RATE Group | Analysts Anticipate XRP to Plummet Even Further After Setting 3-Year Lows
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Analysts Anticipate XRP to Plummet Even Further After Setting 3-Year Lows

22 Mar Analysts Anticipate XRP to Plummet Even Further After Setting 3-Year Lows

Posted at 21:43h in Cryptocurrency News by

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The aggregated cryptocurrency market has firmly entered a bout of sideways trading over the past couple of days, which has come about in the time following the market’s recent upswing seen earlier this week that allowed XRP and other altcoins to gain some decent momentum.

It now appears that XRP could be positioned to see significantly further downside in the near-term, despite bulls’ ability to recapture its position above its key support at $0.15.

One analyst is noting that this next selloff could be as great as 30% or more, leading it back to its bedrock support.

XRP Rebounds from Multi-Year Lows as Crypto Market Consolidates

At the time of writing, XRP is trading down 2% at its current price of $0.154, which marks a notable decline from daily highs of over $0.16.

Earlier this week, the crypto was able to garner some notable upwards momentum that came about in tandem with Bitcoin’s climb to highs of $6,900. This led it to rally as high as $0.17, which is around where it lost…

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