News Minor Dip Fails to Trigger XRP Price Instability

Minor Dip Fails to Trigger XRP Price Instability

-

- Advertisment -

During this somewhat unruly cryptocurrency and digital asset market trend, there are interesting changes taking place. In the case of XRP, things are still looking pretty good, even though there are losses in both the USD and BTC segment. That in itself, while worrisome for any other market, only further strengthens the illusion of how stable this asset can be during volatile periods.

XRP Price Continues its Trend

Throughout the second half of 2018, it has become more than clear XRP is a stable market. It is not a stablecoin by any stretch of the imagination, but it tends to hold its value quite well. Even right now, there are no real changes to speak of. One XRP is still valued at nearly $0.36, or 9,095 Satoshi. Both values are more than respectable, under the current circumstances.

It is due to this lack of change the XRP price remains so stagnant. While there is a 1.6% deficit in USD value and a 0.8% drop in BTC value, there is nothing to worry about just yet. In fact, one could argue the uptrend for XRP is still in effect despite this temporary setback. This asset was valued at $0.29 not that long ago, thus the current value seems more than acceptable.

Another big reason why Ripple’s native asset remains so popular is due to the strong community supporting it. XRPBoy, while clearly a fan of this asset considers it to be the cheaper, faster, and safer option in the financial industry as a whole. That doesn’t mean its value will appreciate in the coming weeks and months, although these are valuable traits to keep in mind.

The big news of the day comes from TokenPay. This company is launching a new decentralized exchange which offers full XRP support through custom-built wallets. It is also running on top of Tor, which can make for an interesting offering all things considered. It is also another platform rolling out XRP support, which is pretty interesting.

There are still plenty of people who remain hopeful XRP is getting listed on the Coinbase platform fairly soon. This rumor has circulated for quite some time now, yet the company is not too keen on exploring options in this regard at this time. That is only normal, as the SEC has not confirmed XRP is not a security. Even so, one can keep the hope alive that someday, things may change.

As the weekend trucks along, it seems unlikely any major XRP price changes can be expected. There will be some bearish momentum for now, although it can turn into very minor bullish momentum fairly quickly. All markets are going through a dip right now, although no spectacular changes will materialize, by the look of things.


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.



Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Top 8 Potential Cryptocurrency Business Ideas for 2021

Which word comes into your mind when you hear or think of the word ‘cryptocurrency’? It might...

3 Important Reasons to Have AML for Cryptocurrency Business

In this article we are going to examine the 3 most important reasons to Have AML for...

Use of Smart Cards in Blockchain App Development

Ever since blockchain technology made a major breakthrough all over the globe, experts and forecasters have been...

IMF: Risk of substitution of domestic money by central banks’ digital currencies

Central banks around the world began looking closely at the issuance of their own digital currencies, known...
- Advertisement -

Ripple: The cryptocurrency that will ‘change’ the world in 2020

Ripple could say he's a child of Bitcoin: In December 2017 Bitcoin hit a record price in...

Spain approves Crypto Holdings disclosure bill from cryptocurrency holders

Spain approves Crypto Holdings disclosure bill from cryptocurrency holders. Spain's government has reportedly approved...

Must read

- Advertisement -

Read Next
Recommended to you