The crypto currency analyst known as “Altcoin Sherpa” on Twitter expressed that the low-volatility XRP chart has a technically positive outlook and is in an accumulation phase.
XRPstating that ‘is an altcoin that should be followed during this period, the crypto currency analyst said that the market likes cheap crypto currencies, so XRP may face a strong buying pressure. The analyst added that the consolidation image on the XRP chart gives a positive impression.
Another crypto currency analyst, known as “Credible Crypto” on Twitter, made similar statements about the current situation in XRP. The analyst has stated more than once that he expects a big exit from XRP.
Liquidity Hub has Been Announced
Ripple announced the company’s new service, Liquidty Hub, in a blog post on November 9. Ripple has started working to ensure that its corporate customers have access to digital assets with a new service that will be launched in 2022. The Liquidity Hub was originally called Bitcoin (BTC), Ethereu I (ETH), Litecoin (LTC), Ethereum Classic (ETC), Bitcoin Cash (BCH) and it was stated that it would support XRP.
The Current View in XRP
The XRP price, which has been heavily affected by the ongoing litigation process with the United States Securities and Exchange Commission, has not yet been able to recover. XRP, it has exhibited a negative price performance in recent years, remaining well below the $3 price levels it recorded in 2018. However, the general downward price movements in the market with a downward trend starting to record XRP, crypto currencies 1,08 breaking support levels against the dollar in recent days gerilese also many strong price levels of $ 1 managed to stay above the strong level of support.
The information contained in this article absolutely does not contain investment advice. Investors should know that crypto currencies have high volatility, so they carry risks, and they should conduct their transactions in accordance with their own research.