리플코인 전망Ripple (RXP) price could drop by 30% in coming weeks, according to a recent report from Cointelegraph.
Recently, Cointelegraph forecasted that XRP on the Ripple network could drop by 25-30% in the coming weeks due to a bearish pattern for several months, fears of oversupply, and profit-taking sentiment.
XRP reached its second-highest price ever in April last year at $1.98, but continued to decline while forming a triangle convergence pattern. If the trend continues, the bottom of the triangle convergence will collapse, and XRP is expected to fall from the current $0.77 level to $0.55 in the future.
XRP is also showing concerns about oversupply. Ripple Labs has placed 800 million XRP in escrow as part of a programmed withdrawal schedule. This is to secure Ripple’s operating funds.
In addition, as searches for XRP-related hashtags on social media have skyrocketed, it is expected that the recent 15% rise will be followed by a sell-off to take profit.
Connect with us
