While Bitcoin (BTC) has had a harrowing past few months, tanking by 50% since the June peak, XRP has been having it worst.<\/p>\n
The third-largest cryptocurrency, which trades behind Ethereum in terms of market capitalization, has collapsed by 50% since the start of 2019, a period which saw Bitcoin gain 95%.<\/p>\n
It should come as no surprise then that analysts are currently fearing the worst.<\/p>\n
Per previous reports from Ethereum World News<\/a>, Joe Saz, a cryptocurrency trader and regular guest on BlockTV, went as far as to remark that XRP is “floating in outer space” and in a serious downtrend, drawing attention to a descending channel that has formed on the asset’s chart.<\/p>\n That begs the question: where will XRP’s price bottom after the harrowing downtrend that has been seen this year?<\/p>\n According to a recent tweet from il Capo of Crypto<\/a>, a trader closely analyzing assets in the cryptocurrency space, XRP’s closely notable level of support is around 30% below the current price of $0.195 at around $0.15. This means that the cryptocurrency’s downtrend is still a ways from ending.<\/p>\n $XRP<\/a> levels pic.twitter.com\/wBFqdE2A0w<\/a><\/p>\n — il Capo Of $NOIA (@CryptoCapo_) December 30, 2019<\/a><\/p><\/blockquote>\nXRP Price To Drop Another 30% Before Bottom<\/strong><\/h2>\n
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