It's too easy to be bearish on XRP, the market sentiment dreamed up by maximalists of other coins is extreme.
But let's flip the chart and look at this without emotion. With no other information if you had to guess where this chart was headed next, you'd be wise to pick $1.00. It's a simple analysis.
There's nothing wrong with XRP as a cryptocurrency. Yes it has some large holders and sell pressure, so does BTC, so does ETH. XRP is oversold relative to ETH and BTC and very very due for a large upward correction.
But let's flip the chart and look at this without emotion. With no other information if you had to guess where this chart was headed next, you'd be wise to pick $1.00. It's a simple analysis.
There's nothing wrong with XRP as a cryptocurrency. Yes it has some large holders and sell pressure, so does BTC, so does ETH. XRP is oversold relative to ETH and BTC and very very due for a large upward correction.