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XRP Price May Drop to $0.08 – Never Felt So Good, Investor Says

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  • Yuri Molchan
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    Despite the current XRP price hanging at $0.22 and the reсent 1 bln XRP release from escrow, this XRP investor says the price could drop further and is happy about it

XRP Price May Drop to $0.08 – Never Felt So Good, Investor Says
Cover image via 123rf.com

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.

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On Sunday, Ripple released another 1 bln XRP (that’s around $225 mln) from escrow, as reported by U.Today earlier. Now the crypto community fears another XRP price slump. Considering the fact that now the third largest coin on the market is trading at $0.22, things perhaps do not look so good to short-term investors.

However, long-terms ones are ready for the volatility roller-coaster and are only happy when any big coin’s price drops in order to buy the dip.

One of those investors says that the XRP price may slide even lower than now – down to $0.08 but this does not seem to worry him much.

‘XRP is trading below $0.23 - never felt so good’

An investor @KiaCrypto writes that at right now XRP is trading below $0.23. This is great, he says, never felt so good.

This is normally said by crypto fans and investors when they are going to buy more while the coin is cheap. The person says that as per charts, the XRP price may decline even stronger – down to $0.13 (a potential double decline) or even to $0.08. The more dips XRP takes, the harder it will pump later, he says.

On Saturday, another XRP community member tweeted that the XRP price is likely to drop to $0.135. A similar forecast to what @KiaCrypto has made.

Bullish expectations on XRP

Not all are happy about a possible XRP price drop, though. Some investors believe that the fair price of the coin exceeds one USD and that the actual market price should match it soon.

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Ripple-backed platform now instantly sends USD to Bitstamp

An Australian company FlashFX that has been using Ripple’s On-Demand Liquidity (formerly known as xRapid) for a while now allows users to send their USD instantly to the Bitstamp exchange.

FlashFX writes that users no longer have to wait for SWIFT to send their cash which takes several days. ODL now allows doing that almost instantly.

Subscribe to U.Today on Twitter and get involved in all top daily crypto news, stories and price predictions!

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Bitcoin Price Likely to Surge to $8,200 Before Surprising Bulls: Crypto Analyst

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  • Yuri Molchan
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    A crypto analyst says that Bitcoin follows ‘standard crypto games’ and expects BTC price to surge to $8,200 before making a market reverse

Bitcoin Price Likely to Surge to $8,200 Before Surprising Bulls: Crypto Analyst
Cover image via 123rf.com

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

After Bitcoin bulls reclaimed the $7,400 level earlier, the flagship currency is holding in the $7,500 area. A crypto analyst says that these are ‘standard crypto games’ – Bitcoin is likely to surge into the $8,000 area before plunging again.

Bulls, get ready to rock - $8,200 on the horizon

At press-time, Bitcoin is swapping hands at $7,544. For a long while prior to that the price was trading flat in the $7,200-$7,300 area.

However, on Friday, the Bitcoin price managed to recover to the $7,500 level.

BTC price CMC
Image via CoinMarketCap

The analyst @CryptoMichNL reckons that Bitcoin is following a standard pattern of the volatile crypto market and is going to please the bulls before giving them a nasty surprise of a bearish reversal.

‘Bitcoin halving is the main catalyst’

The next Bitcoin halving programmed by Satoshi Nakamoto, the Great and Terrible, is to happen in May 2020. Many in the community believe it to accelerate the Bitcoin price surge since miners have not priced it in.

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Doubts about the BTC halving impact

However, a co-founder of the Morgan Creek Digital Jason Williams, the less Twitter-active than his colleague Anthony Pompliano, reckons that the Bitcoin price is likely to dip after the halving. The thing is that miners are going to get twice as fewer BTC for each new block than now and many of them are going to have to sell their BTC to pay the bills.

Besides, chances are high that small mining pools will quit since mining will stop giving them enough profit.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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