Analyst Highlights Potential Entry Point For Ripple (XRP)

• According to Michael van de Poppe, XRP could be nearing an entry point with good potential soon.
• At press time, XRP was worth $0.6302 after its price rose by 0.22%.
• XRP’s price dropping below the 50-day EMA line on its daily chart could be followed by a price drop to $0.5663.

Ripple (XRP) could be nearing an entry point with good potential soon, according to a Twitter post shared by the renowned cryptocurrency trader and analyst Michael van de Poppe earlier today. In the post, the analyst predicted it might be a good idea to buy the remittance token when it hits a price of $0.5663.

Van de Poope also explained the reasoning behind his belief that XRP’s price could fall soon. According to him, the lack of interest in the market means that traders are a bit more conservative. As a result, corrections might be more significant for the time being.

The “heavy impulse” due to the news about Ripple beating the SEC in the infamous lawsuit also means that big holders could…

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