Analytics / Forex and Crypto News
Altcoin XRP was able to recover to the area of $0.21 last week, however, many analysts agree that the price of XRP will descend again over the next few weeks.
Recently, the stablecoin Tether overtook XRP from the third line of the rating of the largest cryptocurrencies according to the CoinMarketCap service. Altcoin capitalization fell to $8.98 billion. At the time of publication, XRP is traded at $0.2026.
Since the beginning of 2018, the cost of altcoin declined by more than 90%. Trader Benjamin Blunts believes that XRP will continue to decline soon.
During four weeks, the weakening trend of XRP will dominate. The coin during this time will fall in price by about 20% to $0.16, the analyst predicts.
At the moment, XRP is the worst digital asset of the top 10 in terms of profitability.
Note that Benjamin Blunts is known for the fact that in mid-2018 he fairly accurately predicted the fall of Bitcoin to $3200. Therefore, many users of social networks take his forecasts very seriously.
During November, ICO-projects sold 416K ETH. This is the largest figure since the summer, reports Trustnodes.
According to Santiment, in August, ICO startups sold only 100,000 ETH. In September, sales of digital currency increased significantly, reaching 300 thousand ETH. In Nov