XRP has been under pressure for months, but according to crypto expert Levi Rietveld, now is the time to strike. Despite the continued price drops, he remains remarkably positive about the future of the digital currency.
Crypto analyst advises: “Use this dip”
On X, Rietveld calls on investors not to panic, but to use the current correction as a buying opportunity. “Many investors trade emotionally. They buy when the price rises and sell when it falls,” the analyst said. “If you really want to make a profit, you have to do exactly the opposite.”
According to Rietveld, waiting for certainty is often a mistake. According to him, large sales waves are not a reason to worry, but rather opportunities for those who dare.
XRP price drops again: opportunity or danger?
After a brief rebound at the end of October to $2.66, the XRP price has fallen again to $2.50. That’s a loss of 5 percent in seven days. This means the price is well below the peak in July, when the coin was still around 3.66 dollars.
Yet Rietveld emphasizes that this is attractive for long-term investors. “The market is now giving you a discount,” he says.
Whales are purchasing XRP en masse
Analyst Jack also shares Rietveld’s optimistic view. He points to the increasing number of large purchases by so-called whales. At the same time, the amount of XRP on exchanges is decreasing, indicating less selling pressure.
The market is also eagerly awaiting the arrival of an American spot exchange-traded fund (ETF) for XRP. Last week, ETFs for altcoins such as Solana (SOL), Litecoin (LTC) and Hedera (HBAR) were launched.
For XRP, approval now seems closer than ever: asset manager Canary Capital has amended its application and deleted the “delaying amendment”. November 13 is therefore mentioned as a possible launch date.
Source: https://newsbit.nl/analist-dit-is-het-moment-om-xrp-te-kopen-voor-het-te-laat-is/
