Crypto Analyst Confirms XRP’s Vital Role in Future Financial System
Analyst 589Bull refutes the narrative that “XRP is dead,” asserting that the altcoin is integral to the future financial system. Key points include:
- XRP is being integrated into the next financial system.
- Ripple is digitizing liquidity and creating financial corridors using XRP.
- Retail investors should focus on long-term holding rather than short-term price movements.
- Current price declines are viewed as a trap to eliminate weak hands before potential surges.
- Institutions are launching futures and ETFs while retail investors panic over price drops.
Analyst CasiTrades notes that XRP's market setup remains unchanged, but caution is warranted as it attempts to break out after stalling at a critical retracement level. She highlights:
- XRP needs to test major support levels, specifically $1.90 and $1.55, for a breakout.
- Current price action indicates potential short-term challenges.
- The XRP price is around $2.07, down nearly 2% in the last 24 hours.
