It has been a very positive start to the week for all cryptocurrencies and digital assets. That in itself is rather surprising first and foremost, although it is also a positive overall trend. In the case of XRP, things are looking rather swell right now, as the gains continue to pile up across the board. The big question is whether or not the trend will continue throughout today.
XRP Price Surge Gains Momentum
Although there are plenty of XRP holders who expect their favorite digital asset to note some bullish momentum, it still comes at a most peculiar time. The year 2018 has seen more bear trends than positive runs, yet this last development may have some legs to it after all. It is still too early to say for sure what will happen in the coming days, but the current momentum certainly looks very bullish.
The past 24 hours illustrate that point perfectly. When looking at the XRP price, there is a net 16% gain in USD value, pushing the price to $0.337. There is also a 7.5% increase in BTC value, which gives users a good opportunity to increase their Bitcoin holdings. Both of these developments are facilitated by over $809m in trading volume. Sustaining this growth may be a challenge regardless of how positive things may look right now.
When looking across social media, it would appear things are looking somewhat promising for XRP as well. The recent tweet by Coinbase – which does not confirm the use of XRP, only further fuels the fire as to how the company should add this digital asset, according to the XRP community. An interesting statement, although it still seems unlikely Coinbase will commence trading of XRP in the near future.
— XRP Junkie 🇺🇸🇳🇿 (@ODLJunkie) December 18, 2018
In other rumor-related news, there is still a persistent group who firmly believes Ripple and Amazon will be joining forces pretty quickly. Although that wouldn’t necessarily lead to an XRP-related integration either, such a partnership can certainly help shape a promising future. Until either company makes an official announcement, there is still no truth to these rumors though.
Anyone else notice that brad seems to know a lot about Amazon, today he was bringing up a bunch of statistics on Amazon that I don't think is necessarily easy to find information on google, and for the past 2 years they have been using Amazon as the example on presentations
— Alex Cobb (@AlexCobb_) October 2, 2018
What is rather remarkable is how the eToro platform is suddenly getting some backlash on social media. Why that is the case exactly, has not been clarified by any of its users. Although switching between platforms is more straightforward in this industry compared to traditional banking, one would expect to see some brand loyalty to surface. So far, it seems a few users are bailing on the platform. Since no major incidents were reported, these incidents seem to be rather isolated right now.
Based on the current circumstances, it would appear the XRP price run might not necessarily run out of steam anytime soon. There is still a lot of positive momentum behind the scenes, although the Coinbase and Amazon rumors may end up hurting the momentum at some point. With solid gains in both the USD and BTC department, there is nothing to be overly concerned about as of right now. It will mainly depend on how long Bitcoin can remain in the green, which is another story altogether.
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.