- Finance expert Coach JV says XRP trading below $2 represents accumulation opportunity.
- Token relinquishes $2.5 level as Bitcoin flirts with $100,000 support at $101,914.
- Drop below $2 would mean 37% decline for investors who bought in early August.
Finance expert Coach JV has suggested that XRP trading below $2 represents a favorable opportunity for investors. His perspective arrives as the token surrenders the critical $2.5 level amid broader market weakness.
Bears are threatening steeper declines that could push XRP to new lows beneath the $2 support zone. The bearish momentum shows Bitcoin’s downward pressure as BTC hovers near $100,000 support, currently trading at $101,914.
Analysts project potential sub-$2 movement
Multiple market observers have indicated that an XRP drop below $2 could materialize as weakness dominates price action. Income Sharks recently stated that those who missed buying XRP under $2 could soon receive another chance to enter at those levels.
If XRP falls below $2, investors who purchased at the start of August would see their holdings decline by at least 37%. This translates to a $100,000 investment being worth only $63,000 at that price point. However, Coach JV frames this scenario differently, identifying a positive aspect to the potential decline.
“Most see disappointment; the disciplined see accumulation,” the finance coach stated. He noted that while most investors perceive losses and disappointment, those maintaining a disciplined mindset recognize an opportunity to accumulate additional tokens at lower prices.
Following the collapse from $3.31 in January 2018, XRP predominantly traded within a range of $0.3 and $0.7 for an extended period. This provided investors an opportunity to acquire tokens at reduced prices. The window lasted approximately seven years until the November 2024 rally closed the opportunity to purchase XRP below $1.
Long-term holders positioned for gains
XRP has continued trading between $2 and $3 in recent months. Market experts including Coach JV believe any dips below $2 would represent another chance to acquire tokens at favorable prices before potential future appreciation.
This sentiment stems from optimism among market commentators who remain confident XRP will recover from the current downturn and climb to higher levels. Such price action could potentially generate substantial returns for investors who accumulated at current prices, though this remains speculative without guarantees.
“This is where the patient become wealthy,” Coach JV stated. According to his perspective, when others who failed to recognize the opportunity begin chasing upward price movement during a rally, those who accumulated early would already be positioned with profitable holdings.
Source: https://thenewscrypto.com/xrp-drop-below-2-creates-accumulation-opportunity-for-patient-investors-heres-why/
