đ°Crypto Analyst Says XRP Price Will Crash 80% To $0.10, Whatâs The Trigger?
đ XRP saw some recovery over the weekend, maintaining bullish momentum. However, experts predict the altcoin may not sustain this trend, with one analyst forecasting a massive crash.
đš XRP Price On The Verge Of An 80% Crash
A crypto analyst, âWithout Worries,â on TradingView, suggests XRP might crash by 80%. Analyzing the altcoinâs performance over the last two years, the analyst notes that XRP has been trading in an uptrend channel, which recently failed. He predicts a reversal could bring the price down to $0.1, a significant drop from its current value around $0.5.
đ Could The Uptrend Continue?
The analyst acknowledges a scenario where XRP could continue its uptrend if it re-enters the channel and holds support at $0.3. However, he deems this unlikely, as the price has already exited the channel. If $0.3 doesnât hold, the price could fall to $0.1.
đč Currently, XRP is holding above $0.52, with a 1.33% loss in the last day but a 2.82% gain over the last week. XRP remains the 7th-largest cryptocurrency with a market cap of $29.3 billion.