Ripple (XRP) performance
With the decline of Bitcoin at the end of 2017, the crypto-currency industry experienced a major negative surge in this industry. Blockchain has entered into agreements with big names in many banking sectors such as the remittance company, SBI and American Express. However, due to fluctuations in the crypto industry, this did not support XRP.
With the impact of market fluctuations, FOMO and industry announcements, the XRP closed the month of September with an increase of 67 percent, making it the best closing after April.
Ripple outperformed its competitors with a good performance of 5,000 plus coins and was the best performing crypto asset.
Bitcoin Cash (BCH)
In mid-August, XRP set a base range of around $ 0.25. He tested the level at the beginning of September. Only $ 0.35 to $ 0.37 for debts in the near term was raised.
Ripple CEO Brad Garlinghouse took action on September 19th after announcing RippleNet’s global expansion, a service that you can use to process international transfers and payments.
Ripple announced on September 17th that the XRP market would enter the market in October and announced that this entry would lead to a major rise in the XRP market.
Ripple, which has partnered with the PNC bank, announced that it has increased by 26.27 billion dollars in the XRP market since April.
In addition, content transfer services such as Youtube, Twitch, Coil and Wikipedia have also announced that content producers will make money using XRP.
The XRP value is currently trading at $ 0.54.
Ripple Price Analysis
Ripple price is valued against Bitcoin and the US dollar and will continue to rise above $ 0.5500 after a short-term decline. The XRP / USD has risen to exceed the $ 0.5800 and $ 0.6000 resistance levels. After a quick start to the week, with a downward adjustment, the price fell below the $ 0.5800 support level.
Moreover, the final wave was below the 50% fib retraction level. The price traded on the $ 0.5500 support due to buyers. There is also a rising trend line with $ 0.5555 support in the XRP / USD hourly chart. The pair is trading at a good value with an increase above $ 0.5550.
More than $ 0.5850 and $ 0.5900 can be achieved with a break. Recipients next target could be around $ 0.6000 and $ 0.6150.
Ripple Price Prediction
When we look at the most buying and selling coins among the crypto coins, we can see that Ripple started to come to the fore in this point. In fact, he is on his way to becoming the second biggest coin to be wondered. The main reason for this is; he had risen quickly and had doubled in value over a period of just two weeks. While Ripple has been performing in a horizontal manner for months, a sudden explosion has taken place in many news sites. In fact, when Ripple started in 2018, he had set himself the goal of being $ 2. Rippe’s year-end target in 2017 was $ 1. But thanks to a sudden jump, he managed to be at $ 2.5 a barrel before entering 2018. After this jump, many experts have revised their forecasts to $ 10 in 2014. The reason for raising the estimate to $ 10 is; TV, internet and other resources can be said to start to become more known and agreements with global banks.