For Ripple XRP there are no half measures. Some seem to be almost fanatical in their deep Conviction of the need for XRP, while others are strong detractors of the core philosophy of the company. The fact is that this crypto-currency has managed to position itself for a long time in the Top 3 on the market. The story of Ripple precedes that of Bitcoin even, and the goal of its creators was to create a decentralized financial system, that the Individual financial sovereignty offers.
Despite the very positive data that has been presented by the company for the entire year 2019, the price of a more neutral and declining Trend. What is the expectation for the future is? Learn more about possible scenarios and forecasts for the year 2020 based on various technical analyses, fundamental analyses and expert opinions.
The future of Ripple, in the year 2020
In the Boom of 2017 XRP from Ripple proved to be one of the most relevant crypto-currencies. According to data from CoinMarketCap, could XRP in the year 2017, with gains of up to 10,000 % accumulate. After Reaching record highs in January of the following year, and with the bearish season, which covered the Rest of the market, proved to be Ripple, but just as vulnerable. XRP lost in this year, more than 90 % and reached very low prices. In the further course of the year, recovered in the price in the midst of the prevailing pessimistic mood light and increased in September by 140 % toto to Ethereum catching up on the Ranking from CoinMarketCap briefly as the second most important Token to position.
Now Ripple Buy
In the year 2019, the quarter showed reports of Ripple Labs good data on the Acquisition of XRP for use in the large banking institutions, the growth of RippleNet and services, such as xRapid. In addition, the year was marked by a Phase of Acquisitions, including major brands such as MoneyGram. Despite the excellent data, the XRP-Token was not in the position to be with a number of players finished, determined the structure of the market to break through. This bearish breakout came after the very important 25-Cent support was broken. In the year 2020, many bulls are expecting a rise in crypto-currency, beyond this level, and finally respond to a multiple significantly oversold Situation. Will the crypto Team of the banks to create sufficient trust for a breakout? It remains to be seen.
Events that could support a future Ripple Boost
First of all, the crypto-currency, XRP from a large company is supported. The project is managed by Ripple Labs, a company, the banks and other large financial institutions solutions for cross-border payments offering. Although many criticize this dependency, which breaks with the original principles of decentralization, has contributed to this structure to make Ripple more. Prove the Numbers.
- Technological point of view, XRP is a strong bet. The network processed a constant 1500 transactions per second, working around the clock and is scalable. Many expect that it will catch up to systems such as VISA.
- The acquisition season in 2019, the company was very lucrative, what came in its quarterly reports clearly to the expression (for example, in the report of the Ripple for the 2. Quarter of 2019).
- According to the own management the year 2019, on a contractual level, has achieved the best record in the history of the company. It was made a number of important acquisitions, where MoneyGram has in the opinion of the CEO, Brad garlinghouse has a larger influence than Libra, the coin project from Facebook.
- According to the CEO of Ripple it is working to exceed the SWIFT as a cross-border payment platform.
- The financial statements of the Ripple are the key to the growth of XRP. The company already has a System for cross-border payments (xCurrent), but the new crucial addition to XRP (xRapid) would the current solution will be cheaper and faster to make. The success of Ripple depends to a large extent on the willingness of the financial institutions, to the use of xRapid move.
- In an article on the official website of the Ripple makes forecasts for the year 2020. Garlinghouse agrees with a different group of experts agreed that “we do not 3000 crypto-currencies need” and believes that the industry is going through a change in favor of the “quality” will shrink. Currencies like Ripple would thrive cases with real-world application in the future. They are also confident in terms of growth and believe that some underestimate the impact of the technologies in this industry.
Technical analysis of Ripple and possible scenarios for 2020
Although a precise forecast for the Ripple is not possible, put the current volatility and price records a precedent for future reviews. Some of the key areas of the technical analysis suggest a need for action with respect to the Ripple price and possible forecasts. In addition, you can see how quickly he changes and how this volatility of their positions could affect.
Therefore, we have opted for a technical analysis of longer periods of time (1 day). We evaluate the Ripple price against the US Dollar (XRP/USD); some investors trade directly against bitcoins. The two pairs operate differently, and their behavior does not necessarily correlate. Therefore, we have decided to create a new analysis of the XRP/BTC also include.
XRP/USD: Important observations and interesting areasTechnical analysis of the Ripple in comparison to the US Dollar (XRPUSD) of 30. December 2019. With trading view analysed data from Bitfinex.
In the Following, we will try, the main elements of the graphic to summarise:
- In order to evaluate medium-term scenarios, the analysis was carried out in relatively large intervals (1 day).
- Until further notice we are looking at a very bearish scenario, especially after the loss of the structural support to 25 cents, the price of Ripple for almost two years, maintaining has. Prior to this break XRP was not able to overcome the main Resistances during the bearish season, which led to its continuity.
- Is the moving average over 200 days, according to graph one of the most obvious. These MA200-curve is in the case of a price recovery of one of the note values of the indicators, and could be a possible reversal of the trend display.
- The RSI shows that the XRP has reached against the Dollar, a low level of over-encapsulation on the. Some believe that the XRP has entered a “capitulation phase”, which is characterized by volatility and a complete exhaustion of the bearish market and lead to a new bullish season.
- It might, however, still a next support is between 0.13 and 0.15 US Dollar to be tested. In this “danger zone,” it might be a great purchase intention to give the observed be should.
- On the top there is in addition to the MA200 a number of key resistances, which are characterized by clear lines on the graph. The yellow lines have, over the last one and a half years for a number of months accumulated, with a resistance of about 0,329 US Dollar. If these Resistances are broken, could Ripple to occur in a bullish Phase. In the past, this could happen very quickly and be unpredictable, which is why we advise caution and proper Management.
XRP/BTC: Important observations and interesting areasTechnical analysis of Ripple compared to Bitcoin (XRPBTC) of 30. December 2019. With trading view analysed data from Bitfinex.
Another Pair with different ways XRP/BTC is. However, this Pair behaves differently and is more volatile, which is why proper risk management is recommended.
- These intervals are also a day. It is clear that the bearish channel that had prevailed during the course of the entire year, was broken in September 2019. In spite of this significant outbreak is the cops have not yet succeeded, and some key Resistances to overcome before you achieve a turnaround, so we are currently in a sideways consolidation channel trading.
- The blue support zone on the downward path, could be challenged and the intention of the cops, Ripple to buy, confirm. A breakout from this area could lead us to even lower lows to 0,00001220 BTC, the likelihood of this scenario is rather low.
- For a upward momentum and a breakout in this direction, however, several items must be confirmed. The height of the between the resistor before Reaching the first Fibonacci Retracements limited interest rate levels, the way more difficult. First of all, the sliding as 50, 100, and 200-day averages, which represent a considerable resistance to the development of this price (especially for the MA100).
- Outside these curves, the reference values of support and resistance (blue and yellow lines) are used. These are about 0,00003350 BTC and 0,00004045 BTC. The latter indicates an important level for the market structure of XRP/BTC and could be the beginning of a trend mark, wherein, further confirmatory elements are required.
- The Relative Strength Index shows a recovery, after he has fallen into oversold territory.
Other important data and technical forecasts for XRP
- Ripples last year’s Deep: Ripple fell in December 2019 heavily on 0,175 US Dollar and reached its lowest level in two years. In regards to Bitcoin, he reached in September of the same year, with around 0,00002390 BTC has the same value.
- XRP-highs in the last year: in Spite of the bullish Rally in the first half of 2019 Ripple managed to not such a marked increase as other crypto-currencies. Ripple reached in June 2019, with highs of about 51 cents, while the highs of BTC are 9600 SATS (in January 2019).
The characteristics of these graphics are far from conclusive, but you can help us, to meet on the basis of what happens in the next few days, decisions. The break down would give the bear room to open Short positions with a target near the lows of the previous year. However, the possibility of a bull increases of fracture for both, if Ripple succeeds to overcome at the lower levels the building up of resistance.
Expert forecasts about the future of Ripple
Ripples chief market strategist Cory Johnson, the crypto followed the currency and the Blockchain-industry already for a long time. In November, however, aroused his special interest, as most of the digital Assets to the value gained.
“In my opinion, which is now totally influenced, says of this Moment is that these Coins or these assets have no intrinsic value. I just hope that someone else finds him there…
But what I saw in Ripple, was different than what I see in some of these other currencies, and certainly in many of these ICOs, namely, that the activities of the software company to create value, a fundamental intrinsic value. I think Ripple will be able to demonstrate an intrinsic value for XRP, some of these outgoing currencies and assets and will not have“.
In the Vision of Chris Larsen, the founder of Ripple, there will be large banks, such as Citi, JPMorgan Chase, PayPal, and Alipay more. But the “Ripple network” will be the System through which they communicate with each other, so as the interoperability protocols of the Internet today, the E-Mail networks in the world to connect with each other. It is, rather, a collaborative scheme as a zero-sum game.
Joseph Young, a Reporter of the Cointelegraph said in his Twitter report about Ripple:
“Blocked Ripple 14 billion of its domestic currency, in order to control their price? The Block of funds is bad, the intent is even worse.“
Until the end of 2020, executives expect market maturity with a reduction in the number of crypto-currencies and an outflow of funds into those that, in future, a more relevant use.
Websites-forecasts to 2019 the future of XRP
Despite the fact that the bullish side expects a remarkable growth, agree on some of the websites with on past-based forecast values systems that XRP will not exceed till the end of 2020, the Dollar. A bearish Ripple-forecast of the wallet investor , for example, assures that he the year 2020 0,0110 dollars complete (94 % loss compared to the current level).
From a bullish perspective to predict sites such as “The Oofy” that Ripple in the year 2020, to 0.5 to 0.6 U.S. dollars and traded – for a period of consolidation, the highs to 0.90 US-Dollar would see.
The technical forecast website long forecast released also Ripple forecasts for the year 2020. She tends to be a bearish scenario, and it looks possible that XRP is the year 2020 at $ 0.13 concludes.
While we for the year 2020, a few bullish predictions for Ripple to have found, as published in the John Isige, author of the FXStreet portal, recently, an analysis in which he claims that XRP in the year 2020, between 30 and 50 cents, consolidate , and until the end of the year to parity with the Dollar could rise. He sets the goal of XRP at historical highs of around 3 dollars, and he makes this rise from the behavior of the leading Bitcoin-dependent.
Ripple critics: “Ripple is a bubble”
Many crypto-currencies for a speculative bubble. Ripple is no exception. After he 3,65 US Dollar, its highest level, reached had experienced Ripple a decline. The low Numbers could be due to the fact that CoinMarketCap contains no information from some of the South Korean stock exchanges where the currency has found great acceptance. However, there are other concerns as well.
Erik Voorhees is the CEO of the ShapeShift-a stock exchange for digital Assets, and a strong supporter of Bitcoin as a way of money and state to be separate. He is quoted with the following words:
“The reason for the strong growth of Ripple is that it is a bubble. It makes no sense, crypto-currencies with the banks to try. The idea of crypto currencies is that no Bank“.
What do these predictions say about Ripple?
The future of the Ripple price is unpredictable, but he should be considered as one of the most widely used crypto-currencies. Although XRP is favored as a large private company that works with banks, together, little, was exactly this, the component for its success. The network is particularly useful for banks that will open the world of crypto-currencies and at the same time their existing cross-border transaction systems faster and cheaper to make. The Ripple presented solution is largely scalable and your success could consolidate even more in the future.
It beware of exaggerated forecasts for XRP is necessary, however, in the near future. It is important to understand that currently about 44 billion XRP Coins to circulate. So would, for example, a quotation of US $ 100 require that the XRP is about 4 trillion US dollars capitalized – more than any other financial asset. Consequently, you have to get realistic expectations to maintain and an ever-changing market monitor.