Analyst Predicts XRP Price Crash to $2 as Open Interest Falls, Death Cross Nears
Highlights
- XRP price is set for more downside as a death cross pattern nears.
- The futures open interest has continued falling after the recent liquidations.
- The volume in the spot market has been in a strong downtrend.
XRP price dropped for the third consecutive day as the crypto momentum faded. Ripple token plunged to a low of $2.3980, down by 35% from the year-to-date low. A popular analyst believes that the token may plunge below $2. This view is emphasized by the upcoming death cross and falling open interest.
Frequently Asked Questions (FAQs)
1. What is the most likely XRP price forecast?
2. Why is the Ripple open interest in a downtrend?
3. Is it safe to buy the XRP token dip?
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