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Dear community,
In recent weeks, we have collectively followed the impressive price rally of XRP up to 1.63 USD. But now we stand at a crucial point: a correction is almost inevitable. The next days and weeks could be an important phase for all of us.
Currently, XRP is trading at around 1.40 USD. It is very likely that the price will test the 1.39 USD mark. If this support does not hold, we could even see a decline to 0.65 USD. Why? In most cases, strong price gains are followed by a consolidation, where the market 'calms down' before it heads in the next direction. This decline is therefore a normal reaction to the enormous price movement of recent times.
What does this mean for us as a community?
1. Preparation is everything: Expecting a correction is not a disaster, but a natural part of the market. Be aware that prices may fall further, but this could also be an opportunity to position yourself for the next movements.
2. Long-term focus: After the correction, we could expect a sharp increase to 3 to 5 USD in the coming months. Positive news around Ripple or the XRP network could support this increase.
3. Patience and calm: In this phase of uncertainty, it is important to stay calm and focus on the long-term perspective. The market will experience fluctuations repeatedly, but those who think long-term are usually rewarded.
What can you do?
• Observe the market closely: Look at how the price behaves at key levels like 1.39 USD and 0.65 USD.
• Don't hesitate if the price falls: If the price really drops to 0.65 USD, this could be a great opportunity to buy more before the price rises again.
Summary:
The correction is coming, but it is not a reason to panic. It is an opportunity for us to prepare for what is to come. Be patient and keep an eye on XRP – after this correction, the way could be clear for strong growth.
Stay informed and prepared!
XRP Switzerland Community
