Wow. Not only does bitcoin have the night again returned, but all the altcoins are feeling the pain. XRP is no different, as the currency is now at its lowest point over the last two years. At this time, the value of 22 cents (about 20 cents).
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A long bear market
This morning it was a XRP to 0,200050 dollars, and this is the lowest price in two years ‘ time. Two years ago, it was the starting point for the parabolic growth rate of XRP for $ 3.
$XRP traded at under $0.21 today, for the first time in nearly two years (December 2017).
Other things being equal (@ceterispar1bus) November 25, 2019
For the price, it can only move up, right?
Now that we have this several times already passed, there are analysts who believe that the 20 cents again, it’s the beginning of a part of the bullrun can be of help.
With the popular trader of Crypto Welson drew the first’s attention at the end, in the emotions of the market. Welson is a good sign that the price of the XRP at the moment, trade at a significant langetermijnondersteuning. Also, it is the Relative Strength Index for the one-day chart is oversold. This combination, according to Welson confident of a significant growth in the coming months.
$XRP is currently hovering below 30 cents, and the world seems to be more bearish than ever.
Isn’t it weird how people’s minds work? They’ve become more bearish the further we drop…
We’re at support right now, and I’m expecting a massive run-up in the coming months. ?? pic.twitter.com/lJbI7blmne
— Welson ? (@CryptoWelson) On November 24, 2019
Also, CryptoBull is very positive about the potential for the market price of XRP, it’s a bit more moderate. He compared the prices with those of march, 2017. On the basis of his research, he expects that this will be the start of a run in the direction of 30 cents. From there, the course continued to grow. Of course, this is not a 100% guarantee, but, as he implies, certainly, that there is the potential for at the very least, a recovery in prices.
#XRP comparison. The Yellow line is March 2017, versus now. Wales will initiate the line-up soon. As soon As it is weak, people start to sell, and the whales can’t buy your XRP more, we will through. STOP, SELLING. pic.twitter.com/ogrtVJ661g
— CryptoBull (@CryptoBull2020) On November 24, 2019
Most of the major altcoins like Ethereum, Litecoin, and others, depending on the volatility of the exchange rate of bitcoin. Whether it’s an advantage or a disadvantage, that is, it is up to you to figure it out, but the price of XRP is moving independently of that of bitcoin.
One example took place in early 2018, with down. Bitcoin reached its peak of $ 20,000, but with XRP happened, but that’s okay. Until bitcoin started to go down, which gave the XRP room to get to the highest point ever increasing.
Euphoria is the heat
One would expect that if a coin every two years; the soil is reached, the price will only increase. That is, of course, is not a foregone conclusion and let the Rennet Computer listed below to see.
$XRP in the coming 2 weeks.#xrp #xrpcommunity#fibchannel #stillBearish #reversalEOY? pic.twitter.com/TPMmsw7LWV
— Rennet Computer (@leb_crypto) November 25, 2019
According to the trader belongs to 16 cents and still have the potential for the XRP.