XRP Price Crashes Below $1.30 – How Low Can XRP Go?

XRP has fallen roughly 6% over the past 24 hours, and extended its recent selloff and briefly pushing below the psychological $1.30 level. The move comes as crypto remains under pressure after hotter-than-expected U.S. inflation data. Higher inflation can keep interest rates elevated for longer, strengthen the dollar and reduce demand for risk assets such as Bitcoin, Ethereum and XRP . For XRP specifically, the technical picture has also deteriorated. The token has been forming lower highs since early October and has now returned to an area that previously attracted buyers.

Source: CaptainAltcoin