We can only tentatively pinpoint the real price for XRP. There are a lot of reasons for this particular correction to the first video and most of reasons have been brewing for quite last two month. Indeed, about a month ago, some astute players within the market made predictions about what will happen in the next five years.
Ripple in the past several week alone, there has been quite a bit of speculation surrounding the actions of Chinese investors ahead of Lunar New Year, the expiration of bitcoin futures this week and resulting market manipulation, Ripple insiders selling / cashing out, Telegrams buyers moving to fiat, the and how large investors are treating tax implications for 2018. Some of this speculation is factual. Some of it, well, just remains speculation. Secular events, such as the vertical price action of XRP in December, form another potential reason for this downward trend. This trend could have influenced market participants for January, meaning that profit-taking was certainly taking place and a resulting downward trend may have spooked novice investors…
Traders use Fibonacci Price Projections (also called “Extensions”)
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