With Bitcoin again making positive moves, it appears that it’s just a matter of time before the altcoins begin following suit. First in line for some upwards momentum is Ripple (XRP), which clocked in a cool 10% growth in the 24 hours leading up to February 26.
Ripple appears to be in a relatively strong position right now, with most technical indicators and oscillators pointing to a weak buy, despite the bulk of the majority still struggling to recover from the February 24 flash crash.
Despite losing more than 10% of its value in just hours two days ago, Ripple has recovered better than most, reclaiming almost 80% of this amount almost as fast as it was lost. Currently, XRP sits at $0.325 — still over 6.5% up in the past ten days, and one of the few digital assets to keep pace with Bitcoin over this period.
Ripple XRP Graph by TradingView.com
Based on current trends, it appears likely Ripple will continue losing ground to Bitcoin over the next several days, and could close the month at closer to $0.305 as XRP slips back into its old ways.
The bulk of this growth appears to be related to the altcoin’s recent listing on Coinbase Pro, allowing traders to deposit their XRP on the exchange, though trading is yet to be activated.
Although Ripple (XRP) still hasn’t been listed on the Coinbase consumer platform, this is a significant milestone for the private blockchain since it has struggled to get listed on trading platforms in the past.
Like to think we contributed to the adoption, maybe just a tiny bit, lol. Congratulations #XRP!
The more adoption, the better, and the faster thing move around the world. It's spreading. https://t.co/5IIvm5QFuq
— CZ Binance (@cz_binance) February 25, 2019
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Image Credits: TradingView