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XRP Price May Drop to $0.135, Crypto Trader Predicts

News
Sat, 11/30/2019 - 12:22
Yuri Molchan
After the recent slide below $0.25, the XRP price now may drop even further, a crypto trader claims
Cover image via U.Today

At present, the third biggest currency XRP is trading at $0.2286. A few days ago, it declined below the psychologically important level of $0.25.

Image via CoinMarketCap

This year, Ripple has been doing well with its market expansion. During the Swell conference in Singapore that took place in early November, the CEO Brad Garlinghouse announced that Ripple now has over 300 customers who are testing Ripple’s technology – xCurrent and On-Demand Liquidity (formerly xRapid).

One of those is the remittance giant MoneyGram, sending funds from the US to Mexico via XRP.

Related
Ripple’s ODL Dramatically Reduces Our Operational Costs: MoneyGram CGOO

All this, including the Swell event itself, was expected to propel the XRP price. It did not happen, though, to the frustration of many XRP holders.

Now, a crypto trader @trader1sz predicts that the price of the coin may slide even lower and hit $0.135.

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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