RIP altseason? XRP price tumbles 13% despite Bitcoin’s $100K surge
XRP is down today, wiping out most of the gains made in December against Bitcoin, despite BTC price hitting $100,000.
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XRP is down today, wiping out most of the gains made in December against Bitcoin, despite BTC price hitting $100,000.
XRP could be in the midst of a “leverage-driven” pump as the price of the asset soars to reach new yearly highs.
XRP’s technical analysis points to a potential 20% price decline in December, with overleveraged positions likely exacerbating the downward pressure.
XRP could crash by 25% in the worst case scenario, particularly due to its overbought conditions that have preceded similar price crashes.
XRP has broken out of a seven-year consolidation pattern, signaling a potential 50% price surge in the months ahead.
An inverse-head-and-shoulder pattern is developing on the XRP weekly chart, awaiting a breakout toward $1.
XRP price is mirroring a 2021 bullish chart fractal that preceded a 500% rebound.
