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RE: Forecasts for the XRP price at the end of 2018.

in #cryptocurrency7 years ago (edited)

@ryptogreek77 responded very well. I would add that XRP is an atypical currency for news, and its behavior is not the same as stock market shares. Positive news has no effect on price in a bear market. Even when XRP is on a flat trend, or rising often the news has no effect. Over time, the cumulation of these news will lead to "the effect of the snowball, going from the top to a valley" and at one point the price rises aggressively upwards. XRP is also moved by the really great news.

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I never knew that about a bear market, so that's good information. Thanks!