No products in the cart.
- Latest
- Trending
ADVERTISEMENT
The cryptocurrency analyst who correctly predicted this year’s Bitcoin (BTC) crash says XRP is likely to drop by more than 50%.
A pseudonymous analyst known in the industry as Capo told his 541,600 Twitter followers that the open-source digital currency XRP is still on a downward trend despite its recent rise.
According to charts shared by Capo, XRP looks poised to plunge to the high timeframe support of $0.20.
“XRP”
As of this writing, XRP is trading at $0.447, down more than 5% on the day. The sixth-largest crypto asset by market capitalization is up nearly 40% from its 30-day low of $0.32, but remains down more than 86% from its all-time high of $3.40.
Another altcoin on the trader’s radar is Stellar Lumens (XLM) is a crypto asset designed to act as a bridge between two fiat currencies when sending money abroad. According to Capo, XLM is poised to surge to his target of $0.16 before resuming the downtrend.
“I will use XLM for a long time.”
At the time of writing, XLM is at $0.118, flat for the day.
Analysts are also eyeing the Reserve Rights Token (RSR), a cryptocurrency designed to promote the stability of an asset-backed stablecoin known as the Reserve Token (RSV). According to Capo, the RSR still has upside potential, even though he’s up over 90% in just two weeks.
Supports resistance flip on previous key level. The next target is $0.012, while the main target remains $0.017. I haven’t made a profit yet. It’s just tracking profit stops.
At the time of writing, the RSR is trading at $0.0099, up 4.95% on the day.
Don’t miss a beat subscribe to get encrypted email alerts delivered straight to your inbox
Price action confirmation
Please follow us twitter, Facebook When telegram
Surf The Daily Hodl Mix
 
Featured Image: Shutterstock/Mia Stendal
