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If you follow the crypto market, you already know that the bear has embraced us throughout the year and, despite some fluctuations, not just the Ripple XRP, the value for most tokens is in constant decline since last December. We all know that every market alternates between bullish and bearish races, which means that the current downward trend is set to end. It's just that we do not know when it will happen.
Well, according to the current technical analysis of the market for XRP it seems that the signs are there for the Ripple token to finally break the bear's embrace. The current charts for XRP show that it may be about to explode (again, do not mention our words).
So far, the downward trend of Bitcoin has limited market growth. This is true for XRP as much as it was for Tron, Cardano and many other coins as most of them can only be acquired through exchanges where you can only get those other coins if you buy Bitcoin first. But it seems that XRP could be the first cryptocurrency to break this trend.
The XRP has been climbing, if in silence, for some time and has broken the downward trend of the market. It is even fighting with ETH to become the second cryptocurrency in the world by market capitalization (and has been held for some times in recent weeks).
Although Bitcoin is still ceasing to burst, due to pegging in trading and trading, it is growing slowly but steadily, and the project is receiving surprising news about strategic partnerships, new users and real demand for the token.
So a new bullish run will come for the market as a whole, and there's a good chance that Ripple's XRP is going to open the way because it's already pushing and growing. Remember that XRP was the most profitable currency of the last year. This is the real question. Or is it?
The fact is this: XRP is one of the few cryptocurrencies that has found a way to become useful in real terms even if it remains somewhat unavailable to average users (it has always been thought to be used by bankers). This is the strategy that makes XRP a valuable asset whose price is driven by the real economy (supply and demand) rather than by speculation, which has so far been the rule.
Remember: in the end, the crypto game will concern mainstream adoption and even Bitcoin is not doing as well as XRP. Even Wall Street (the nemesis of cryptocurrencies) is trying its luck with XRP.
The cryptographic market, like any other market, is entirely based on risks and premiums. And traditional investors have been very skeptical about crypts because they think the risk is too high. And they are right. The cryptographic market is really precarious and volatile.
This also makes it more exciting, but there is no doubt about the high risk. That said, the market has remained fairly stable over the last 30 days (if it has been low). This eliminates the risk factor, at least for the time being, and in this context, XRP is one of the very few coins that has seen a steady increase in value.
Ripple's XRP is indeed growing, slowly but steadily. It is reaching mainstream adoption and real value. If it continues to grow at the current rate, it could be $ 5.0 within the first quarter of the next year instead of the current $ 0.50. But undoubtedly he will have to keep going strong from all angles to be there. Look and learn.
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Disclaimer: this article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and / or its affiliates, employees, writers and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own in-depth research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of ElisaRiva / PixaBay
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