XRP holders, look here! Be careful of the potential drop risk ahead!
Dear XRP friends, the current trading price of XRP is 2.3714, up 11.36%, it looks pretty good. But don't get too happy too soon, there may be pitfalls ahead!
Why do I say that? You see, XRP has already reached that 'no trading' zone for the third time, it's like climbing a mountain and reaching the third peak, the next may be downhill. Plus, the 16 billion cryptocurrency release from FTX is like a flood coming, the price may not be able to hold on.
Also, those creditors have started to take action, planning to sell off their assets, and the price will definitely fall. Once the price drops, they will buy back, doubling their profits. We need to be cautious about this operation.
So, if you want to buy XRP, wait for the price to drop before buying, that way it's more cost-effective. If you already hold some, you might want to consider whether it’s better to sell first.
Looking at the current chart, although the trend is still upward, the ideal selling points are at 3.5 and 3.7. Remember, don’t be fooled by the bear market, it may set traps to profit from us. So, we must always be prepared to deal with possible fluctuations.
In short, dear XRP friends, now is not the time to relax, we need to keep our eyes wide open, see the situation clearly, and not be blinded by the current increase.
In terms of future layout direction, I will guide you to aim for the lucrative opportunities in altcoins, especially those with great potential, where an expected growth of more than 10 times is not a problem. If you want to make big money in the bull market, like and comment, and I will take you to layout the entire bull market!
