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Analysis of xrp price trend from the first quarter market dynamics

wangxue

New member
In 2019, Xrp's trading volume reached a new historical high in the first quarter, but the volume of transactions in the first quarter was more concentrated in the first half of the quarter. Despite this, XRP plans to increase sales in the first quarter.

As you can see from the coinbase chart, the rapid growth of XRP occurred early in the first quarter of this year. The callback began in February and declined for the next two months. Its value began at $2.25 and fell to $0.84 at the end of the quarter. But for XRP, this quarter's trading volume is the history of the first transaction volume.

From a market perspective, XRP's market share is increasing. This year, 30 million XRPs were used through different channels to establish the XRP ecosystem. Eighteen new trading platforms introduced XRP in the first quarter, including the American Abra and Uphold. It has enabled XRP's online platform to grow to more than 60 companies. In this case, the continued liquidity in the commission account will also reduce volatility, further enhancing XRP's ability to use on-demand liquidity.

According to the trend of xrp in the first quarter, I personally believe that in the next quarter, the ripple xrp price will be in a slowly rising state, and the possibility of soaring or falling is very small, so the investment in xrp in this quarter may not be much.
 
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