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Here’s Why Chances to Buy XRP Below $2 Might Be Gone

Lele Jima
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Here’s Why Chances to Buy XRP Below $2 Might Be Gone

Famous XRP commentator Oscar Ramos warns that XRP’s price may never drop below $2, indicating that investors may have permanently missed the chance to acquire the token at that level. 

Ramos expressed this view in a 10-minute livestream shared on X. In it, he highlighted the current performance of the broader crypto market, including XRP. During the livestream, Ramos stated that he would like to purchase XRP at discounted prices, specifically around the $2 region. 

“I want to buy XRP at $2 again. I want to buy the dip and buy XRP when it crashes or corrects,” he remarked. However, he does not believe investors would have another opportunity to buy XRP below $2 again, following its recent price surge. 

Why XRP May Not Drop Below $2 

The accompanying chart in the video showed that XRP was changing hands at around $3.5 at the time of the analysis. Following the recent surge in XRP’s price, Ramos suggested that a potential dip below the $2 mark might be a thing of the past. 

One major factor supporting his optimism is the recent decline in Bitcoin dominance, which he claims has dropped from 66% to around 60%. Amid this decline, Ramos emphasized that altcoin dominance is on the rise. 

Consequently, he said the trend indicates that the “big Altcoin Season” could be around the corner. For context, altcoin season is when the price action of major alternative cryptocurrencies outperforms Bitcoin. 

During this time, most tokens record new all-time highs (ATHs). Ramos’s belief in an imminent altcoin season also bolsters his confidence that XRP might never drop below $2. 

XRP is Becoming Too Expensive for Most Retail Investors 

Meanwhile, several XRP commentators note that retail investors may have missed their chance to buy at lower prices following its rally, which began after the re-election of Donald Trump. 

Last month, top XRP pundit Edoardo Farina boldly claimed that 99% of average investors may no longer be able to afford 10,000 XRP, which was valued at $22,300 at the time. He stated that owning a portfolio of 10,000 XRP is a luxury that only a few investors can afford. 

Additionally, community pundit Xena noted that it is “insane” that the value of 1,000 XRP has skyrocketed above $3,000, a budget that is out of reach for most investors. 

In the meantime, XRP has lost most of its recent gains, plummeting from the $3.50 mark to $3.07 today. At the current price of $3.07, XRP has crashed 12.35% in the past 24 hours and 2.36% over the past week.  

Here’s What Would You Have Now if You Bought XRP with Your $1,200 Stimulus Check in 2020

Sam Wisdom Raphael
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Here’s What Would You Have Now if You Bought XRP with Your $1,200 Stimulus Check in 2020

Market data suggests that investors would have been sitting on impressive gains if they had purchased XRP using their COVID-19 stimulus check in 2020.

Notably, successful business executives have always advised market participants to seize every investment opportunity. For instance, legendary investor and Berkshire Hathaway Chairman Warren Buffett suggested that investors spend what they have left after saving, and not save what they have left after spending.

Also, PIMCO co-founder Bill Gross urged investors always to have reserved cash for investment opportunities that might require additional capital. It is against this backdrop that we recently assessed how much an investor would have today if they committed their COVID-19 stimulus check into XRP in 2020.

The COVID-19 Relief Stimulus 

For context, the U.S. government rolled out two rounds of economic relief payments in 2020 as part of its response to the COVID-19 crisis. The first round began after the CARES Act, a $2.2 trillion stimulus package, was signed into law on March 27, 2020. 

Eligible individuals received up to $1,200, while married couples filing jointly received up to $2,400, with an additional $500 provided for each qualifying child under 17. Notably, this initial round resulted in the distribution of 161.9 million payments, totaling $271.4 billion by the end of March that year.

The second round came with the passage of the COVID-related Tax Relief Act, signed into law on December 27, 2020. It offered up to $600 per individual and $1,200 per qualifying couple, with a higher child benefit of $600 per eligible dependent under 17. 

Notably, payments reached recipients through direct deposits, mailed checks, or prepaid debit cards. The IRS launched the first wave of payments in early April and began issuing the second round in late December.

What if You Had Invested in XRP?

Most recipients leveraged the stimulus check to offset some of their bills, especially considering the situation surrounding work and economic activity at the time. However, what if some of these individuals had invested in XRP at the time?

Specifically, XRP traded at an average price of $0.18 in early April 2020, when the first round of payments hit. If, as an individual, you had committed the $1,200 to XRP, you would have amassed 6,666 tokens. 

Meanwhile, at the time the second round of payments came in late December 2020, XRP changed hands at $0.20. If, as an individual recipient, you had chosen to invest the $600 from this second round in XRP, you would have ended up with 3,000 XRP tokens. 

Together, you would have procured 9,666 XRP with the $1,800 from the COVID-19 stimulus check. Today, with XRP trading at around $3.2, these 9,666 tokens would be worth around $31,000, an impressive 1,622% increase over the past five years. For perspective, this represents a CAGR of 77%.

Interestingly, if you had invested in Bitcoin instead, which traded for $6,800 in April 2020 and $26,000 in December 2020, you would have amassed 0.1994 BTC, currently worth $23,538. This confirms that XRP would have been a better bet than Bitcoin.

Here Is XRP Price If It’s Used in 20% of E-Commerce Payments by 2029

Sam Wisdom Raphael
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Here Is XRP Price If It’s Used in 20% of E-Commerce Payments by 2029

How high could XRP price go if the altcoin handles 20% of the projected e-commerce payments value by 2029?

Many market analysts argue that XRP is largely undervalued. According to them, XRP’s price hasn’t yet caught up to its real potential, especially in the payments sector.

XRP’s Potential in E-commerce 

Notably, an area where XRP could make a big impact is e-commerce. For context, the online payments market hit $7 trillion in 2024, and experts expect it to grow to $11.4 trillion by 2029. 

This growth comes from rising digital adoption, the use of mobile-first shopping, and the growing popularity of new payment methods like digital wallets and Buy Now, Pay Later options. Also, while credit and debit cards still hold ground, more consumers now prefer faster and more flexible payment tools.

This push could set the tone for blockchain-based solutions like XRP. Notably, in August 2024, Salesforce Web3 partner Web3 Enabler called attention to XRP’s potential in e-commerce. They pointed out that XRP boasts near-instant settlement and low fees. These features make it ideal for handling online payments, especially across borders. 

However, how much such utility could impact XRP price is uncertain. As a result, to explore this, we asked ChatGPT what could happen to XRP if it powered 20% of global e-commerce payments by 2029? For context, this share translates to around $2.28 trillion in transaction volume per year.

XRP Price if It Handles 20% of E-commerce Payments by 2029

ChatGPT used two models for its evaluation. Notably, the first focused on XRP’s utility. In this model, XRP acts like a base settlement layer, similar to how central banks treat liquidity assets. 

With the Velocity of Money formula, ChatGPT estimated that XRP would need a $570 billion market cap to support that level of annual payments, assuming each token moves four times per year. With 60 billion tokens in circulation, this puts the XRP price at $9.50.

XRP Store of Value Around E commerce ChatGPT
XRP Store of Value Around Ecommerce | ChatGPT

However, if the tokens moved less often, like just twice a year, the model pushes the price higher, to $19.00. Notably, this is because slower movement means each token has to carry more value to handle the same amount of transactions.

Meanwhile, in the second model, ChatGPT looked at speculation. According to the chatbot, the idea here is that investors might price in XRP’s future role in payments even before its utility fully develops. 

XRP Price Based on Sentiments ChatGPT
XRP Price Based on Sentiments | ChatGPT

This approach is similar to how Bitcoin gained value early on, based more on belief than on current use. Applying a 15x speculative multiplier to the original $570 billion figure results in an $8.55 trillion market cap. With the same 60 billion tokens in circulation, this would place the XRP price at $142.50.

Bitcoin is Setting for the Next Big Move, Top Analyst Says

Mark Brennan
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Bitcoin is Setting for the Next Big Move, Top Analyst Says

Bitcoin is consolidating between $116,000 and $120,000 after a sharp breakout in early July. The market has entered a sideways phase as bulls and bears test control. Traders are closely watching the $116K support for clues on Bitcoin’s next move.

According to crypto analyst Kevinn Nguyen, the $116,000 level is now critical. He explains that if this support holds and volume increases, Bitcoin could break above resistance, continuing the bullish momentum seen earlier this month. 

Nguyen also highlights the possibility of Bitcoin pushing toward the $124,000 level, with some long-term bulls projecting even higher seasonal targets of up to $250,000.

Notably, Bitcoin began the month with a sharp move to the upside, breaking above key resistance levels and reaching a new all-time high above $123,200. 

Since then, price action has slowed, with BTC trading within a narrow horizontal channel. As of this press time, Bitcoin trades at $118,100, a 0.4% decline in the past day, reducing the monthly uptick to 11.3%.

Technical Indicators Signal Accumulation

On the 4-hour chart, the cryptocurrency has been oscillating between $116,000 and $120,000 for over a week. This range has become a key battleground between buyers and sellers.

Each test of the $120,000 resistance has resulted in rejection, while support at $116,000 has held firm on several occasions. The price is currently hovering near the mid-range, awaiting a catalyst for the next move.

Technical analysis reveals that the 34-period and 89-period exponential moving averages (EMA34 and EMA89) support the current structure. These indicators have flattened, reflecting reduced volatility but also suggesting accumulation.

The repeated bounce from the lower end of the range indicates buyer interest. However, the lack of follow-through past $120,000 highlights market hesitation.

BTC USD 24JULY25
BTC USD 24JULY25

The Next Big Move

Nguyen believes that if Bitcoin confirms a breakout above $120,000 with strong volume, a push toward $124,000 is likely. However, a breakdown below $116,000 could weaken the bullish setup and open the door to further downside toward the $112,000–$113,000 region.

Despite recent resistance, buyers appear to be defending the lower end of the range, hinting at a potential upside continuation. Still, the pattern suggests traders watch for confirmation signals, as false breakouts can occur in sideways markets.

The current consolidation reflects a breather phase as the market digests recent gains. A decisive move in either direction could set the tone for Bitcoin’s next trend. Despite this, Nguyen maintains a more bullish outlook.

What is the Next Bitcoin’s Move?

Market watcher Cas Abbé noted that Bitcoin is rapidly exiting long positions while short positions are increasing. He mentioned the shift is due to Bitcoin trading sideways and traditional stocks hitting new highs. 

Abbé said the pattern suggests a potential short squeeze, where a sudden price surge could force short sellers to cover their positions, driving prices higher. 

A previous similar setup on the chart led to a sharp price spike from around $112,000 to over $118,000, reinforcing the possibility of a breakout if bearish traders get caught on the wrong side.

Additionally, data from Coinalyze shows that 57.09% of traders hold long positions on Bitcoin, compared to 42.91% holding shorts, resulting in a long/short ratio of 1.33. This indicates a clear bullish bias in the market, with more traders expecting further upside. 

Shiba Inu Holders’ Conviction Grows Despite Recent Crash as Average Hold Time Tops 2.8 Years

Lele Jima
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0
Shiba Inu Holders’ Conviction Grows Despite Recent Crash as Average Hold Time Tops 2.8 Years

On-chain data from IntoTheBlock shows that the average time Shiba Inu investors have been holding SHIB is nearly three years. 

Despite Shiba Inu’s latest price dip, investors remain confident about the asset’s long-term prospects, as reflected in its “average time held” metrics. New data from IntoTheBlock reveals that investors have been holding their SHIB tokens for an average of 2.8 years. 

Shiba Inu Average Time Held I IntoTheBlock
Shiba Inu Average Time Held IntoTheBlock

Significance of Long-Term Holding 

This indicates that investors have been holding the token for more than half of Shiba Inu’s five-year history. The data reflects a shift from pure speculation to long-term conviction in Shiba Inu. 

Notably, most SHIB holders joined the Shiba Inu bandwagon after the big rally in 2021, which pushed the token’s price to $0.00008845 on October 28, 2021. Many adopted SHIB based on the success stories of the 2021 bull run, which transformed several early investors into overnight millionaires. 

Given this, some investors are awaiting the next big breakout that could potentially push SHIB to new heights. 

Shiba Inu Crashes to $0.000013  

Meanwhile, the recent market downturn dealt a heavy blow to Shiba Inu. The token dipped below the $0.000015 price territory once again.

For context, Shiba Inu initially surpassed $0.000015 on July 18 and subsequently rose to a multi-month high of $0.00001596 three days later. This rally saw Shiba Inu climb to the 18th place in the global crypto ranking. 

However, yesterday, the broader crypto market experienced an intense correction, as SHIB’s price slumped to the $0.000013 region. Shiba Inu also dropped to the 20th position in the crypto ranking, with Litecoin and Unus Sed Leo overtaking it. 

Currently, Shiba Inu is at $0.00001356, boasting a market cap of $7.99 billion. At the current price, it is down 9.67% over the past 24 hours and 6.42% over the past week. 

More Holders Incur Losses 

Amid the collapse, the number of investors sitting on profits dropped significantly. As of yesterday, 20% of Shiba Inu’s supply was said to be profitable, while 75% of the supply was “out of the money,” including those held in the burn wallet. 

Currently, approximately 607,910 blockchain addresses are profitable, holding a combined 168.88 trillion SHIB tokens, which represents 17.17% of Shiba Inu’s total supply.

In contrast, 814,490 addresses holding 786.79 trillion SHIB (79.98% of the supply) are still underwater. Only 38,540 addresses are currently at breakeven, with a combined 28.1 trillion SHIB. 

Elon Musk’s Tesla Confirms It Still Holds 11,509 Bitcoin Worth Over $1.2 Billion

Zabi
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0
Elon Musk’s Tesla Confirms It Still Holds 11,509 Bitcoin Worth Over $1.2 Billion

Tesla confirms it still holds its massive Bitcoin stash worth over $1.2 billion as of Q2 2025 amid mixed earnings results.

The company, led by Elon Musk, reported an unrealized gain of $284 million from its Bitcoin holdings in the second quarter of 2025, taking advantage of a sharp rally in the crypto price during the period.

Bitcoin surged approximately 30% in the second quarter. It climbed from around $83,000 on April 1 to about $108,789 by the end of June. As of press time, the cryptocurrency continues its upward momentum, trading at $118,714, up 0.25% in the past 24 hours.

This crypto-driven windfall provided a bright spot in an otherwise difficult earnings season for Tesla. Notably, the company is grappling with weakening demand for its core electric vehicle (EV) lineup.

The accounting change that allowed this gain to be recognized stems from a new rule issued by the Financial Accounting Standards Board (FASB), effective from Q1 2025.

It enables public companies to record the fair market value of their digital assets quarterly. This marks a significant shift from the previous rule, which mandated reporting only the lowest value those assets hit during the reporting period.

Tesla Bitcoin Holdings

Under the old method, Tesla and other crypto-holding firms often saw unrealized gains left off the books if prices recovered. The updated FASB rule now gives shareholders a clearer picture of how these volatile assets are truly performing.

This was particularly impactful for Tesla, which reported a $125 million loss on digital assets in Q1 but rebounded sharply in Q2.

Notably, Tesla holds 11,509 Bitcoins, currently valued at around $1.2 billion, according to BitcoinTreasuries.net. This places it among the top ten corporate holders globally. For context, the company has been holding this Bitcoin for several quarters without sale since 2022.

EV Sales Slump Shadows Earnings

Despite the crypto-related boost, Tesla’s core business is under pressure. Revenue from automotive sales declined 16% year-over-year, the second straight quarterly drop. This mirrors a 14% decrease in vehicle deliveries for Q2, falling to 384,000 units, based on earlier company disclosures.

Tesla’s total revenue for the quarter was $22.5 billion, coming in slightly below Wall Street estimates of $22.74 billion. Meanwhile, adjusted earnings per share landed at $0.40, falling short of the expected $0.43.

Tesla Stock Sinks as Rivals Gain Ground

Tesla’s stock has fallen roughly 18% year-to-date, underperforming major tech peers. In contrast, the broader Nasdaq Composite is up about 9% in 2025. Analysts attribute the sell-off to rising competition, strategic delays, and political tensions.

One notable setback is the company’s postponement of its low-cost “Model 2” EV, a vehicle that was expected to compete with budget-friendly electric offerings.

The delay has created an opportunity for Chinese EV manufacturers to expand aggressively and capture market share with their affordable, technology-rich models.

Crypto Gains Can’t Drive Tesla Alone

While the accounting change regarding crypto reporting has offered Tesla a financial cushion this quarter, the company’s long-term prospects will depend on its ability to revitalize vehicle sales and fend off rising competition. For now, the Bitcoin bump is a temporary distraction from deeper operational challenges.

If You Own XRP, You’re Already Ahead of a Lot of People, Expert Says

Abdulkarim Abdulwahab
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0
If You Own XRP, You’re Already Ahead of a Lot of People, Expert Says

Digital finance expert Jake Claver outlines how XRP holders could be sitting on life-changing wealth if they have patience.

In a recent appearance on the Digital Outlook Podcast, Jake Claver, Director of the Digital Ascension Group, said that owning XRP already puts investors ahead of most people.

According to him, the important part is defining what “rich” means to each individual, noting that everyone has different goals based on their vision for life and family.

Claver encouraged his listeners to calculate their ideal lifestyle. This could mean estimating the cost of a quiet life off the grid, or a lifestyle that allows for travel and giving back to the community, and using that estimate to determine their financial targets. 

“Write it all down,” he said, “and figure out what that costs you monthly.”

From Passive Income to Financial Freedom

Claver shared his personal benchmark for financial freedom. Specifically, he mentioned earning twice the income required to fund his dream lifestyle, all from passive sources. 

He estimates that he would need roughly $1.2 million per year in passive income to achieve that level of financial independence.

Assuming a 10% annual return, Claver said he would need $12 million in working capital. At a speculative XRP price of $1,000 per token, that equates to holding 12,000 XRP. 

Notably, XRP is trading at $3 today, and the journey to $1,000 represents a growth of 33,233%. Claver suggested a 2026 timeline for this $1,000 price target to materialize. On the other hand, CryptoGuard COO Matthew Brienen projected a 2035 timeline.

What About the Average Investor?

For those with more modest goals or earnings, Claver pointed out that in places like Texas or Oklahoma, a $300,000 yearly income might be more than enough to live comfortably. That would require just 6,000 XRP at $1,000 each—half his own target.

He also noted that even owning 3,300 XRP, roughly $9,900 at today’s prices, would place investors in the top 10% of XRP holders globally.

Indeed, data from the XRP Rich List confirms that to join the top 10% of XRP holders worldwide, one needs only 2,435 tokens.

Six-Figure XRP? Claver Thinks It’s Possible

Despite XRP’s current price being far from $1,000, Claver remains aggressively bullish. He compared the XRP opportunity to buying Bitcoin at $2. Interestingly, he suggested that XRP could reach six-figure prices within the next five years if it’s adopted at scale for global derivatives and other financial markets.

For context, this implies a price target above $100,000. Previously, Claver projected XRP could reach $10,000 by 2027 and continues to maintain that outlook.

However, he emphasized that patience is critical. “It’s a waiting game,” Claver said, especially for those who didn’t accumulate during the bear market.

Not Financial Advice

Meanwhile, Claver reminded listeners that his comments were not financial advice. “This is for educational and entertainment purposes only,” he said. “Always speak with your financial advisor before making any investment decisions.”

Here’s Why Bitcoin Is Going to $500,000: Top Crypto Influencer

Elendu Benedict
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Here’s Why Bitcoin Is Going to $500,000: Top Crypto Influencer

Bitcoin exhibited a similar pattern to its price action between July and September 2020, and bulls are anticipating the same bullish outcome.

The total crypto market cap dropped by 2.76% over the past 24 hours to $3.84 trillion, amid a broader market retracement. Specifically, Bitcoin retested $117,000, while major altcoins, including XRP, Solana, and Dogecoin, suffered more significant losses.

Nonetheless, Bitcoin has reclaimed $118,800 today and is still up 27% since the start of the year, fueling optimism that it could rally again in the near term. Further backing this sentiment is a recent analysis that highlights the similarity between Bitcoin’s price development now and back in 2020, when it traded around $11,000.

Similar Price Pattern: The Same Outcome for Bitcoin?

Dan Borovik, a crypto influencer and long-standing Cardano maxi, elicited optimism among the crypto community with a chart shared on Thursday. The daily chart revealed a similarity between Bitcoin’s recent price development and what the market observed five years ago, when the price was under $12,000.

Bitcoin Chart/Borovik

For context, in 2020, Bitcoin broke out from support after a period of price consolidation, rallying from $9,553 on July 20, 2020, to a high of $12,480 on August 17, 2020. BTC maintained the high for a few days, then retraced 14% in two days to retest the support in early September 2020.

After a successful retest, Bitcoin started another phase of parabolic movement, which endured until its April 2021 peak of $64,900. Then, Bitcoin experienced its first major correction from the bullish rally that began at around $10,000 in September 2020. It dropped to $28,754 in June 22, 2021, before resuming an uptrend to the cycle’s peak at $69,000 in November 2021.

Interestingly, Borovik shared that a similar pattern formed on Bitcoin’s recent chart. For perspective, BTC surged after breaking out of a descending channel on November 6, 2024, rising from $69,404 to a peak of $109,354 on January 20, 2025.

However, a downtrend ensued, pushing prices down to retest the support. Bitcoin dropped to $74,441 on April 7, marking the retest. From there, it regained bullish momentum, pumping to its recent all-time high of $123,181.

Bitcoin Going to $500,000

Borovik suggested that, if the 2020 to 2021 rally is anything to go by, then Bitcoin is likely to reach $500,000. Interestingly, this marks a 320% rally from its current price of $118,804 and would also take its market cap to $9.95 trillion.

Notably, his prediction aligns with that of Binance’s co-founder Changpeng Zhao. He predicted that Bitcoin would reach between $500,000 and $1 million this cycle amid a massive institutional influx.

However, Standard Chartered has a different view on when Bitcoin could attain the $500,000 price mark. The top banking institute projected that BTC will reach the price valuation in 2028, three years from now.

China’s Top AI DeepSeek Predicts Where Cardano Will Top This Cycle

Elendu Benedict
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0
China’s Top AI DeepSeek Predicts Where Cardano Will Top This Cycle

DeekSeek, a top China-owned AI chatbot, has predicted that Cardano could rally to double digits before the end of the bull cycle.

Notably, TapTool, a top trading platform native to the Cardano ecosystem, shared the prediction in a recent tweet. Per the post, DeepSeek projected an optimistic target for ADA during this bull cycle and identified key drivers for the parabolic expansion.

Cardano Going to $10?

DeepSeek revealed that Cardano could trade between $5 and $10 by the end of the present bull cycle. This would culminate in massive gains for holders, especially those who will maximize the recent dip.

For context, Cardano is down 7.9% since the start of the week, currently trading at $0.79. If it reaches the $5-$10 price predicted by DeepSeek, this will represent a 532% to 1,165% upsurge from here.

Meanwhile, DeepSeek’s prediction was not merely speculative; the chatbot highlighted possible drivers for this bullish price shift. First, it identified the fundamental growth of the Cardano ecosystem as a massive propellant.

Notably, the Cardano network has enhanced its scalability with the introduction of Hydra. The scaling protocol surpassed the 1 million transactions per second threshold during testing in the Doom gaming competition, and its integration as a layer 2 has significantly enhanced Cardano’s scaling capabilities.

DeepSeek also highlighted TVL growth, widespread DeFi adoption, the supply chain, and its now fully decentralized governance system as a demonstration of the fundamental development of the Cardano ecosystem.

Basho Phase, Strong Community, and Bull Market Momentum

Furthermore, the AI model noted that Cardano’s realization of its roadmap for scalability and optimization makes it more viable for institutional use cases. DeepSeek termed this the “Basho Phase Focus,” suggesting that the ecosystem’s continued development is a major lure for mainstream adoption.

It also lauded the efforts of the ever-loyal Cardano community, citing this as a bullish indicator. The engaged community and their participation in network activities, such as staking, would improve the security and stability of Cardano.

Additionally, DeepSeek tapped ADA’s historical performance in a bullish market setting to drive further upside. It claimed that a combination of the aforementioned fundamentals and positive sentiments from past performances would drive Cardano to the $5-$10 price target.

DeepSeek's Cardano Analysis
DeepSeek’s Cardano Analysis

Analysts Agree With DeepSeek’s Cardano Price Prediction

Interestingly, the $5 and $10 targets for Cardano are a common expectation among market analysts. For context, Alex Becker predicted that ADA would easily rally to $5 this cycle, with Mr. Banana insisting that those who sell below the $5 target did not fully realize Cardano’s bullish potential.

For the $10 target, Dan Gambardello shares the same outlook. He referred to the target as realistic for this cycle, agreeing to an outlook from the AI-powered Zero platform. Meanwhile, Cardano SPO Ssebi also predicted that Cardano would reach $10 this cycle, citing a similar driver with DeepSeek.

Expert Says This XRP Fall Is Just a Coffee Break

Abdulkarim Abdulwahab
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0
Expert Says This XRP Fall Is Just a Coffee Break

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.

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%

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