XRP dropped 17% in June, should we buy the dip or bail out?
XRP has plummeted to $1.11 since the start of the month, marking a 17% drop in June. A lot of folks are asking me if now is a good time to buy the dip.
To be honest: XRP is in a tricky spot right now.
CoinRadar's quant score shows that XRP's current trend score is only 5, with a confirmation score of 2, giving it a total score of 7—this falls into the weak zone. Historically, coins with scores below 7 have less than a 30% chance of a short-term rebound.
I’m not saying you can’t buy XRP, but you need to know what you’re getting into. If you’re looking to take a short position for a quick bounce, it’s safer to wait until the score climbs back above 8. If you believe in holding long-term, then yeah, the current price is 17% cheaper than it was a month ago.
Personally, I lean towards waiting for confirmation before jumping in. No guessing the bottom, no gambling on rebounds—waiting for clear signals will definitely boost your win rate.
What do you think XRP will drop to?
#XRP #Crypto #CryptoCommunity
XRP has plummeted to $1.11 since the start of the month, marking a 17% drop in June. A lot of folks are asking me if now is a good time to buy the dip.
To be honest: XRP is in a tricky spot right now.
CoinRadar's quant score shows that XRP's current trend score is only 5, with a confirmation score of 2, giving it a total score of 7—this falls into the weak zone. Historically, coins with scores below 7 have less than a 30% chance of a short-term rebound.
I’m not saying you can’t buy XRP, but you need to know what you’re getting into. If you’re looking to take a short position for a quick bounce, it’s safer to wait until the score climbs back above 8. If you believe in holding long-term, then yeah, the current price is 17% cheaper than it was a month ago.
Personally, I lean towards waiting for confirmation before jumping in. No guessing the bottom, no gambling on rebounds—waiting for clear signals will definitely boost your win rate.
What do you think XRP will drop to?
#XRP #Crypto #CryptoCommunity