XRP price risks 30% decline despite Ripple’s legal win prospects
The Federal Reserve's rate hike spree will likely spoil XRP's most bullish fundamentals in years.
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The Federal Reserve's rate hike spree will likely spoil XRP's most bullish fundamentals in years.
XRP risks declining further in the coming weeks despite its eye-grabbing intraday price moves.
Macro risks and a long-term bearish setup continue to spoil XRP's bullish prospects.
A combination of technical, fundamental, and social sentiment indicators spell downside risks for XRP after its price rises over 8% week-to-date.
The so-called "mega whales" have accumulated over $712 million worth of XRP tokens since December 2021.
A fractal from 2018-2019 repeating could spell trouble for XRP's long-term upside outlook, however.
It's been "up only" in recent days for Bitcoin price action, but when a retracement hits, hopes are pinned on $40,000 holding.
The long-timeframe chart is painting a death cross pattern, however, suggesting a selloff ahead.
Encouraging signs are appearing across altcoin charts, Michaël van de Poppe says, while Bitcoin offers no surprises with a comedown from ten-day highs.
The digital asset xrp has gained more than 10% in value during the last seven days, shrugging off the losses a majority of crypto coins experienced last week. According to…