In today’s video, we will talk about XRP price going down and hedge funds seeing this as an
opportunity to buy loads. You will know about the reasons why XRP will go up soon and it will
not remain like this forever. There is a recent price analysis for XRP at the end. So, let’s start our
video.
XRP price despite being much undervalued for a very long time did not stop attempting to ride
higher. Series of FUD and misconceptions hindered the way, yet failed to drag the price to the
bottom levels. No doubt, the Ripple price for a couple of months is struggling hard to hit $1, yet
it has sustained above $0.5 amid massive sell-off and a couple of crashes too.
XRP price despite a 70% drop from its yearly highs of around $1.96, still topped the leader board
of top-performing crypto in Q1 of 2021. While the other assets like BTC, XLM, LTC are down
by 40.38%, 30% & 26.5%, XRP’s performance is more than 21%. Also the second largest crypto
Ethereum is also behind XRP with 18% growth. Hence the upcoming quarters may also be much
fruitful for the asset.
At that time, the investors were wishing for XRP to drop so they could buy the dip. Because they
knew the value will go up again in next quarters. Currently, the entire crypto space is
experiencing an extreme drain-off, maybe due to some external factors or the strengthened bear
army. And hence amid the market trend, XRP price was also impacted. Ripple price could regain
bullish momentum because of some events that we will discuss later in the video.
As the value of XRP is down, investors are continuously buying the dip. Huge hedge funds are
also buying the loads of XRP. Hedge funds are alternative investments using pooled funds that
employ different strategies to earn active returns, or alpha, for their investors. Simply talking, a
hedge fund is an alternative investment that is designed to protect investment portfolios from
market uncertainty, while generating positive returns in both up and down markets. Throughout
time investors have looked for ways to maximize profits while minimizing risk.
#XRP #Ripple
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