An Investment Strategist Now Advises Continuing To Buy XRP

Investment Strategist Recommends Holding XRP

An experienced investment strategist advises investors to continue buying XRP if it maintains a specific price level. The strategist also identifies a crucial level for potential exit points.

Despite a market pullback in the cryptocurrency sector, XRP has shown remarkable resilience, surging 30% over the past week. This performance has outpaced many other top 10 assets by market capitalization.

• Bitcoin has fallen below $95,000, losing 3.61% in 24 hours.
• Altcoins like Solana and Dogecoin have experienced steeper drops of 5.48% and 4.2%, respectively.
• Ethereum is the only top-10 asset showing gains.

Tunc Satiroglu's XRP Chart Analysis

Investment strategist and mathematician Tunc Satiroglu provides a bullish outlook for XRP based on a 4-hour chart that highlights critical price levels and indicators.

Range-Bound Movements

• XRP is currently trading within a range of $1.30 and $1.60 Fibonacci levels.
• A break below $1.30 could indicate a bearish reversal.
• Resistance lies at $1.60, with potential for a surge towards $1.96 if this barrier is broken.

Indicators Show Mixed Momentum

• Parallel trend lines form a bullish channel.
• Volume data reveals strong buying interest, but recent drops suggest waning enthusiasm.
• Stochastic indicators hint at potential bullish continuation if buyers regain control.
• On-chain data indicates significant whale accumulation.
• Small investors are reportedly selling their holdings.

XRP currently trades at $1.38.

Caution

As with any investment, it's crucial to exercise caution and conduct thorough research before making any decisions.