Trader Peter Brandt Sees Ripple’s XRP Crashing
Peter Brandt, the iconic trader, believes XRP is at risk for a deep price drop. Brandt additionally suggested Ripple may be supporting the price above $0.24. But if that price range fell, XRP may unravel to $0.02.
https://twitter.com/PeterLBrandt/status/1161715314205364224
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 Bitcoin (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…
Source: investing.com
View original post
