Why XRP could become the best performing cryptocurrency for the year [Video] - FXStreet

FXStreet Team
FXStreet
A brief technical and on-chain analysis on Ripple price. Here, FXStreet's analysts evaluate where XRP could be heading next. Please, subscribe to our YouTube channel, follow us on Twitter @FXScrypto and join our Telegram channel.

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The crypto markets continue to remain volatile due to the major developments since the first week of November. Some critical events over the last three weeks include FTX’s implosion.
Bitcoin (BTC) price suffered a fatal fall due to the implosion of the cryptocurrency exchange FTX. As a result, the crypto market took a tumble, leaving the exchange to file for bankruptcy on November 11.
Dogecoin price followed the broader market bearish cues, declining to new monthly lows on November 21. The recovery for the meme coin continues to be questionable since there are no clear signs of bullishness visible yet.
Cardano price action could be setting up a profitable opportunity to the upside. Traders should hone in on this digital asset to get the best entry and maximize profits in the coming days.
BTC has faced the brunt of many industry leaders or significant platforms going bust this year. From Terra’s implosion to FTX’s bankruptcy, the industry seems shaken from a psychological perspective. As investors, an unbiased look reveals that the macro bottom is just one 20% crash away. This forecast takes a fresh look at significant levels and anticipates other scenarios that may evolve for Bitcoin price.
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