As the XRP price continues to experience volatile market movements, a prominent Ripple (XRP) trader has raised some concerns. The trader believes that the XRP price may be entering a ‘danger zone,’ especially at a time when its altcoin competitor, PCHAIN, is thriving.
As the 7th largest crypto asset by market capitalization, Ripple (XRP) has been one of the top assets in the crypto market. However, recent developments have sparked questions about the future of the XRP price. With the ‘danger zone’ lurking for Ripple, investors are shifting their attention to its thriving competitor, PCHAIN.
PCHAIN is the utility token of the PropiChain platform, a blockchain-based decentralized real estate ecosystem. The platform aims to disrupt the $300 trillion global real estate market, with PCHAIN offering investors early access to the future of real estate.
The XRP Price Recent Performance & the Danger Zone Warning
Ripple (XRP) faced difficult times throughout 2023, dealing with regulatory hurdles and market volatility. These challenges have also trickled into 2024, putting pressure on the XRP price while its altcoin competitor thrives. The challenges further give credence to the Ripple trader’s projection that the ‘danger zone’ is near for the XRP price.
On September 22, 2024, Ripple (XRP) lost 2.38% of its market value within two hours. This resulted in the loss of XRP’s key support level, the 200-day moving average. The XRP trader highlighted that the loss was more dire because it occurred on the daily timeframe on the chart.
The danger didn’t stop with breaking the XRP price key support level. The trader also noted that XRP had a bearish retest of the 50-day moving average on the weekly chart. According to this trader, the last time such price action was witnessed on the Ripple chart, the XRP price lost 33% of its value, and investors lost millions of dollars.
Ripple’s Altcoin Competitor’s Thriving Performance
At a time that the XRP price performance is getting closer to its ‘danger zone,’ and investors risk losing hundreds of millions of dollars, this altcoin competitor, PCHAIN, is thriving. PCHAIN has gained significant traction, especially with its ongoing token presale.
Some analysts project that the token will hit 4,000x ROI for early investors before the end of 2024. PCHAIN allows real estate investors to own fractional portions of real estate assets. With McKinsey projecting that tokenized real-world assets will hit $2 trillion in a few years, analysts project PCHAIN’s price will soar massively.
Many analysts point to PCHAIN’s solid fundamentals and the value proposition of its parent project, PropiChain, as the reason for its thriving performance. The rise of this altcoin and other real-world asset (RWA) tokens highlights the increasingly competitive landscape for Ripple (XRP) and the XRP price fluctuations.
PropiChain Using AI, NFT Technology, Smart Contract, and The Metaverse to Power The Future of Real Estate
PropiChain aims to disrupt the $300 trillion real estate market using four-pronged technological innovation. The platform uses AI-powered virtual assistants and chatbots to provide investors 24/7 support on navigating the real estate marketplace efficiently and effectively.
PropiChain AI technology also offers market predictive analysis, providing investors with detailed insights into future market trends and how to capitalize on potential massive gains. PropiChain tokenizes real estate assets with NFT technology, allowing investors to purchase fractional portions of high-value real estate properties.
PropiChain uses smart contracts to automate property leasing processes and monthly rental payments, eliminating administrative burdens on property owners. The smart contracts also eliminate intermediaries and potential bottlenecks from third-party oversight.
The Metaverse feature is a game changer and arguably the first in the global real estate market. This feature allows property owners and investors to scout for properties from their homes in 3D virtual reality. Investors can only have a detailed property tour if they are physically present.
Conclusion
The future outlook of the XRP price remains uncertain as the Ripple trader highlights the looming danger zone for the asset. However, XRP whales appear to flock toward the PCHAIN token presale as the altcoin thrives.
With an early entry price of $0.04 for the presale, analysts believe early investors could earn a massive 700% when the token lists for $0.032. Join the PCHAIN presale now and join the ranks of XRP whales seeking massive gains.
For more information about PropiChain presale:
Website: https://propichain.io/
Join Community: https://linktr.ee/propichain
Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses.
