fxstreet.com 05 Feb, 2021 07:15 am

XRP breaks out of a crucial pattern and could quickly rise to $0.75 again

XRP breaks out of a crucial pattern and could quickly rise to $0.75 again
On January 30, XRP had a massive pump pushing the digital asset by 85% thanks to the WallStreetBets group and other Pump and Dump groups over Telegram

XRP price action is extremely volatile and hard to predict, investors must dread carefully.755 on February 1, the pump lasted less than three days as XRP price quickly plummeted down to $0.XRP/USD 1-hour chart It also seems that the number of whales holding at least 10,000,000 XRP coins has exploded by 16 in the past five days despite XRP price exploding.XRP Holders Distribution chart However, it’s important to note that XRP price is extremely volatile right now after the initial pump and dump and it could steeply drop at any point.

XRP price can easily fall towards the psychological level at $0.On January 30, XRP had a massive pump pushing the digital asset by 85% thanks to the WallStreetBets group and other Pump and Dump groups over Telegram which coordinated a push for the digital asset.

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