- Analyst believes altcoin XRP is breaking down to hit lower buy targets soon.
- Ripple’s XRP is still in a very bullish state and can hit new ATH prices soon.
- This could be the last opportunity to buy XRP at low prices.
A popular and reputed crypto market analyst believes altcoin XRP is breaking down to hit lower buy targets soon, marking this move as a last opportunity of sorts to buy and own Ripple’s XRP at low prices. This faith showcases the possibility for the price of XRP to hit much higher ATH prices in the coming days ahead. So far, there have been many bullish predictions for XRP, how high will it go?
Analyst Believes Altcoin XRP Is Breaking Down
With the price of BTC having fallen below the $95,000 price range, analysts and traders are crushed to see that market sentiment has fallen to ‘extreme fear’ territory. This latest price dip has practically confirmed that the crypto market has entered its bear market phase, something that only a few analysts have predicted since Q3 of the ongoing year. However, despite the falling sentiments, a few analysts are still hoping to see altseason.
Another reason why most analysts, whales, and traders, continue to accumulate is because many believe the crypto market is shifting from its 4-year bull cycle. This could mean that while BTC is in a bear market at the moment, it could shift back into a bull market much sooner than expected, which could be in under a year, rather in 3 more years, like it used to be. Thus, many altcoin traders continue to accumulate at lower prices.
At the moment, since both BTC and ETH prices are down, nearly all altcoin prices have also dipped significantly. Even Ripple’s XRP, one of the most popular altcoins, expected to make a bullish run in the coming weeks and months ahead is trading at slightly lower prices. According to CoinMarketCap analytics, the price of XRP is currently trading in the $2.26 price range.
Last Opportunity to Buy XRP at Low Prices
Over the months, expectations and price predictions for Ripple’s XRP have grown extremely bullish, with incredibly high targets entering the 2 and 3-digit price range. The most popular of these new ATH expectations are $21 and $27 for XRP prices during the peak of the altseason. This altseason is still being expected by many analysts and traders. However, for now, accumulation is adviced as XRP hits lower prices.
As we can see from the post above, this popular market analyst says that XRP is starting to break down and will be reaching buy targets soon. This, she says, could really be one of the last buying opportunities that we get around $2. She says that breaking down past the support at $2.18 would help confirm the rest of the drop on XRP. She ends her message by advising to pay very close attention to Bitcoin breaking $94,500.
