Ripple Cto Explains The Xrp Ledger Says People Have Misconstrued Decentralization

XRP Could Rise By 175% Under One Condition

Ripple and XRP had a successful year, and the two entitites continue to make headlines just ahead of the New Year’s Eve as well.

There’s a popular crypto analyst who released a new forecast for XRP.

Michaël van de Poppe stated that XRP might be forming a pattern that is similar to one that played out in December of 2015 when the digital asset hit a bottom before surging back in January of 2016.

“Honestly, I believe that we’re looking at the market cycle similar to the period we’ve experienced in December ’15 and January ’16. Yes, the market is completely different than back then, but market cycles tend to move the same way given market psychology and the human being,” he said.

He continued and explained that “One difference; they move on new price levels… The reason for it to take longer now -> markets mature and therefore take a longer time period to start cycling again.”

XRP’s new line of support

The analyst warns that XRP’s new line of support is in the $0.14 and $0.17 range.

He said that if the crypto breaks below the level, serious issues will follow.

“Given the sentiment on Ripple, but the amount of things they develop and progress, I’ve no doubt people only expect further downside. If we lose blue, then we’ve got some serious problems going on, however, the pattern is once again similar to the one in 2015 -> not expecting.”

At the moment of writing this article, XRP is trading in the green and the coin is priced at $0.194582.

IBM may be exploring Ripple and XRP

In other news, it’s been reported that there’s a profile on LinkedIn that’s going viral with Ripple and XRP community.

As Ibm Continues Its Talks With Major Us Banking Institutions We Ask The Question Is The End Near For Ripple 696x449

IBM solutions architect Viral Shah based in Mumbai seems to be working on a PoC that uses Ripplenet. According to his profile, it’s been revealed the following:

“Performing POC on RippleNet Blockchain implementation for Bank. Interacting with various team and client to gather information and drive various solutions.”


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