Posted 11/20/2023, 10:06:00 PM
XRP Price Slumps Nearly 14% in Two Weeks As Banks Favor Polkadot Over Ripple
- XRP price has fallen 13.67% in past two weeks, wiping out nearly half of early November gains
- Polkadot has overtaken XRP in crypto asset exposure among 19 major banks according to Basel Committee report
- Banks remain cautious on crypto, but Polkadot now accounts for more exposure than XRP
- Crucial support lies at $0.600; losing this could erase all of XRP's November gains
- Macro conditions need to improve for XRP to sustain any significant rally