After the severe Bitcoin price drop that started last week quickly brought BTC down from $ 7,400 to the $ 6,000 region, the XRP price also dropped from $ 0.19 to $ 0.15.
As Bitcoin continues to fall along with the gold and financial markets today, XRP is also down a bit further and is currently trading at $ 0.14.
Analysts seem to be falling in price and don't expect the third largest coin to make any bullish reversal soon.
'Calm down, wait for less than $ 0.1'
XRP enthusiast Rob Art believes that Ripple coin will definitely continue to decline and $ 0.10 will not play a supporting role. The support level of 0.13 has just been broken. Now, he predicts prices are less than $ 0.1.
As mentioned on numerous occasions, there’s no support at $ 0.10 for XRP. There was support at $ 0.13 and it broke. Didn’t hold. Remaining calm, awaiting sub $ 0.10.
– 🇨🇭Robert Art 🇨🇭 The Wolf of Rekt Street (@RobertArtRobArt) March 16, 2020
“Nspoiled mentioned many times, there is no support at $ 0.10 for XRP. There is support at $ 0.13 but is already were break. Is not hold. BCalmly wait below $ 0.10 ”.
‘Inability di moved fast in next few days ’
Trader ProjectSyndicate from TradingView also share His prediction about the next XRP price dynamics. The next move is unchanged. The market needs time to digest the recent price decline of XRP.
So follow XRP/USD and major levels for short-term trading. Price likely locked in the range, because its just dumped huge, so do not likely move fast in the next few days or even weeks. CYou need time to digest big moves happened on the market”.
Twitter user Sir Gordon Gekko also posted a discount chart.
– Sir Gordon Gekko 👑 (@ gordongekko369) March 16, 2020
“XRP is flickering”
'XRP is not designed to be a store of value'
Trader JOKER quoted Brad Garlinghouse and emphasized that XRP was never defined as a store of value but rather as a global reserve currency. Trader also commented on the falling Bitcoin price, saying that BTC has failed to function as a store of value. He tweeted:
– JOKER (@KiaCrypto) March 16, 2020
“Apparently, Brad said XRP was not designed to be a store of value but a global reserve currency. Bitcoin failed with this role”.
You can see the price of XRP here.
Disclaimer: This is not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.
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