Prediction: XRP Will Lose 50% of Its Value -- Here's Why
XRP is down 50% in six months. It's going to fall further.
Overview
XRP (CRYPTO: XRP) trades around $1.10 today. That's down close to 50% over the last six months despite billions of inflows into the relatively new spot XRP ETFs. So, what gives? And more importantly, is this a bottom, or is XRP heading lower?
I think there's further to fall -- a lot.
Details
That's not because of anything Ripple, the company behind the token, is doing wrong -- far from it. Ripple is executing about as well as any private crypto business out there. It has spent billions acquiring firms that push it deeper into traditional finance, and it keeps signing partnerships with major banks and financial institutions.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.