Despite being up nearly 100% from it's recent lows, XRP has maintained bullish volume, despite it's initial 31% sell off, the price has bullishly rebounded & is now actively testing it's recent high!
I've personally been buying XRP at every dip for the last 3 years. So while I obviously have a very strong incentive to hope for the price to take another leg up, I'd be lying if I said I wouldn't like to buy up more below $0.20 again!
There's also the fact that there is an active "Buy & Hold XRP" group on Telegram, promoting it's participants to hold off on buying XRP until Feb 1st, just to all buy in at once, to clear the order books & spike the price, followed by a long "hold" to try to sustain the price at a higher range. While the sustained price is unlikely to be maintained for a long period, depending on how much damage is done, the price could still find equilibrium at a significantly higher trading range than it's currently at.
Either way, I just do this for fun. Not financial advice.
I've personally been buying XRP at every dip for the last 3 years. So while I obviously have a very strong incentive to hope for the price to take another leg up, I'd be lying if I said I wouldn't like to buy up more below $0.20 again!
There's also the fact that there is an active "Buy & Hold XRP" group on Telegram, promoting it's participants to hold off on buying XRP until Feb 1st, just to all buy in at once, to clear the order books & spike the price, followed by a long "hold" to try to sustain the price at a higher range. While the sustained price is unlikely to be maintained for a long period, depending on how much damage is done, the price could still find equilibrium at a significantly higher trading range than it's currently at.
Either way, I just do this for fun. Not financial advice.