Although the Bitcoin momentum has turned out to be a lot more bearish than expected, there is still some degree of optimism among traders. Fans of the XRP price will be less happy right now, as their favorite currency has noted rather steep losses. Nothing that can’t be overcome with some effort, but it shows how much Ripple’ asset relies on Bitcoin.

XRP Price Remains Above $0.33

All cryptocurrency markets will follow Bitcoin’s momentum, either for better or worse. Today, it is evident the bearish pressure has gotten to all markets in quick succession, which paints a rather bleak picture. Nothing seems to indicate these losses will remain in place very long, but turning the ship around will not be easy either under these circumstances.

As far as the XRP price is concerned, the current losses paint a rather intriguing picture. The 7.35% decline in USD value has forced the price lower, but it has not dropped below $0.33 s of yet. More interestingly, it seems XRP/BTC is far less bearish than expected, with just a 2.27%…

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Source: https://themerkle.com/xrp-price-tries-to-stay-above-0-33-but-faces-major-uphill-battle/