RATE Group | XRP Price Still 30% Above Support, Price Could Tank: Here’s Why
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XRP Price Still 30% Above Support, Price Could Tank: Here’s Why

31 Dec XRP Price Still 30% Above Support, Price Could Tank: Here’s Why

Posted at 01:13h in Cryptocurrency News by

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While Bitcoin (BTC) has had a harrowing past few months, tanking by 50% since the June peak, XRP has been having it worst.

The third-largest cryptocurrency, which trades behind Ethereum in terms of market capitalization, has collapsed by 50% since the start of 2019, a period which saw Bitcoin gain 95%.

It should come as no surprise then that analysts are currently fearing the worst.

Per previous reports from Ethereum World News, Joe Saz, a cryptocurrency trader and regular guest on BlockTV, went as far as to remark that XRP is “floating in outer space” and in a serious downtrend, drawing attention to a descending channel that has formed on the asset’s chart.

That begs the question: where will XRP’s price bottom after the harrowing downtrend that has been seen this year?

XRP Price To Drop Another 30% Before Bottom

According to a recent tweet from il Capo of Crypto, a trader closely analyzing assets in the cryptocurrency space, XRP’s closely…

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