Analysts say XRP's decline is a "wealth transfer" opportunity for patient investors. In recent weeks, XRP has faced strong downward pressure, with six out of the past seven weeks closing lower. Despite the launch of the XRP ETF attracting $586 million in inflows, the token has still fallen nearly 12% this month. However, market analyst MichaelXBT, who accurately predicted that XRP would experience a significant breakthrough by the end of 2024, believes that the current decline is creating a huge investment opportunity. Michael previously pointed out that XRP was forming a massive bull market pennant pattern for seven years before soaring 632% to $3.66. He now thinks XRP is entering a similar accumulation phase. Recent sell-offs indicate that many investors are losing confidence, and long-term holders have realized profits of $375 million. Meanwhile, since August, XRP whales have accumulated approximately $7.7 billion in assets. According to Michael, this decline is merely a "transfer of wealth from the impatient to the patient," suggesting that XRP may be preparing for another strong rally. $XRP
XRP
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