The post Ripple News: Wall Street Analyst Say Now Is the Perfect Time to Start Buying XRP appeared first on Coinpedia Fintech News
Recent discussions led by Abs, the host of the popular Good Morning Crypto podcast, and featuring Linda Jones, a well-known analyst from Wall Street, were all about the current state of crypto community’s beloved altcoin, XRP.
While Bitcoin was reaching new all-time highs, XRP remains well below its all-time high, a situation that has caused concerns among its retail investors. However, according to the experts, this dip is not an issue but a golden opportunity for those looking to get into XRP as a way to expand their investment portfolios.
XRP Price
During the 2017 bull run, XRP witnessed an incredible rise of 70,000%, making it one of the best-performing coins of the entire cycle. This parallel from the past is important to fully grasp why Jones and Abs are bullish about XRP’s current situation. The presence of large-scale transactions and massive whale activity further show that people are becoming more interested in XRP, which means now is a good time to buy.
In Jones’ words:-
“Don’t worry about the price; the price will take care of itself.”
Meanwhile, recent data from Whale Alert reveals three hefty XRP transactions totaling 75 million tokens. These transactions include major sales to cryptocurrency exchanges and large purchases, highlighting a vibrant trading environment for XRP.
Optimism Amidst Underperformance
With XRP’s price navigating through a critical range between the key support level of $0.56 and the resistance level at $0.74, the market is actively watching for a breakout. Surpassing the $0.74 mark could push XRP towards higher resistance levels, offering lucrative opportunities for anyone who enters the market now.