The Ripple XRP price has practically been immobile between the mid-$0.20 region. While XRP was not successful in gaining any serious momentum, the rest of the bigger altcoins were able to achieve noticeable incline in their price charts for the initial months of this year.
Recently, Ripple XRP price has gained noticeable momentum, allowing it to surge during the crypto market’s current state of instability.
XRP price is currently trading at $0.28 range, marking a two percent (2%) increase in its usual price of $0.27.
Bitcoin has shown various bearish signs, which have formed during its decline towards the lower eight thousand dollars ($8,000) price range. Compared to its Bitcoin trading pair, XRP is trading up over five percent (5%).
As the dominant Bitcoin pulls its dominion back from over the crypto market, crypto analysts suggest that altcoins may place more gap between their recent lows.
Ripple XRP price may surge to $0.30
The Crypto Dog is a renowned crypto analyst who has recently tweeted about a rally within the altcoins as Bitcoin recedes its dominance from the crypto market.
What are your favourite alternative crypto currencies? pic.twitter.com/vqyrsOM59T
— The Crypto Dog? (@TheCryptoDog) October 10, 2019
It is expected of the major altcoins such as the Ripple XRP price to climb higher in the crypto market. This climb may very well be supported by Bitcoin’s current state of recession.
Luke Martin is another crypto analyst, who has tweeted about the recent increase in XRP’s price, despite Bitcoin’s ongoing session of consolidation.
I think a pullback to the 8300-8430 zone would be an attractive dip area for buying.
Would you buy that dip or do you think we find new lows? pic.twitter.com/OZdvoW4iEf
— Luke Martin (@VentureCoinist) October 10, 2019
Ripple XRP price may have separated its concerns by breaking its correlation with Bitcoin. This may mean that XRP shall continue to rise in the crypto market, irrespective of Bitcoin’s search for notable support.