Crypto Analyst Puts a $1 Target on XRP and Says the Bottom May Be Close

Three Things to Know Crypto analyst Virtual Bacon has turned bearish on XRP and expects one more leg lower before a floor forms. The token trades under both of its key moving averages, and momentum still points down. A single support zone near $1 now decides whether his bottom call holds or breaks. Virtual Bacon, a crypto analyst with a retail following, has put a $1 target on XRP. He also said that level could mark the end of the token's current decline. The call follows a rough month for XRP, with sellers in control and buyers slow to return. Virtual Bacon Sees XRP Testing $1 Before Any Floor He is bearish on XRP in the near term and sees a possible stop at $1.10 first.

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