RATE Group | XRP Price Set for Big 40% Drop as Bitcoin’s Dominance Climbs Higher
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XRP Price Set for Big 40% Drop as Bitcoin’s Dominance Climbs Higher

26 Mar XRP Price Set for Big 40% Drop as Bitcoin’s Dominance Climbs Higher

Posted at 12:52h in Bitcoin News by

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Bitcoin (BTC) has been showing strength recently, as the price surged from $3,750 to $6,650 in a matter of one week. Not only have Bitcoin and crypto been showing strength, but a similar move is also seen in the equity and commodity markets. 

The United States’ equity markets have seen a relief bounce of 23%, while gold and silver showed a bounce of 13% and 25% as well. However, altcoins have been showing weakness, as Ethereum (ETH) is back to the 0.0205 satoshis level, while XRP (XRP) is now sitting on a crucial level. 

What can the markets expect for the XRP price? 

Crypto market daily performance

Crypto market daily performance. Source: Coin360

XRP holding crucial level in BTC pair 

The price of XRP is showing weakness, as the price is showing a clear downwards trend on the BTC pair. Alongside with the downwards trend, crucial support is tested for support. The support is 0.00002350-0.00002400 satoshis. However, losing this support level would cause the price to make a substantial drop to…

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