XRP, the third-largest cryptocurrency by total market capitalization, is on the rise as if wanting to take second place. The XRP / USD trading pair, which gained 100% within a week, is still rising and is not affected by corrections. So are the next targets for Ripple investors?
XRP rose as high as $ 0.75, a level not seen since November 2018, after breaking the critical $ 0.70 resistance. Bank of America news from Ripple is also known to be effective in today’s FOMO. XRP actually broke a record in price and terms of trade volume, increasing this record every minute.
However, the analyst touched on a possible correction for the XRP / USD trading pair and stated that the price could retreat to the $ 0.36 and $ 0.33 zone. World-renowned analyst Crypto Michael also warned both XRP and ETH investors on this issue, urging them to be careful.
Michael van de Poppe emphasized that many people are attracted to FOMO right now. Although the analyst stated that there would be more increases in the coming months, he explained that caution should be exercised in protecting the capital. In 2017 bull, it is known that many investors took serious losses from BTC, XRP, ETH, and all altcoins.
For this reason, it is vital to place a stop order or determine the exit point when following the rise of the third-largest cryptocurrency.
The information in the content of the article is for informational purposes only. It does not constitute any investment advice.