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%.