Crypto Investor Reveals They Just Accumulated 10,000 Ripple’s XRP Coins: Here’s the Main Reason

Ayman Mufleh revealed in a YouTube video that he just accumulated 10,000 XRP coins. He explained the main reason he bought them, and this was based on the price analysis he explained in the video.

The top analyst spent approximately $4,300 to get the tokens after analyzing the XRP price chart from 2016 using the weekly chart. That gave him a bigger picture of Ripple’s price action. 

Next Big Airdrop?

Notcoin airdrop on Telegram made millions to people. Don’t miss out on the next TG airdrop by the same team – Dogs on Ton!

Show more +

Read Also: Ethereum Price Set to Rally 50% as Justin Sun Buys $5 Million ETH

The analyst used the RSI indicator to determine if the price is already overbought or oversold. Based on the historical data they got, XRP is highly oversold and below 35; it was even previously below 33, which is the only time in history it has been that low. 

The analyst is using a strategy that requires buying XRP when it is oversold and selling when it becomes overbought. Thus, the presenter sees the current oversold level as the perfect time to buy, despite the ongoing bearish market. 

However, the price may not spike immediately. The presenter sees an incoming consolidation, which can last for a few months. During this period, the price might test the 40-cent range again. To get the most out of this opportunity, investors will have to be patient. 

Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?
Get all our future calls by joining our FREE Telegram group.

Check $RECQ Meme Coin

Sponsored: Invest Responsibly, Do Your Own Research.
Serves as the base currency for all transactions within the Rebel Satoshi platform
ICO stage, offering tokens at a discounted price
Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions.
Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade,
Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.

CaptainAltcoin
Logo