As all cryptocurrency markets remain on shaky legs first and foremost, one has to wonder how this situation will evolve. It is evident there may be further losses in the coming days, rather than actual gains. As has been apparent for some time now, the XRP price tends to hold its own quite well despite this pressure. Maintaining a value above $0.4 should not pose too many problems.
XRP Price Stability Remains in Place
It is quite interesting to see how different crypto and digital assets respond to the overall market conditions. In the case of Bitcoin, it fluctuates quite significantly and has a tendency of dragging all other cryptocurrencies with it. One notable exception is XRP, which often seems to be doing it sown thing regardless of the overall market conditions. That also means this asset is, in general, far more stable than traditional cryptocurrencies first and foremost.
alue Remains Near $0.44Over the past 24 hours, the XRP price hasn’t moved in any direction to take note of. While there is a 0.7% setback in USD value, the asset also gained 0.1% on Bitcoin. This seems to confirm XRP will remain above $0.4 for some time to come, albeit a push to $0.45 may not necessarily materialize either. Some people would call this a boring market, but a lot of enthusiasts prefer stability over volatility these days.
Looking across social media, it seems Ripple Mark wouldn’t mind seeing a big XRP price uptrend in the coming years. While the short-term predictions are all over the place right now, there is a very real chance this asset – as well as most cryptocurrencies – will undergo a major bull run in a few years from today. That would something to look forward to, for obvious reasons.
If you hold XRP, you are that early to the party you are like mark zuckerberg's grandmother waiting for facebook to take off!! #xrp #btc #ripple #xrp #etn #cryptocurrency #XRPcommunity #xrpthebase https://t.co/Gu5ULMiwwa
— Christopher Gordon Football (@markconnelly101) November 22, 2018
For those who are seeking riches in the crypto and digital asset industry, buying XRP and forgetting about it for a few years may be an option worth looking into. It is certainly true the stability of XRP and its potential to rise in value rather quickly make it a bit more appealing than some traditional cryptocurrencies. It is all about keeping the bigger picture in mind when dealing with these types of assets.
There are also those who would like to see XRP gain more recognition across current and upcoming platforms. As Mawsh Mallow explains, adding XRP to Bakkt would certainly be an interesting development, although it seems unlikely that new platform will take such a big gamble at the initial stage. When Bakkt launches in January, they will have to see how things go for this company.
— The All Father 👁 (@skeepy_boo) November 22, 2018
All of the current market momentum seems to indicate sideways trading will be the fate of XRP first and foremost. At the same time, the short-term price predictions show interesting things are bound to happen in the near future, either for better or worse. It remains an interesting market to keep an eye on regardless, especially because its trading volume seems to be on the rise.
Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.