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XRP Price Prediction: What to Expect in the Next 48 Hours

Cryptocurrency Jan 24, 2023 09:30AM ET
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XRP Price Prediction: What to Expect in the Next 48 Hours
 
XRP/USD
-1.49%
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  • XRP’s price is down 1.06% over the last 24 hours.
  • Technical indicators on XRP’s daily chart are skewed towards bullish.
  • The 4-hour chart for the remittance token suggests that the market awaits the next move.

Ripple is a technology that acts as both a cryptocurrency and a digital payment network for financial transactions. It was first released in 2012 and was co-founded by Chris Larsen and Jed McCaleb.

Ripple’s main process is a payment settlement asset exchange and remittance system, similar to the SWIFT system for international money and security transfers, which is used by banks and financial middlemen dealing across currencies.

The token used for the cryptocurrency is premined and utilizes the ticker symbol XRP. Ripple is the name of the company and the network, and XRP is the cryptocurrency token. The purpose of XRP is to serve as an intermediate mechanism of exchange between two currencies or networks – as a sort of temporary settlement layer.

InstrumentPredictionConfidence (%)Date Range
XRPUSDSELL 53.61 2023-01-24, 02:00:00 – 2023-01-26, 02:00:00

GRW Market Analysis Software signals XRP as a sell(Source: GRWCoin)

The GRW ...

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XRP Price Prediction: What to Expect in the Next 48 Hours
 

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