XRP’s Low Price Isn’t A Problem—It’s Actually A ‘Blessing’, Finance Expert Says

Source Newsbtc

According to recent posts from market commentators, XRP has fallen back under pressure as Bitcoin trades near $103,000 and hovers around the $101,000 support level.

A crypto expert, Coach JV, told followers that seeing XRP trade under $2 would be a “blessing” for disciplined buyers.

Reports have disclosed that XRP gave up the $2.5 level and now faces bears that could push it to new lows below $2.

XRP Drops Near Key Support

Based on numbers from market trackers, the broader crypto market lost about $350 billion in total value between Nov. 3 and 4. XRP was hit hard in that stretch, falling about 14% to roughly $2.2.

Analysts suggested those who missed buying under $2 might get another chance if current weakness continues. Momentum has been driven by Bitcoin’s pullback, and that pressure has been passed down to many altcoins, XRP included.

Market Moves And Historical Context

Coach JV pointed out that a drop below $2 would wipe as much as 37% off a position opened at the start of August. For example, a $100,000 stake would be worth about $63,000 in that scenario.

Those are headline numbers that grab attention. Yet the message being pushed by some analysts is simple: a downturn can create low-price buying opportunities.

After the collapse from $3.30 in January 2018, XRP stayed mostly between $0.3 and $0.7 for seven years, until the rally in November 2024 reopened the market for large gains.

Opportunity For The Patient

According to JV, patient accumulation during weak patches is what separates winners from those who chase rallies later. He wrote that when others are chasing green candles, early accumulators are often already sitting on gains.

This is a common refrain among crypto traders, and it was echoed by other figures in the XRP community. Reports have also recorded that the phase where XRP traded under $1 closed after the 2024 rally, and many now watch the $2 area closely for fresh entries.

Technical Views Remain Bullish On Higher Timeframe

Meanwhile, Egrag Crypto, another analyst focused on XRP, said the long-term chart still looks bullish. He flagged data distortion on Oct. 10 across exchanges like Binance, Bitstamp, and Coinbase, and he identified $1.4 as that date’s low.

That low was noted in his analysis, and he argued that higher-timeframe structure hasn’t been broken. His tone was confident, even as he admitted short-term pain.

Featured image from Unsplash, chart from TradingView

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Musk says Tesla could hit $100 Trillion, but needs "enormous work"Elon Musk acknowledged over the weekend that getting Tesla to a $100 trillion company value would demand massive effort and fortune. The statement came after investors suggested this sky-high number could happen if his various businesses merge together. Right now, Tesla sits at $1.5 trillion in market value. Getting to $100 trillion would mean multiplying […]
Author  Cryptopolitan
13 hours ago
Elon Musk acknowledged over the weekend that getting Tesla to a $100 trillion company value would demand massive effort and fortune. The statement came after investors suggested this sky-high number could happen if his various businesses merge together. Right now, Tesla sits at $1.5 trillion in market value. Getting to $100 trillion would mean multiplying […]
placeholder
Fed to enter gradual money-printing phase, says Lyn AldenLyn Alden says the Federal Reserve is likely entering a gradual phase of money printing rather than aggressive stimulus.
Author  Cryptopolitan
14 hours ago
Lyn Alden says the Federal Reserve is likely entering a gradual phase of money printing rather than aggressive stimulus.
placeholder
Global crypto searches near 1‑year low at 30 as market cap slumps 43%Global interest in crypto is at a year-long low, with Google searches dropping as the market cap falls 43%.
Author  Cryptopolitan
14 hours ago
Global interest in crypto is at a year-long low, with Google searches dropping as the market cap falls 43%.
placeholder
Arthur Hayes Attributes Bitcoin Crash to ETF-Linked Dealer HedgingArthur Hayes, the co-founder of BitMEX, suggested that institutional dealer hedging is exacerbating the recent downward pressure on Bitcoin prices.In a February 7 post on X, Hayes pointed to structure
Author  Beincrypto
14 hours ago
Arthur Hayes, the co-founder of BitMEX, suggested that institutional dealer hedging is exacerbating the recent downward pressure on Bitcoin prices.In a February 7 post on X, Hayes pointed to structure
placeholder
Tom Lee’s BitMine Adds Another $42 Million in Ethereum Despite Crypto WinterBitMine, the largest corporate holder of Ethereum, has capitalized on the digital asset’s recent price volatility to expand its treasury holdings.On February 7, blockchain analysis platform Lookonchai
Author  Beincrypto
14 hours ago
BitMine, the largest corporate holder of Ethereum, has capitalized on the digital asset’s recent price volatility to expand its treasury holdings.On February 7, blockchain analysis platform Lookonchai
goTop
quote