The Ripple coin has not shown a movement that could satiate the thirst of XRP traders and investors and is swimming in a red zone. A signal for price pop up has appeared as a crypto analyst said that we can see a huge rally if it crossed the support explained in his chart.
We observed that XRP is moving below the mark of $0.3 for a longer period of time and were unable to cross the specified level. It is no doubt that its blockchain technology is very innovative and updated. It has made dozens of partnerships with the giant firms and companies of the world under the label of finance. The payment system for users to send money across the borders has become very easy due to Ripple blockchain technology.
The Ripple is down due to Escrow, claims experts
With so many innovations and partnerships, the coin is still lingering in a bad condition and could not succeed in attaining a consolidation zone. The coin is staggering below $0.3 and its community members and fans have not yet seen a great price recovery. Some analysts are even criticizing the Ripple due to its escrow policy and claimed that they are manipulating the token value.
In order to minimize this conception about the token, the CEO of Ripple Brad Garlinghouse himself jump in the arena and said that it is not the game the people have perceived. But in fact, the unlocked XRP in the wallet is used to accelerate the liquidity of the Ripple digital asset and have no other motive behind this. But the explanation is not proved very productive and crypto fans found this unsatisfactory.
Good news for Long-term XRP holders
The crypto enthusiast Welson has shared its graph through a tweet and said that the coin is ready for pumping and an upsurge on the part of the token is expected.
Wow, things are getting exciting! 🤑
If $XRP can hold above this support and continue upwards on the daily, we will actually see a huge pump.
Long-time XRP holders have been waiting years for this moment! Get ready! 🚀 pic.twitter.com/pl9NSWIGpD
— Welson 📊 (@CryptoWelson) October 9, 2019
Another analyst said in the near past that he is waiting for a 30 percent increase in XRP price.
Patiently waiting for that +30% daily candle on $XRP.
— Galaxy (@galaxyBTC) October 9, 2019
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