The price of XRP decreased by more than 5 % today, as it slipped to less than $ 2.2, which sparked speculation among investors. With a wave of investors who evaluate the possible future performance, experts have made mixed predictions and increased nutritional discussions. It is worth noting that a famous merchant recently said that the Ripple currency may be disrupted to one dollar, while others provide difficulties despite the recent decline.
XRP PRICE RETRAT: A quick performance rating
The price of XRP today decreased by more than 5.6 % and the exchange of hands at $ 2.19 while writing amid a sales in the wider encryption market. The trading volume of one day increased by more than 17 % to $ 3.83 and touched the encryption at an altitude of 24 hours at $ 2.36. Moreover, the open interest of XRP Futures decreased by 2 % to $ 3.96 billion, reflecting the dark feeling in the market.
It is worth noting that Crypto has been combined between $ 2 and $ 2.5 over the past thirty days, while approaching a monthly rise of $ 2.97. However, on the monthly graph, Crypto lost about 0.5 % with its current performance.
It is worth noting that this landmark comes despite a set of good news in the market. For the context, Tyler Winslinfos co -founder of Jimini recently shared a decisive update to the Ripple army. Moreover, the United States of America is likely to descend from the long -term issue against Ripple, which strengthened the feelings of merchants.
The expert predicts the collapse of the XRP price to $ 1: this is the reason
Famous Peter Brandt appeared to be alarm In XRP, warn of a potential price collapse to $ 1.07 if Ripple fails to stick to the decisive level of support. Brandt, a veteran analyst with contracts of experience, selects a head and shoulder style (H&S) that is formed on the XRP chart.
According to Brandt, XRP is currently linked, and a break less than $ 1.9 may lead to a sharp decrease. He advised not to keep XRP less than this level, noting that the H & S mode of $ 1.07. However, Brandt indicated that the occurrence of a sign of $ 3 can nullify the landmark.
Meanwhile, this also comes as Brandt recently alluded to a possible decrease in the BTC price to $ 70,000. This has increased fears among investors, as Altcoins often tends to follow the Bitcoin path.
Other experts remain optimistic about the future of Ripple currency
Despite the recent prediction and the downside of Peter Brandt, a wave of experts remained optimistic about the future track of the XRP price. The famous analyst Cryptoelites again confirmed the $ 15 goal for Ripple’s original original, citing his previous 600 % since its initial prediction when XRP was traded at $ 0.50.
Another dark -expert lawyer also chanted this bullish feelings, which highlighted a clear upward momentum on the timeline scheme for 3 months. He expected the third wave to target 5.85 to 8.076 dollars and a fifth wave that is likely to reach $ 18.22-23.20 dollars. In addition, Dark Defender selects a upscale rectangular style, indicating its highest levels ever on the horizon.
Meanwhile, in the short term, Egrag Crypto predicts a possible “reverse” pattern, with a measured step targeting $ 3.7.3.9. These predictions, experts,, in contrast to Peter Brandt’s recent expectations, have helped compensate for some investor concerns regarding the future of the XRP price.
Robam Roy
RUPAM is an experienced professional with three years experience in the financial market, where he developed a reputation as an insightful career and journalist. It flourishes to explore the dynamic nuances of the financial scene. It currently acts as a sub -editor in Coingepe, RUPAM experience extends beyond the traditional borders. Its role includes breaking stories, analyzing developments related to the prosecution, providing actual time updates in the encryption market, and providing insightful economic news. Robam’s profession is characterized by a deep passion for the complexity of financing and the presentation of influential stories that resonate with a diverse audience.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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