- Founder of Crypto Capital Venture Dan, created a poll to choose between investing $100K in BTC or XRP.
- XRP is up 2.19% in the last 24 hours and is trading at $0.385.
- The rebound line seems to be too hard for XRP to break through as it ricochets after hitting the rebound line.
Founder of Crypto Capital Venture Dan Gambardello asked the crypto community which cryptocurrency they would invest 100k on. Gambardello hosted a poll on Twitter for the crypto community to choose XRP or BTC if they were given 100k immediately to fully invest.
Results show that nearly 76% of the respondents were ready to invest in BTC, compared to almost 24% who were ready to go all in with XRP.
Meanwhile, there were some interesting comments on Gambaradello’s post. One crypto netizen replied that Dan was getting paid to shill XRP. The netizen’s comment read, “Won’t lie getting paid shill vibes with Dan and XRP.” In response to this, Dan denied all the allegations.
As of press time, XRP has been predominantly fluctuating within the $ 0.395 and $0.385 during the last seven days. XRP reached its maximum price of $0.395 on December 9 and tanked to its lowest– $0.372 yesterday.
XRP is trading at $0.385 at press time, it is up 2.19% in the last 24 hours, according to CoinMarketCap.
As shown in the chart below, XRP has been ricocheting on and off the rebound line as indicated. Another significant characteristic of XRP is that its price has always been under the 200-day MA line. Despite XRP breaking through the 200-day MA on multiple occasions, it wasn’t able to retain its position.
It either hit the rebound line and went up to the 200-day MA or crashed below the rebound line to Support 1 and returned to its usual position between the rebound line and Resistance 1.
Currently, after tanking to Support 1, XRP has gained some momentum and is testing the rebound line from below. If the bulls keep adding more pressure, XRP could break the rebound line.
The RSI indicator (purple) is placed at 60.77, denoting that the trend is well set. However, the Bollinger bands are widening; hence there could be more volatility for XRP.
Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk, Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
