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Title: $782 Million Liquidation Tsunami Punishes XRP Bulls: Bottom Hit?
The price of Ripple’s XRP token has taken a significant hit in recent days, with the cryptocurrency plummeting by over 16% to reach a local bottom at $2.17. This dramatic downturn has led many investors and traders to question whether this marks the end of the bearish trend or if there is still room for further decline.
The current XRP price chart displays an unpredictable pattern that has been described as “staying hilarious” by expert traders, leaving many wondering what the future holds for this digital asset. While some experts believe it may be too early to call a bottom, others are more cautious and suggest that there is still room for further correction.
To date, XRP’s price trend has been quite volatile, making it difficult to predict with certainty whether we have hit rock bottom or if the bearish momentum will continue.
Source: u.today
