Is the recent dip in $XRP a good opportunity to hold?
According to on-chain data from Santiment, XRP has risen over 340% in the past month. Early investors have reaped significant profits, but now face selling pressure. A further dip is expected in the coming days, so should we continue to hold or buy the dip?
Looking back at history in May 2021, XRP also experienced a month of rising prices followed by a 35% correction in the subsequent half month. If history repeats itself, XRP may experience a similar drop in the future. So, can we hold our positions during that correction?
Currently, the XRP market has provided another entry opportunity with a correction, and $2.00 is an excellent golden entry point. However, the current price has reached around $2.20. Personally, I suggest holding positions; yesterday's XRP still showed an upward trend. With the Trump administration coming into power next month and the resolution of the legal dispute with the SEC, XRP may still see $5 next month.
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