Analyst Recommends Buying XRP Only If Price Drops to $1.6-$1.5
XRP has declined by 19% over the past week amid a bearish market, now trading at $2.16. Analysts suggest further price drops may occur despite long-term optimism. Key points include:
- The inability to maintain support levels pushes XRP closer to the $2 mark.
- Analysts recommend waiting for a potential dip to the $1.6 to $1.5 range before buying.
- XRP remains popular among retail investors, with expectations of future price surges beyond $10 or even $27.
- Current trends indicate more downside movement in the short term, advising caution for bullish investors.
Investors are advised to monitor market conditions closely as they influence XRP's long-term prospects and potential accumulation zones.
