Crypto Gloom

XRP Price Prediction: Mike Novogratz Says Ripple’s XRP Is “Totally Wrong” As Investors Scramble To Make The Right Decision In This Presale With 10X Potential.

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By Crypto Gloom

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XRP price fell 3% to $0.6050 as of 3 AM ET, with trading volume down 7%.

This comes after Ripple price faced rejection in its supply zone, which extended from $0.6572 to $0.7161, a seller-heavy area.

With XRP price struggling to breach the vendor congestion zone, investors are scrambling to make the right decision to buy BTCMTX while they still can.

According to analysts, the token has a tenfold potential once it is listed on the exchange.

Meanwhile, Galaxy Digital CEO Mike Novogratz walked back his comments doubting the potential of Ripple and XRP as an ecosystem. The cryptocurrency billionaire was skeptical about the potential of Ripple’s price due to the amount of XRP tokens the San Francisco-based payments company holds.

Mike Novogratz Expresses Faith in XRP

RealVision appears on Novogratz said He had doubts about the sustainability of XRP as an ecosystem since Ripple owns about 60% of the token’s supply.

However, he is now congratulating Ripple CEO Brad Garlinghouse and his team. “The XRP army is real,” he said. “They care about the ecosystem and the coins.”

Elsewhere, Ripple lawyer John E. Deaton identified a “single threat to cryptocurrencies” and it is none other than US Securities and Exchange Commission (SEC) Chairman Gary Gensler. In his opinion, Senator Elizabeth Warren is her industry’s only enemy, and Deaton observed that she is the one giving Gensler the command.

This comes after Senator Warren proposed legislation to ‘crack down’ on the cryptocurrency industry. In her opinion, the sector needs “greater compliance” because it promotes criminal activity.

XRP price prediction

Even after the supply barrier was rejected, XRP price continues to remain above the $0.5773 support. However, given that the Relative Strength Index (RSI) is below 50, bears have the upper hand. A southward tilt also indicates a decrease in momentum.

The red histogram bar of the Awesome Oscillator (AO) indicates the presence of weakness in the Ripple market. Increasing selling pressure could see XRP price expand south, potentially losing the $0.5773 support. In a severe case, the slump may extend for the price to test the $0.4595 support. Such a move would result in a 25% decline from current levels.

XRP priceXRP price
TradingView: XRP/USDT 1-day chart

On the other hand, if investors come in late, the resulting buying pressure could push XRP price north into the supply zone at $0.6572 to $0.7161. A break and close above the average threshold of this order block at $0.6869 would confirm the continuation of the northward move.

A decisive candle close above the $0.7333 resistance level will keep the supply zone bullish, setting the pace for the continuation of the trend, with XRP price likely to reach the $0.8505 local high last tested in July.

In a very bullish case, XRP price could hit a high of $0.9380, which would represent a 60% increase from current levels.

As XRP price takes its next step, consider BTCMTX, the project of choice for anyone looking to become a Bitcoin holder. This project does not offer BTC tokens, but it does give you the opportunity to mine them in the easiest way possible.

A promising alternative to XRP

BTCMTX powers the Bitcoin Minetrix ecosystem. Tokens are sold for $0.0122, but this price will increase within 4 days. Buy BTCMTX before the price rises.

This token is one of the best cryptocurrency presales to consider ahead of the next BTC halving. And with talk of spot BTC exchange-traded funds (ETFs) gaining popularity, now is the best time to own BTC, and Bitcoin Minetrix makes it possible. Buy BTCMTX, one of the 5 best cryptocurrency presales you can buy right now.

To date, the pre-sale goal has exceeded $6.079 million, reaching $5.247 million. At the rate of sales, this goal may soon be achieved. Don’t miss it for any reason.

The project decentralizes and tokenizes the entire process, eliminating the risk of fraud as there are no third parties.

Visit the Bitcoin Minetrix website to purchase BTCMTX here.

Also read:

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