The trends of $XRP and $BCH are somewhat similar.
It usually rises suddenly and quickly after a long period of sideways trading.
For these established altcoins, it is recommended to buy spot in batches at structural lows and wait patiently for the market to explode.
Take XRP as an example:
1. Performance in 917 days: Most of the time it was sideways, with only two significant increases, lasting about 12 days in total.
2. The first time: On July 13, 2023, the single-day increase was as high as 96%, but then fell quickly.
3. The second time: It has continued to rise for about 10 days recently without a "one-day trip"-style decline, showing stronger resilience.
It should be noted that there is a large sell order for XRP at 1.0722, and you need to pay attention to the key points when operating.
