Editor's PiCK
Peter Brandt suggests potential decline for XRP…"Support at $3 is important"
Summary
- Peter Brandt said that the price pattern of XRP could be potentially very negative.
- Some experts expect that approval of a spot exchange-traded fund (ETF) for XRP and asset tokenization on the XRPL and increased payment activity could lead to long-term value appreciation.
- The outlet said Bitcoin $100,000, Ethereum $4,000, XRP $3 are likely to be important baselines in the crypto market for the coming weeks.
U.S. prominent crypto asset (cryptocurrency) trader Peter Brandt (Peter Brandt) gave a negative outlook on the price pattern of XRP.
On the 30th, according to crypto asset specialized media Cryptopolitan, Peter Brandt said, "My analysis may be wrong, but the current flow suggests that XRP may decline in the cryptocurrency market." He also said, "XRP's price pattern could be potentially very negative (potentially very negative)."
On the other hand, some experts expect that the possibility of approval of a spot exchange-traded fund (ETF) for XRP and increased asset tokenization and payment-related activity on the XRP Ledger (XRPL) will lead to long-term value appreciation.
The outlet added, "Bitcoin $100,000, Ethereum $4,000, XRP $3 are expected to be important baselines in the crypto market for the coming weeks."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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