XRP Price Prediction: Ripple Token Plunges 7% As Traders Pivot To This Crypto Wallet ICO For Insights Into The Best Presales
The XRP price plummeted over 7% in the last 24 hours to trade at $2.23 as of 3:48 a.m. EST as investors dump their holdings in the crypto on the market. With the recent drop in the Ripple price, the crypto’s negative weekly performance has been pushed deeper into the red zone to more than 16%. XRP Price Stuck In A Bearish Channel 4-hour chart for XRP/USD (Source: GeckoTerminal) The XRP price has printed multiple lower lows and lower highs on the 4-hour chart in the last 24 hours, resulting in the formation of a negative price channel. Should this negative trend continue, the crypto might soon lose the support of the $2.1252 mark. Continued sell pressure could then lead to the XRP price falling to as low as $1.8319. On the other hand, traders identifying the current price as a buy opportunity could lead to a rebound. In this more bullish scenario, the altcoin might attempt to escape the bearish channel. Overcoming the upper boundary of this channel could then give the XRP p...