Breaking; It is Time to Sell $XRP

The price of the notable altcoin Ripple (XRP), saw its value nosedived tanking to the $1.9 support enroute to breaking the $1.8 support point.

With the RSI at 30, if XRP breaks the $1.8 bottom, we will expect a selling spree to the $0.60 support offering a buy opportunity for traders and investors. Hence the statement "It is time to sale XRP".

A bearish symmetrical triangle is already forming as the asset breaks the $1.9 support point.

However, in a bullish thesis, if the asset makes a bounce from the current support point to the $2.5 resistant there might be hope for Ripple.

In another news, XRP has fallen 12% this week as its ongoing decline continues despite growing institutional interest. The altcoin is struggling to recover, even with two XRP ETFs already live and two more scheduled to launch next week.

What Is XRP / XRP Ledger?
Launched in 2012, the XRP Ledger (XRPL) is an open-source, permissionless and decentralized technology. Benefits of the XRP Ledger include its low-cost ($0.0002 to transact), speed (settling transactions in 3-5 seconds), scalability (1,500 transactions per second) and inherently green attributes (carbon-neutral and energy-efficient). The XRP Ledger also features the first decentralized exchange (DEX) and custom tokenization capabilities built into the protocol. Since 2012, the XRP Ledger has been operating reliably, having closed 70 million ledgers.