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XRP fell more than 30% from $ 0.74 to $ 0.55 at the time of writing after the sharp correction. In the last hours, the entire crypto market and therefore also the price of XRP has stabilized. XRP is down 1.79% in the last 24 hours. Market capitalization has fallen to $ 25 billion.
As Crypto News Flash reported , XRP briefly rose to $ 0.90 on Coinbase on Tuesday. Soon after, however, the price fell after the platform experienced some technical difficulties. Given the potential, the current situation is a fantastic opportunity for the Credible Crypto trader and analyst to get into XRP at a low price.
In his view, investors will never again be able to buy XRP at such a low price in the next few years. He explains on Twitter that now all interested parties must buy XRP while the cryptocurrency is still in the price range between $ 0.38 and $ 0.55:
To be able to buy $ XRP between 0.38 and 0.55 is a blessing. If you have this opportunity, you better take it. There are no guarantees that we will reach the bottom of this range, so lowering the DCA is your best bet.
Credible Crypto is a well-known XRP bull and has already predicted in numerous analyzes a price increase of over 1,000% with a price target of $ 25-30. Notably, it also correctly predicted a correction of almost 30%. The analyst states that all investors should be cautious as XRP is up more than 60% compared to BTC and could continue to correct:
In one day, $ XRP is up over 60% compared to $ BTC . We can pause for a moment as we face key resistance and with BTC closing in on a potential local top (once we take out ATH) it's time to get a little cautious on $ XRP and keep your eyes peeled for a purchase of products.
Trader "Smokey" claims that XRP needs to hold support at $ 0.48 on the weekly chart for the recent XRP uptrend to continue. If XRP were to fall below this level, it could follow a correction of as low as $ 0.30. The following graph shows the respective levels.
XRP enthusiast and trader "Blockchain Backer" describes that XRP has fallen to the last support level and may have found its bottom. In his latest video update , he warns his followers that XRP could face another big correction and that all investors should work with intelligently placed stop-loss orders.
According to the latest data from analyst firm Santiment, Ripple's XRP surpassed Ethereum in social volume for the first time in seven months. This is the first time that daily social volume has surpassed XRP, making it the most talked about crypto behind Bitcoin. Additionally, XRPL development activity has increased 5 times in the last 18 months. According to Santiment, last week's 'altocoins' rally was not a huge surprise, as these assets often followed up when Bitcoin took a breather.
