The easy summary and advice of the XRP/USDT report is
Market Condition: Currently, there is a lot of fear (extreme fear) in the market because the price of XRP has dropped by up to 40% in the last few months.[1, 2] It is currently trading between $1.37 and $1.46.[3, 4]
Where to Buy? (Entry Levels):$1.40 is an important level. If the price stabilizes here, it could go up.[3, 5]
If the price drops further, $1.25 and $1.12 are great "value" points where cheap XRP can be found.[6, 5]
Strategy for 10 USDT:The best approach is to not spend your 10 USDT all at once but rather divide it into two parts:
Place a 5 USDT order at $1.35.
Place a 5 USDT order at $1.20. This way, if the price drops further, your average price will improve.[7]
Target and Recovery: As long as the price does not go above $1.65 and $1.71, the market trend will remain somewhat weak. A significant increase (rally) may occur if it goes above these levels.[1, 8]
Achi Khabar (Long Term): Bare institutional investment (ETFs) are still taking interest in XRP and have invested $1.23 billion so far.[3, 9] In addition, new features (Privacy and Lending) are being added to the XRP Ledger that could enhance its utility in the future.[1]
Summary: Spot trading for 10 USDT (without leverage) is better to keep your capital safe during price fluctuations.$XRP
XRP1.3527-1.92%