Posted 11/25/2023, 2:50:00 AM
XRP Price Slides 19% in Two Weeks, But Long Term Growth Still in Sights
- Ripple aims to revolutionize the potentially $300 trillion cross-border payment industry by 2030
- XRP price has declined 19% in past 2 weeks and needs to reclaim $0.644 support for a recovery rally
- XRP saw over $500k in institutional investment inflows last week, bringing 2022 total to $68 million
- XRP price likely to see sideways movement until investors make a definitive move to accumulate or sell
- MVRV ratio shows XRP investors are refraining from buying or selling until clearer signs emerge