The post Analyst Says Only Buy XRP If It Reaches This Level appeared on BitcoinEthereumNews.com.

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. XRP has been caught in the broader market downturn over the past week, shedding 19% of its value amid a wave of bearish sentiment. This downturn comes despite the fact that many analysts remain optimistic about its long-term prospects. One particular technical analyst has now weighed in on when it would be wise to buy XRP, warning that its short-term outlook is shaky and its price may continue declining. Analyst Identifies The Ideal Buy Zone For XRP The past week has been challenging for XRP holders as the token has struggled to maintain key support levels. Its inability to hold these levels has pushed it closer to the $2 mark. However, the latest technical analysis suggests that this decline may not be over yet, and a further downside movement appears likely. Related Reading This XRP price decline has caused growing uncertainty among many retail investors, especially because XRP is increasingly becoming the choice of coin for retail investors in this cycle. Given XRP’s growing reputation as a retail favorite and its long-term bullish potential, this decline would be the best time for bullish investors to load up on more tokens. However, a crypto analyst recently warned that the current price is not the ideal entry point for those looking to capitalize on the coin’s bullish potential. Source: Chart from X Although XRP is one of the most promising cryptocurrencies from a technical perspective, the timing of purchases is also…

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Filed under: News - @ March 11, 2025 4:24 am