if you want to continue with that currency. wait for it to drop to 1 or 1.2 buy the same amount you have and when it rises to what you bought at 2.9 sell half. recover your investment.
Crypto Huntime
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😞 Massive Loss on XRP: What Went Wrong and What’s Next? 😴
During the $XRP hype a couple of months ago, I bought 20,298.33 XRP at an average price of $2.93, with a total investment of around $59,500. At the time, I was hoping for a big rally as the legal battle with the SEC seemed to be going in Ripple's favor. However, XRP is now trading at $2.50, and my holdings have dropped to $50,900, leading to a loss of about $8,700. 😔
🤔 What’s Next?
✅ I'm considering Dollar-Cost Averaging (DCA) in XRP’s long-term potential, buying at lower levels could help me average my entry price for a potential future rally when the market picks up.
✅ I have set a price alert for $2.20: If XRP breaks below $2.20, will consider cutting position or placing a stop-loss to limit further losses. As a price drop below this level may signal more bearish movement ahead.
If you are also in a loss buying XRP at a higher price, it's important to stay alert and make moves based on new market trends and news. What’s your strategy in this situation? 👇👇
