After A Rumored Ripple And Amazon Relationship, XRP Pushes To $0.29 Again (And Back Down)
The cryptocurrency charts are changing by the hour, which leaves many crypto assets, altcoins, and Bitcoin alike, should expect to see continuing fluctuations. Right now, as it stands, XRP is having a good moment in the industry. It hasn’t gotten back to $0.30, but the optimism alone of the price going up could keep the price rising, at least for a few hours.
During the bear market of the year, XRP has taken the beating that the other coins have, but they have managed to rise up again each time. It’s been one of the most resilient coins so far, but it still has the pull down that Bitcoin is dealing with.
In the last 24 hours, as of 3:00pm PST, the token has gone up by 0.74%, which is the result of multiple spikes in the day so far that keep bringing it close to the $0.30. However, at this point in the day, it is residing at $0.28. These fluctuations may be the result of a rumor involving Amazon.
Sources have assumed that there is an upcoming partnership involving Ripple and Amazon, which would increase the use of XRP. So far, there has been no actual statement from either of the companies, so the rumors have no real backing at this point. Though it stimulates the community to discuss the possibility, there’s a chance it wont ever happen.
Based on the way that it is changing right now, and examining the technical fundamentals, there’s a chance of a “bullish breakout,” as Nulltx.com puts it. The only possibility that can be suggested from these details is that Ripple may be entering a space of stability, considering there’s nothing to truly warrant a bull run at this point.