XRP Price Loses the $0.29 Level as Bears March Ahead

By -
NullTX XRP price Support Seekig

Although it seemed as if Bitcoin was making some sort of recovery today, that positive momentum has evaporated once again. This also affects all other top markets. One of the first victims comes in the form of the XRP price, which has dropped below $0.29 in the past few hours. Once again, investors will not be too pleased with the way things are going as of right now.

XRP Price Momentum Lacks Improvements

The year 2019 is not going down in the history books as a profitable one for cryptocurrency traders. It is equally as bearish as 2018 was, even though the overall value declines are still relatively small. The main question is whether or not the total market cap can remain above $100bn this year. So far, that scenario looks less and less plausible by the minute. It also seems the XRP price will not go through a positive spell any time soon.

Over the past 24 hours, there has been minor positive momentum for XRP. In the past hour or so, however, it has turned into a net loss across the board. This latest 1% drop in both USD and BTC value drives the value below $0.29 and also below 8,400 Satoshi. Neither of these developments is positive, as XRP usually gains on Bitcoin when the world’s leading cryptocurrency is losing ground.

There is some positive news to note, albeit it will not necessarily impact the price is any real fashion. It would appear Ripple managed to sell a fair share of XRP to institutional clients and partners throughout 2018. The fourth quarter of last year has been pretty solid in this regard, which seemingly confirms there is a growing interest in this asset by companies effectively looking to use it.

The second bit of interesting news comes from Uphold. This trading platform is seemingly using the XRP Tip bot on Twitter, which is pretty interesting in its own regard. The company also holds quite a supply of XRP in their reserves, which further adds to the transparency of the platform. If only other platforms would follow this lead by example, the cryptocurrency and digital asset industry would become a lot better.

Charles is getting quite depressed by both XRP and the overall cryptocurrency ecosystem. As the declines continue to pile up every single week, there is no real reason to be optimistic. Nor is it a reason to be depressed, as things will turn around eventually. When that will be exactly, remains to be determined.

How all of this will look in a few days from now is very difficult to predict. Although a lot of positive developments are happening behind the scenes, it would appear nothing can effectively make the prices budge in a positive manner. Al minor uptrends are turned into negative trends pretty quickly and that pattern will not necessarily change in the near future either.

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.

Image(s): Shutterstock.com

The post XRP Price Loses the $0.29 Level as Bears March Ahead appeared first on NullTX.



January 30, 2019 at 02:42AM

Comments

Post a Comment

Popular posts from this blog

8 Key Tips That Every Single Cryptocurrency Trader Needs to Know

By -
Image
Even though we’re now several years into cryptocurrency becoming somewhat mainstream, although the hype has worn off, the digital, decentralized monetary format is still very much a big earner for people around the world, more commonly known as cryptocurrency traders. As a cryptocurrency trader yourself, you’ve probably witnessed the highs and lows of the market yourself, or even if you’re just getting started, you’ll look for the best way to make a start. With this in mind, today we’re going to help you get going. Below, we’re going to explore eight essential need-to-know tips to help you make the most in your cryptocurrency trading career, ensuring you have the best and most profitable experience. #1 – It’s Just Getting Started Although lots of people have heard of Bitcoin or might have seen it on the news, it’s not fully integrated into society just yet, and there’s only a real minority of people out there who actually use cryptocurrencies daily. That means there’s so much roo
Read more

Over 20% of Institutional Investors Already Exposed to Cryptos, Survey by Fidelity Reveals

By -
Image
22 percent of institutional investors already have exposure to digital assets. This is according to a new report by Fidelity Investments, one of the largest asset managers in the world. The report goes against many crypto skeptics who have been quick to state that institutions are no longer interested in digital assets. The survey polled 441 institutional investors between November last year and February this year. Interestingly, this was a time in which cryptos hit their lowest levels. Nevertheless, institutional investors remained unfazed, with interest in digital assets never really dwindling. Tom Jessop, the president of Fidelity’s digital assets division explained, “We never saw a decline in interest or sentiment during the crypto winter.” The survey revealed that 47 percent of institutional investors view digital assets as “having a place in their portfolios.” The investors, who include crypto funds, also disclosed their preferred investment methodology. 72 percent prefer to
Read more
By -
Image
INTRODUCING "DEEP WEB" THAT LIES BEYOND GOOGLE   The entire expanse of the Internet, going well beyond what you surf every day, is only the tip of a massive iceberg, the size of which is too vast to be known. Far beyond searching the Web with Google or chatting with friends on Facebook, there’s a dense maze of websites that exist out of view, though for how long that will be true is unclear. When most users log on to the Internet, they visit their bookmarked pages or use Google to search for sites that can provide the information they’re looking for. That Internet, used by billions around the world every day, is sometimes known as the  Surface Web , or the Clearnet, as coined by Tor and other anonymous online users. The Deep Web, simply put, is everything else. It’s made up of tens of billions of sites that are hidden within a universe of code — various estimates have put the Deep Web at anywhere from five to 500,000 times the size of the Surface Web.
Read more