The post Is This the Last Chance to Buy XRP, or Will It Drop Below $1? appeared first on Coinpedia Fintech News
The cryptocurrency market has been in turmoil, and XRP has not been spared. After days of heavy selling, XRP is now trading at $2.37, down sharply from its recent high of $3.18. The token even touched a low of $1.53, leaving many wondering whether this is a golden buying opportunity or the start of a deeper fall.
This decline is not unique to XRP — the entire altcoin sector has been moving in sync with Bitcoin and Ethereum. When major coins dropped, smaller assets followed suit, amplifying losses across the board.
Is the Bottom In, or Is More Pain Ahead?
Some experts say XRP hasn’t reached its bottom yet. They expect another leg down, possibly toward the $1.30–$1.50 range, before a sustained rebound. Others think the worst may be over, with the recent crash flushing out excess leverage from the system.
Bitcoin’s next move will likely decide XRP’s direction. If Bitcoin stabilizes above important support levels, XRP could regain strength. However, if Bitcoin falls below $100,000, another dip for altcoins could follow.
XRP Price Analysis: Analyst Warns of a Larger Pullback
Analyst Josh said that XRP is still showing the bearish divergence he talked about months ago. Since July, he had been warning that the price could see a larger pullback, even though many did not agree at the time.
He explained that XRP breaking below $2.70 was an early sign of weakness. Once that level failed to hold, the next targets were around $2.50 and then close to $2 — both of which have now been reached. After this big move down, he expects XRP to calm down over the next few days.
The price could move sideways for a while, showing small bounces and dips as the market settles. According to him, this short period of quiet trading will likely come before the next clear direction appears.
Source: https://coinpedia.org/news/is-this-the-last-chance-to-buy-xrp-or-will-it-drop-below-1/
