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Not too much is happening in the top cryptocurrency department as of right now. Bitcoin is still unsure whether to go up or down, which leaves all other currencies at a loss as well. One interesting exception is Stellar, as the asset is going through a rather positive spell right now. Reaching $ 0.25 seems to be a matter of time, assuming this uptrend can be sustained.
Ripple (XRP) is one of the few cryptocurrencies to have completed a correction of more than 90% since its all time high. The price has settled just above the $ 0.25 mark which seems to be a bottom as indicated by the Vix diagram on the above weekly chart for XRP/USD. Wave trend analysis for the chart above shows that the price has likely bottomed out and is now preparing for a bullish breakout in the weeks ahead.
In the world of cryptocurrencies, there are always plenty of exciting developments to keep an eye on. Over the past 36 hours, it seemed as if all markets would enter a bear market once again, but things are not looking all that bad, for the time being. More specifically, all markets are still in the green, with Cardano noting some very strong gains.
As is always the case when the cryptocurrency markets are bleeding value, some coins are affected worse than others. In this particular cycle, we see the Stellar price decline by as much as 13.6% over the past 24 hours. Not a positive trend by any means, and it seems a reversal is not on the horizon either.
