Ripple (XRP.X) is trading at $0.48, down 1% from yesterday. Ripple price saw a good upside movement prior to encountering sellers near $0.52 against the US dollar.

What is the Ripple price forecast, i.e., prediction?

The changes in Ripple's price from uncertainty to $3.40 and then back to $0.49 today is a major concern. Ripple might be ring-fenced by its competitors because of the centralization issue.

If it is decided by the US Securities and Exchange Commission (SEC) that tokens are securities then Ripple would be subjected to laws different from those applicable to other tokens.

Anatoly Castella, CEO of Elpis Investments holds an opinion that Ripple is a fintech platform which combines the characteristics of fiat money and blockchain cryptocurrency because of which it should be considered as a digital fiat and not a cryptocurrency. SEC might create a separate regulatory framework for such digital fiats and support a sustainable ecosystem for digital fiat startups which are in a limbo state now.

Though Ripple bears the potential to become a digital asset owned by institutional investors in the long run, a short-term dip in the market value is likely to be seen if the SEC categorizes it as a security.

Here are the major technical indicators:

MACD has gained momentum in the bearish zone . MACD (moving average convergence divergence) is a trend-following momentum indicator that shows the relationship between two moving averages of prices. MACD is calculated by subtracting the 26-day EMA (exponential moving average) from the 12-day EMA;

. MACD (moving average convergence divergence) is a trend-following momentum indicator that shows the relationship between two moving averages of prices. MACD is calculated by subtracting the 26-day EMA (exponential moving average) from the 12-day EMA; RSI (relative strength indicator) is struggling below the 50 level. RSI compares the magnitude of recent gains and losses over a specified time period to measure speed and change of price movements of a security;

RSI compares the magnitude of recent gains and losses over a specified time period to measure speed and change of price movements of a security; A new major support level is forming at $0.47;

A new major resistance level is forming at $0.49.

Over the last 30 days, XRP.X lost -10.59%, which is 20.32 percentage points lower than the 30-day return of Bitcoin (BTC.X).

When it comes to most cryptocurrencies, miners create nodes on their network to process transactions. They are compensated for their efforts in form of mining rewards.

But the working of Ripple is different. It does not have miners or mining -- all transactions are powered through a ‘centralised’ blockchain and the parent company, i.e., Ripple Labs, which mines XRP all at once. Also, the company holds a major portion of the currency.