Anyone investing in XRP must be able to withstand a large rollercoaster in emotions. In November the digital currency was still at $ 0.50, after which it came close to its all-time High (ATH) of $ 3.40 from 2018. But the euphoria made way for disappointment when XRP again plummeted and even briefly dropped under $ 2.
Nevertheless, the Veerkracht project shows: at the time of writing, the race is already at $ 2.52. The volatility remains great, but according to analyst Zach rector this can be a golden chance for investors.
‘Last chance to buy XRP cheaply’
Zach rector sees the current course as a bargain that will not be available for long. The crypto analyst is convinced that this is the last possibility to buy XRP below $ 3 before it moves to record highs again. He compares the current situation with earlier market cycles, in which XRP dived several times below $ 2 and then rose to $ 3.40. According to him, history repeats itself, and the current correction offers a perfect chance of entry.
Rector expects that the next upward movement will bring XRP to at least $ 4. With the current rate of $ 2.52, that would mean an increase of more than 58%. That is why he advises investors to board now before the price rises further.
Sturdy purchasing pressure according to Egrag
Crypto analyst Egrag also joins Rector’s optimistic vision. Egrag predicted the recent crash correctly, but remains positively voted. He points to the rapid recurrence of the course as a sign of strong purchasing pressure. According to him, this forms a solid basis for a new breakthrough above $ 3.
Geopolitical unrest and disappointing policy influence XRP
The crypto market, including XRP, was confronted with pressure from the wider financial sector. Although former President Donald Trump promised to pursue a pro-Crypto policy, the impact is limited. Developments such as research into a strategic cryptor reserve and the appointment of a new chairman of the Securities and Exchange Commission (SEC) play behind the scenes, but concrete results are not achieved.
In addition, geopolitical tensions contributed to the recent crash. The trading rates that Trump introduced towards Mexico, Canada and China caused unrest in the financial markets, which also had an effect on Crypto.
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Source: https://newsbit.nl/crypto-analist-voorspelt-laatste-kans-om-ripple-xrp-onder-3-te-kopen/
