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Ripple´s XRP, has been on the slower side of price increases since the beginning of 2019, however, this hasn't deterred investors to continue to invest their hard earned money in XRP.
Obviously, we can all agree that XRP was a huge favorite back in 2017, due to its massive surge in price during the 2017 parabolic cryptocurrency bull run.
Unfortunately, 2018 wasn't as kind to the third largest cryptocurrency, where XRP has maintained a price below the 40 cents level.
By December 2018, XRP had dropped 89% from its year high to $0.36. This carried over to January, where XRP started 2019 trading at $0.35. XRP’s price in February was $0.32, a further 11% drop in value since the start of the year.
Despite the stagnating prices, investors seem to remain interested in XRP.
So much even, that some XRP enthusiasts are now claiming that they would be comfortable with the low XRP prices, even if it stays that way for years to come.
One XRP investor, going by the Twitter handle XRP_News, took to Twitter where he stated that he actually was hoping for XRP prices to remain this low for a few more years.
'This is a long game of accumulation', he tweeted.
Let’s hope the XRP price stays this low for a few more years. This is a long game of accumulation.#xrp #xrpthestandard #0doubt
— xrp_news ⚡ (@xrp_news) April 23, 2019
He continued by saying that people are too emotional, when it comes to XRP trading.
'XRP has no feelings', he tweeted. 'It doesn't care about you. No one owes you any explanation about why the price of XRP hasn't moved.'
People are getting too emotional. Guess what:
— xrp_news ⚡ (@xrp_news) May 25, 2019
XRP has no feelings.
It doesn't care about you. No one owes you any explanation about why the price of XRP hasn't moved.
XRP is the standard. It's either you believe or you don't. #xrp #xrpthestandard #ripple #0doubt
However, most of the XRP community didn't share his views.
On the contrary, most are still convinced that it is just a matter of time before XRP breaks out.
People it's only a matter of time. Cutting through the red tape is the hardest part. It's clear XRP has utility. We just need the U.S to wake up and for lawsuits to settle.
— Pedro Salcedo (@papetebmd) May 25, 2019
Even one of Chepicap's in-house technical analysts, believes that Ripple's XRP has now completed its previous cycle and is getting ready to enter a new bullish cycle.
XRP targets $0.60 after entering a new bullish cycle : https://t.co/nKTbRuQwU5 #XRPPriceAnalysis $XRP #TechnicalAnalysis #PriceAction pic.twitter.com/1PkQUv188D
— Chepicap (@Chepicap) May 28, 2019
At the time of writing, XRP is trading at $0.44, showing a gain of 5.63% on the day.
Interesting times are ahead for this cryptocurrency project and many analysts still believe that XRP will confidently reach new all-time-highs.
How about you? Do you think the XRP price will remain low for years to come?
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