Ripple’s XRP Looks Bullish – Here’s The Stop Loss Level To Keep An Eye On, According To Peter Brandt

Ripple and the digital asset XRP have been a lot in the spotlight this year. The two entities have managed to gain more recognition in the crypto space and not only.

The company bagged more partnerships and the coin marked more important listings which took it closer to mainstream adoption.

Also, implementations in WooCommerce (which powers about 3.3 million online stores), Gmail and Microsoft Outlook have also been beneficial for the coin’s adoption.

More than that, XRP could also get integrated into Skype for micropayments and Weiss Rating has also confirmed the possibility is real.

Peter Brandt has a bullish prediction for XRP

Peter Brandt is a really popular name in the crypto community, and he’s a leading chart analyst and also one of the very first traders who called out a bottom below 85% during the bull cycle on 2017.

He recently suggested that the bottom of BTC has already been hit back in December 2018.

More than that, he also hinted at the fact that we can look forward to another parabolic rise again in Bitcoin in the recent future.

Peter Brandt has recently said, “For now I am holding strong, but one always needs to know where the exit doors are located.”

Brandt maintains a bullish stand for the most important digital assets.

Here’s what he had to say about XRP, regarding a stop loss level that we should be keeping an eye on. This was reported by Coingape.

“A decline below $.3100 by XRP would be the biggest yellow flat of all — and a move below $.2800 would be an outright SELL signal.”

XRP in the news

In other important news, a paper that’s been released by the Private Equity and Venture Capital Association in Luxembourg (LPEA) said that Ripple’s XRP is a Payment Token and not a security token.

The paper classified XRP and BTC as Payment Tokens and not securities.

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