In the financial sector, markets usually undergo volatile price swings after an extended period of either positive or negative momentum. Cryptocurrencies, tokens, and assets are no different in this regard. A fair few markets are under pressure right now, as the XRP price trend clearly illustrates. How all of this will play out in the hours to come, remains difficult to predict at this time.
XRP Price Trend Slowly Reverses
When all of the crypto markets turned bullish, there was some concern as to how long the uptrend would last. As this momentum seemed to continue unabated, signs of FOMO became visible across the different markets. Fast forward to today, and it appears a big correction is kicking in for all tokens, assets, and currencies. XRP is currently bleeding value all over the place, despite noting a more than impressive amount of trading volume. This will either be a very short dip or a massive market reversal
Over the past 24 hours, the XRP price has lost 1.7% in USD value, pushing it down to $0.344278. There is also…