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#Ripple Price Analysis

Why Ripple investment is great for 2018.

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Ripple, due to its unimaginable use cases, the professionals predict it to be the next Bitcoin. Therefore, Ripple investment 2018 is not a bad option.

Ripple Investment 2018: Reasons to support.

Intro

The Blockchain technology, as well as the cryptocurrencies, undoubtedly have certain loopholes which get dominant only when the network seems to experience a congestion due to the high influx of transactional traffic. Therefore it is highly challenging for the professional experts within the cryptocurrency domain to judge a particular Blockchain project during its initial days, as the loopholes only become evident during tough times. However, various Technologies in the cryptocurrency domain has been adopted, in order to tackle the scalability as well as security bottlenecks, which has haunted the crypto space for a long time. Let us understand Ripple Investment Opportunity.

 

Ripple Investment 2018

Ripple is one such cryptocurrency coin initiated in the year this much by Chris Larsen which absolutely is dedicated to transforming the way the current financial system works including major banks of the various countries. In a nutshell, it provides a real-time gross settlement system of settling the transactions, accounting to 200 times more scalability than provided by the traditional Visa or MasterCard. In particular the amazing transactional speed and reduced transactional cost as made it one of the mainstream cryptocurrencies being utilized in various financial domains across the world.

 

Why Ripple Investment 2018?

According to various financial experts, Bitcoin has somewhat reached its saturation stage and not the much higher percentage of return on investment can be expected from Bitcoin. But Ripple, due to its unimaginable use cases, the professionals predict it to be the next Bitcoin. Also, the low price of Ripple can be taken advantage of by the investors as well as traders in order to gain a huge amount of return on investment as the cryptocurrency is capable enough. Therefore, Ripple investment 2018 is not a bad option.

Further development of Ripple

Ripple has consistently been adopted by some of the major banks as well as financial institutions throughout the world, keeping scalability, security, as well as low transaction fees in mind. The cryptocurrency platform has also collaborated with some of the major companies throughout the world which have probably undergone an agreement to incorporate the Ripple payment system within their ecosystems. Payment companies like MoneyGram and Mercury FX have incorporated ripple in the settlement systems in the form of xRapid. Such collaboration with the major companies of 2018, indicates that 2018 has become synonymous with Ripple investment 2018.

 

Is Ripple Centralized?

However, the cryptocurrency blockchain platform has been under constants speculations within the cryptocurrency in the domain as the entire Blockchain project is completely Centralized in nature. However, all such speculations are just myth, as the certain amount of Ripple is released every month, which is held by the escrow account of the public ledger and not by the company. Therefore, the release of coins is not controlled by the company but is automated within the Ledger itself. Therefore, if the Ripple Labs turns out to fake, then this would certainly make no difference to the Blockchain domain, in particular, Ripple. Therefore, one must consider Ripple Investment 2018.  

 

Should we really consider Ripple Investment 2018?

Investing in ripple would be a great choice if the user is looking out for a long-term investment. Its collaboration with some of the amazing companies makes it one of the only cryptocurrency blockchain platform to be highly appreciated and promising. the price of the cryptocurrency blockchain platform is around 0.34 dollars at the time of this writing. The professional experts within the cryptocurrency domain also predict that the coin might reach up to $3 levels within the completion of 2018. Therefore, it becomes an obligation to each and every investor to Ripple Investment 2018. The cryptocurrency platform also entails some of the amazing team members with an amazing determination to drive the crypto market.

 

Conclusion

Nevertheless, all the crypto investments are highly subjected to various kinds of market forces apart from the fundamental forces of demand and supply. Éach and every individual looking for Ripple Investment 2018 must make an effective background research on the project and must stage only the amount of funds that he/she is willing to lose. The unpredictability and the volatility are 2 of the main reasons that one can quote for this.

#Ripple Price Analysis

XRP to USD, 15th May: Ripple Price Analysis, Can it rise ahead?

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Ripple price remained bullish after rising above $0.4000 level and is currently up against both USD and BTC. XRP is well settled over $0.4200.

Technical Indicators:

Support Levels: $0.4220, $0.4200, $0.4000

Resistance Levels: $0.4400, $0.4500, $0.4600

 

Key Points:

  • Ripple price gained more than 15% in the last 24 hours before correcting a few points downwards.
  • XRP broke above $0.4220 resistance level and even moved over the $0.4300 resistance level to record a new yearly high around $0.4480.
  • A bullish pattern is being formed on the hourly chart with the support at around $0.4080.
  • The current momentum seems positive and Ripple price might soon test $0.4600, $0.4800 and $0.5000 levels.

Ripple Price Analysis:

SUMMARY: Ripple price remained bullish after rising above $0.4000 level and is currently up against both USD and BTC. XRP is well settled over $0.4200 and will most likely move above $0.4500 and $0.4600 levels soon.

 

Ripple price started a sharp bull run after breaking through $0.3500 resistance level. The bulls were able to move XRP price above many resistances such as $0.3700 and $0.3800 and the price even settled above the 100 hourly SMA. XRP has recorded a gain of more than 40% in just 3 days. Ripple price recently broke above $0.4000 level above which the bulls got ever stronger.

XRP broke above the $0.4200 resistance level to record a new yearly high at around $0.4480. Ripple price is currently supported at around $0.4220 which was the previous resistance zone. Below this, XRP is supported at $0.4200 and $0.4000.

The current resistance is at $0.4500 level above which Ripple price might test the $0.4600, $0.4800 and even $0.5000 levels in the coming few days. However, if XRP moves below $0.4000 level, the overall momentum might turn bearish.

 

XRP to USD Price Chart 15th May

XRP to USD Price Chart 15th May

The chart shows that Ripple price is currently trading with a bullish momentum above $0.4200 support level. If the bears start to act, XRP might soon fall back below $0.4000 level to turn bearish. However, as long as Ripple price remains above $0.4000 level, it might soon test $0.4500, $0.4800 and even $0.5000 levels in the next few days.

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#Ripple Price Analysis

XRP to USD, 14th May: Ripple Price Analysis, Are the bulls back?

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Technical Indicators:

Support Levels: $0.3650, $0.3550, $0.3500

Resistance Levels: $0.3750, $0.3800, $0.3900, $0.4000

 

Key Points:

  • Ripple price surged massively breaking above $0.3150, $0.3200 and $0.3300 resistance levels.
  • XRP was even able to break and settle above the $0.3500 resistance level and even tested the $0.3750 resistance.
  • Ripple price recorded a high at $0.3778 and is currently gaining force in order to move towards $0.4000 and $0.4200 levels.

 

Ripple Price Analysis:

SUMMARY: Ripple price gained bullish momentum over the $0.3500 level. XRP is currently trading well above $0.3650 and moving towards $0.3750 and $0.3800 levels.

 

After being able to close above the $0.3000 resistance level, Ripple price started to surge massively following the bitcoin surge. The bulls were able to break above $0.3100, $0.3200, $0.3300 and even $0.3500 resistance levels very easily with XRP gaining more than 21% in the last 24 hours. The major bull run started after XRP closed and settled above $0.3200 and the 100 hourly SMA.

 

Ripple price soon moved over the $0.3550 and $0.3600 resistance levels and tested and moved over the $0.3750 resistance level to record a high at $0.3778. At this point, the sellers started to emerge and XRP corrected a few points downwards. However, it is currently well supported around $0.3650 and $0.3550.

 

On the downside below $0.3550, Ripple price is well supported at $0.3400 and $3200 levels. The current resistance lies around $0.3750 and $0.3800 above which XRP will most likely test the $0.4000 and $0.4200 levels.

 

XRP to USD Price Chart 14th May

XRP to USD Price Chart 14th May

The chart shows that XRP is clearly in a bullish momentum over the $0.3500 support level. There are high chances for Ripple price to soon test and move above $0.4000 and $0.4200 levels.

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#Ripple Price Analysis

XRP to USD, 13th May: Ripple Price Analysis, What’s Next?

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Ripple price picked up bullish pace above $0.3200 level. XRP is currently well supported at $0.3100 and it will likely move towards testing $0.3300 level.

Technical Indicators:

Support Levels: $0.3100, $0.3000

Resistance Levels: $0.3220, $0.3300, $0.3400

 

Key Points:

  • Ripple price started to rise upwards and broke above $0.3220 resistance zone.
  • XRP even broke above $0.3300 level tested the $0.3400 resistance level where a lot of sellers appeared and Ripple price started to correct downwards.
  • A bullish pattern is being formed on the hourly chart with the support at around $0.3100.
  • There are chances that XRP might test the $0.3220 and $0.3300 resistance levels soon.

 

Ripple Price Analysis:

SUMMARY: Ripple price picked up bullish pace above $0.3200 level. XRP is currently well supported at $0.3100 and it will likely move towards testing $0.3220 and $0.3300 levels.

 

Ripple price followed bitcoin this week and broke above $0.3100 resistance level to move into a positive zone. XRP was also able to break above $0.3220 resistance level. The bulls were able to move Ripple price above the 100 hourly SMA and $0.3350 level. XRP even tested the $0.3400 resistance level where a lot of sellers were placed and XRP started to correct downwards. Ripple price declined sharply and moved under the $0.3300 and $0.3200 support levels. XRP even tested the support at around $0.3050.

Currently, Ripple price is trying to gain momentum above the $0.3100 support level. The current resistance is around $0.3200 and $3220 levels above which XRP might test the $0.3300 and $0.3400 levels. Also, $0.3100 is currently acting as strong support below which Ripple price might test $0.3050 and $0.3000 levels. A bullish pattern is also being formed on the hourly chart with the support at around $0.3100.

 

XRP to USD Price Chart 13th May

XRP to USD Price Chart 13th May

The chart shows that Ripple price is currently well supported on the downside at $0.3100, $0.3050 & the 100 hourly SMA. As long as XRP is above the 100 hourly SMA, there are chances of a fresh bull run.

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