The crypto market cap has decreased considerably in the past three days. Most analysts point to heating geopolitical tension and macroeconomic factors like rising CPI inflation as the main reasons for the drawback.
Besides Bitcoin and Ethereum , which saw double-digit losses, several top-ten cryptocurrencies were severely hit. One of them is Ripple , which, at press time, has dropped to $0.48 —a 33.3% decline from its most recent peak of $0.72 on March 11.As the crypto market remains volatile, a popular crypto analyst, EGRAG CRYPTO, is considerably bullish, stating that XRP is poised for gains of between 1000% and 3000%.
Further, the chart suggests that, if successful, breaking above the triangle pattern could lead XRP to prices above $10 or even $20. In these turbulent trading days, it might be hard for 99% to comprehend the market’s performance. However, the chart below indicates a potential price target between $10 to $22 if similar partial moves are repeated.
Yet several commenters were not convinced, given that XRP has been caught in a consolidation zone for several months. However, EGRAG CRYPTOAI Will be One of those Areas Where Blockchain has Genuinely Improved: Flare Network’s CEO Hugo Philion One Weekly Email Can Change Your Crypto Life.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments.
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