In the last 24 hours, the price of XRP has not changed much compared to the USD. Some owners have expressed their disappointment in this regard. The XRP only increased by 1% and yesterday was trading at $ 0.357 at the time of printing. This is not necessarily a bad thing. Social media speculators have become impatient with Ripple that requires the company to provide big news that will increase the price of the XRP token once again. A Twitter user with the handle 7 God has suggested that an important development news on Ripple will cause a peak in the XRP token.
The truth of the matter, however, is that there is no guarantee that an important development news will cause an upward surge in the price of XRP. This does not mean that a sell-off is in order. The XRP still has solid foundations, so keeping it is the best thing to do right now.
At the other end of the continuum, a user asked Elon Musk to openly defend Ripple and XRP as this would cause a price spike. However, superficially, this can not do anything to add to the current value of the XRP token now or in the future. Members of the XRP community are eager to see some progress and should be commended for their efforts.
The future is bright for Xrp (XRP)
The market has eagerly awaited the wave of institutional investors. Many of these investors were unable to enter the market last year due to the lack of custody options. This year, things may change because there are already some of these options in place. The American Digital Asset Partners have announced that the first three cryptocurrencies for market capitalization will benefit most from institutional funds. XRP is one of the top three and has a solid foundation for growth.
Despite this, it is important to note that the cryptocurrency market is highly volatile and unpredictable. Thus, no one can really give an accurate prediction of what the next few years will hold for xrp or any other cryptocurrency for that matter. Forecasts can only be made based on the current market. All indicators show that the price of XRP will continue on a sideways trend for a few days and even months. The XRP is not the only cryptocurrency that has a lateral tendency and this is understandable. It will take some time to cancel all the damage done in 2018.
XRP Price Analysis (XRP)