What does the future hold for XRP?

By Azure95 | Azure | 16 Dec 2020

As we all know, the situation regarding the price of XRP since the flair token snapshot has been a mess to say the least.

It was probably rather obvious tho that this was going to happen. XRP was extremely overbought because of the news regarding flair.

So allot of people just held the coin specifically for that. That in turn sparked the infamous FOMO.

So what happen? Almost immediately the value of XRP dumped after the snapshot when all the holders that just wanted to get the flair drop exited the market. Allot of weak hand probably settled with a loss to and sold their holdings.

Even tho Bitcoin is going strong, XRP still struggles to perform, but hopefully it will find it's support not all to low.

XRP

xrp 2

We are in a real nail biter here, if it break the channel downwards, (0,40$-0,43$) that would mean that potentially it will dump even lower. On the other hand if we break the upper limit XRP might just find the momentum it needs to recover. Let's all bag hold with strong hands now, cause that is truly needed.

Cryptocurrency Crypto Ripple (XRP) XRP chart

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Azure95

Hello boys and girls! Thank you for tuning in. I would describe myself as a rather curious person with a wide range of interests, but mainly focusing on photography but also crypto. I'm an educated engineer with a focus on industrial pipe construction.

Azure

Hi there! Here i will write about anything i find interesting in particular, so the topics can vary allot, but everything is something that found my interest. Examples of topics would be, photography/Photoshop, electronics, physics, food, music, games, crypto and more.

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