XRP Bearish Forecast: Potential Epic Crash Below $0.40 Looming
Wednesday, 17 April 2024, 12:26
XRP's Bearish Outlook
Though hopes remain high for a rally toward $1, XRP has been in a precarious position, notably due to the legal battle between the SEC and Ripple Labs.
Expert's Opinion
- CoinsKid suggests that XRP's bulltrap may turn into a beartrap, indicating a potential lower low and further downside.
Overall, technical analysis reflects a bearish sentiment on XRP with indicators showing a strong sell rating across multiple time frames.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.