The last month has been filled with ups and downs for Ripple (XRP). They have had some great news, including having several major financial institutions adopt their system for cross-boarder money transfers. Despite that, however, their price has been on a slight downward trend since the second week of February.
The rumors of this coin being added to Coin Base have also caused some spikes and drops, but as of now there hasn’t been anything firm about it. While most people do expect XRP to be added to the popular exchange, nobody knows when.
Ripple is really at a cross roads, at least for the short to mid-term prices. If it continues to drop, it could plunge down significantly as the short-term traders begin to get weak hands and want to give up on the coin, at least for now. If it turns around and moves up into the $1.20 range or more in the next few days, we could see another spike up as people begin to experience FOMO.
Of course, if Ripple does get added to Coin Base, or another major financial institution adopts it (especially if it is one from the US), it could shoot way way up.
Almost everyone agrees that the long-term trend of XRP is very positive, and those who are just looking to HODL will be happy with their decision overall. Of course, whether it beats out other coins that can be short-term traded is the question that can’t be answered.
So, what’s next for Ripple? Not easy to tell, but it won’t likely be near its current price of about $.91 much longer. It will likely drop, or go up, significantly.
