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Black Swan Capitalist Shares Best Time to Enter XRP as Price Rises

XRP has staged a notable recovery this week, and Black Swan Capitalist co-founder Vandell Aljarrah is warning late buyers against chasing the rally.

In his view, another pullback will create a better entry point.

“If you haven’t accumulated the amount you wanted, don’t let this move lure you in,”

Aljarrah said.

Notably, XRP is trading at $1.61 at press time, up 6.68% over the past 24 hours. The crypto has gained 24% over the past week and 9% over the past month, although it remains down about 12% year-to-date.

XRP Price Rebounds After 26% Pullback

XRP’s latest price recovery follows a volatile move that began with the token falling to $0.978 in August.

The decline marked a low point before XRP broke above $1.70 in the third week of August. The move from the August low to the subsequent high was roughly a 72% gain.

However, XRP later gave back part of those gains, falling 26.6% to approximately $1.2468. The token has since recovered, climbing back above $1.60 after trading near $1.65 on Tuesday evening.

Aljarrah expects the recent rebound to be followed by another decline, giving investors who missed the earlier move another opportunity to enter.

XRP Could Establish Higher Lows

Aljarrah’s view does not necessarily imply that XRP would return to its August low if another pullback occurs.

If XRP reaches $2 before the next decline, for example, a pullback toward $1.50 could still represent a higher low compared with the $1.2468 level seen during the latest correction.

The analyst also acknowledged that market timing can be difficult. A pullback does not have to occur at the levels traders anticipate, leaving investors who wait for a specific entry price at risk of missing further gains.

The comments come as the crypto market gradually enters a bull cycle.

Bitcoin Leads Crypto Recovery

Bitcoin broke above $87,000 on Tuesday, reaching its highest level in nine months. The leading crypto has also recovered massively from its July low of $57,800. At press time, Bitcoin was trading around $86,500, up more than 49% from the July level.

The crypto market has also strengthened, with total market capitalization approaching $3 trillion. The Crypto Fear & Greed Index currently stands at 77, indicating that market sentiment is in the greed zone.

Several large-cap altcoins have also posted strong weekly gains. UNI has risen about 64% over the past week, while NEAR has gained approximately 92%.

Ultimately, Aljarrah’s comments suggest that the recent rally may not necessarily mark the final opportunity for buyers. However, whether another pullback occurs and where it might bottom remains uncertain.

Abdulkarim Abdulwahab
Abdulkarim Abdulwahabhttps://thecryptobasic.com
Abdulkarim Abdulwahab is a cryptocurrency journalist covering blockchain technology, digital assets, and Web3 developments. He focuses on simplifying complex topics such as market trends, decentralized finance (DeFi), and emerging crypto innovations to provide clear and accurate reporting. His work aims to help readers better understand key developments in the evolving digital asset ecosystem.

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