Recent market shifts have seen XRP pushed below the $0.45 price level for the first time in almost a month, setting off speculation about whether it could drop to $0.10. Close friend of well-known crypto analyst Egrag had suggested that this is likely. Egrag himself weighed in on the debate, noting that while such a price drop is indeed possible, it is not supported by his technical indicators or Fibonacci targets. The analyst predicted that such a significant drop would be caused by a rare Black Swan event which is the result of excessive or unjust regulation, and that if it did happen it would be a “generational opportunity” to purchase the asset. He did, however, make it clear that this should not be taken as investing advice. Despite the current turbulence, XRP has still managed to gain 0.50% in the past 24 hours, currently trading for $0.4704. Egrag had previously predicted that the asset may revisit the territory between $0.43 and $0.48. It remains to be seen whether it will be able to reclaim the $0.50 level once again.



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