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Trading Legend Peter Brandt Suggests That Ripple’s XRP Price Could Drop to $0.02

  • Alex Dovbnya
    📰 News

    Brandt believes that the XRP price will be in a full-blown freefall if Ripple isn’t able to manipulate it anymore

Trading Legend Peter Brandt Suggests That Ripple’s XRP Price Could Drop to $0.02
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Commodity trading vet Peter Brandt has recently taken to Twitter to share his analysis much sought-after technical analysis on crypto when the community desperately needs that.

According to Brandt, Ripple’s XRP, which is leading the market rout, could soon be completely annihilated.

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XRP will crash and burn

Brandt is certain that Ripple’s ‘make-or-break’ moment will come once XRP appears in the $0.2400 region, which is not that far-fetched considering that the third biggest coin is currently trading at $0.2586 on the Bitstamp cryptocurrency exchange.

If the XRP price drops below that level, it could go all the way down to $0.0207 given that Ripple won’t be able to hold support any longer.

This is not the first time that the prominent chartist voiced his doom-laden prediction about XRP.

While Brandt believes that Ripple is a ‘well-managed’ company, he sticks to the common narrative that it manipulates the price of its native token.

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A bigger picture

However, Brandt is now leaving the ranks of Bitcoin bulls since the crypto king is still outpacing its previous bull run despite the most recent price drop.

BTC is changing hands at $9,708 on Bitstamp after a brutal sell-off.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Bitcoin Price Likely to Decline to $7,800: Crypto Analyst

  • Yuri Molchan
    📰 News

    Bitcoin is to find support at $7,800 or recover to $8,300, an analyst writes, but either way ‘continuation of the ranging on either of the levels is going to occur’

Bitcoin Price Likely to Decline to $7,800: Crypto Analyst
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Over the last few days, Bitcoin has been trading below the $8,500 area. At the moment, it has recovered to $8,258 after the recent slip below the $8,100 level.

Analysts have been bullish on BTC in the long run, however, the nearest BTC price movements are expected to be bearish.

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The crypto analyst @CryptoMichNL believes that there are two paths ahead of Bitcoin at the moment. If it fails to recover to $8,300, he says on his Twitter page, then the market should be ready for the flagship coin to drop and find support at the $7,800 or $7,300 levels.

Whichever way it goes, ‘continuation of the ranging on either of the levels is going to occur’.

The analyst tweeted this forecast twice with an hour pause.

Subscribe to News.U.Today on Twitter and get involved in all top daily crypto news, stories and price predictions!

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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