XRP Now Seeing 40.5B Coins in Loss, But Here’s Whe
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XRP Now Seeing 40.5B Coins in Loss, But Here’s Where It Must Hit to Mark the Bottom
The supply of XRP in loss has risen to 40.5 billion coins, but steeper declines may be necessary before the price can find a solid bottom.
XRP has bounced back above $1.20 after declining to a new yearly low of $1.05 during the recent cryptocurrency market selloff last week. However, one analyst believes the asset may not have reached its final bottom yet.
Well-known market watcher Blockchain Backer recently argued that the amount of XRP currently held at a loss has not yet reached the levels seen during previous market bottoms, suggesting that further downside remains possible.
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