Amid the current XRP pullback, a market expert recently predicted a further drop to a major support level before a rebound to 2021 highs. XRP is one of the victims of the ongoing market-wide pullback, dropping by over 1% in the last 24 hours. Interestingly, at the start of the current retracement, market analyst MichaelXBT predicted a further price slump before an eventual rebound to new heights. XRP to Face Further Drop In an analysis yesterday, the market commentator called attention to an ascending channel on the 4-hour XRP chart, which has prevailed since mid-November. Such a channel, which features higher highs and higher lows, confirms that bulls are in complete control of the market.
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