XRP Could Plunge Towards $0.21, Fears Analyst After Price Rallies 50%


XRP has gained approximately 50% in the past two weeks alone. The asset now trades at $0.32 as of this article’s writing, reaching highs not seen since earlier this year. Analysts are not convinced that the altcoin continues to press higher despite the price action. One trader says that XRP has the potential to drop towards $0.24, then $0.21, before heading higher. XRP Could Drop Towards $0.21: Analysts XRP has seen a stellar price performance over the past few weeks. Following Ethereum’s parabolic price trajectory, the altcoin has gained over 50% in the span of just two weeks. For the first time since June, it has crossed above the pivotal $0.30 resistance. Bulls seem to decisively be in control, or so some thought. According to a recent analysis by Michael Van De Poppe, XRP faces a drop towards either $0.245 or $0.212 as it presses up against resistances. Van De…

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