XRP Price Faces Potential Drop Despite Bullish Long-Term Outlook
• XRP price faces potential 20% drop toward $0.50 support level based on historical price fractals • Spike in XRP held by richest addresses hints investors are moving holdings to exchanges for selling • XRP sees $2.6M in investment fund outflows in November as other cryptos like Bitcoin see inflows • Ongoing XRP decline appears to be bull market correction after 80% YTD gains rather than end of uptrend • Analysts predict eventual resumption of XRP bull run with price targets of $0.80 and $4.20 for 2023-2024