RATE Group | Popular cryptocurrency analyst forecasts Ripple’s XRP fall to $0.03
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Popular cryptocurrency analyst forecasts Ripple’s XRP fall to $0.03

30 Nov Popular cryptocurrency analyst forecasts Ripple’s XRP fall to $0.03

Posted at 10:18h in Cryptocurrency News by

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  • Magic believes Bitcoin price fall to the $1,000 range could impact XRP drop to $0.03.
  • Magic says that Ripple should have made it mandatory for its clients to use On-Demand Liquidity for cross-border payments.

Ripple’s XRP is trading at $0.23 on Saturday, the last day of November, 2019. The cryptoasset has recovered slightly from the previous dive to $0.2027. However, Magic, a popular crypto analyst on Twitter spells out doom for XRP. In his latest forecast of both Bitcoin and XRP, Magic reckons that Bitcoin is going to the $1,000 range while the latter could drop to a mere $0.03.

“While I love XRP (and I do believe that it is superior to all other cryptocurrencies) if BTC falls to the 1000 range as I’m currently anticipating, I think XRP could simultaneously fall to 0.03. I hate to report that, but that’s what the charts suggest, if BTC falls to 1000.”

He finds Ripple at fault for creating payment options that do not require XRP. In his opinion,…

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