thecryptobasic.com
Famous crypto expert Edo Farina encourages investors to buy $XRP immediately rather than wait for a retracement that might never happen.
Farina made the assertion in response to questions from his X followers about whether it is appropriate to purchase $XRP now or wait for a price retracement. Notably, he does not recommend waiting, as he thinks $XRP might not see any major dip.
The analyst claimed he had successfully predicted $XRP’s downturn in the past, especially when the asset plunged to $0.20 after the SEC filed its lawsuit against Ripple in 2020.
DON’T wait to buy $XRP. 🚨
Buy $XRP and wait. ✅ pic.twitter.com/vzWaJoHC4V
— EDO FARINA 🅧 $XRP (@edward_farina) November 11, 2024
$XRP Prowess for Strong Growth
At the time of the analysis, $XRP was priced at $0.60, which, in Farina’s view, is highly undervalued. He shared a similar sentiment for Stellar ($XLM), which was trading at $0.11 at the time of the post.
According to Farina, both $XRP and $XLM have strong growth potential, citing their relevance in the financial sector. The expert also provided insights into the historical performances of both cryptocurrencies during a bull run.
He suggested that both cryptocurrencies are usually the last to surge in a bull run. Nonetheless, he said both assets end up with the biggest gains, as seen in 2018 when $XRP’s price soared 36,000% to an ATH of $3.84.
$XRP Set for Major Rally
The expert forecasted an imminent price surge for $XRP, advising investors to acquire $XRP immediately rather than wait for a retracement. He indicated that people could miss out on a potential rally if they choose to wait.
According to Farina, people should acquire at least 10,000 $XRP, which costs about $5,820. Afterward, he urged them to diversify their investments into other promising assets like $XLM.
No Regrets
Furthermore, he suggested a long-term approach for $XRP and other assets, which could help investors “beat the institutions.” He indicated that investors will have no regrets over the next five years when reflecting on their initial $XRP investment.
“It doesn’t matter, guys; I promise you will look back five years from now, and it will not matter at all if you bought $XRP at $0.55, $0.60, $0.65, or even $1,” Farina remarked.
$XRP has witnessed slight gains amid the broader crypto rally driven by Donald Trump’s victory in the U.S. Presidential election. The price of $XRP surged above the $0.60 mark, hitting an intraday high of $0.6160. At press time, $XRP is trading at $0.5820, reflecting a daily decline of 0.33%.