Analyst Gives 3 Reasons Why XRP Price May Fall 35%

Analyst Gives 3 Reasons Why XRP Price May Fall 35%


Ripple blockchain’s native token XRP is up more than 25 percent so far into 2020. Nevertheless, the fourth-largest cryptocurrency is still looking to pare those gains, according to a string of bearish indicators brought forward by a TradingView.com analyst.

The US-based chartist pitted XRP/USD against three technically bearish setups. They included a long-term Moving Average wave, a Bearish Divergence between price and momentum, and a ‘death cross.’ Together, all three suggesting an extended dive towards $0.15, a classic support level situated 35 percent below the current rate.

XRP, Ripple, cryptocurrency, Bitcoin

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Ripple chart shows XRP/USD in a large downtrend move. Source: TradingView.com Ripple chart shows XRP/USD in a large downtrend move. Source: TradingView.com Price-Momentum Conflict

At first, the TradingView analyst highlighted a trail of lower highs and higher lows that

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