Investment strategists advise you to keep buying XRP as long as you maintain a certain price level and also point to significant levels of potential exit points.
Experienced market veterans and investment strategists advise investors to buy #XRP .
this recommendation comes amidst the fact that xrp has shown significant strength in a market that is experiencing a broader downturn in the cryptocurrency sector.
Over the past week, XRP has posted an impressive 10% gain, significantly outperforming many other assets in the top 30 by market capitalization. #Bitcoin recently dipped below the $95,000 mark and fell 3.61% in just 24 hours, while XRP managed to limit its losses to just 1.73%. In contrast, other altcoins such as #Solana and Dogecoin saw sharp declines of 5.48% and 4.2% respectively.
#Ethereum is the only asset in the top 10 to show growth during this period.
Investment strategist and mathematician Tunç Satiroglu published an analysis that confirms the optimistic outlook for xrp.
The 4-hour chart shows the key price levels and indicators that could affect the short-term direction of XRP.
Satiroglu's chart shows that XRP is currently trading mostly in the range of 1.30 to Fibonacci levels of 1 to 1.60.
The range was established 2 weeks ago after XRP broke above 3 for the first time in 1 year.
XRP initially peaked at 11/23 pe-1.63, followed by a slight pullback.
The price is fluctuating between 1.30 and 1.160, so Satiroglu believes that 1.30 is an important stop-loss level for investors, and a decline below this threshold could signal a downward reversal.
Conversely, the 1.60 level acts as an important resistance point.
If XRP is able to overcome this barrier, it could open the way for a rise in the growth area of 1.70 with the potential to 1.96.
Market analyst Peter Brandt has even suggested that a jump above Rs. 1.96 could trigger an explosive rise in xrp.
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