Ripple Is On the Verge of Major Price Correction

Ripple price (XRP) rose significantly in the last two weeks amid its penetration in the financial sector; the price is now struggling to extend the momentum. What’s going on? XRP price dipped for the fourth straight session on Wednesday, and the price plunged below $103. There was no particular event or market report that could change the bullish trend; the downside movement signifies a major price correction – possibly the end of the Bull-Run. Bulls had pushed ripple and other cryptocurrency prices in the last two weeks, with the reports of softer regulatory actions from the United States and South Korea. Along with the support from a broader rally in digital currency prices, stronger confidence from payment services companies and banks added to the growth in XRP price. Ripple has achieved several milestones in the past two weeks, including the partnership with Saudi Central Bank for internal and cross-border payments. The dip in cryptocurrency prices shows that investors are trying to capitalize on the gains they had generated in the last two weeks.

Reference: https://cryptocurrencynews.com/price-analysis/ripple/ripple-major-price-correction/

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