XRP Price May Fall Further Before Bigger Move

XRP's price has dropped about 3.5% in one day to around $1.40, but some analysts still see a potential bigger move ahead.

CasiTrades, a regular contributor to CaptainAltcoin, believes that XRP could have another drop before this bigger move begins.

The reason for this prediction is that XRP's technical structure has changed and now leaves room for a deeper correction before the next major move.

CasiTrades is particularly concerned about the level of $1.10, which she believes could decide whether XRP is beginning a larger bullish reversal or still has another low ahead.

If buyers defend this region, it could provide evidence that a new macro uptrend is developing.