Analyst believes that XRP price might crash following token's meteoric rise
The crypto trader has noted that nearly half of the available tokens are not even in circulation. The company continues to hold 38.9 billion tokens in its on-ledger escrow accounts."There's a reason this space collectively dislikes this token because it's always pumping and dumping.
It seems that strong buying interest from South Korea contributed to the massive rally. The XRP/KRW pair recorded $6.031 billion worth of volume on Monday on the Upbit exchange. XRP euphoria is officially back, with members of the community discussing whether or not the token might surge all the way to $100.
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