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Looking at the main markets of cryptocurrency, it is quickly apparent that the use of Bitcoin is still in place. Although this is not a problem for most markets, it also seems that the current gains are by no means spectacular. Regarding the XRP price, not much is happening right now. Although there is no reason to panic for the moment, it seems unlikely that the price will rise much higher in the very near future.
XRP Price Momentum could stall quickly
Although it seems that the XRP the value is just beginning to come out of its hole, it is possible that the momentum slows down or reverses quickly enough. As is generally the case in the world of cryptocurrency, tokens and digital badets, there is a good chance that the uptrend will collapse quite rapidly. For XRP, the current gains – however small they may be – are still in place, but it seems unlikely that the momentum will push the price much higher in the near future.
To put this in perspective, the XRP price still gained 0.55% in USD, but lost 0.05% compared to Bitcoin. This last aspect is not necessarily problematic, but no one will deny that XRP has not performed as well in terms of gains made over Bitcoin. A brief push to 7.600 Satoshi did not materialize, as it seems more likely that the 7.550 level will drop very soon. This is not the trend that traders are looking for, although the $ 0.31173 level may not be too much pressure in the future.
On social media, one must be very careful with all the information collected today. April Fool's Day is a pretty interesting day, even if it also leads to a lot of conflicting information. TT101 is expecting considerable momentum in the coming days, although the XRP / BTC ratio does not necessarily improve in the coming hours and days. Even then, this downward trend has been in place for some time now, so a reversal is not necessarily out of the question.
#xrp #XRPcommunity love or hate. The time has come to pilot it because everyone likes profits pic.twitter.com/yO6aOAzfSZ
– TT101 (@toptrader101) April 1, 2019
It appears that SBI Japan and R3 are discussing how the XRP system will be integrated into these systems in the future. A more detailed video should be released soon, although it is difficult to know exactly what the two companies are planning to do. Even then, any discussion that briefly addresses the XRP will be well received by the XRP community at this time. This can not necessarily affect the price.
SBI R3 Fireside Chat in Tokyo. The greatest professionalism of the three. (Fernando, Richard and Fujimoto san). A little clip to share on XRP when I get home. # sbir3 #XRP pic.twitter.com/lnlEjMjLWP
– CryptoEri (@sentosumosaba) April 1, 2019
Although XRP is not necessarily known for its memes or fun images, Cryptoon has come up with a rather fun meme describing the current state of mind within the XRP community. While it's clearly going to make fun of some more far-fetched price predictions, it's obvious that the video itself will put a smile on many faces. I hope it is also something that the community will appreciate because a little fun has never hurt anyone.
#XRP Moonboys, a lot of love to you all! ?- #Crypto #Memes pic.twitter.com/QH3GjKrpOy
– Cryptoon (@KlaudMr) April 1, 2019
Although the XRP / BTC ratio does not seem very good at the moment, there is no reason to expect a major backtrack in the near future. In terms of value in USD, it seems that the USD 0.31 level should remain intact, regardless of what happens to Bitcoin. The overall volume of transactions on the XRP is still quite low, but it should increase slightly during the day. For now, maintaining a status quo is not necessarily a bad thing for XRP.
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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