Over the past few months we have seen how the market is heavily impacted by Bitcoins success or failure. Bitcoin has been going down and so have the alts. XRP is a top 3 coin that has taken a huge hit and dropped downwards almost 5 times in price. A lot of hope in XRP has been lost as many people including myself have been caught up in this. Although XRP has had such a dramatic fall there are still a few positives to consider.
The first positive is that as the market has gone down XRP has stayed in the number 3 spot. It is still a top alt coin 3 times the size of Litecoins market cap. If XRP was just a pump and dump like some people have been calling it why would it still be number 3. This dip has effected the whole market and XRP has scaled accordingly.
If you bought into XRP at lets say $3 you must have believed in the technology and the value behind it. Why does the price dropping change your opinion of XRP? The team is still working behind the scenes to improve it and nothing bad has happened to the coin. XRP is the exact same as when it was valued at $3 as it is now, maybe even better. XRP is being used by new companies every few weeks and the technology continues to be improved.
There are two reasons XRP has gone down in value. The first reason is because like every other crypto currency this is a new technology and alts will continue to scale with bitcoin accordingly. The second reason is weak hands. People that entered a position into XRP as a blind investment and pulled out when the market turned upside down. These reasons are actually good reasons as there is nothing wrong with XRP.
Right now while the market is down and Bitcoin dominance is up, XRP is up for a huge sale. XRP is a top 3 coin that has a potential 5 times growth from the all time high. Any entry right now till when Bitcoin begins another run again is a great investment. It is a very good investment growth wise but also the risk reward factor. There is so much room to grow and not much more that it can go down. XRP is probably one of the best investments long term that you could make right now.
Goodluck with your investments and thanks for reading.
The first positive is that as the market has gone down XRP has stayed in the number 3 spot. It is still a top alt coin 3 times the size of Litecoins market cap. If XRP was just a pump and dump like some people have been calling it why would it still be number 3. This dip has effected the whole market and XRP has scaled accordingly.
If you bought into XRP at lets say $3 you must have believed in the technology and the value behind it. Why does the price dropping change your opinion of XRP? The team is still working behind the scenes to improve it and nothing bad has happened to the coin. XRP is the exact same as when it was valued at $3 as it is now, maybe even better. XRP is being used by new companies every few weeks and the technology continues to be improved.
There are two reasons XRP has gone down in value. The first reason is because like every other crypto currency this is a new technology and alts will continue to scale with bitcoin accordingly. The second reason is weak hands. People that entered a position into XRP as a blind investment and pulled out when the market turned upside down. These reasons are actually good reasons as there is nothing wrong with XRP.
Right now while the market is down and Bitcoin dominance is up, XRP is up for a huge sale. XRP is a top 3 coin that has a potential 5 times growth from the all time high. Any entry right now till when Bitcoin begins another run again is a great investment. It is a very good investment growth wise but also the risk reward factor. There is so much room to grow and not much more that it can go down. XRP is probably one of the best investments long term that you could make right now.
Goodluck with your investments and thanks for reading.
