XRP sales by the company have long been viewed as one of the factors exerting negative pressure on the cryptocurrency market. As of early 2020, Ripple had 48.9 billion XRP in reserves. In recent months, the company has slashed sales by stopping sending cryptocurrency to exchanges.
Ripple (XRP) has risen 2.5 times in late November. This is the best month for a token in the last three years, since December 2017, the overall positive sentiment on the cryptocurrency market in November could have positively affected the XRP rate. The likely catalyst for the XRP rally could be the activity of the developer Ripple Labs. In its third quarter 2020 report, it reported a $ 45.55 million acquisition of XRP as part of its buyback program to maintain healthy markets. Another potential reason for the XRP rally was the increase in the number of daily active addresses, according to analysts at Santiment.
Ripple Labs has released a new version of the XUMM Wallet payment app. Last week, Ripple opened the position of a senior director of liaison with central banks as part of its work on regulators' digital currencies (CBDC) projects. Ripple is also looking for a key person to establish strategic partnerships with cryptocurrency exchanges. The head of Ripple, Brad Garlinghouse, expressed confidence that the company he leads will continue to develop even if the XRP token is recognized as a security in the United States. For the second year now, Ripple is suing former investors who accuse the company of distributing unregistered securities under the guise of XRP tokens. OMFIF, a leading think tank, said the Ripple blockchain and XRP could replace SWIFT in the long term. According to Credible Crypto analyst, XRP token could reach $ 25-30 in the long term.
The growth leader in the top ten cryptocurrencies is again the XRP token, which adds about 20%. XRP rose above $ 0.90 on some exchanges, after which it experienced a 30% decline in a few seconds. In the process, the cryptocurrency reached its highest point since May 2018. Coinbase users showed the greatest interest in it, as at the same time on other exchanges, including Bitstamp and Binance, the price remained below $ 0.80. In addition to XRP, Stellar (XLM) showed outstanding growth on Tuesday - its price rose 60% per day. On the weekly segment, Cardano (ADA) stands out, the value of which increased by 61%. Against this background, the bitcoin dominance index dropped to 60.8%.
Unexpectedly, the brightest spot among altcoins was the XRP token. The coin soared up 70% in a week, with the main growth in recent days. The coin has been very complicated for the past few years. Apparently, the especially strong oversold of this token ultimately played into his hands. If Bitcoin is about to reach its all-time high, then XRP is very far from the maximum price level (about $ 4), even after the recent jump. In addition, there is speculation that such aggressive growth may be associated with a bill from the US Office of the Comptroller of the Currency, which will prohibit banks from blacklisting legal competing industries, which may include Ripple's business, which aims to speed up and reduce the cost of bank transfers, while having all the necessary licenses and is subject to regulation.
Ripple (XRP) jumped 32% on Saturday, once again returning to the top 3 of the crypto market and pushing Tether (USDT) to fourth place. The XRP token has risen in price by more than 70% over the week (above $ 0.46), showing the maximum growth in the first hundred cryptoassets. At such levels, the cryptocurrency was trading two years ago, in November 2018. CoinGecko data indicate that in recent days, record trading volumes above $ 14 billion have been recorded on the XRP market.The capitalization of the cryptocurrency, for the first time since September 2018, reached $ 22 billion. Together with Other altcoins have risen well as well. Cardano (ADA) jumped 42% over the week, Litecoin (LTC) jumped 32%, Stellar (XLM) jumped 31%, Polkadot (DOT) jumped 26%.
Within the TOP-10 cryptocurrencies, it is worth noting the XRP price dynamics. The coin has grown by 6% over the course of the day and is trading at about $ 0.25. XRP rarely pleases its holders with growth, but forecasts from major analysts, including Credible Crypto, about the likely rise of the coin to $ 20-30 in the next bullish cycle could be an impulse to buy. It is difficult to imagine an XRP capitalization of more than a trillion dollars, because the value of all bitcoins is now below $ 200 billion.
Ripple's partner Bank Santander will not use XRP for international payments and is hesitant to include this cryptocurrency in its international payment network One Pay FX due to the low distribution of the token in the world.
XRP has long caused only apathy among cryptocurrency market participants, but after the news of the launch of the beta version of the P2P payment platform Payburner based on the token, it has sharply jumped to growth, having jumped 35% in the last 7 days. The token is still very far from the value at which many investors have “entered” it, but the upward movement that has begun may warm up the attention of new participants.
Once messengers defeated mobile operators on their own playing field, and now hardly anyone uses a regular phone for international calls. Cryptocurrencies are currently at a stage where the traditional banking sector, with its international transfers lasting several days, successfully opposes crypto projects with the support of governments. However, here the rules of the game will change, and who knows: maybe in a few years the banks will provide their infrastructure for cryptocurrency transfers, as now mobile operators give unlimited traffic for instant messengers?
I don't agree with people who complain about XRP's poor performance. Sure, it hasn't been showing some impressive gains over the last few months, but the price action of that coin allows traders like me, who trade on the 15-minutes/1-hour time frames for pocket some nice profits. Just looking at the current charts: XRP is recovering from the recent 20% dump much stronger than Bitcoin, so perhaps the skeptics are just being bias.
XRP is has been quiet lately, and not in terms of announcements or partnerships, but in the sense that traders are overlooking it for other options. At the moment we can expect XRP to continue its decline since there is no real reason to hold onto its asset. There will be a time to re-accumulate XRP in the near future, but not right now. Even alts like XLM - which is a hedge for XRP, is on the way down as well. Most large TA groups are calling for a significant drop in value for XRP as BTC continues its bullish movement.
XRP has once again fallen and is hovering roughly 30% from its ATL. This is crazy to think about since XRP is being actually used by real banks.It’s already completed its pilot phases and is being used to transfer client’s funds around the world. Although XRP isn’t as vocal as they should be (like XLM and IBM), they’re still getting loads of work done for the entire crypto space. XRP used to be hated amongst most in crypto, but now they are seen as a guiding light. These prices surely won’t last, and there’s no better time than now to buy boatloads of XRP.
Ripple is not going to make the huge gains evereyone thinks they are going to. Although they’ve basically been declared “not a security” because of the CB listing, we can’t assume that the SEC will see it the same way. I truly don’t believe XRP is done correcting, as it had a very positive time during the bear market. It’s up significantly from 6 months ago, so you really need to take this with a grain of salt when viewing the price. Zoom out and look at the 1 week charts, it’s not going up from here- but down.
Basically, XRP has been declared not a security. This is as bullish as it gets from Ripple, since it's been claimed to be a security for the last year. Coinbase listed them, and CB is one of the most, if not the most, regulated crypto exchanges out there. The statement they made from listing XRP echoed across all platforms and crypto communities. Not only does it mean that XRP isn't a security, it means it will be more appealing to retail investors that were scared away by the potential actions by the SEC.
I put a big investment into XRP because of the rumors circulating around it getting listed on coinbase soon. This has one of the biggest gains for me because I was down already 80% from the bear market on a lot of altcoins. XRP is probably one of the safest choices when it comes to these cryptos.
XRP getting listed on Coinbase was one of the biggest achievements for XRP because it means that it more than likely isn't a security. Coinbase is heavily regulated and strictly complies with regulators. Them listing XRP is a huge buy signal. It means that it isn't a security and will be more widely adopted. XRP is a hedge to institutions such as SWIFT, and is already being used by many banks across the globe.
Today I was thinking that XRP was looking slightly bearish. Now reading that OKex will be opening up a fiat pair with XRP has got me thinking the opposite now. Pair this with the overall market trend and I think we've got a winner.
At a very crucial time when we think the worse moment is over with Ripple (XRP). On the daily chart, we have seen ripple against bitcoin (XRP/BTC) forming a gravestone doji . The gravestone doji is a strong bearish reversal pattern that often leads to big further downward trend. This doji was formed as a result of the price that ran into the 50 day moving average but faced a strong rejection and was forced to decline below the 21 day exponential moving average. How does this effect Ripple (XRP)? Implication: It means that the professional traders and retail traders are not on the same page here. The uptrend we have seen in the market over the last 48 hours will most likely be over soon when the professional traders are done selling their coins to unsuspecting retail traders who believe this is the trend reversal they have been waiting for
XRP showed better dynamics than the market, adding more than 24%. for those who managed to buy and is in position, the right thing to hold it. For those who could not do this, it may be better to wait for the correction and buy the asset with the best profit / risk ratio.
* Crypto Rating accepts no liability for content of the XRP reviews made by the site users. The entire responsibility for the contents rests with the authors.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 91.2% | 14 | $97 120.80 | 1.47% | -4.26% | $1 922 913 246 903 |  |
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|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 72.8% | 53 | $3 374.08 | 1.33% | -13.19% | $406 420 244 825 |  |
|
| 3 |  USDT |
Tether predictions | 92% | 1 | $0.999647 | 0.06% | -0.02% | $139 823 454 932 |  |
|
| 4 |  XRP |
XRP predictions | 57.2% | 93 | $2.24 | 3.69% | -7.12% | $128 242 782 010 |  |
|
| 5 |  BNB |
Binance Coin predictions | 77.2% | 49 | $664.21 | 1.19% | -7.22% | $95 652 008 646 |  |
|
| 6 |  SOL |
Solana predictions | 73.6% | 44 | $184.86 | -1.88% | -16.74% | $88 613 972 176 |  |
|
| 7 |  DOGE |
Dogecoin predictions | 75.6% | 41 | $0.325086 | 9.30% | -18.69% | $47 883 056 419 |  |
|
| 8 |  USDC |
USD Coin predictions | 91.2% | 1 | $1.000177 | 0.02% | 0.04% | $42 923 136 620 |  |
|
| 9 |  ADA |
Cardano predictions | 73.2% | 57 | $0.917903 | 7.21% | -15.22% | $32 242 420 536 |  |
|
| 10 |  TRX |
TRON predictions | 59.6% | 80 | $0.244911 | 1.80% | -14.14% | $21 115 831 151 |  |
|
| 11 |  AVAX |
Avalanche predictions | 63.2% | 72 | $38.38 | 3.06% | -25.67% | $15 728 768 172 |  |
|
| 12 |  LINK |
Chainlink predictions | 62.4% | 81 | $22.76 | 2.62% | -24.53% | $14 522 027 756 |  |
|
| 13 |  TON |
Toncoin predictions | 70.8% | 54 | $5.31 | 1.12% | -14.27% | $13 551 805 422 |  |
|
| 14 |  SHIB |
SHIBA INU predictions | 66.8% | 61 | $0.000022 | 9.02% | -19.99% | $13 022 621 428 |  |
|
| 15 |  XLM |
Stellar predictions | 65.2% | 74 | $0.358892 | 3.92% | -15.90% | $10 848 548 349 |  |
