Recently, there has been a growing interest in Ripple (XRP) tokens, prompting many new investors to question the viability of purchasing the asset at its current price. Analyst Matthew Perry shares insights on what to consider when deciding.
Interest in XRP Grows
The recent surge in XRP's market capitalization to over $100 billion has captured the attention of new investors, especially after the asset recently hit $2. Perry notes that many newcomers are asking, "Is now a good time to buy XRP?" His answer is yes. While it may not be the perfect moment, he believes it is still a sound entry point for those who understand the long-term vision of Ripple.
Risks of Waiting for the Perfect Price
Perry shares his personal experience of buying XRP when the price was $0.53, despite advice to wait for a drop to $0.17. He emphasizes that waiting for the ideal price can often lead to missed opportunities. If one believes that Ripple will reach higher prices, buying at $2 is justified, especially given XRP's recent 358% increase over the last year.
Conclusion on Buying XRP
Although new investors may find it challenging to match the gains of early buyers, Perry still considers XRP a solid buy. His price targets range from $3.40 to $100 in the future. He stresses the importance of independently evaluating one's investment goals and maintaining faith in Ripple's future.
In conclusion, while purchasing XRP at a price above $2 may raise uncertainties for new investors, focusing on long-term prospects and personal investment goals is crucial. If you believe in Ripple, this might be your chance.
