When the Bitcoin price momentum sours significantly, alternative markets are quick to follow suit. Today is no different in this regard, although it remains to be seen how dire things will get in the long run. The XRP price, for example, has been under big pressure for some time now, and may not necessarily see any real improvements for the foreseeable future.
XRP Price Continues to Sour
It is rather apparent this new week will kick off with a fair bit of bearish pressure across all cryptocurrency markets. While most traders will not be too happy with that particular development, this past week has been unusually bullish as well. A form of “reckoning” would kick in sooner or later, and it seems today may be an example of how quickly things can turn around for any market. Even so, there is no real indication this downtrend will remain in place for too long, albeit one never knows for sure what the future will bring.
As far as the XRP price is concerned, it would appear the current momentum is negative. It is not overly…