Peter Brandt, the iconic trader, believes XRP is at risk for a deep price drop. Brandt additionally suggested may be supporting the price above $0.24. But if that price range fell, XRP may unravel to $0.02.
XRP is one of the worst-performing assets in 2019, remaining stagnant for most of the year. XPR was unable to recover above $0.50 for long, and slid under $0.30 in a gradual decline. XRP slid by a net 30% in dollar prices in the year to date, but also lost around 75% of its value against (BTC).
The decline was due to several factors, including general weakness in altcoins. But XRP also faces unique selling pressures, including Ripple’s stored fund…
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