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July 8, 2022

Analyst Who Called Bitcoin Collapse Issues XRP Warning, Reveals Target for One More Altcoin

By Daily Hodl Staff

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.

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“XRP

$0.14-$0.16″

Source: CryptoCapo_/Twitter

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.

“BNB

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$125-$135″

Source: CryptoCapo_/Twitter

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.

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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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Featured Image: Shutterstock/Voger Design