Things are pretty much at a standstill in the world of cryptocurrency right now. None of the top cryptocurrencies is making any sort of gains or losses right now. It is true some currencies are struggling slightly, but there is nothing to be concerned about whatsoever. The Ripple price is trying to regain some of yesterday’s losses, although that is much easier said than done, to say the very least.

XRP Price Wants to Reclaim $0.25

A lot can change in the world of cryptocurrency without any real reason behind it. Just a few days ago, it appeared as if the XRP price would finally hit $0.30 again. Those dreams were quashed pretty quickly, as the XRP price started dropping pretty quickly. At one point, the XRP price almost broke the $0.20 support, but things never escalated to such a degree. That doesn’t mean we are out of the woods just yet, though.

There is one positive sign on the horizon for the XRP price. While nearly all currencies in the top 10 are at breakeven or losing value, the XRP price is actually going up. Although the gain is very small and will be ignored by most people, it seems we may see the XRP price head back to $0.25 in the coming days. Right now, one XRP is valued at just $0.215, which leaves plenty of room for growth.

Whether or not that growth will effectively materialize, remains a big question for the time being. It is certainly possible we will see another leg down before the XRP price can even mount any sort of comeback toward $0.25. The markets are pretty volatile right now, even though Bitcoin looks rather solid for the time being. Whenever there is a lull in volatility, speculators will make their move in either direction. It is certainly possible we will see XRP drop to around $0.17 or lower, given the current market conditions.

For the time being, however, things look pretty decent for XRP. Thanks to this 1.5% value gain over the past 24 hours, we also see an increase in trading volume once again. With just under $310m worth of volume, the demand to trade XRP is certainly there. Whether or not there is enough support to keep the price level or note future gains, remains to be determined. A retrace often leads to higher values, but no one ever knows where the bottom of a retrace is situated.

The vast majority of XRP trading volume comes from the South Korean exchanges once again. Bithumb, Coinone, and Korbit are all in the three, although Bithumb clearly has the lead. Their -hour volume is almost $100m higher compared to Coinone and $120m higher than Korbit. No one comes even close to these numbers by any means. This seems to confirm there will be a lot more XRP price volatility throughout the rest of the day and the weekend.

A lot of people are wondering about when to buy into XRP. Right now seems to be an opportune moment, but with the markets in their current state, there is no reason to overbuy anything either. It seems a given the XRP price will retest that $0.20 mark sooner or later, which is a pretty solid point of entry for the time being.  Always do your own research before committing to any sort of trading activity, though.