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HomeCrypto NewsMarketExpert Says This XRP Fall Is Just a Coffee Break

Expert Says This XRP Fall Is Just a Coffee Break

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XRP took a major hit overnight, with its price tumbling dangerously close to breaching the $3 mark, sparking widespread concern among stakeholders.

Notably, XRP dipped to $3.02 today, down from over $3.50, marking a massive 13% drop within a 24-hour window. As of press time, XRP shows no signs of recovery and remains just above its intraday low.

Among top-ranking crypto assets, XRP had the worst 24-hour performance after Dogecoin, which dropped by 13.5%. Others, like Ethereum and Solana, saw declines of 4% and 9.7%, respectively.

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Meanwhile, Bitcoin showed minimal volatility, touching a daily low of $117,391 from $119,290 — a modest 1.59% dip.

XRP’s dramatic price fall compared to other coins has sparked concern among investors and market watchers. However, prominent XRP influencers are urging holders not to panic just yet.

“XRP Fall Is a Coffee Break”

Reacting to XRP’s price, John Squire, a pro-XRP social media manager, pointed out the double standards in the crypto community. He noted how what he considers a minor dip in XRP often triggers panic, while a $3,000 drop in Bitcoin is dismissed as a “healthy correction.”

He urged the community to remain calm and hold firm. Squire added that, compared to the brutal 2018 market, the current volatility is nothing more than a brief respite. “This is a coffee break,” he said.

Market participants reacting to the post mostly agreed with his perspective. X user Red Spur remarked that if holders can endure 200 days of passive performance, a one-day dip shouldn’t cause alarm. “Don’t be afraid of retracements,” another user added.

The Comeback Rally to All-Time High?

In a separate post, influencer Alex Cobb boldly claimed that this latest retracement is the pullback that will propel XRP to a new all-time high. He predicted that XRP would trade at $4.20 per coin upon the next rebound.

XRP Can Still See a 400% Pump This Season

Meanwhile, technical analyst XRPunkie offered an even more optimistic outlook for the coin. He highlighted that XRP surged from $1.95 to $3.66 in just 30 days, posting an impressive 92% gain. He emphasized that the recent pullback is a normal and healthy correction within the crypto market.

He encouraged holders to stay calm, let the market stabilize, and remain optimistic. According to the analyst, a much higher price level between $10 and $15 is still well within reach this season. Notably, this would require a growth of between 233% and 400%

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.

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Abdulkarim Abdulwahab
Abdulkarim Abdulwahabhttp://thecryptobasic.com
Abdulkarim Abdulwahab is a seasoned crypto journalist who has established himself as a trusted voice in the world of blockchain and Web3. His extensive knowledge of the crypto space enables him to break down complex concepts into accessible language.

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