RATE Group | Could XRP Fall 35% to $0.12? Multiple Analysts Think So
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Could XRP Fall 35% to $0.12? Multiple Analysts Think So

28 Dec Could XRP Fall 35% to $0.12? Multiple Analysts Think So

Posted at 03:51h in Cryptocurrency News by

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XRP hasn’t done too hot over the past few months, both in terms of its performance against the U.S. dollar and against Bitcoin.

Unfortunately, some expect the altcoin’s prospects to get worse.

Prominent cryptocurrency trader Bagsy recently remarked that he expects the cryptocurrency’s price to draw down by 35% to $0.12 over the coming months, noting that this is where there is historical support on the charts.

It isn’t only Bagsy that is looking for XRP to drop to the $0.12 range.

Per previous reports from Ethereum World News, Joe Saz, a cryptocurrency analyst and contributor to industry media outlet BlockTV, remarked that at $0.192, XRP is currently “floating in outer space,” meaning without any notable support nearby, and remains in a very serious downtrend (a descending channel, to be exact), implying that there will be bearish price…

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