Analyst makes chilling XRP forecast, investors scramble to revenue sharing altcoin for refuge

With XRP facing a potential drop to $0.50, investors are shifting toward Rollblock, a revenue-sharing altcoin that’s rapidly gaining attention.

The XRP price continues to stall as it threatens to breach a critical support level that could lead to a plunge below $1 if buying activity doesn’t pick up. To mitigate risk, XRP investors are rotating funds into undervalued projects with untapped potential that could yield substantial returns as the cycle progresses. 

One such project is crypto casino Rollblock (RBLK), a new entry in the crypto gaming space. The RBLK presale has attracted tens of thousands of early investors, raising over $11 million in record time. As interest grows, analysts expect Rollblock’s valuation to reach a critical mass and surge once the RBLK token hits the markets.

Rollblock turns heads with its gaming platform

Rollblock continues to tear through milestones as over 50,000 users joined the viral presale of the RBLK token and are already enjoying the platform’s massive gaming library. Rollblock is set to turn the $450 billion gaming industry on its head with its transformative framework, which leverages the Ethereum blockchain as its foundational layer. 

By bridging the gap between DeFi and online gaming, Rollblock brings its users the best of both worlds. This means unmatched ease of access and robust security protocols without sacrificing transparency and user privacy.

More than 8,000 games await new players, ranging from all-time favorites such as roulette and blackjack to live games for the thrill of a real Vegas experience. In addition to this, sports enthusiasts can enjoy a sports betting option, further expanding the scope of the Rollblock experience.

Why Rollblock is ahead of the competition

Rollblock has been designed to double as an investment vehicle, and through its revenue-sharing system, users will be able to earn passive income with zero hassles. 

To sustain this, Rollblock will reinvest up to 30% of its weekly revenue to perform open-market buybacks. A portion of this amount will be redistributed to investors, encouraging long-term holding. The rest will be burned, creating the ideal deflationary environment for scarcity-driven price growth. 

Until the end of March, users can participate in the Mayhem initiative and earn a 30% bonus for each friend they refer. 

This pattern could spell doom for the XRP price

Analyst Peter Brandt shared a bearish outlook regarding the XRP price. He pointed out that a head-and-shoulders pattern is shaping up on the XRP chart, which typically foreshadows a major price breakdown. If this projection plays out, XRP could plunge below $1 in the coming months and potentially bottom out at around $0.50.

At press time, XRP is trading at $2.16 after experiencing a sharp rejection at the $2.47 resistance level. On the daily timeframe, XRP has posted a 7.6% loss after fully retracting its recent gains. A glance at the monthly chart reveals that XRP has been range-locked at around $2.30 and is currently testing the lower bound of its price channel. 

As uncertainty grips the market, futures and perpetual traders are taking a step back from XRP, as reflected by the 1.3% decrease in Open Interest (OI), now standing at $1.6 billion. XRP’s recent dip also resulted in a significant liquidation event, as more than $22 million worth of long positions were wiped out, forcing market participants to tread carefully.

The RBLK presale offers a safe haven

In stage 10 of the presale, RBLK is currently priced at $0.062 and an 800% rally is expected by the end of the presale as demand keeps growing. But this is just the start of Rollblock’s moon mission — once the token is listed on major exchanges and the crypto gaming narrative starts ramping up, a 100x multiplier could be in the cards.

For more information on Rollblock, visit the website or socials.