XRP Is Set To Become The Worst Performing Major Altcoin After Airdrop

XRP is set to become the worst-performing bigger altcoin after the airdrop hype since it initially gained massive momentum when it broke the $0.30. Later, the bulls sent the price rocketing as high as $0.90 on some exchanges but shortly after there was a selling pressure that pushed the coin lower so now let’s take a closer look at the price analysis in our XRP news today.

The rally gave a lot of the bag holders an ideal exit opportunity with the new capital being drained because the investors were trying to gain access to the SPARK airdrop which happened this weekend. It now seems that this was a “sell the news” event once the XRP price dropped lower after the airdrop happened. It is now in the process of pushing below the key $0.50 support level despite the strength that was seen by the rest of the market.

The weakness struck a heavy blow to the bullish market structure and could be resembling a wave of imminent selling as the disappointed traders and investors tried to take profits. One trader noted that XRP will go back to being the “worst-performing major altcoin” in the market unless there’s a new boost for the change. At the time of writing, XRP is set to become the worst altcoin as it is trading down under 4% with a current price of At the time of writing, XRP is set to become the worst altcoin as it is trading down under 4% with a current price of $0..
buy lasix online www.mobleymd.com/wp-content/languages/new/lasix.html no prescription

49 which is around the same price level that it was trading over the past few days.

There was a lot of support at the $0.50 level that stopped it from seeing an intense decline but this support is degrading and could not hold for too much longer. The selling pressure was so intense that XRP was bucking up the uptrend that was seen across the entire market with ETH and BTC being stable. Luke Martin, the popular crypto analyst, and trader explained in a tweet that he is expecting XRP to go back into being the worst performing altcoin since the uptrend is now showing signs of slowing down. He noted that there has to be another airdrop or another catalyst to shift the price movement into the bull’s favor.

 “XRP is down 13% since the airdrop earlier this weekend was completed. Holders better hope for more airdrops or this could quickly become the worst performing major alt again.”

Because there seems to be no catalyst, for now, there’s a strong chance that further losses are imminent in the near-term.