XRP Price Tumbles Below $1 as Experts Recall Bitcoin's Prolific 'Death' Proclamations
XRP's price fell below $1 this week, reaching as low as $0.99 due to a broader crypto market selloff.
This move triggered bearish commentary online, with some traders declaring XRP and crypto on the way out.
However, Coach JB, a seasoned trader, argues that such pessimism is nothing new.
In fact, Bitcoin has been declared 'dead' over 470 times since its creation, yet it remains one of the top-performing assets.
According to figures shared by Coach JB, since January 2020:
Bitcoin is up approximately 796%
XRP is up approximately 445%
Gold is up approximately 179%
The S&P 500 is up approximately 137%
U.S. real estate is up approximately 55%
Rather than treating the dip as a signal to exit, Coach JB advocates for dollar-cost averaging.
He has accumulated XRP and Bitcoin over time, including buying more aggressively during price drops.