Crypto analyst Coinskid has issued a warning to XRP holders about the potential for significant downside risk if a key structural support level is breached. He highlighted the importance of maintaining this level to avoid a scenario similar to Cardano's 2021 breakdown. Coinskid noted that failing to complete a five-wave impulsive move could lead to a structural collapse, undermining bullish prospects for XRP.
Despite his cautious optimism for the fourth quarter, Coinskid emphasized that the price structure is paramount, and losing support would invalidate bullish scenarios. Some XRP community members have countered his warning, arguing that current market conditions differ from those in 2021.
Coinskid Warns XRP Holders of Potential Downside Risk
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