thecoinrepublic prediction article written on XRP price highlighted that the recent 18% crash happened due to profit booking from an ATH of $3.66.
thecoinrepublic prediction article also stated that the primary reasons for intense crash in past three dasy was because Ripple co-founder Chris Larsen joining entities that have been selling XRP and a delay in the Ripple vs SEC lawsuit settlement.
The sell off was highlighted by an onchain investigator ZachXBT he said that Chris Larsen has moved out 50 million XRPs that amounts over $175 million.
thecoinrepublic prediction article also had deep dive on Ripple and SEC case update, that mentioned Judge Analisa Torres rejected ruling motion on July 26.
the analayst further said in “thecoinrepublic prediction article” that XRP dipped to $2.98 and under worsening situation it could pull back more to $2.80.
But, $2.80 falls in 0.5 fibo level that could initiate another demand and could push to $6 this time.
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