A cryptocurrency expert who predicted the collapse of bitcoin predicted a 50% drop in XRP

A cryptocurrency analyst and trader known on Twitter under the pseudonym @CryptoCapo_ has shared his predictions about the future of some digital assets with members of the cryptocurrency community — Capo believes that XRP and XLM will soon fall in value, despite the upward trend.

According to @CryptoCapo_, who has repeatedly predicted significant declines in the bitcoin exchange rate, XRP is at risk of falling to $ 0.20, as can be seen from the chart from the analyst published below. At the time of writing, XRP is trading at $ 0.49.

Another altcoin whose future the analyst is not too positive about is XLM. According to Capo, XLM is preparing for a quick rise to $ 0.16 before hitting the bottom. Currently, XLM is worth $ 0.11.

At the end of September, Capo shared his own predictions about the future of bitcoin, which will fall by 30% in the near future, the analyst believes. It’s worth noting that @CryptoCapo_'s March prediction of a 50% drop in the flagship cryptocurrency came true, although few people believed in such a negative scenario at the time (in March, bitcoin was trading at over $ 40,000). Given the accuracy of Capo’s forecasts, there are chances that a sharp drop will occur this time around.

According to the crypto analyst, there are currently 2 scenarios for the future of BTC: growth to $ 20,500 and fixation at $ 18,400 (at the time of writing, BTC is trading at $ 20,151). However, any development «will inevitably lead to a drop in bitcoin.» Capo is convinced that the flagship cryptocurrency will trade at $ 14,000 to $ 16,000 in the near future.