The analyst who correctly predicted Bitcoin (BTC) would crash below $30,000 is warning that XRP could drop to its lowest level since 2020.
Pseudonymous analyst Capo tells his 433,200 Twitter followers that from $0.34, XRP could plunge between $0.16 to $0.14.
He also gives his forecast for Binance Coin (BNB), the native crypto asset of leading crypto exchange platfrom Binance. According to Capo, the crypto could see a bottom between $125 and $135. At time of writing, BNB is changing hands at $240.
As for leading digital asset Bitcoin (BTC), he says it is just a matter of time before the flagship crypto asset could see new lows.
“Retail hasn’t capitulated yet. Otherwise, we wouldn’t see such hopium when price is still at $20,000 after a weak bounce from $17,600 (13%), or neutral funding rates.
Everything points to new lows. Time will tell, as always.”
From nearly plunging below $19,000 this month, Bitcoin is now trading for $21,647, up by 5.45% in the last 24 hours.
He says before Bitcoin could go up, it may drop to as low as $16,000.
“Lot of people expecting $22,000-$23,000. It’s the new $52,000 when price was at $47,000-$48,000or the new $35,000 when price was at $31,000-$32,000.
$16,000 comes first in my opinion.”
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