XRP News: Why XRP Could Fall to $1.50 and What It Means for Investors

The post XRP News: Why XRP Could Fall to $1.50 and What It Means for Investors appeared first on Coinpedia Fintech News

The well-known market analyst, The Block Bull, has warned that XRP might experience a big decline in the next few weeks. After reaching a high of $2.90 this December, XRP quickly lost its upward momentum. Meanwhile, the asset appears to have entered a correction phase, signaling a further price drop to $1.50 and even more.

The Block Bull thinks XRP’s downward trend might already be starting. On December 12, XRP’s price dropped by 2.34%, ending a small winning streak. While XRP has shown some signs of strength since then, the analyst believes the coin could drop to $1.50 by next week.

My theory is XRP is done with its consolidation from tomorrow and will begin its descent.

Bitcoin will correct 30-35% from 19th December.

I wouldn’t be surprised if $XRP is $1.50 next week and then eventually 50cent between Xmas and new year.