Prediction: XRP's Downtrend Will Continue
Cryptocurrency XRP (CRYPTO: XRP) remains mired in a month-long slump that has seen its price fall below the $3 mark. XRP is now down about 25% after hitting a new 52-week high in July. Quite simply, this wasn't supposed to happen.
Some of XRP's sluggishness can be chalked up to general market malaise, as crypto traders wait for market bellwether Bitcoin (CRYPTO: BTC) to lead the way higher. But there are two important factors that could result in a much longer downtrend for XRP than many previously expected.
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Source Fool.com
