A similar market sentiment has taken over almost all leading crypto-coins prices for the past few days. With sellers having their saying on the 8th of November, values returned lower after a noticeable bull-run but the weekly end-result is by no doubt positive as digital assets have taken position on a higher trading ground.
The third largest coin by market cap XRP [XRP] by the San-Francisco blockchain-developing payment protocol firm Ripple-Labs is changing hands against the US Dollar at $0.50868 with 1.89% increase in the last 24-hours.
On the daily chart, the pair has already overcome the formed declining trend while balancing bulls and bears above $0.5000 signaling there is still support to stand ground or even move higher.
Longer performance chart since May 2018 – tanking declining trend still heavily impacting.
Weiss Ratings put the speedy coin under the must-buy assets in the digital currency industry rating it B – Buy, as it did also mark Stellar’s XLM, Cardano ADA and EOS.
“These are among the few that are beginning to put it all together — the advanced tech and adoption in the real world. They’re not all the way there yet. But they’re making good progress.”
Combining the results of all four models, we arrive at a final grade, from “A” to “E.”
Any grade of “B-” or better is the equivalent of a “Buy.”
“D+” or lower is “sell.”
And “C” implies no action — “hold” if you already own it; “avoid” if you don’t.
Bitcoin was rated C as to hold or avoid if you do not have it.
With Nasdaq’s [National Association of Securities Dealers Automated Quotation] crypto-platform coming in early 2019, the firm is in the talks with Ripple to bring XRP as one of the first cryptocurrencies to be listed on the exchange.
“The two-way process has been ongoing for more than four months and XRP is scheduled to be one of the initial coins listed when Nasdaq launches its crypto platform in early 2019.” – source report
During the dialogue, it has been highlighted out that there is much chance that XRP will end up next year as the second largest coin by market capitalization in the crypto-verse.
The source went further to explain that, based on Ripple’s management team and its level of operation in the banking industry, it meets all Nasdaq standards established for market capitalization.