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<ul class="news-points"> 
 <li>An analyst from Cheeky Crypto predicted that XRP’s price may drop to between $0.47828 and $0.48303 soon.</li> 
 <li>The analyst also warned that XRP could drop to $0.30-$0.3039 as a death cross may occur in the coming week.</li> 
 <li>At press time, XRP was changing hands at $0.4933 after dropping 0.552%.</li> 
</ul> 
An analyst from the cryptocurrency trading and analysis channel, Cheeky Crypto, predicted that the price of <a href="https://coinedition.com/tag/ripple-xrp/" rel="noopener noreferrer nofollow">Ripple (XRP)</a> may continue to fall in the coming few weeks. In the <a href="https://www.youtube.com/watch?v=yY0gobbeuBE" target="_blank" rel="noopener noreferrer nofollow">video</a>, the analyst shared that his downside target for XRP’s price is between $0.47828 and $0.48303. 
Notably, the 50-day SMA line was attempting to cross below the 200-day EMA line. If these two lines cross, it will trigger a significant bearish technical flag, known as a death cross. Subsequently, the analyst warned that investors and traders may react negatively to the technical flag — forcing XRP’s price down even more in the medium term. 
If this bearish thesis is validated, the Cheeky Crypto analyst anticipates that XRP’s price may drop to between $0.3517 and $0.3927. Thereafter, he believes the altcoin’s price may bounce before a final move down to between $0.30 – $0.3039. 
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The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/xrp-may-drop-to-0-47828-in-the-short-term-according-to-analyst/">XRP May Drop to $0.47828 in the Short-Term, According to Analyst</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

XRP May Drop to $0.47828 in the Short-Term, According to Analyst

Coin Edition

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