As reported by this outlet earlier today, the value of Ripple’s XRP has performed so poorly over the past few years that it on March 13th’s flash rash hit “almost three-year lows,” as pointed out by Brave New Coin’s Josh Olszewicz.
just now looking at the $XRP chart
didnt realize it hit almost 3 yr lows
— Josh Olszewicz (@CarpeNoctom) March 22, 2020
In fact, with the cryptocurrency trading at $0.15 as of the time of this article’s writing, it is more than 90% below its all-time high of $3.30, established at the peak of 2017’s and 2018’s crypto-mania. Even since the year started, XRP has fallen by 20%, underperforming Bitcoin’s relatively mild -14% performance.
Despite this underperformance, a top analyst, who has been accurate in calling much of BTC’s short-term moves over the past few weeks, is expecting a retracement back to the yearly lows at $0.12. Here’s why.
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