XRP could hit new record high despite its recent 10% plummet: Bitpanda exec

Lukas Enzersdorfer-Konrad, deputy CEO of European crypto platform Bitpanda, told Cointelegraph that there is a chance for Ripple (XRP) to hit a new all-time high despite its 10% plummet over the past 24 hours or so. “While it’s difficult to pinpoint exact levels in such a fast-moving market, a further move beyond the current all-time high would not be surprising if market conditions remain favourable and capital rotation from Bitcoin continues,” the Bitpanda exec stated. In his view, the short-term price trajectory of XRP will hinge on whether the current overall momentum in the altcoin market continues. At the time of publication, XRP is trading at $3.22, down 7.84% in the past day, according to CoinMarketCap.