RATE Group | Trader Who Predicted XRP Would Hit $0.13 Thinks This Comes Next
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Trader Who Predicted XRP Would Hit $0.13 Thinks This Comes Next

03 Apr Trader Who Predicted XRP Would Hit $0.13 Thinks This Comes Next

Posted at 02:50h in Cryptocurrency News by

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In the middle of February, when the cryptocurrency market (XRP included) was pumping to multi-month highs, emotions were running high; there was a class of Bitcoin investors who expected their favorite orange coin to rocket past its $20,000 all-time high by the time of the halving, as irrational as that may now sound.

So, when a prominent crypto trader shared the below chart, depicting that XRP, then at $0.27, was on the verge of falling by 50% towards a “potential long-term bottom” between $0.13 and $0.15, many shunned the sentiment.

But, just a month later, his prediction was proven to be correct when XRP hit $0.13 (and wicked as low as $0.115) in the now-infamous Black Thursday crash, during which all global markets saw a massive hemorrhaging of wealth due to fears about the economic impact of the coronavirus.

Here’s what he expects to come next.

XRP Could Continue Lower, Accurate Analyst FOrsees

According to the same trader who nailed the $0.13 call, XRP is currently in the…

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