Ripple Price Index

The bulls have held the immediate support level on most major cryptocurrencies, which is a positive sign. This suggests that the sentiment is to buy the dips.

Ripple CEO Brad Garlinghouse predicts that initial public offerings will become a more common feature of the cryptocurrency and blockchain space in 2020.

Ripple’s quarterly sales dropped from $251.51 million in Q2 2019 to just $13.08 million in Q4 2019 due to removal of programmatic sales.

Traders are taking a break after the most recent volatility which suggests that most major cryptocurrencies will remain range-bound for the next few days.

The correction in most major cryptocurrencies is shallow, which suggests that the up move is likely to continue within the next few days.