It would seem as if the top cryptocurrency and asset markets are poised for a minor breakout. Although no spectacular changes should be expected at this time, it is evident the momentum may be taking a turn for the better. As far as the XRP price is concerned, minute gains have surfaced across the board. This is a very promising sign, although the market is far from bullish right now.
Small XRP Price Uptrend Has People Excited
There is still a firm believe among XRP community members as to how their favorite digital asset will see a bullish year in 20198. It is still a bit too early to tell whether or not that will be the case. After all, the year hasn’t been off to a good start so far. Even so, today may show there is some room for cautious excitement in the end. Small gains can be noted where XRP are concerned, although the overall trend remains rather bearish regardless.
Over the past 24 hours, there has been a minor XRP price uptrend to take note of. Following a 0.05% gain in USD value and a 0.47% gain in XRP/BTC, one XRP is now valued at $0.322. On the BTC front, the 9,000 Satoshi level still hasn’t been retaken. That is not necessarily a big surprise, as it is expected this level will act as resistance. Even so, all it takes is gaining another 5 Satoshi to break the resistance down.
There is no real big news involving XRP today, although it seems interesting developments are brewing behind the scenes. More specifically, a few Asian banks will utilize a blockchain-based prototype developed by R3. It will run on the Corda DLT platform, which is currently using XRP for its settlement asset in some cases. This development seemingly has a lot of people excited right now, although further specifics remain unclear for now.
Standard Chartered Bank (Thai), &
The Hongkong and Shanghai Banking Corporation Limited.
“The prototype will be built on Corda, a DLT platform developed by R3.” – Corda used #XRP as the settlement asset.
— Tiaan Fourie (@fourietiaan) January 21, 2019
Jiltz is seemingly in the process of keeping a detailed daily log of XRP activity. In today’s entry, the user is worried about how some holders are allegedly cashing out XRP in search of Dogecoin riches. While this may be a mere jest first and foremost, it wouldn’t be surprising to see some holders switch their allegiance in search of profits. After all, cryptocurrency is about making money first and foremost, regardless of successful projects.
Day 378: Dear journal, morale is low amongst the troops. Negativity swells like a pestilence and many have gone insane. Tales of disillusioned delirious souls cashing out of XRP and buying into Dogecoin are now rife among the trenches.
May God have mercy on their souls ??
— ⚡️Jiltz ⚡️ (@Jiltz_XRPeeps) January 21, 2019
In the real world, one often hears how moms usually have the best advice at all times. For XRP, that situation is no different. A Twitter account known as XRPMOM claims now is the time to sit back and wait, rather than making baseless price predictions. The technology will pave the way for XRP adoption in the future, So far, it seems things are off to a good start, although this won’t necessarily help in terms of dealing with fewer price predictions moving forward.
We all should just sit back and wait and stop all these damn predictions …If u believe a company has the tech to change and be mass adopted i dont care when ?♀️? #XRP #xrparmy #xrpcommunity #goodmorning
— XRPMOM (@xrpqueen17) January 21, 2019
All of these signs seemingly point toward a pretty bright short-term future for XRP. Although the price might not necessarily shift that much in the coming hours, any small uptrend will be more than welcome under these circumstances. For the time being, it is advised to remain cautious when approaching this market first and foremost. Anything can happen in the coming hours, yet no one knows for sure how these markets will evolve in the coming hours and days.
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.