Successful Analyst: Ripple (XRP) Has Touched A Very Important Level!

The spectacular rise in #Bitcoin has rallied the entire market. The altcoin market, including #Ripple (XRP), has also seen strong gains. However, despite seeing a slight climb, the cryptocurrency is stuck in the range it has caught over the past few years, and buyers cannot cross the $ 0.30 zone. According to analysts, there are several reasons for this weakness, including the lack of benefit provided by cryptocurrencies, the brutal sale from 2017's highs, and the diminishing enthusiasm surrounding it.

The “XRP Army”, which faithfully supports #Altcoin, continues to melt as XRP is underperforming Bitcoin and other altcoins significantly. Where the next trend will be will likely depend on the trend in the altcoin market. But a lack of correlation with Ethereum or Bitcoin could continue to disrupt Ripple's price action. A popular analyst points out that there are some signs that the cryptocurrency has reached a significant level that could turn its trend towards BTC bullish.

#Mitoshi: Ripple (XRP) has touched a very important level! Ascension may come back…
At the time of writing, XRP is trading with an increase of over 3 percent at its current price of $ 0.26. The price level of this cryptocurrency has traded for the past few years and buyers cannot leave the $ 0.20 zone. Until Ripple moves above the $ 0.30 zone, the chances of seeing any parabolic momentum are very low , according to some analysts . Diminishing sense of community, serious lack of utility, and sluggish price actions have hit the technical power of the cryptocurrency deadly, according to analysts.

Unless Ripple has made new developments for XRP, it is very likely that the cryptocurrency will continue to lose value against Bitcoin and other altcoins. Popular analyst Mitoshi made his predictions for Ripple. The analyst points out that there are some signs that XRP has reached a significant level that could turn its trend against BTC into a bullish trend. Mitoshi adds the following to his statements on the subject:

STRONG ICHI MOMENTUM… HOWEVER, XRP SLIGHTLY TAPPED A WP LEVEL AT 1W PIVOT. PAYING ATTENTION TO THIS IN SMALL TFS IN DECEMBER, SOMETHING THAT SHOULD DEFINITELY NOT BE IGNORED IN THE NEXT PIVOT ...