XRP is currently witnessing a high -slope sale, which is part of a wider contraction that affects the entire cryptocurrency market.
With the total market value of encryption that watering hundreds of billions of dollars and major assets such as Bitcoin and Ethereum as it also decreased, XRP did not explode – exceeding 8 % within 24 hours and touched a decrease of $ 1.64.
This retreat is not is not removed from the basics of XRP, but it is largely driven by the broader total and geopolitical economic tensions. The total financial market is shaken by the continuation of the landfill last week, and intensifying the repercussions of the ongoing definition conflicts and the uncertainty surrounding the federal reserve policy.
DOW and Nasdaq are future in Alhambra, while addresses warn of the risks of stagnation and confrontation of monetary policy. Despite negative feelings, this recession is interpreted by some of its owners in the long run as an opportunity.
With the belief that the encryption market will recover and expand in the coming years, some investors choose to double-which highlights more $ XRP at low prices to reduce their average cost per unit through the average dollar (DCA).
The current sales moved by fear, although it is annoying, is not attributed to any basic defect in the XRP itself, but to the wider stress in all markets.
source – Austin Hilton on YouTube
XRP prediction price
At the time of writing this report, the value of XRP is estimated at $ 1.87, with the maximum market of $ 109 billion and a 24 -hour trading volume of $ 15.7 billion. Currently, XRP managed to restore the level of decisive support of $ 1.75, which is necessary for any potential upward movement.
If this level continues, XRP is likely to test the $ 2 sign in the near future. However, if you fail to maintain this support, it is expected that you will review to the lowest weekly level at $ 1.66, with an additional decrease is a possibility.
There is speculation that $ XRP can decrease below $ 1 sign, a step that undoubtedly excites feelings in the XRP community. However, for committed investors, such a decrease is seen as an opportunity to buy and not a reason for panic.
$ XRP expectations are closely related to the performance of Bitcoin, with the possibility of price fluctuations in either direction. However, accumulation during the pipes can lead to strong gains once the market is recovered.
conclusion
Although the timing of the market reflection is still uncertain – one cannot say with certainty when it will reduce the turmoil – the historical market courses indicate that the encryption sector has continuously recovered from contraction in the past.
While short -term traders may follow sales signals and technical indicators to protect capital, their owners in the long run maintain a different strategy, focusing on the largest image.
This is the last price, although it warns of danger, part of a much larger account of the market reinstitting, geopolitical attitudes, and global economic reorganization. In the end, condemnation and patience are what speculators are separated from strategic investors.
