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In the financial sector, markets generally experience volatile price movements after a long period of positive or negative momentum. Crypto-currencies, tokens and badets are no different in this respect. Some markets are under pressure at the present time, as clearly shown by the evolution of XRP prices. It remains difficult to predict for the moment how all this will be played out in the coming hours.
The trend of XRP prices reverse slowly
When all crypto markets became bullish, we worried about the duration of the uptrend. While this momentum seemed to continue unabated, signs of FOMO became visible in different markets. Fast forward to today, and it seems like a big correction applies for all chips, badets and currencies. The XRP is currently bleeding everywhere, even though its trading volume is more than impressive. It will be either a very low trough or a mbadive reversal of the market
In the last 24 hours, the XRP The price lost 1.7% in USD, bringing it down to $ 0.344278. There is also – yet another – loss of 3.39% in XRP / USD, as this report is now approaching the level of 6,800 Satoshi. Ripple's native resources have come under tremendous pressure in the BTC department for some time now. It does not appear that a major uptrend will materialize in this regard, although no one really knows why. It seems that the high volume of transactions does not help much, either at this time.
On social media, Tommygun asks the question that everyone is currently thinking about. Is this the end of the bull race or will the positive momentum come back later this week? It seems that opinions on this subject are very widespread, as no one has been able to make sense of the most recent price increase. Bitcoin stays in the green for the moment, but it also faces some pressure on the hourly chart. In this respect, a second half of the week is very interesting.
#xrp was it the bull, is it over?
– tommygun (@ tommygun77) April 4, 2019
XRP to the M confirms that many people had doubts about the gain this week. Some media have even spoken of it as a possible April Fool's joke, even if it would have lasted three days and cost tens of billions of dollars. Now that markets are showing signs of reversal, it looks like the April Fool's Day debate may have merit. This user also expects XRP to reach $ 1 at some point, but the current trend may not allow it.
It's fun to watch: when prices are finally starting to climb, everyone is wondering if that's the real thing. I do not know if it started? for me the price of #xrp must be more than $ 1 to call it a bullrun. But it's good to see an upward movement!
– XRP to M ⚡️? (Do not wait) (@XRPtotheM) April 4, 2019
For those who are not too obsessed with pricing charts, XRP's total transaction volume provides a remarkable statistic. According to XRP Bella, this is the first time this badet has seen such a high volume of transactions since the beginning of 2018. Although this period has been subject to many downward pressures, it has actually produced higher transaction volumes for the most part. market relative to the market at 12 months. following period. The volume of transactions alone is not enough to create a bull market, but it's pretty obvious right now.
Interesting, #XRP has not shown as much volume since January-February 2018. Look at the volume for BTC. pic.twitter.com/qY333Ck9A1
– XRP Bella (@XRPBella) April 4, 2019
For the moment, it is still too early to draw any real conclusions as to the direction of the markets. A correction may be possible because it is healthy for the markets to reboot after a long period of rise. The price decrease during the process is however quite different. This current dip could be a prelude to what is yet to come, though nothing is ever frozen in this volatile industry.
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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