$XRP has followed Bitcoin off a cliff. After grinding sideways around $1.30 for most of October, XRP broke down on October 29 and 30, sliding from $1.32 to a low of $1.21 in under 36 hours. At the time of writing, XRP trades at $1.247, down roughly 5% on the week and below the $1.30 level that had absorbed every dip since October 14.
XRP/USD chartThe seven-day chart tells the story clearly. A first leg down on October 29 took XRP from $1.32 to $1.28, the bounce failed at $1.31, and a second leg on October 30 cut straight through $1.30 and wicked down to $1.21. The recovery since then has stalled at $1.26, well short of reclaiming the broken level.
Why Did XRP Price Crash Below $1.30?
The $1.30 line (orange on the daily chart) had been the floor of the October consolidation. XRP tested it on October 14, 16, 21, 24 and 27, and every time buyers stepped in. This week, two daily candles closed below it in a row, and the Octob...
English (US)