Veteran Trader Warns XRP’s 96% Crash from $3 High Isn’t Over Yet

Although all cryptocurrencies have had it tough over the past few weeks, XRP has been hit especially hard. The altcoin, the third-largest crypto asset by market capitalization, fell as low as $0.105 on Thursday from its 2020 high of $0.345 established just weeks earlier, marking a drop of 70%.

Despite this brutal performance, a veteran cryptocurrency trader is warning that XRP may be on the verge of falling even further in the coming weeks and months.

Does XRP Price Have Further to Fall?

Veteran commodities trader Peter Brandt, who has embraced digital assets, recently posted the below chart to Twitter, writing:

I said I would never again post a chart of XRP. But, I thought you all might be interested in what it means to have ‘White Space below’.

While he didn’t convey a price prediction for the cryptocurrency, the comments in response to this tweet quickly filled in the gaps; what he depicted was that there is seemingly no price support for XRP until it returns from whence it…