XRP’s Low Price Isn’t A Problem—It’s Actually A ‘Blessing’, Finance Expert Says

Share This Post

According to recent posts from market commentators, XRP has fallen back under pressure as Bitcoin trades near $103,000 and hovers around the $101,000 support level.

A crypto expert, Coach JV, told followers that seeing XRP trade under $2 would be a “blessing” for disciplined buyers.

Reports have disclosed that XRP gave up the $2.5 level and now faces bears that could push it to new lows below $2.

XRP Drops Near Key Support

Based on numbers from market trackers, the broader crypto market lost about $350 billion in total value between Nov. 3 and 4. XRP was hit hard in that stretch, falling about 14% to roughly $2.2.

Analysts suggested those who missed buying under $2 might get another chance if current weakness continues. Momentum has been driven by Bitcoin’s pullback, and that pressure has been passed down to many altcoins, XRP included.

Market Moves And Historical Context

Coach JV pointed out that a drop below $2 would wipe as much as 37% off a position opened at the start of August. For example, a $100,000 stake would be worth about $63,000 in that scenario.

Those are headline numbers that grab attention. Yet the message being pushed by some analysts is simple: a downturn can create low-price buying opportunities.

After the collapse from $3.30 in January 2018, XRP stayed mostly between $0.3 and $0.7 for seven years, until the rally in November 2024 reopened the market for large gains.

Opportunity For The Patient

According to JV, patient accumulation during weak patches is what separates winners from those who chase rallies later. He wrote that when others are chasing green candles, early accumulators are often already sitting on gains.

This is a common refrain among crypto traders, and it was echoed by other figures in the XRP community. Reports have also recorded that the phase where XRP traded under $1 closed after the 2024 rally, and many now watch the $2 area closely for fresh entries.

Technical Views Remain Bullish On Higher Timeframe

Meanwhile, Egrag Crypto, another analyst focused on XRP, said the long-term chart still looks bullish. He flagged data distortion on Oct. 10 across exchanges like Binance, Bitstamp, and Coinbase, and he identified $1.4 as that date’s low.

That low was noted in his analysis, and he argued that higher-timeframe structure hasn’t been broken. His tone was confident, even as he admitted short-term pain.

Featured image from Unsplash, chart from TradingView

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Binance Suspends Staff Over Insider Trading

The post Binance Suspends Staff Over Insider Trading appeared first on Coinpedia Fintech News Binance has suspended an employee after reports of insider trading surfaced involving a recent token

Bybit and Circle Partner to Expand Global USDC Adoption

Cryptocurrency exchange and stablecoin issuer collaborate to enhance USDC liquidity and regulatory-compliant digital asset services UAE-licensed platform Bybit announced a strategic partnership with

Tether just moved $4 billion Bitcoin for Twenty One, but the chain data reveals a deceptive liquidity trap

A $39 billion transfer moving 43,033 BTC was recorded on-chain and flagged by Whale Alert, with the receiving cluster matching labels used by intelligence dashboards for Twenty One, known as XXI The

How Wall Street Locked In Guaranteed Returns in Ripple’s $500M Share Sale

The post How Wall Street Locked In Guaranteed Returns in Ripple’s $500M Share Sale appeared first on Coinpedia Fintech News Ripple’s latest funding round, where they had raised $500 million at a

Binance Confirms Midnight (NIGHT) Listing ADA Surges 4% After Announcement

The post Binance Confirms Midnight (NIGHT) Listing ADA Surges 4% After Announcement appeared first on Coinpedia Fintech News Cardano’s privacy-focused Midnight network is stepping into the

Dogecoin Payments For Cars: The Quiet Promise That Tesla’s New Code Carries

DOGE community member DogeMemeGirl has drawn the community’s attention to Tesla’s new code, which hints at Dogecoin payments integration This comes over a year after Elon Musk revealed that Tesla