It is a small drop if you take into account how amazing its growth is in previous weeks. XRP rallied and increased a lot in past few weeks and 20% correction is not a big one.
Its rally is far beyond any expectation of XRP holders. The price of this rally is still far below the all time high of XRP in 2018 but I think XRP enthusiasts should satisfy with this rally and I hope they already enjoyed by exit. Some can get profits by investment in bottom months ago but some could have opportunity to cut loss after many months of holding and waiting.
They can cut loss, wait for the 20% correction to buy up and wait for the price is lower 20% than all time high to exit. It is a wise strategy if they know all time high is always very strong resistance. 20% below all time high can be more easily reachable.
Its rally is far beyond any expectation of XRP holders. The price of this rally is still far below the all time high of XRP in 2018 but I think XRP enthusiasts should satisfy with this rally and I hope they already enjoyed by exit. Some can get profits by investment in bottom months ago but some could have opportunity to cut loss after many months of holding and waiting.
They can cut loss, wait for the 20% correction to buy up and wait for the price is lower 20% than all time high to exit. It is a wise strategy if they know all time high is always very strong resistance. 20% below all time high can be more easily reachable.
20% is no small drop my friend, and remember the 20% was based on the price 7 days ago and not the actual peak price. If we consider the drop the peak price, It's almost going to negative 50% and the drop hasn't stopped yet while other coins haven't shown any significant movements.
Peak Price ~ $0.78
Current Price ~$0.46
This one day chart should give a clear picture.
