Chain News by Thebittimes.Com

Ripple’s native token XRP is down close to 20% in a month. The downturn indicates that the bull run could be over as its price is on a slippery slope. While bulls were expecting the leading altcoin to breach the $4 mark, it now looks like it could fall below the $2 range. Investors are skeptical of taking an entry position, believing that the altcoin is yet to bottom out in price. Also Read: AI Models Reveal How Ripple May Surpass Rival Cryptos Will XRP Rise Again? Source: Coin Edition Yes, XRP will rise again, and that’s the way the market functions in a cyclic manner. The rise, fall, and sideways trading is the norm, but the million-dollar question is, how long will it last? Nobody, not even a seasoned investor, can crack the market timing, as it’s the only thing that cannot be tamed or controlled. Also Read: Canary Capital Sets Nov. 13 Launch for XRP ETF After SEC Shift Leading on-chain metrics and price prediction firm Wallet Investor has painted a bearish picture ...

XRP is crashing today and has dropped all the way down to $2.44—which is actually its lowest level since October 24 and represents a really steep 35% decline from the yearly highs. The crash has wiped out billions from XRP’s $157 billion market cap, and traders are now desperately trying to figure out why XRP is crashing, when the rebound will actually start, and also how high XRP can go once the recovery finally begins. Also Read: XRP Hits $9,000 for Seconds: Here’s the Truth XRP Price Prediction, Rebound Timeline, and Why XRP Is Crashing Source: Forbes / Getty Images Why XRP Is Crashing—Fed Decision and Whale Selling XRP crashing today comes right after the Federal Reserve cut rates by 0.25% along with their announcement that quantitative tightening will end in December. Donald Trump’s APEC meeting with Xi Jinping also went pretty well and produced some positive outcomes, but the thing is traders had already priced these developments into the markets. Right now, traders ar...