XRP's Bumpy Road: Expert Warns of Another Pullback Ahead
XRP has rebounded significantly in recent days, up 6.68% over the past 24 hours and 24% over the past week to $1.61. The crypto market is experiencing a bull cycle, with total market capitalization approaching $3 trillion.
The recovery comes after a volatile move that began with XRP falling to $0.978 in August, but Black Swan Capitalist co-founder Vandell Aljarrah warns late buyers against chasing the rally. He believes another pullback will create a better entry point for investors who missed the earlier move.
'If you haven't accumulated the amount you wanted, don't let this move lure you in,' Aljarrah said. 'Sit tight. This pump is not your entry.'
The analyst notes that market timing can be difficult and a pullback does not have to occur at anticipated levels.