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A lot of exciting price dynamics are forming through the cryptocurrency and digital goods markets. Although this moment is still materializing significantly, there is a reason for cautious optimism. For XRP owners, things are once again looking, even if it remains to be seen what the future will be going on.
The XRP price makes another attempt at $ 0.55
For several weeks, there was a push to elevate the XRP price at a new level. Now that price stability above $ 0.45 has been in place for some time, it is time to look to the future. Pushing XRP to $ 0.55 or potentially over will be a big challenge, although there are many reasons to be quite happy with how things are now.
In the last 24 hours, there has been a 4% increase in the USD value of XRP, plus a 3.5% increase over Bitcoin. This seems to indicate that XRP should once again exceed the level of 8,200 Satoshi in the coming days, even if you never know what the future will be about it. Bitcoin is still on unstable legs, and therefore remains a strong market indicator for all other currencies.
Looking at social media, it would seem that Brad Garlinghouse is spreading the word again on XRP and Ripple. It is on a panel to discuss use cases for blockchain in a conference currently underway. This is a rather interesting development, as it seems that Garlinghouse is trying to convince IMF General Assembly member Ross Leckow of his company's potential.
Looking at our leader without fear @Ripple @bgarlinghouse discuss the cases of use for #blockchain how he remittances using it #XRP as a bridge with the Deputy General Councilor of the IMF # SFF2018 pic.twitter.com/VTU0i9tdio
– Warren Paul Anderson (@warpaul) November 12, 2018
At the same time, there are those who continue to deny the potential of Ripple and XRP going forward. Victor Erem is confident that nobody is interested in this digital resource. Instead, the entire offer is slowly being sold to "retail clueless investors". A strange look at things, even if it is reasonable to suppose that Erem is not the only one to think this way.
Mistaken. No banks are interested in Ripplecoin. All XRPs are sold to retail investors without traces …
– Victor Erem (@VictorErem) November 12, 2018
Any positive development that affects the price of XRP is welcomed with joy among the owners and speculators. TweetyCrypto seems like happy things are going in the right direction again. While it is still too early to talk about a real race involving XRP, the current momentum – however fragile it may be – can not be ignored.
#xrp
The bulls are running!
Enjoy the journey 😁#HODL– TweetyCrypto (@TweetyCrypto) November 12, 2018
The way things look right now, any cryptocurrency can start to gain a lot of value when people least expect it. NEM is doing exactly that, and the XRP price is apparently going down in a very similar path. If this momentum can be sustained going forward, there is a very real possibility that the value will exceed $ 0.55 fairly quickly. Staying at or near that level, on the other hand, is a completely different matter.
Disclaimer: this is not about trading or investment advice. The article above is for entertainment and training purposes only. Please do your own research before buying or investing in any cryptocurrency.
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