Blockchain-based gaming economies  

Forte is helmed by top-tier industry executives (including its founding CEO Kevin Chou) who are not focused on creating new powerful economies within the $140 bln gaming while making it more decentralized. 

There have been multiple attempts at creating a killer gaming dApp, but the technology is still way too cumbersome for the average Joe. Forte wants to address the adoption problem by making such games more approachable.       

“Creating game economies with multi-sided participation, open markets and increased transparency offer a potent solution to the challenge of the complexity plaguing game developers that result in stagnant economy design,” said Seyler.  

Blockchain is a perfect tool for creating peer-to-peer gaming economies since it could make in-game transactions easy, fast, and transparent.       

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The impact of XRP  

In order to make the magic happen, Forte utilizes the Interledger protocol (ILP) that was created by former Ripple CTO Stephan Thomas for establishing connections between multiple blockchains. 

On top of that, the startup also uses XRP for increasing the level of interoperability as well as security and liquidity.  

Since its inception, Xpring invested more than $500 mln in around 20 companies to streamline the adoption of XRP.  

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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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