XRP Price Prediction and Forecast: Ripple settles down at a higher level

Originally tweeted by Mr XRP (@MrXRP6) on October 1, 2021.

#XRP/USDT daily chart:

Today is the 1st time since 26th July that XRP has pushed back up over 50 RSI level, since falling back below on the 7th September.

This is usually seen as a buy signal for traders.🙏

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Originally tweeted by Leonidas (@LeoHadjiloizou) on October 2, 2021.

This is wrong. The number is 800m.

Whale alert missed an escrow creation of 200m and this article was based on @whale_alert data.

This is the 200m XRP escrow that they missed:

https://bithomp.com/explorer/D346D26F08A5F1DDCB766247C371AA9223B46C5D9AF424BF414ED8F64D413A58

XRP SURGED TODAY As Bears CRY Themselves To Sleep | Uptober Is a GREAT Crypto Month

XRP Price Prediction and Forecast: Ripple Open to Settling XRP Case With SEC

Ripple’s chief executive Brad Garlinghouse said that his firm is open to settling its lawsuit with the U.S. Securities and Exchange Commission. However, he placed one condition for settlement. He said that Ripple would be ready to settle the lawsuit if the regulators clearly defines the regulatory status of XRP.

“To the extent we can find a constructive path forward with the SEC, we, of course, want to find that. There’s no scenario though that we’re going to settle unless there’s absolute certainty about what XRP is on a go-forward basis.

And it’s very clear that how Ripple is using these technologies, how many scores of other people in the community are using these technologies. They’re not securities. They do not represent an ownership in Ripple the company.”

Due to the ongoing lawsuit, XRP has suffered a lot. The exchange price slide is continuing and if it continues XRP maybe even below $0.8 by this weekend.

XRP Price Prediction and Forecast: Price Prediction for December 2021

XRP Price Prediction and Forecast: Is Coinbase Relisting XRP?

On the 9th of September, Coinbase Pro Exchange starting showing XRP trading pairs (XRP/BTC, XRP/USD, XRP/GBP, and XRP/EUR. Coinbase had previously removed XRP for trading on its platform due to the ongoing legal battle between XRP and Securities & Exchange Commission (SEC).

Due to this the price of XRP rose almost 13% but Coinbase denied the relisting rumors. After the clarification, the price of XRP again fell by 10%.

Coinbase through its Twitter handle wrote, “As previously announced, Coinbase has suspended trading in XRP. Due to a technical issue, XRP was temporarily viewable on the Coinbase Pro mobile app for some customers but was not tradeable.”

XRP Price Prediction and Forecast: What is XRP?

XRP is a cryptocurrency developed by Ripple Labs. Ripple Labs offers services related to payment settlement, asset exchange, and remittance systems. It was essentially designed to be a replacement for SWIFT, a leading money transfer network. In 2012 after Ripple became an open coin, it launched its cryptocurrency, XRP. The purpose of XRP was to serve as an intermediate mechanism of exchange between two currencies or networks.

XRP Price Prediction and Forecast: Difference between XRP and Bitcoin?

1. XRP is easy to mine or are pre-mined and its is much cheaper and faster to in terms of transaction. Bitcoin on the other hand uses a complicated system of mining. The mining cost and time taken to mine is higher and it may sometimes take many minutes for transaction to complete.
2. The supply of bitcoin is limited and it depends upon the miners when they release the coin in market whereas for XRP, Ripple plans the realease of coins in the market. A small contract is used to release XRP in market.
3. Transaction validation of XRP is done by Ripple network which uses unique distributed consensus mechanism to validate transactions. Bitcoin transaction validation requires huge energy requirement which is not good for the climate.

XRP Price Prediction and Forecast: How to Buy XRP?

Since September 2018, due to the US SEC lawsuit, the exchange price of XRP witnessed a massive downward trend. The crypto lost over 93% of its value and hit a new low of $0.26 on September 11, 2018. However, since then XRP has recovered but not on the expected lines as there is no settlement to the lawsuit against it. XRP’s pick was on Jan. 4, 2018, when the value of one XRP reached $3.84.

Here are few steps to buy XRP:

Choose a Crypto Exchange

Choosing an XRP exchange is quite tough as most of the exchanges have deleted XRP after the lawsuit.

Create your account with the Crypto Exchange

Once you have decided on the exchange, you will have to create an account that will require your personal details along with banking information. In most cases, you’ll deposit money from a bank account, like your personal checking or savings account. You can also generally complete wire transfers, use a debit card or deposit money from PayPal.

Fund Your Wallet

Once you have created your account, the next step will be to fund your wallet.

Buy XRP

Once you have funded your wallet, you can now use the wallet amount to buy XRP.

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