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Known for their XRP price predictions, EGRAG CRYPTO (@egragcrypto) has presented a price analysis that could excite the XRP community. The analyst stated that this analysis was based on their investment approaches and perspectives on XRP. They mentioned that the analysis was conducted according to the behaviors of investors who see the glass as half empty and the other half full. The analysis sheds light on the contrasting mentalities within the XRP community and emphasizes the importance of different perspectives that can be held in the crypto market.
Investors Focused on Short-Term Declines
The analyst first evaluated a group of investors prone to panic due to short-term price drops. According to the analyst, this group, likely consisting of risk-averse or new market entrants, focuses on immediate situations like a drop below $0.5 for their investment planning.
The analyst stated:
“Some panic when they see prices drop to $0.41 or $0.35, but they miss the bigger picture. This myopic view prevents them from seeing the long-term growth potential of XRP.”
Another prominent analyst referred to this group as “problematic money,” as they tend to sell during price drops and have missed out on potential millions of dollars in gains by not holding until the rises.
Long-Term Investors
On the other hand, there are investors within the XRP community who have a more composed outlook. This group focuses on the future of XRP and trusts in its potential for significant gains. They are also individuals who have previously seen what opportunities short-term declines can offer.
At this point, EGRAG steps in and suggests that for investors in this group, XRP’s potential strength could lead to a 15-fold, 27-fold, or even 55-fold increase over the next decade.
Furthermore, EGRAG commented that long-term investors adopt different strategies such as Dollar-Cost Averaging (DCA), which allows them to trade at the right cost during potential bull periods and enjoy the benefits.
While all this is happening, recent developments in the Ripple-SEC lawsuit have unsettled investors. Following the SEC’s interim victory, Ripple transferred over 120 million XRP to unknown wallets in the last five days.
In recent days, the personal wallets of company co-founder Larsen were hacked, and millions of XRP were stolen. Binance quickly took action on the matter, freezing the wallets containing the XRP sent to the exchange by the hackers.
