Top Investor Expects XRP Price to “Slide” Lower Due to This News

[Shahinaz]

The crypto market hasn’t done too hot over the past three days. Since the start of the week, Bitcoin has tumbled to $6,850, falling as low as $8,450 earlier Wednesday.

Funnily enough, however, BTC has been one of the best-performing cryptocurrencies; altcoins Ethereum and XRP have been hit especially, especially hard. ETH, for instance, is down 11% since the weekend, and XRP has shed some 12%, crushed under the pressure of a falling Bitcoin.

Despite this harrowing performance from the third-largest cryptocurrency, a prominent trader suggests that the drop is just starting.

XRP Price to Drop Further?
Speaking to Forbes, Joe DiPasquale, CEO of cryptocurrency hedge fund manager BitBull Capital, remarked that the aforementioned altcoin is likely to suffer more, despite XRP already trading at its lowest price in over two years. DiPasquale remarked:

“XRP has been historically very sensitive to adoption-related news pertaining to banking and money services partners, since they represent the biggest clientele for Ripple’s services… Now, with Bitcoin’s price also experiencing downward pressure, we expect the cryptocurrency to slide further due to this news.”


more: https://en.ethereumworldnews.com/top-investor-xrp-price-slide-lower-news/