• Some analysts believe the opportunity to buy at low prices has disappeared: Analyst '24HRSCRYPTO' believes that the price structure of XRP has fundamentally changed, its bottom is rising, and the opportunity to accumulate at lower levels has 'disappeared.' The days of trading around $2 are over, and XRP is entering a phase of sustained strengthening, with higher targets of $5, $6, or even $7 potentially within reach.
• Some analysts believe there are still buying opportunities or that a rapid increase is imminent: There are views that, despite XRP's strong breakout, short-term overbought conditions may trigger a flash crash. However, a trillion-dollar whale has placed orders below $3.00 to support the price, and any pullback could be a 'golden pit.' Analyst Dark Defender, based on Elliott Wave theory, believes that after XRP breaks through the descending wedge pattern, it may experience a rapid vertical rise, setting the next price targets at $13.13, $18.22, and $36.76, and suggests that August may become the month of the asset's explosion.
• Attention should be paid to market fluctuations and support levels: The cryptocurrency market is highly volatile. On July 15, XRP broke through $2.84 to reach a new annual high before retreating, and on July 19, there was also a drop of over 4%. If large holders and institutions continue to increase their holdings during the pullback, or if the overall market environment improves and investor confidence is restored, the price of XRP may rise again, potentially providing a buying opportunity for long-term bullish investors. However, if the price decline is due to issues with the project itself or a deterioration in the overall market environment, and if large holders and institutions continue to reduce their holdings, then buying at low prices may face significant risks.
However, cryptocurrency trading is not legally protected in China, and the market has high uncertainty and significant risks. Investors should approach it cautiously and avoid blindly following investment trends.
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