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Home News Ripple News

Ripple XRP price goin downhill to $0.25? Expert speaks

Johnson Go by Johnson Go
Oct 07, 2019 at 11:15 pm
Updated Aug 02, 2020 at 06:00 am
in Ripple News
1 min read
Ripple XRP price goin downhill to $0.25? Expert speaks
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Ripple XRP price has been recurrently sticking around at a price around the quarter of a dollar ($0.27). This was when the currency was closely following Bitcoin’s (BTC’s) trends in the crypto-market along with a few other cryptocurrencies.

In 2018, the value of XRP was around three dollars ($3) which reduced to that of a quarter ($0.25) and has been this quite frequent.

Twitterati cryptocurrency analysts, however, the patterns show the possibility of an on-coming bullish trend for XRP. Various major analysts have illuminated how significant technical patterns anticipate bullish trends.

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Experts on Ripple XRP price movement

A very famous cryptocurrency analyst on Twitter named Loma, who is one of the proponents and advocates of XRP’s probable parabolic movement, recently tweeted about how this would be the high time to invest in XRP. He also that such a drastic downfall is not limited to XRP but all the altcoins are facing it.

Honestly, really not a bad place to load up on XRP.

I get the argument that it could break this support area (from where it went parabolic) but barring a disaster exclusive to Ripple, I think that would spell doom for many alts not just XRP. pic.twitter.com/0rQd4iKDOs

— Loma (@LomahCrypto) October 6, 2019

 

On the other hand, some analysts also happen to be on the pessimistic end of predictive Ripple XRP price trends.

They believe that as the markets convey a weak form, XRP may dump against BTC. Another popular twitter analyst Soleil Du Soir exclaimed how the downward spiral of XRP will be devastating.

https://twitter.com/soleil_dusoir9/status/1180769754270912513

 

Even though it is observed how Bitcoin (BTC) turns out to be the pipe-piper for all the altcoin trends in the cryptocurrency market, it is very possible that the Ripple XRP price in the near term will be according to its current support and investors. The future of XRP depends entirely on how many investors trust in its future.

Johnson Go

Johnson Go

Blockchain enthusiast, project management specialist, writer and crypto investor. JG deals mostly with problems and solutions of crypto projects and provides market outlook for investments. He contributes his analytical skills to projects.

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