Yes, we believe it could be a good time to buy XRP, but we encourage you to read on to understand why.
Before last month XRP had made unprecedented gains and even surprised investors when its price shot up to hit a multi-year high.
Within the last 30 days, however, it has crashed by more than 20%. This begs the question of whether now is the best time to buy the top altcoin.
After months of a sustained uptrend, XRP hit a multi-year high of $3.44. At the time, there were a lot of bullish catalysts supporting further upside for the top altcoin.
In fact, optimistic forecasters like Bitget’s Ryan Lee were confident the altcoin had the potential to push it up to $10 before year-end.
A series of negative macro headwinds have however forced a pause on a further uptrend. The two that had the biggest impact on XRPs are the Trump tariffs and the fear of recession. These have seen the altcoin prices crash by more than 20% in the last 30 days.
These tariffs have triggered a risk-off sentiment in the market. They are forcing investors to turn away from riskier crypto assets in favor of relatively stable assets like BTC or non-crypto safe havens like Gold and Silver.
The fear of inflation and possible recession has also contributed to XRP’s dismal price action. This was sparked, first, by the rising fears of a trade war triggered by the Trump tariffs. This was later confirmed by the warnings of the FED chair, Jerome Powell.
The likes of JP Morgan have even raised the odds of global recession before year-end from 40% to 60% following the reciprocal tariff announcement.
Is Now a Good Time to Buy XRP?
Yes, primarily because XRP is currently trading at highly discounted prices related to its worth. Additionally, panic has gripped the crypto industry, as evidenced by the feat and greed index, which just hit a multi-year low of 17. This has sparked the massive sell pressure that continues to push XRP down.
But Why Buy XRP When Everyone Seems to be Selling?
Because the current self-pressure has pushed XRP way below its long-term value. It is also clear, at this time, that fear has overcome logic and emotion from driven sales, which has created a discount opportunity.
It is only when such market conditions present themselves that top investors and analysts advise you to go all in. Warren Buffet, for example, encourages investors to “be fearful when others are greedy, and greedy when others are fearful.’
XRP Whales understand this, and that’s why they have been aggressively accumulating coins. At the height of the crash in the second week of March, for instance, they acquired more than 150 million XRP tokens in less than 48 hours.
On-chain data by Sentiment also shows that XRP whales with more than one million tokens have increased their stash by at least 6.5% in the last two months.
These investors understand one thing; that XRP is only down because of the prevailing market conditions. They are also aware that most of the developments in the Ripple ecosystem haven’t been priced.
Neither are the upcoming bullish catalysts like the dropped SEC case and potential approval of Ripple ETF. This implies that as soon as the market starts stabilizing, XRP will resume the pre-March 2025 rally and set sight on a new all-time high.
We are especially bullish about XRP’s future and are confident about its rebound and rally to a new all-time high. Our analysis suggests that XRP will peak above $4.41 before year-end. This represents a 230% jump from its current price.
It also means that if you invest $1000 in XRP today, you could possibly grow this to $2300 before the end of the year.
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