XRP Price Crashes Below $1.30: What Caused It and What Comes Next

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 has dropped below $1.30 after weeks of selling. Here are the factors behind the XRP crash and the next high and low price targets.$XRP has slipped under the $1.30 mark that bulls defended for most of October, and the daily chart now looks tired. The token is down roughly 15% over the past month, trades beneath every major moving average, and the strongest arguments bulls had in September have gone quiet. Let’s walk through where XRP price stands, what pushed it here, and where the next targets sit on both sides.Why Is XRP Price Below $1.30 Today?XRP opened October near $1.50, lost that level around October 7, bounced off $1.33 twice mid-month, and has been grinding lower since. On October 27 the daily candle opened at $1.307, printed a low of $1.289, and currently trades around $1.294, down about 0.9% on the day.On the daily chart the picture is cleaner. The $1.30 line that acted as a floor through mid-October has been tested from below for a week now. The blue moving ...