Claim $500Analyst 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)
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2. Why is the Ripple open interest in a downtrend?
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