Why Analysts Think XRP Will Plunge At Least 40% Against Bitcoin

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With recent rallies in altcoins from Ethereum and XRP to Cardano and more, it seems it’s “altseason” once again. Bitcoin dominance, after all, saw a crucial rejection that suggests altcoins have room to rally to the upside. Yet there remain analysts that believe XRP is unlikely to benefit from a rally in the altcoin market. XRP Is Poised to Fall Even Further, Says Trader as Fundamental Case Remains Weak Against Bitcoin and against the U.S. dollar, XRP has performed rather well over the past week. Yet a trader isn’t convinced that a rally even higher will follow suit. He noted that as long as there isn’t a strong fundamental case for the asset, it is unlikely to gain strength against Bitcoin. Instead, the analyst thinks it will bleed out against BTC, as can be seen in the chart below. “I don’t think this pumps without fundamentals and for now I…

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