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A model on XRP price development predicts that the ‘Crypto-asset’ will go to ZERO by next February.
Ripple XRP has underperformed, and plotting a linear regression predicts more crashes to a lower price range.
XRP is one of the assets that has remained stagnant in 2019 and unraveled further in the past month.
Popular Crypto analyst Alex Kruger shared on CryptoTwitter:
“Regressing $XRP against time starting Jan/1/2018 using a linear regression forecasts price to hit zero next February. Perspective”
There is no telling if Ripple’s token would behave according to the linear regression model.
But the asset has lost credibility, and there are no forces to lift the price.
During the recent price drop, XRP fell way below the $0.25 mark that was seen as a bounce area and slid as low as $0.21 before bouncing a cent.
The XRP market also saw a trading anomaly this Monday, with volumes exceeding $9 billion, with no clear explanation.
But the rally did not manage to lift the XRP price. In other BTC News today, the Crypto markets turn green and the Bitcoin price recovers above $7,500.
Crypto markets continue to improve, with the Bitcoin (BTC) showing signs of recovery.
Bitcoin started the day at $7,190, at which point the world’s largest Cryptocurrency coin found an intra-day low of $6,900 before moving up again to its current trading price near $7,540.
After a rollercoaster 24 hours, the BTC price is showing an impressive gain of more than 5% for the day.
Could Bitcoin’s next target be $8,100?
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