XRP analysts explain why price drop below $1 ‘remains possible’

XRP looked increasingly bearish at $1.40, with a key indicator suggesting that a downward move below $1 was possible in the coming weeks.

XRP (XRP)  has retraced nearly 63% from its multi-year high of $3.66 to trade at $1.36 on Wednesday, a technical setup that may have bearish implications for its price, according to a market analyst.  

Key takeaways:

XRP appeared bearish below $1.40, with chart technicals pointing to a further drop toward $0.70-$1.

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