Claim BonusAnalyst 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?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
24 Hours volume
$2.95B
Market Cap
$88.16B
Max Supply
100B
Related Articles
- Crypto Traders Reduce Fed Rate Cut Expectations Even as Expert Calls Fed Chair Nominee Kevin Warsh ‘Dovish’
- Crypto, Banks Clash Over Fed’s Proposed ‘Skinny’ Accounts Ahead of White House Crypto Meeting
- XRP News: Ripple Expands Custody Services to Ethereum and Solana Staking
- Bernstein Downplays Bitcoin Bear Market Jitters, Predicts Rally To $150k This Year
- Breaking: Tom Lee’s BitMine Adds 40,613 ETH, Now Owns 3.58% Of Ethereum Supply
- Cardano Price Prediction as Bitcoin Stuggles Around $70k
- Bitcoin Price at Risk of Falling to $60k as Goldman Sachs Issues Major Warning on US Stocks
- Pi Network Price Outlook Ahead of This Week’s 82M Token Unlock: What’s Next for Pi?
- Bitcoin and XRP Price Prediction as China Calls on Banks to Sell US Treasuries
- Ethereum Price Prediction Ahead of Feb 10 White House Stablecoin Meeting
- Cardano Price Prediction as Midnight Token Soars 15%
