CandleFocus As XRP Falls Top Trader Says XRP Investors Could be Left Holding the Bags Again
2024-12-05
Author: Content Editor
Prominent trader Elon Trades has questioned XRP investors, suggesting that they could be left with losses as XRP retraces some of its December gains. XRP has fallen by over 17% in the past three days following its peak at the $2.9 resistance level. Elon Trades had previously opened a short position on XRP, which has now become profitable as XRP's price has dropped. Some analysts believe the current correction is healthy for the market and expect a rebound, while others, including Elon, caution that history could repeat itself and XRP holders may face significant losses. Despite the recent drop, XRP is still up 17% in December and outperforming Bitcoin.
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