In the last period, the cryptocurrency has been going through some rough times. There is still a negative pressure over markets, so we will have to wait and see in which direction virtual coins will go.
Reports concerning the XRP prices for last week were not impressive, so experts say that we should see the latest trends as encouraging: in the last 24 hours, things have started to head towards the right direction, so the XRP prices are about to break the resistance level established at $0.50 again.
A stable ground is needed for keeping the flow up
Cryptocurrencies have had a bad start in 2018, but this does not mean that the situation will remain the same until the end of this year. Although the trend was negative so far, experts follow every activity in this area, so no move happens without them knowing about it.
They say that a bad start of the year is not a certain sign that the death of cryptocurrencies is near. On the contrary, the virtual coin can be reinvigorated if stability will enter the stage. After the latest fluctuations, the market needs some safety landmarks to lean on, but we are not sure yet what to count on.
The XRP price has gone very low in 2018, although at the end of 2017 it met one of the highest level in history. Now, if the price reaches almost $0.50, analysts say that we could be looking at a positive future trend. The price is rising very slowly, but any progress will be welcomed by those who follow the movement right now. However, we should also remain realistic and understand that everything can happen, because we cannot be sure about anything right now. All we can do is wait and we will see if the cryptocurrency can bring some Easter light.
Henry Lares is still early into his career as tech reporter but has already had his work published in many major publications including Tech Crunch and the Huffington Post. In regards to academics, Henry earned an engineering degree from Apex Technical School. Henry has a passion for emerging technology and covers upcoming products and breakthroughs in science and tech.