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While all the cryptocurrency markets remain surprisingly optimistic, the weekend is starting well. Although this momentum can still turn around sure At the moment, it seems that the strong gains of Bitcoin will allow the alternative markets to stay in the green. Regarding the XRP price, it seems that the current gain is solid, especially now that its value has still exceeded $ 0.32.
XRP price commits pumps
When the value of Bitcoin increases, one should not wait too long before all other markets follow suit. The correlation between different markets is becoming more and more evident today. Due to the strong gains made by Bitcoin, it seems that XRP progresses fairly quickly too. This is a very promising trend, all things considered, although much remains to be done.
In the past 24 hours, XRP's bottom line is hopeful. After a 3.08% increase in the value in USD, the price of the XRP now stands at 0.3217 USD. The disadvantage is that another minor loss on XRP / BTC occurred, this ratio being unable to recover the 8000 Satoshi level. While this may be appalling to many traders, it seems unlikely to spoil the overall positive regime. XRP has also been able to speed up the volume of transactions, albeit only marginally.
On social media, it is somewhat rare to find a solid commercial board for the moment. Edwin de Haas, however, pretty much sums up the basic sentiment of cryptocurrency trading. Although it remains to be seen whether anyone will consider this advice in the coming months, it seems that things are moving in this direction for most markets. Do not run after the pumps is always the best way to proceed.
#btc #xrp #trx it's better to look for all the reasons to stay out of the business than to find all the reasons to be. Eventually, you will be short of reasons to withdraw and this is usually when the rare and high quality opportunity surfaces. #signals
– Edwin de Haas (@ edwin0204dehaas) March 16, 2019
Looking at the real price chart, it looks like things could easily go both ways. More specifically, the recent uptrend of XRP has been quite interesting to watch, but it is rather obvious that this uptrend is still on the wobbly legs. Not because Bitcoin could fall apart, as likely as it may seem. Instead, there seems to be a lot of resistance to XRP on the graphics.
く#XRP # ッ プ ル pic.twitter.com/y6iS5PNynN
– ン ち ゃ ん (@sokochinko) March 16, 2019
This does not happen very often, a meme is presented to the XRP community. Today's day is quite remarkable in this respect, although it is a meme that will undoubtedly create friction among community members. Even in this case, it is appropriate to make an argument in this regard, mainly because this strong uptrend will generally be appreciated without hesitation. A fun even though, even if we do not approve exactly.
#XRPcommunity #XRP #Ripple #xtrpthestandard #XRPArmy #Blockchain pic.twitter.com/Ep65llx0cZ
– XRP 334 (@ xrp334) March 16, 2019
All things considered, it seems that this uptrend will surprise many people. Nobody really expected any bullish momentum to materialize before the weekend, let alone continue throughout Saturday. Until now, the outlook for Bitcoin and all other alternative markets remains promising, but weekends will generally mean a slight downward pressure. At the same time, the total volume of cryptographic transactions is relatively high for a weekend, which may be a sign of the future.
Disclaimer: This is not a trading or investment advice. The above article is for entertainment and educational purposes only. Please do your own research before buying or investing in cryptocurrency.
Image (s): Shutterstock.com
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