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Altcoins & DeFi

Lark Davis Warns XRP Fans Off $100 Dreams as the Token Sheds 12% in a Week

Image: Crypto Daily

Quick Take Crypto investor Lark Davis says XRP will never reach $100, calling the implied valuation unrealistic. The token trades under both its key moving averages, and momentum still favors sellers despite an oversold reading. A support floor just below the $1 mark now carries the most weight for holders. Lark Davis, a crypto investor followed by many retail traders, has told XRP holders to drop their hopes of a three-digit token. His call lands during a rough stretch for XRP, which has slid for weeks and now trades well under its recent highs. For traders, the nearer question is whether buyers can hold the line before the slide deepens.

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