Linda P. Jones has identified a life-changing buying opportunity for XRP and urged investors to take advantage right now. Jones, known for her works, “3 Steps to Quantum Wealth: The Wealth Heiress’ Guide to Financial Freedom by Investing in Cryptocurrencies” and “You’re Al a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Getting It make it a reality now!” took to Twitter today and shared her bullish perspective on several cryptocurrency assets.
She fiery states,” Gave a wake-up call to VIP Experience members today: If you don’t invest in XRP at $0.60, XDC at $0.06, ALGO at $0.10, XLM at $0.10… then don’t come crying when they are higher!” She drew attention to current market valuations, highlighting that many of these assets are currently being sold “at a deep discount”.
She further advised her followers and readers to take a decisive stance on their investments. “You have to scoop them up, without a perfectionist mindset of being too afraid to buy if it’s not the absolute bottom.”
While Jones emphasizes the potential benefits of these assets, she equally emphasizes the investor mindset. Suggesting that pursuing the perfect point of sale might be a misconception, she said, “You have to scoop them up, without a perfectionist mindset of being too afraid to buy if it’s not the absolute bottom.”
Stressing the timely nature of current market conditions, Jones opines: “These are life-changing prices, but you have to take action. The least risk is when prices are low, which is NOW. Could they go lower? Yes. So what, they will likely to be MUCH higher in 2 years or sooner, so what are you waiting for?”
XRP price analysis
A price analysis of the 1-day chart suggests that XRP price is at a pivotal point following the summary verdict in the Ripple vs. SEC case.
At the time of writing, XRP was trading at USD 0.59, down more than 35% from its yearly high of USD 0.93 following the Ripple lawsuit against the US Securities and Exchange Commission (SEC). Before the verdict was announced, XRP was trading at $0.47, meaning XRP price has already lost most of its gains after the euphoria over Ripple’s victory.
A look at the 1-day chart shows that XRP found support yesterday at the 100-day EMA at $0.5782. Subsequently, XRP bulls managed to mount a small recovery. However, XRP is not out of the woods yet as the correction could continue unless the price shows a trend reversal signal on the shorter timeframes.
A first step would be to break above the 61.8% Fibonacci retracement level at $0.6340. A strong confirmation would be a spike above $0.69 where the 50% Fibonacci retracement level is located.
In a bearish scenario, XRP also loses the 100-day EMA and drops to the 200-day EMA at $0.5256. The level can be interpreted as the most crucial support right now. If the “bull line” doesn’t hold, XRP price could crash to pre-Ripple prevailing levels.
Featured image from Outlook India chart from TradingView.com