RATE Group | Analysts Think Ripple’s (XRP) Price Chart is “Absolute Trash”: Here’s Why
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Analysts Think Ripple’s (XRP) Price Chart is “Absolute Trash”: Here’s Why

12 Jan Analysts Think Ripple’s (XRP) Price Chart is “Absolute Trash”: Here’s Why

Posted at 19:17h in Cryptocurrency News by

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There’s no doubt the crypto market has suffered a brutal beating in the last 48 hours. Bitcoin, Ethereum, XRP, and a majority of other leading cryptocurrencies have all posted approximately 8% losses since Tuesday’s peak, tumbling as buyers failed to maintain the relatively high prices seen in the uptrend.

While all cryptocurrencies seem to be following Bitcoin at the moment, with altcoins posting effectively the same performance as BTC, analysts are convinced that XRP’s chart is the most harrowing out of all major cryptocurrencies.

Related Reading: These 4 Factors Are Building Bitcoin Price’s Colossal Bull Case

In fact, one prominent cryptocurrency trader, who called Bitcoin’s $3,000 bear market bottom near the start of 2018, argued that the third-largest cryptocurrency “looks like absolute trash, probably the worst out of all the majors.” While he didn’t give a price prediction, others have.

XRP Price Poised to Fall Off Cliff?

Cryptocurrency trader Capo of Crypto has…

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