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Buy XRP: analyst advises
The crypto analyst managing the Austin Hilton YouTube channel advised his followers this week to prepare to purchase more XRP tokens on an upcoming price dip.
In a video posted on Dec. 15, the analyst told viewers he expects the XRP price to continue trading sideways or even downtrend in the short term before making an upward move.
Once his indicators “flash a buy alert,” the analyst said he plans to personally buy more XRP. He advised interested viewers to take advantage of the same temporary dip to accumulate more of the token at an optimal price.
The analyst attributes his bullish longer-term outlook on XRP to recent comments made by Federal Reserve Chairman Jerome Powell signaling the easing of interest rates in 2024. He believes crypto overall has “been cleared for takeoff” and that people are starting to feel better about investing in the space again.