It is still too early to determine whether or not all cryptocurrency markets will remain in the green for a while. The way things look right now, all markets look particularly healthy, even though we see some assets make major moves as we speak. If the XRP price is any indication, we may see some wild swings over the next few hours and days. With a strong 53.09% gain, the XRP price is back at $1.21 once again. XRP Price Bounces Back Strongly It has to be said: the cryptocurrency community has no love lost for Ripple or their XRP
It is still too early to determine whether or not all cryptocurrency markets will remain in the green for a while. The way things look right now, all markets look particularly healthy, even though we see some assets make major moves as we speak. If the XRP price is any indication, we may see some wild swings over the next few hours and days. With a strong 53.09% gain, the XRP price is back at $1.21 once again.
XRP Price Bounces Back Strongly
It has to be said: the cryptocurrency community has no love lost for Ripple or their XRP asset. That is not entirely strange, considering this is not a typical cryptocurrency whatsoever. Even so, the people who enjoy making good money will acknowledge the XRP price is doing just fine and makes for a solid investment opportunity. More specifically, the XRP price has over doubled in the past four days, which is rather impressive.
As is the case with all cryptocurrencies and digital assets, the XRP price has taken a major dip in the past week. With the XRP price dropping from $0.93 all the way to $0.59, it has become evident these markets will always remain volatile. It is this volatility that attracts so many different people, especially those looking for a quick profit. Unfortunately, the short-term holders still vastly outweigh those who are in it for the long run, but it seems that situation may come to change where XRP is concerned.
With a solid 53.09% gain in USD value over the past 24 hours, the XRP price is back above $1.2 for the time being. It is still a long way away from the all-time high of $3, which was reached a few weeks ago. Whether or not we will see the XRP price return to such a high value in the near future, remains to be determined at this point. There is also a very strong 37.75% gain over Bitcoin, which will help propel the XRP price to new heights if this trend keeps up.
Thanks to $3.89bn in 24-hour trading volume, things are looking pretty good for XRP right now. There is a mounting demand for exposure to this particular asset, even though it is not a traditional cryptocurrency by any means. A lot of investors see the merit of what XRP brings to the table and they want to get in on the action. With ZebPay adding XRP as well, it will be interesting to see how this particular market evolves in the weeks and months to come.
Unsurprisingly, the majority of XRP trading volume comes from the Bithumb exchange. In fact, all major Korean exchanges are contributing a lot of trading volume to XRP right now. Bitfinex and Bitbank are the only non-Korean exchanges in the top five, yet they both provide fiat currency gateways for this digital asset. It is evident the money is pouring into cryptocurrencies and digital assets once again, which is a good thing. If this trend keeps up, things will get very intriguing for all cryptocurrency-related markets.
For the time being, it remains to be seen what the future will hold for the XRP price. With the current momentum in place, it seems finding price stability should be the top priority right now, but it won’t be easy to do so. After all, these markets will remain extremely volatile for quite some time to come. Even though the weekend is usually positive for most markets, it remains to be seen how long this current trend will last, though. After all, the market only recently witnessed a massive 50% dip and there’s no reason to think it won’t happen again.