Ripple’s XRP token is in dire straits after yet another red weekend that saw the world’s third-largest cryptocurrency fall by more than 5%. XRP was rejected from the $0.23 level of resistance which previously acted as support throughout September, indicating that more downside price action is likely in the coming weeks. It desperately needs to hold above $0.21 or it could well drop to its lowest point in more than two years, with analysts suggesting it could reach the $0.16 and $0.11 levels of support. The nervous descent in price comes after a rocky year for XRP and the company behind it, Ripple. Ripple CEO Brad Garlinghouse has vocally defended the project in spite of criticism surrounding its status as

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Ripple (COIN:XRPUSD)
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Ripple (COIN:XRPUSD)
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