CandleFocus Analyst Reveals the Real Danger Awaiting Ripple (XRP) Bulls!
2024-12-06
Author: Content Editor
Some investors are concerned about the recent slowdown in the rise of Bitcoin and XRP, while others remain optimistic about a potential recovery. An analyst warns that as Bitcoin dominance increases, XRP could experience a significant decline, potentially leading to a mass liquidation of long positions in XRP. Despite the falling price of XRP, some investors are still hopeful and taking long positions. The analyst highlights that XRP's open interest has reached a significant level, surpassing previous highs in April 2021. The analyst predicts that once Bitcoin stabilizes and its dominance decreases, spot volumes and prices for XRP and other altcoins could rise again.
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