A well-known crypto market analyst has suggested that the $XRP price could explode from the current level, citing historical context from 2017.
Specifically, market watcher Crypto Kaleo said this to his audience of over 700,000 followers on X despite $XRP’s recent struggles. For context, $XRP has been a victim of the broader market uncertainties, down more than 15% this month, as it changes hands below the pivotal $2.5 price level.
$XRP’s Steeper Decline on Binance
$XRP’s recent woes began after the historic Oct. 10 crash, with the altcoin experiencing a larger dip on Binance than on most other exchanges. Notably, during the Oct. 10 drop, $XRP collapsed to $1.77 on Coinbase, $1.58 on Bitstamp, and $1.4 on Kraken. However, on Binance, the XRPUSD chart slumped to $0.77, marking a 72.5% crash from its opening price of $2.8 that day.
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$XRP Chart on Binance Crypto Kaleo">