What's happening with XRP in Market

in hive-183397 •  3 months ago 

These days it's hard to say what is going on with xrp coin and since the last few weeks, I can see that price is moving around circles. Even the market is not doing well. Specifically, this coin is not doing good even when the Bitcoin price is good and we have seen how the SEC lawsuit was concluded.

This project was one of the top 5 at some point in time but now it has been dropped and now we can see it in one of the top 10 projects. I have read some news that the team behind Ripple is working on building something innovative and they are also going to release their chain soon. I don't know how true is that and when is going to happen but people have been holding this coin for quite some time and they are expecting some good rise also on its value. Again in the Crypto market, we cannot predict how things are going to happen but based on certain technical analysis things can be analysed and some sort of prediction can be made that truly depends on the market and how it works.

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It is certainly an old project in the market and I have seen this point since the last two bull run cycles. Some people are saying that we can see this xrp coin for $5 which I think is a little bit hard but anything is possible in the market so I do not deny the fact that it can also do that. Even I have invested on this point a long back and holding the coin since then so if there is a good rise then it can be a good opportunity to book some profit but again we will have to see that momentum in the market before doing this.

Looking at the above chart we can see that the price is hovering around in a range but there has been no significant appreciation in the last couple of months. Let's hope that this coin grows and shows a good value appreciation over time so that the community feels happy about it and they can also be more optimistic about this project.

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Great sharing about XRP coin, well it isn't much of a surprise if price is not moving up as we would expect seeing as the whole market is down so hopefully even Xrp will do well when the time is right

I think xrp price will increase a lot in the future. But now its market cap is very high, so if its price is to increase, the market cap has to increase a lot, so it is also a matter of seeing how much the price increases accordingly.

It is a great post of What's happening with XRP in Market. Keep going on it.