XRP: Top Analyst Identifies Lower Price

Linda Jones, a well-known name in financial authorship, is telling investors to take advantage of XRP’s currently low price and buy more.

Amid recent market dips at the start of the month, Jones shared her advice in a post on X (formerly Twitter) this Tuesday. She addressed those who had previously worried about XRP’s higher prices, pointing out that the market is now going through a significant correction.

Instead of panicking and selling, she encouraged investors to look at this as a golden opportunity to purchase XRP at a lower price. “You wanted a lower XRP price? Well, here it is,” the American wealth mentor wrote.

XRP Price Dip and Diverging Market Reactions

The price of XRP saw a significant drop between March 3rd and 4th, plummeting 26% from $2.99 to $2.20. This downturn mirrored a wider bearish trend in the market, which followed a price surge initially triggered by Trump-related news.

This sharp fall sparked widespread concern, and some analysts highlighted a bearish “head-and-shoulders” pattern, suggesting potential further price drops ahead.

Adding to the worry, analyst Ali Martinez even floated the possibility of XRP’s price sinking to $1 amidst the Tuesday market slump.

However, amidst this wave of panic, fear, and uncertainty, Linda Jones stepped in to counter the negative sentiment. She urged the investing public to ignore the bearish predictions and capitalize on the dip by buying more XRP. She cautioned investors against missing out, emphasizing her expectation of prices rising again soon. In fact, her post included an energetic GIF depicting XRP taking off on a “moonshot” trajectory.

Echoing this optimistic stance, other XRP proponents like Egrag have voiced similar opinions regarding XRP price drops. Egrag posted that the specific price point of XRP purchases would become insignificant in the years ahead, suggesting that investors would primarily regret not buying more.

Reflecting a positive shift, XRP is already showing signs of recovery from yesterday’s price slump. Today it reached an intraday high of $2.52, indicating a rebound of approximately 14.55% from the previous day’s low.

Critics Say XRP Pump Means Time to Short

Despite the strong wave of optimism among XRP supporters, some critics are still expressing doubt. One X user recently tweeted that the current price recovery might just be a “bull trap.” This user contends that each upward movement in XRP’s price should be seen as a chance to bet against it by “shorting” the market.

“They lure you into thinking it’s a good time to buy, fostering a strong connection to XRP, just so they can sell off their holdings,” the user explained.