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Analyst Says XRP’s Slump is Just a ‘Coffee Break’ – Here’s Why
The recent market performance of Ripple’s native asset, XRP, has been nothing short of tumultuous. Following a drastic price drop, some investors are starting to lose their grip on reality, but not renowned analysts like John Squire and Armando Pantoja, who believe this slump is merely a “coffee break” for the token.
The reasoning behind such an assertion lies in the perspective that XRP’s decline is not unusual. In fact, it’s just a minor correction within its overall upward trend. The analyst emphasizes that the real run has yet to begin and encourages investors to remain calm and continue holding onto their assets.
Moreover, there are some positive signs emerging on the horizon. Market participant Ali Martinez reported that whales have accumulated over 280 million XRP in the past ten days, which could be indicative of a forthcoming surge in price. Additionally, the TD Sequential indicator has flashed a buy signal for XRP, further bolstering the case for a potential turnaround.
In conclusion, considering these elements, Squire and Pantoja suggest that investors should not let panic dictate their actions, but instead take advantage of this temporary lull to reload or even initiate fresh positions.
Source: cryptopotato.com
