XRP Price Crash Continues: XRP Loses $1.30 Support, Here Is the Next Target

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.XRP price crashes below $1.30 after weeks of defending the level. We analyze the chart and reveal the next short-term target for XRP as selling continues.Add as a preferred source on GoogleFollow on Google News$XRP has followed Bitcoin off a cliff. After grinding sideways around $1.30 for most of October, XRP broke down on October 29 and 30, sliding from $1.32 to a low of $1.21 in under 36 hours. At the time of writing, XRP trades at $1.247, down roughly 5% on the week and below the $1.30 level that had absorbed every dip since October 14.XRP/USD chartThe seven-day chart tells the story clearly. A first leg down on October 29 took XRP from $1.32 to $1.28, the bounce failed at $1.31, and a second leg on October 30 cut straight through $1.30 and wicked down to $1.21. The recovery since then has stalled at $1.26, well short of reclaiming the broken level.Why Did XRP Price Crash Below $1.30?The $1.30 line (orange on the daily chart) had been the floor of the October consolidation. X...