XRP tanks 10% but ATH comeback is still in play: Bitpanda exec
A crypto executive says it is “difficult to pinpoint” exactly where XRP is going, but reclaiming levels above the current all-time high is not off the table.
Despite a 10% plunge in XRP over the past 24 hours, the Ripple-linked cryptocurrency is still on track to regroup and surpass its 2018 all-time high, according to a crypto executive.
“While it’s difficult to pinpoint exact levels in such a fast-moving market, a further move beyond the current all-time high would not be surprising if market conditions remain favourable and capital rotation from Bitcoin continues,” Bitpanda deputy CEO Lukas Enzersdorfer-Konrad told Cointelegraph on Wednesday.
XRP (XRP) reached a year-to-date high of $3.66 last Friday, but has yet to retest its all-time high of $3.84 from January 2018.
