Ripple seems to have found the perfect formula to protect XRP from the cryptic market inclemency. Despite the bad image that the token had in the community, he recently gained many followers and, after the events of last week, XRP was able to stay afloat and position itself as one of the best encrypted in 2018 in terms of social media presence , adoption and price behavior.
Not only has it been able to steadily position itself as the second most important crypt in the global market, but the gap between XRP and ETH seems to be increasing. In addition, despite the bearish 2018 strip, XRP has exhibited one of the best performances compared to its competitors.
After reaching a low weekly record of 0.25 USD, XRP managed to recover at levels above 0.5 USD, which implies a bullish behavior in the midst of a strongly bearish ecosystem.
In fact, while it is undeniable that the bearish sentiment has also influenced the evolution of XRP prices, it is imperative to note that this proportion is much lower than others. While other cryptocurrencies like Bitcoin (BTC) or BCH have reached annual lows, the price of XRP is currently well above these levels, trading close to $ 0.475.
It is also essential to note that XRP has found significant support above the annual lows, which has generated confidence in the market. Likewise, its highly criticized centralization has recently been seen as a refuge in the crypto-monetary market that has favored projects such as XRP, XLM TRX and EOS.
For technical analysis, it is important to note that XRP is one of the top 20 cryptos with a loss of less than 7%. Furthermore, the 50 daily EMA is behaving like a strong support for prices, generating a certain confidence in those operators who rely heavily on this type of analysis.
It is also important not to know that CSR shows that at this time there is a good chance of buying and accumulating tokens with a medium and long term vision. The sale of panic can be a great opportunity for those who are willing to face this storm with the illusion of enjoying a better day later.