Back in 2018 and 2019, XRP is considered as one of the worst-performing cryptocurrency assets by market cap.
However, in the case of a massive rally with the help of the recent buy signal, the suffering of XRP is about to end. The said signal is very elusive as it only appeared 3x on weekly price charts. Well, it’s no surprise, because Ripple fell from more than $3 in every XRP token.
XRP On Its Staggering 88% Drop
Back in 2017, when the cryptocurrency is on the bubble, Ripple and XRP gathered a lot of achievements. In fact, it is one of the top-performing cryptos, which brought an all-time high of $3.84 per XRP token.
Meanwhile, among the highlights of XRP’s existence is its listing on Coinbase. Although some traders did not accept the said listing with open arms, while others even accused Ripple of paying its right to be part of Coinbase listing, the company denied all the rumors and then continue its operations and plans.
After the high on weekly price charts, a so-called “sell signal” was then triggered. This sell signal was uncovered with the help of TD9 Sequential indicated, which was created by Tom Demark, who happens to be a market analyst.
Based on the sell signal, the price of XRP will fall from its all-time high to 45 cents in just a matter of two months. In short, XRP will experience a staggering drop of 88%.
Now, the same sell signal on the weekly price charts has flipped buy. A similar signal was triggered twofold downtrend for the past 2 years. Though each sell signal created a short-lived rally, too much downtrend resistance took place. Not only that, but retracement also occurred.
However, the third sell signal can possibly bring good news. This time, the sellers might be exhausted, while the uptrend is potentially forming. That is possible as the weekly timeframes price charts will exhibit the essential buy signal.
Experts Say, “Buy XRP Now”
According to the current projects, online magazine Smartereum claims that the value of XRP will go up to $200 or $300 range within ten years.
The online magazine also stated that Ripple would be benefitted since the price surge of XRP will also trigger less volatility. The online content reads, “Experts agree upon the notion that five the network’s popularity, well-built platform, worldwide investing interests and penetration in the media and mainstream society, Ripple is bound to grow in the short, medium, and long-term.”
On the other side, following the next weekly close, XRP may trigger a 9-buy signal, unless Ripple can successfully break out and reach a powerful rally. In case it can break out against the USD without triggering the signal, Ripple can obviously lift off to the moon once more.