Category Archives: Ripple
XRP’s expansion into China had been arguably the best Ripple news this summer, but now it seems insignificant amid rumors that Chinese regulators will close domestic cryptocurrency exchanges.
Although rumors of this supposed crackdown have been swirling for days, they were given fresh life by a report in The Wall Street Journal.
Based on anonymous sources, The Wall Street Journal is reporting that Chinese authorities are frustrated with the “disorder” of cryptocurrency markets.
Considering that similar frustrations led to the banning of.
The post Ripple Price Forecast and Analysis – September 13, 2017 appeared first on Profit Confidential.
In the last 24 hours, XRP prices jumped roughly 6.57% against the U.S. dollar and near 4.77% against Bitcoin to reach a level of around $0.217847. It was a happy reprieve from the weekend bloodshed in cryptocurrency markets.
None of the previous Ripple news—much of it bullish—could quell the market reaction to China’s banning of initial coin offerings (ICOs). Upon hearing that the world’s largest market would audit or close certain exchanges, investors responded with panic and doubt.
Despite this, Ripple prices are up approximately 6.02% from seven days ago,.
The post Ripple Price Forecast and Analysis – September 11, 2017 appeared first on Profit Confidential.
Yesterday brought more bad Ripple news for the bank-friendly cryptocurrency.
XRP prices fell 16.6% (at the time of writing) to $0.219886, marking the third day of consecutive losses in an otherwise positive week. Despite the damage, Ripple is still up 38.6% for the week.
It is likely that by cashing in their gains, some investors set off a chain reaction that led to the precipitous fall. However, the long-term factors propping up the Ripple price prediction remain intact, as was highlighted by the announcement of its upcoming conference: Swell.
The post Ripple Price Forecast and Analysis – August 25, 2017 appeared first on Profit Confidential.
Yesterday, Ripple prices took a minor hit as investors extracted profits from earlier trading. The momentary sell-off was necessary to expunge fickle speculators, but it also ended a hot streak of Ripple news by adding red ink to the cryptocurrency’s price chart.
It’s doubtless that some analysts will claim the fall was “unpredictable.” But it doesn’t take a rocket scientist to understand the dynamics of herd behavior.
The rate of Ripple price growth was accelerating at a dangerous level, or to put it in visual terms, it was getting absurdly steep. Like.
The post Ripple Price Forecast and Analysis – August 24, 2017 appeared first on Profit Confidential.
Victory laps are obnoxious, but sometimes they are needed for posterity. Since our Ripple price prediction explicitly forecast the current surge in XRP prices, we believe this situation certainly qualifies.
Ripple prices jumped 60% yesterday as more than $2.0 billion worth of XRP tokens changed hands. It was a dramatic turnaround from the previous week, in which prices were sliding into double-digit losses.
The XRP/USD exchange rate nearly doubled, from $0.154259 a week ago to $0.286997.
The XRP/BTC rate, which is composed of money already in the crypto.
The post Ripple Price Forecast and Analysis – August 23, 2017 appeared first on Profit Confidential.
As forecast in our Ripple Price Forecast and Analysis – August 21, 2017, the market could not remain oblivious to Ripple news forever. XRP prices surged 25% yesterday, returning the beleaguered cryptocurrency to levels not seen since late July.
Ripple was firmly lodged at $0.191714 at the time of writing.
Moreover, the XRP/BTC exchange rate continued to outperform the XRP/USD. Ripple gained 29% against Bitcoin, suggesting that even if investors are willing to walk away from BTC, they want to remain in the crypto market.
This is also evident in BTC dominance,.
The post Ripple Price Forecast and Analysis – August 22, 2017 appeared first on Profit Confidential.
Is Ripple entering the Chinese market? Is Alibaba Group Holding Ltd (NYSE:BABA) secretly running a validator node? What impact would it have on the Ripple price prediction? So many questions, so little time.
Last week was essentially this—a ton of Ripple news without enough time for the market to digest it. To make matters worse, the story about China came out in dribs and drabs, leaving investors with more questions than answers.
That said, we noticed a few positive signs for Ripple prices.
XRP/BTC is doing better than XRP/USD.
In the last 24 hours, Ripple is up 1.26% against Bitcoin. By contrast, it only advanced 0.64% against the U.S..
The post Ripple Price Forecast and Analysis – August 21, 2017 appeared first on Profit Confidential.