XRP holders, look here! Beware of the possible decline risks ahead!
Dear XRP friends, the current trading price of XRP is 2.3714, up 11.36%, looks pretty good. But don't celebrate too early, there might 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 might be downhill. Plus, the 16 billion crypto release from FTX is like a flood coming in, the price might not hold up.
Also, those creditors are starting to take action, they plan to sell off their assets, and the price will surely drop. When the price is low, they will buy back, making a double profit. We need to be cautious about this maneuver.
So, if you want to buy XRP, wait for the price to drop and then buy, it's more cost-effective. If you already hold it, you might want to consider whether to sell now for safety.
From the current chart, although the trend is still upward, the ideal selling positions are at 3.5 and 3.7. Remember, don't be fooled by the bear market, it might set traps to take our money. So, we need to be prepared at all times to respond to potential 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 gains.
As for the next layout direction, I will guide everyone to aim for the lucrative opportunities in altcoins, especially those with great potential, expecting a space of over 10 times is not a problem. If you want to make big money in a bull market, like + comment, and let’s layout the entire bull market together!
