Citing The Crypto Basic, a market analyst known as Block Bull warns that XRP could face a 68% price drop to $0.66 if it fails to recover in the coming weeks. The analyst attributes the recent breakdown of a key symmetrical triangle on the weekly chart to ongoing bearish pressure, which has pushed XRP below critical support levels. With the broader crypto market in decline, XRP has lost over $43 billion in market cap since October. The analyst highlights the potential for a rebound, however, if the upcoming Franklin Templeton XRP ETF, expected to launch on November 24, can offset the downward trend. The ETF is seen as a potential game-changer, following the success of the Canary Capital XRP ETF, which attracted $245 million in inflows.
Analyst Warns XRP Could Drop to $0.66 Unless Franklin Templeton ETF Launches
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