This may be too early to predict any changes in the value of bitcoin or Ripple XRP but you may say that this is the last month where bitcoin or any other cryptocurrency is crashing. On Friday bitcoin almost crashed to the $8000 but in few hours it has shown great progress and recovered itself till $8500.
At this point, bitcoin has tried it’s best to raise it’s value to the $9200 which you can say that bitcoin still has the power to recover itself from the loss. If bitcoin is going to drop below $8000 then the damage is not going to get repair and it will leave a negative impact on the whole market.
It seems like Ripple XRP is following bitcoin in value situation. Bitcoin has crossed 16% in few hours and Ripple is recovering itself too. From $0.75 Ripple XRP has recovered to $0.81 and the market still has hope about cryptocurrency.
We still can’t predict when this recovery turns itself into the loss but investors who are in the business of currency trading may understand better how share can crash down for the long time period but it can rise without any notice. At this moment factors are not in favor of cryptocurrency but once they are, nothing can stop bitcoin from rising into the market.
According to the experienced analyst and traders, one should buy bitcoin right now because this is kind of a sale week where you can afford bitcoin and you can have some part of it. You can keep these coins for months to decrease sellers from the market.
If everybody is going to sell their coins in the market then Ripple and bitcoin both are going to die rapidly. If there will be more coins on the market then the value will be down due to the less demand.