With plenty of uneasy market momentum mounting in the crypto industry, it remains to be seen how the coming hours will unfold. Most of the top markets remain in the green, albeit just barely. For the XRP price, there is nothing to be overly concerned about. Its minuscule gain in USD value is promising, and the status quo in XRP/BTC is being maintained without too many problems.
Although a lot of traders would love to see some major bullish momentum in the crypto industry today, it will not be happening. After yesterday’s minor sure, today is all about maintaining the status quo for most markets. That is never a bad thing, as less volatility is what the industry really needs at this time. Even the XRP value has remained nearly flat, although the community isn’t worried in the slightest.
Over the past 24 hours, there hasn’t been any notable XRP price change to take note of. A 0.4% increase in USD value brings the price to $0.316839. The 0% difference in XRP/BTC ensures the 8,114 Satoshi level can be maintained for a while longer. As long as XRP doesn’t lose value over Bitcoin, there should be no real price pressure to speak of.
On social media, there is still an ongoing war’ brewing between XRP supporters and Forbes and Bloomberg. Both media outlets are accused of spreading misinformation regarding Ripple and XRP. This debacle has been going on for over a week now, yet it seems no resolution can be found at this time. Rest assured this debate will spill over to the coming days as well.
@Forbes. Bloomberg , please educate yourself in the matter that you speak of. We defend #XRP because we are aware of its abilities. We HAVE to defend it due to the misinformation that gets spread by people like yourself.We believe in this and we will always defend it.#XRPArmy
— john c (@agheddon) March 6, 2019
ESFXRobo is confident there will be some promising momentum for XRP in the days and weeks to come. As long as the $0.31 level holds true, a further push to $.035 should not necessarily be too complex. However, there hasn’t been ay sign of a confirmed outbreak for XRP or any other currency, token, or asset. As such, any scenario remains in play for now, although a decisive sign would be appreciated.
— ESFXRobo XRP-HODL 📈 (@ESFXRobo) March 6, 2019
Although it has seemingly gone by almost unnoticed, there is now a song about XRP on YouTube. It has been “watched’ over 10,000 times already, which is rather interesting to take note of. Songs themed around cryptocurrencies, tokens, or assets are always interesting, even though they hardly ever remain relative for very long. Even so, it is another way of getting people excited about this asset.
— XRP THEME SONG (@favfa) March 6, 2019
All things considered, it seems as if XRP is performing as expected. The lack of bullish momentum – or a bearish trend – is something to keep in mind at all times, albeit it doesn’t have to be a negative thing by any means. With all top markets still fractionally in the green at the time of writing, there is plenty of reason to be cautiously optimistic.
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.