CandleFocus Market Expert Says XRP Fears Are All Noise, Provides Price Update Amid Downtrend
2024-12-20
Author: Content Editor
XRP, the fourth-largest cryptocurrency, has experienced a significant downturn in the past 24 hours. However, market strategist Egrag Crypto insists that this is just noise, emphasizing that XRP is currently retesting a key price mark. In a tweet, Egrag Crypto states that even if XRP drops below $1.9, it is not a cause for concern. The strategist suggests that if XRP recovers from this region, it could spark bullish momentum and form a double bottom on higher timeframes. Furthermore, Egrag Crypto believes that XRP may be entering a macro range between $2.00 and $2.90, similar to its previous range between $0.5 and $1.00. Analyst DonAlt also speculates that XRP is a good altcoin to play in the current market, considering its recent dump. XRP is currently trading at $2.1780, recovering from a drop to $1.9601, but is still down 8.34% in the past day and 10.62% in the last seven days.
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