Categories: Altcoins

XRP Price Speculators Hope for Acknowledgement From Ripple or Elon Musk

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For those people who are patiently watching the cryptocurrency and digital asset price charts, it is always a matter of putting things in their right perspective. As far as the XRP price is concerned, stability has been one of its strong suits over the past few months, even though that isn’t necessarily to the liking of a lot of people. Even so, there isn’t much one can do about it either at this stage.

XRP Price Sideways Trading Continues

Over the past few months, there have been notable changes where most of the top cryptocurrencies and digital assets are concerned. Not all of these changes lead to major gains or losses, which is only to be expected at this stage. In the case of XRP, the second half of 2018 has resulted in a lot more price stability than initially thought possible. Despite this rather positive trend, a lot of holders and investors are hoping for that “oompf” to come back sooner rather than later.

Over the past 24 hours, no real XRP price change has been noted. For some holders and speculators, that will be rather disappointing, albeit the rest of the industry doesn’t seem to mind all that much. The 1% increase in USD value brings XRP back to the $0.357 level. A minor deficit in BTC value pushes the price down to 9,265 Satoshi. No big changes, but that isn’t necessarily a bad thing either.

On social media, however, it is evident some people are genuinely growing impatient. The 7 God is a clear example, as this user demands Ripple provides some big news to send the XRP price upward again. That is easier said than done and wouldn’t necessarily have the desired effect in the first place either. One could argue the advice of “keep holding” is rather solid, though.

@ripple need a to make an announcement that’ll catapult price over .42 because individuals keep selling at .38-.40 and it’s annoying now. Tired of seeing that bullshit price for #XRP . The longer y’all hold the better the price. Buy don’t sell #XRPCommunity #xrparmy

— The 7 God (@The7God1) January 5, 2019

In a different kind of conversation, Sunny SoCAL wouldn’t mind seeing Elon Musk openly advocate for Ripple and XRP. This is one of those developments which virtually makes no sense on the surface and won’t lead to any real changes or developments in the future either. Even so, this user deserves some praise for effort, even if it won’t amount to anything in the long run.

.@elonmusk I’m *so* ready to buy one of the self-driving Tesla’s, but can’t do it until #XRP is valued (highly) according to its true utility. ~~~ Howz about a public endorsement on the potential of XRP to change the financial world? The gains will come right back to Tesla!

— Sunny SoCAL ⚡️ (@devnullinator) January 5, 2019

American Digital Asset Partners firmly believes all of the institutions will solely invest in the top three assets and currencies ranked by market cap. As XRP is currently in third place, that will undoubtedly be included in this list sooner or later. While there isn’t anything wrong with being ambitious in terms of advocating one’s own holdings, it is still unclear what the future will hold for all of these currencies and assets in the years to come.

Institutions will buy the big 3 – #ETH #BTC #XRP The mistake will be the weak hands looking for fools gold in smaller #altcoins because they look inexpensive. No utility, no future. Happened same way in internet stocks in early 2000’s. Buy quality, don’t get vay-poo-rized.

— American Digital Asset Partners (@AmericanDigi) January 5, 2019

Based on these current market circumstance,s it would appear the XRP price will continue its sideways momentum for quite some time to come. That isn’t a bad thing by any means, especially when keeping in mind how problematic the year 2018 has been. Undoing all of that damage will take quite some time and no miracles should be expected in the near future. Projects with a working and viable infrastructure will always succeed in the long run. How long it will take for that success to materialize, is a different matter altogether.

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.

Image(s): Shutterstock.com

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