Benjamin Cowen Highlights a Strategic and Calculated Approach to Investing in XRP.
In today’s XRP price news, Benjamin Cowen, who has a Ph.D. in Engineering with Computational Mathematics background, highlights XRP impressive rise from $0.67 to $2.17, discusses BTC dominance hitting 60% and shares key lessons on preserving portfolio value and timing altcoin investments effectively.
Identifying XRP’s Setup: On November 12th, when XRP was trading at $0.67 and 771 satoshis (its value relative to Bitcoin), he spotted a “double bottom” pattern in the XRP/BTC chart. This pattern often signals a potential price surge.
BTC Dominance Insight: He started paying attention because Bitcoin’s dominance had hit 60%—his target from 3.5 years ago. During this dominance uptrend, altcoins like XRP typically lose value against Bitcoin (“bleed”), making it wiser to hold Bitcoin.
XRP Performance Since: After his observation, XRP’s price in USD surged to $2.17, and its value against Bitcoin rose significantly to 2200 satoshis.
Key Lesson on Timing: While XRP holders who waited years saw gains in this recent spike, Cowen argues it would have been more profitable to hold Bitcoin during its dominance phase, then switch to altcoins like XRP when they showed strong setups against Bitcoin.
Cowen emphasizes that one Shouldn’t hold altcoins for years, waiting for occasional pumps. Instead, one should analyze their BTC pair charts to identify favorable entry points and maximize potential returns.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
