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Latest XRP Price Predictions — Is it on the Verge of Bigger Drop in the Next Few Days?

ByBit
  • Denis Sinyavskiy
    📰 News

    We've collected the opinions of analysts from Trading View on XRP. They turned out to be quite controversial.

Latest XRP Price Predictions — Is it on the Verge of Bigger Drop in the Next Few Days?
Cover image via

Yesterday's price drop for Bitcoin (BTC) pulled down the entire cryptocurrency market. Ripple (XRP) was also no exception to this recent pull down. For many trading view analysts, such a move was not surprising because it was predicted. However, there are so many individuals on opposite sides of the fence expressing their opinions.

The End is Near for XRP!

Popular Trading View blogger TradingAlchemist predicts a collapse in price for XRP to the level of $0.265. He also notes that before this movement, there will be possibly be a slight increase to the support zone. Since the November 8th forecast publication, the price of XRP has moving exactly along those lines.

XRP/USD Charts by TradingView

Another analyst nicknamed CryptoMobster believes that the price of XRP will continue to drop even further to around $0.24. Even the Swell Conference did not help Ripple regain momentum and change direction, indicating the approaching free fall for the coin.

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An Opposing View

The popular blogger classic87 has a different perspective on the matter. Based on his research, plots from previous years using the Fibonacci channel, classic87 believes that explosive growth should not be expected in the near future. Instead, XRP will go to the Moon during medium- and long-term growth periods!

XRP/USD chart by TradingView

As always, the opinions of analysts will be divisive - some will expect a fall in price, while others will expect a rise in price. However, Ripple's managers are doing everything they can to keep the coin afloat. We shall continue to watch this cryptocurrency's price changes and capitalization.

What do you think? Will XRP's price drop even lower? Don’t be shy to voice your opinion. Leave your comments down below!

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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Bitcoin Is Classic Pump-and-Dump Scheme, Says Peter Schiff

ByBit
  • Alex Dovbnya
    📰 News

    Gold proponent Peter Schiff thinks that Bitcoin evaporating its 40 percent pump proves that it's a pump-and-dump scheme

Bitcoin Is Classic Pump-and-Dump Scheme, Says Peter Schiff
Cover image via u.today

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

Euro Pacific Capital CEO Peter Schiff has come up with a new insult for Bitcoin, calling it "a classic pump-and-dump scheme."

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Peter Schiff Reacts to Sudden Bitcoin Price Drop: "Get Ready for the Dump!"

Peter Schiff Reacts to Sudden Bitcoin Price Drop:

"You're being played"

Schiff continues to assert that Bitcoin's 40 percent pump on Oct. 25 was the result of price manipulations. The fact that Bitcoin's has completely trimmed these gains in just four weeks definitely flies in the face of bulls.

The gold bug explains that the pump was meant "to sucker in" momentum buyers to dump their bags later. This is supposed to be a wake-up call for all buyers.

Earlier, Schiff lambasted Bitcoin holders for not being able to see through the shenanigans of whales who are selling their coins on the verge of a major price.        

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Bitcoin Price Could Drop to $2,000 or Even to $200, According to Peter Schiff

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Other bears are waking up 

Mark Dow, the trader who famously shorted Bitcoin at its current all-time high, recently resurfaced on Twitter with a succinct "Bitcoin is dying" tweet, which came in handy right on the verge of Bitcoin's drop to the $7,500 level.     

While some bulls might be tempted to dismiss Bitcoin price moves recorded on the lower time-frames as "noise," the long-term picture is also gloomy. As reported by U.Today, crypto market analyst Willy Woo opined that Bitcoin might not replicate the success of previous halvening cycles due to its unusual bearishness. 

In this Telegram channel you’ll find fresh news, interviews, infographics, forecasts & other helpful stuff. Join U.Today's channel.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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