Hello to every crypto lover over there, I would like to discuss a bit about XRP price! Please, remember that this is an opinion of my, please do not consider it as a statement, it is not call for an action. Always carefully think about your investments.
We see that the current situation with XRP does not sound like promising one as over the past seven days, XRP has seen a drop in value, as it lost 9.5%. XRP/USD produced a double bottom pattern, seeing big buying come back in to stop price further falling. So in short term it is seen only a down trend. However, the XRP price may find support at the $0.45 price level. It is always important to consider that there is a short-term situation and a long-term one. In general, November is not an easy month for almost each currency, but you can see that some currencies experience significant down, while others do not have any critical negative numbers, like XRP .
To sum up my brief thoughts, there will be, most probably, a reduced priced of XRP in the next 24 hours, however there is no rush and I would not give up XRP, for some of the reasons. For example, financial institutions still hold XRP and not in a hurry to get rid of it. There are lots of people dumping BTC and ETH foe example in a favour of XRP. Besides Tether, XRP, has tumbled the least with this plummet in the market. The last factor is the most critical to keep you XRP in the wallet.
We see that the current situation with XRP does not sound like promising one as over the past seven days, XRP has seen a drop in value, as it lost 9.5%. XRP/USD produced a double bottom pattern, seeing big buying come back in to stop price further falling. So in short term it is seen only a down trend. However, the XRP price may find support at the $0.45 price level. It is always important to consider that there is a short-term situation and a long-term one. In general, November is not an easy month for almost each currency, but you can see that some currencies experience significant down, while others do not have any critical negative numbers, like XRP .
To sum up my brief thoughts, there will be, most probably, a reduced priced of XRP in the next 24 hours, however there is no rush and I would not give up XRP, for some of the reasons. For example, financial institutions still hold XRP and not in a hurry to get rid of it. There are lots of people dumping BTC and ETH foe example in a favour of XRP. Besides Tether, XRP, has tumbled the least with this plummet in the market. The last factor is the most critical to keep you XRP in the wallet.