- Michael van de Poppe tweeted yesterday that XRP erased the losses of 15 months in just 24 hours.
- The analyst predicted that the long-term outlook for XRP may be positive.
- At press time, XRP was trading at $0.7065 after its price fell 0.51% over the past 24 hours.
The renowned trader and analyst, Michael van de Poppe, praised the price performance of Ripple (XRP) following the positive outcome of its SEC lawsuit. In the post, the analyst revealed that the remittance token was able to erase losses of 15 months in just 24 hours after the verdict in what he calls a “bull breakout”.
What $XRP did, is showing to you what a bull breakout does.Within a matter of 24 hours, losses of 15 months were erased.
Allocate wisely, DCA, don't get influenced by friends and social media and simply hold.
That's the key.
— Michaël van de Poppe (@CryptoMichNL) July 30, 2023
Additionally, van de Poppe suggested that investors should allocate their capital wisely in the future, implement a dollar cost averaging (DCA) approach, and not be influenced by friends and social media. He concluded the tweet by sharing that a long-term outlook will be key and investors should just ho…
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The post XRP’s Long-Term Outlook Remains Positive, According to Analyst appeared first on Coin Edition.