The Surge of XRP: Opportunity or Trap for Retail Investors?
Rapid Price Increase
XRP jumped from $0.5 to $2.4 in an instant! Even though it later dipped a bit, it quickly rebounded to around $2. But think about it, if the price were to fall, the reactions from those who bought at $1.5 and those who bought at $2.2 would certainly be quite different. Looking at it now, it seems that supply hasn't caught up, which could impact its fundamentals.
Whales Manipulating the Market
Those big players haven't accumulated enough XRP, so they keep buying and selling repeatedly, trying to trick us small investors. If they wanted to, they could sell a lot at once and drive the price down. I suspect they might push the price down to around $1.2 to scare us off, and then buy back at a lower price to make more money.
There's No Justification for Prices Rising to $5 or $10
A sharp price increase needs a solid reason to stand behind it. Right now, there isn't any major news or recognition suggesting XRP could rise to $5. Whenever there is actually such a development (maybe news will come next year), prices of $3 or $5 would then be justified. Until then, those whales will continue to manipulate the market.
The lesson is: Rich people don't play fair—they're quite clever in their strategies. Let's not get led astray by them! We need to be patient and have a strategy.
Recently, I plan to set up a position in a potential coin that is ready to explode, doubling my investment should be quite simple. I’m also looking for some potential coins to hold until the end of the year, expecting a growth of over 10 times is not an issue. If you want to follow along, watch my updates, leave a message, follow, like, and join my group.
