Popular crypto analyst and trader Michaël van de Poppe predicted a shakeup for the top ten assets by market capitalization, with XRP, litecoin and bitcoin cash likely to experience a decline.
According to a tweet published October 3, Van de Poppe says the crypto markets are undergoing a series of transitions that will result in a shakeup for previously dominant assets.
Van de Poppe said the first transition would result in maturation and market regulation for bitcoin and blockchain, while the second would cause the jettisoning of “overvalued Top 10 coins,” including XRP, litecoin and bitcoin cash.
In addition to Van de Poppe’s prediction, others analysts are predicting price retraction ahead for XRP.
According to a tweet by analytics platform Santiment, XRP’s declining social volume may be indicative of greater price downturn ahead. The platform found that XRP address activity has neared a five-month low while its social media presence has also been on the decline.
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