Ripple Price Forecast – Crypto Outflows Are Weakening XRP Gains

Published here: https://www.profitconfidential.com/cryptocurrency/ripple/nov-10-xrp-price-forecast-crypto-outflows-weakening-gains/

On Friday, just as we got some good Ripple news, the relentless pendulum of market forces swung back the other way, causing XRP to drop 3.85%.

There’s no mystery as to why it happened. Ripple prices kept rising as trading volumes rebounded, then they fell as trading volumes dipped. It’s not rocket science.

That said, there is a silver lining of which investors should take note.

Namely, that XRP outperformed Bitcoin today. The Ripple to USD exchange rate may have returned to $0.208045, but the Ripple to Bitcoin rate is 2.01% above where it was yesterday.

At least this shows we were right about a reverse-rotation of funds from Bitcoin to altcoins. You can see evidence of.

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