$XRP just tagged its lowest price in 60 days. Would you put $500 in at 1.18, or is it too early?
Not one of the 7 majors I track is green over 24h, but XRP is bleeding the hardest: -9.7% to 1.1856, after topping out at 1.3414 earlier this week. The low at 1.1776 is the bottom of the whole 60-day range, and 24h volume (~$158M) is running about 1.7x its 7-day daily average. That's real selling, not a quiet drift.
The case for buying: you're getting a ~12% discount from this week's high, right at a level XRP hasn't seen in two months. If 1.18 holds, dips like this are often where swing entries look best in hindsight.
The case for waiting: a fresh range low on heavy volume is a breakdown until proven otherwise. BTC is also down ~5.8% on the day, so there's no market tailwind yet. Catching a knife that hasn't stopped falling is how small positions turn into big regrets.
Your call: buy the 60-day low, or wait for a reclaim of 1.20+ first?
Not financial advice.
#XRP #CryptoMarket #Altcoins
Not one of the 7 majors I track is green over 24h, but XRP is bleeding the hardest: -9.7% to 1.1856, after topping out at 1.3414 earlier this week. The low at 1.1776 is the bottom of the whole 60-day range, and 24h volume (~$158M) is running about 1.7x its 7-day daily average. That's real selling, not a quiet drift.
The case for buying: you're getting a ~12% discount from this week's high, right at a level XRP hasn't seen in two months. If 1.18 holds, dips like this are often where swing entries look best in hindsight.
The case for waiting: a fresh range low on heavy volume is a breakdown until proven otherwise. BTC is also down ~5.8% on the day, so there's no market tailwind yet. Catching a knife that hasn't stopped falling is how small positions turn into big regrets.
Your call: buy the 60-day low, or wait for a reclaim of 1.20+ first?
Not financial advice.
#XRP #CryptoMarket #Altcoins
