XRP Price is Heading to Sub $0.3 Again as Bears Regain Control

xrp

TheMerkle XRP Price $1.5

As was to be somewhat expected, it appears most cryptocurrency markets have turned bearish once again. Albeit most losses have been kept to a bare minimum in most cases, some projects are bleeding value all over the place. The XRP price, for example, is losing more ground to Ethereum and Bitcoin alike. An interesting shift in market cap rankings looms ahead.

XRP PRICE TREND IS WORRISOME

Despite some positive Bitcoin momentum earlier in the week, it quickly became apparent XRP would not be following suit after all. Although this is somewhat surprising, it is not entirely unexpected either at this stage. There is a genuine disconnect between Bitcoin and XRP, which is what most people have asked for in recent months. Unfortunately for them, it has become apparent this would result in even more negative pressure.

Over the past 24 hours, there has been another 2.6% drop for XRP in both USD and BTC value. This latter trend is a logical continuation of momentum building yesterday afternoon. However, the USD loss brings the XRP price down to the $0.303 level again. As such, it would appear a dip below $0.3 is very likely over the coming hours. That would also allow Ethereum to reclaim the second spot in market cap rankings without too many problems.

On social media, there are always some interesting developments and discussions pertaining to XRP. Although the overall market trend isn’t exactly promising in the slightest, it would appear there is still some focus on the price regardless. Inter X is keeping a close eye on things, although claiming RIpple and XRP are the exact same – even in 2019 – is still rather worrisome in its own regard.

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Wait for another bull run season 

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