There’s no doubt the crypto market has suffered a brutal beating in the last 48 hours. Bitcoin, Ethereum, XRP, and a majority of other leading cryptocurrencies have all posted approximately 8% losses since Tuesday’s peak, tumbling as buyers failed to maintain the relatively high prices seen in the uptrend.<\/p>\n
While all cryptocurrencies seem to be following Bitcoin<\/a> at the moment, with altcoins posting effectively the same performance as BTC, analysts are convinced that XRP’s chart is the most harrowing out of all major cryptocurrencies.<\/p>\n In fact, one prominent cryptocurrency trader, who called Bitcoin’s $3,000 bear market bottom near the start of 2018, argued<\/a> that the third-largest cryptocurrency “looks like absolute trash, probably the worst out of all the majors.” While he didn’t give a price prediction, others have.<\/p>\n Cryptocurrency trader Capo of Crypto has noted that XRP’s chart is showing clear signs that a bearish fractal is playing out.<\/p>\n As he notes, the current price action for the cryptocurrency is looking almost identical to how it did from July to October of last year, which was marked by a consolidation after a dramatic sell-off, a secondary drop and flash recovery, then a plunge to fresh lows.<\/p>\n $XRP<\/a> leading indicator pic.twitter.com\/kkHQ6Z1763<\/a><\/p>\n — il Capo Of Crypto (@CryptoCapo_) January 8, 2020<\/a><\/p><\/blockquote>\nRelated Reading:\u00a0These 4 Factors Are Building Bitcoin Price\u2019s Colossal Bull Case<\/a><\/h6>\n
XRP Price Poised to Fall Off Cliff?<\/strong><\/h2>\n
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