Major XRP Buying Opportunity: $1 Gets You 6 XRP As Markets Bleed

There’s a major XRP buying opportunity right now as the XRP token hit the lowest level of 2020 during the major sell-off on the market.
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The founder Brad Garlinghouse believes that XRP is clear to buy right now and he is not wrong so le’ts find out more in the upcoming ripple price news.

Ripple’s XRP token experienced a huge drop in price during the global sell-off on the crypto markets and traditional financial markets as well. The third-largest digital asset with the current market value of $8.3 billion, lost about 10 percent in a day to trade at $0.1883. XRP even reached a new intraday low at $0.1838 which is the worst level in December 2019. The CEO of the blockchain company promotes the XRP token saying there’s a major XRP buying opportunity even better than gold. He wrote:

‘’Why buy #gold when you can buy #ripple $xrp !! Ripples are worth so much more. Collect as many ripples as you can.
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How many XRP’s can you get before time runs out?!’’

According to Brad Galinghouse, oil is crashing as well because of all of the money that will flood Ripple. He truly believes that the coin has the major potential to survive the crisis even if the world economy collapses soon:

‘’The reason why #oil is tanking is because all the monie is flooding to #Ripple $xrp’’

XRP/USD is in an oversold territory with the intraday RSI showing zero signs of reversal. the price usually tends to get in the Bollinger Band which means that the XRP/USD pair could recover from the recent low position at $0.1900. if this happens, the next resistance of $0.1983 will come into focus. The major upside target is created by the psychological $0.2000 and SMA50 1-hour at the $0.2070 level. On the downside, if the $0.1800 manages to withstand, the sell-off could be extended towards $0.1752 which is the lowest level of 2019 that was reached in December.

The next support level for XRP will come at $0.1680 or on the lower line of the weekly Bollinger Band, once the downside RSI on the long-term charts, shows that the sell-off could be resumed after the short-lived recovery as per the ripple price news.